In December last year, Amazon invested over Rs 1,700 crore into its payments and wholesale business units in India, while in October it had infused over Rs 4,400 crore (more than USD 600 million) in its various units in India, including marketplace and food retail. Bezos last visited India in 2014 when he presented Amazon's Indian unit with a giant cheque for USD 2 billion. Since then, Amazon has pledged a further USD 3.5 billion to expand in the country and the USD 1 billion investment announced on Wednesday would take the total committed investment to USD 6.5 billion.
What on earth is Jeff Bezos thinking?
Amazon.com founder Jeff Bezos, American comedian Jay Leno and the CEO of McDonald's Corporation Jack Skinner all started their career from McDonalds. Prakash Iyer, MD, Kimberly-Clark Lever and Executive Coach tells us what we can learn from each of their lives about career success.
'In three years, you will have an AI model that will be smarter than the smartest mathematician or the smartest scientist.'
Amazon.com founder and chief executive Jeffrey P Bezos shocked the world on Monday when he announced his decision to buy The Washington Post, one of America's leading newspapers, for $250 million (about Rs 1527.5 crore) in cash.
Thotakura was selected as one of the six crew members for the NS-25 mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.
The CEOs of four tech giants -- Amazon, Apple, Facebook and Google -- appeared before the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law on Wednesday to address concerns that their businesses may be harming competition.
Andy Murray launched a fresh rocket at his US Open conqueror Stefanos Tsitsipas on Tuesday, griping that the Greek player took longer on bathroom breaks than it took billionaire Jeff Bezos to reach outer space.
Prime Minister Narendra Modi congratulated Donald Trump on his historic inauguration as the 47th US president and said he looks forward to working closely together once again, to benefit both the countries as well as to shape a better future for the world.
From social editor to Vogue's new leader, Chloe Malle embraces her 'nepo baby' status, ready to shape the future of fashion media.
Amazon CEO Jeff Bezos is in India this week and is expected to meet top government functionaries, business leaders and SMBs.
US President Joe Biden greeted his successor Donald Trump at the White House with the message "welcome home" as Trump's motorcade arrived at the official presidential residence. Biden and Trump then went inside the White House for their traditional tea. Trump, 78, will be sworn in as the 47th president of the United States, succeeding Biden, 82. The ceremony has been moved inside the Rotunda from outside the Capitol Hill facing the majestic National Mall.
Terrific meeting with Narendra Modi. Always impressed, energised by optimism and invention in India. Excited to keep investing and growing," Bezos wrote on social networking platform Twitter.
The FIR was lodged at the Sector 20 police station on Thursday after the complainant, a Noida resident, alleged that her Amazon Prime account got hacked and the problem remains unresolved despite assurance from Amazon boss Jeff Bezos, an official statement said.
The new jobs - created both directly and indirectly - will be across industries, including IT, skill development, content creation, retail, logistics, and manufacturing.
Flipkart co-founders Sachin Bansal and Binny Bansal had worked at Amazon before launching their start-up in 2007.
While heaping praises on Cook for his contribution in the American commerce and industry sectors, Trump referred to the 58-year-old executive as "Tim Apple."
Amazon CEO Jeff Bezos has been ranked as the world's best performing CEO.
'I play a motivated, single dad, sort of like a Jeff Bezos, whose life changes when he ends up at the North Pole.'
Mobile phone could someday have an airbag.
Oil-to-telecom conglomerate Reliance Industries Ltd head Mukesh Ambani continues to be the richest Indian and has now broken into the world's top 10 wealthiest persons in the latest Forbes 2024 Billionaire List. Ambani, 66, is ranked 9th on the list with a wealth of $116 billion, up from $83.4 billion in the 2023 ranking, according to Forbes. Gautam Adani is the second richest Indian and is ranked at No.17 on the global list.
'We look forward to providing great customer experiences in India.'
The list has been topped by Amazon founder and CEO Jeff Bezos with Apple CEO Tim Cook coming in at the second place.
Amazon says it remains steadfastly committed to India, as evident by CEO Jeff Bezos' announcement last year of the company's plans to invest $5 billion in the country.
Blue Origin's 10th human flight, NS-30, will lift off from Launch Site in West Texas on Tuesday, February 25.
While Flipkart and Amazon go on a fund-raising spree, the real battle will begin once big industrial houses such as the Tatas, Reliance and the Aditya Birla group join the race.
Amazon.com Inc's newest mobile device, a smartphone that may sport a 3D screen, is the retailer's latest attempt to exert its influence over the way consumers shop online.
Thotakura was selected as one of the six crew members for the mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.
Last year in January at Amazon's flagship event Smbhav, Infosys Co-founder N R Narayana Murthy had to shorten his keynote speech from 20 minutes to about five because the event was delayed by 1.5 hours. "I will try to finish it in five minutes, because I am not used to delays," said Murthy, while addressing hundreds of micro, small and medium enterprises (MSMEs) about building businesses that last. In the audience was Amazon founder Jeff Bezos. Murthy referred to Bezos' prediction that the 21st century will be the Indian century. "That confidence enhances our enthusiasm," said Murthy. The relationship between Murthy and Bezos dates to 2014, when Prione, a 49:51 joint venture (JV) between Amazon and Murthy's venture capital company Catamaran, was formed.
Gautam Adani is now the fourth richest person on the planet. The chairman of the Adani group overtook Bill Gates -- once the richest man in the world -- this week.
We had been hearing about the Amazon tablet for quite some time. The rumour mill has been put to rest after Amazon CEO Jeff Bezos launched the latest Kindle. Now, that the secret is out of the box, we take a look at the bells and whistles Fire has to offer.
Bezos wears it on his sleeve, Nadella keeps it quiet
The 20 richest people on the planet are worth a staggering USD 1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico.
According to Silicon Alley Insider, Jeff Bezos, founder and chief executive, Amazon.com, is working at a company distribution centre in Lexington, Kentucky, this week. His motto is to spend time with hourly employees to see what they do and hear their comments on work.
The combined market-cap of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public.
Bezos said the drones, unmanned vehicles that fly through the air, could deliver packages that weigh up to five pounds.
Usain Bolt sprinted through thin air and sipped champagne floating on his back as he enjoyed near zero-gravity conditions in the back of an aircraft performing stomach-lurching parabola dives.
'Regulatory challenges exist everywhere. What we look for is regulatory stability over time.'
The warning by the anti-trust watchdog has come days ahead of Amazon founder Jeff Bezos' India visit, about which the Seattle-headquartered company has been tight-lipped. Sources in the know indicated that Bezos, coming on a short trip, has sought a meeting with Prime Minister Narendra Modi.
