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It's official, Amazon CEO Jeff Bezos is the world's 3rd richest man

Bezos' total net worth hit $65.05 billion Amazon chief executive officer Jeffrey Preston "Jeff" Bezos, on Thursday, passed Berkshire Hathaway founder Warren Buffett to become the third richest man......

Amazon narrows gap with Flipkart, tops Snapdeal

Amazon signed up Motorola as an exclusive brand partner for its new devices, which in turn helped it grow SoftBank-backed Snapdeal slipped to third position in India’s fast-growing......

It's a down-cycle, sector will bounce back: Sachin Bansal

Flipkart faces intense competition from larger global rival Amazon and local rival Snapdeal, which is backed by Chinese e-commerce giant Alibaba. Image: Binny Bansal (L) and Sachin Bansal.......

Amazon slashes sellers' fees to take on Flipkart

Flipkart and Snapdeal will feel the pressure of matching Amazon’s rates.   Amazon has slashed seller commissions on smartphones and software, following rival Flipkart’s decision......

How retailers plan to woo shoppers

Tata, Reliance and Aditya Birla groups have decided to take on e-retailers like Amazon and Flipkart, but their strategy is different from their online peers India could well be the final frontier......
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Dollar slides on GDP, Japan bonds fall on BOJ move

By Herbert Lash NEW YORK (Reuters) - Weak U.S. GDP data knocked down the dollar and yields on U.S. government debt on Friday, while Japanese... ...

http://www.sify.com/finance/dollar-slides-on-gdp-japan-bonds-fall-on-boj-move-news-commodities-qh3gv0jechcib.html
Wall St little changed; tech gains offset energy losses

By Yashaswini Swamynathan REUTERS - U.S. stocks were little changed on Friday after Alphabet and Amazon's strong results lifted technology stocks,... ...

http://www.sify.com/finance/wall-st-little-changed-tech-gains-offset-energy-losses-news-equity-qh3udAchcgfhf.html
Alphabet and Amazon wind up stellar quarter for big tech

By Anya George Tharakan and Sweta Singh REUTERS - Google parent Alphabet Inc and e-commerce giant Amazon.com Inc capped a blockbuster June quarter... ...

http://www.sify.com/news/alphabet-and-amazon-wind-up-stellar-quarter-for-big-tech-news-art-and-culture-qh3uFCfffabjg.html
Amazon quarterly profit jumps ninefold to $857 million

Online giant Amazon has said profit in the second quarter surged ninefold to USD 857 million, lifted by cloud services as the tech giant expanded... ...

http://www.business-standard.com/article/pti-stories/amazon-quarterly-profit-jumps-ninefold-to-857-million-116072901429_1.html
US STOCKS-Oil majors drag down S&P, Dow; tech stocks boost Nasdaq

* Exxon, Chevron drop on weak results * 2nd-qtr GDP growth up 1.2 pct vs est. 2.6 pct * Dow down 0.17 pct, S&P down 0.02 pct, Nasdaq up 0.17 pct... ...

http://www.sify.com/finance/us-stocks-oil-majors-drag-down-sp-dow-tech-stocks-boost-nasdaq-news-equity-qh3tEhggfgahc.html

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