 "Amazon poised to win big as India launches annual festive shopping spree")
Amazon.com, the world's largest e-commerce company, said that its board authorised a $5 billion share buyback programme.
The buyback replaces the $2 billion repurchase programme approved in 2010. The company had $763 million remaining under the previous plan.
The company's shares rose 1.5% to $498 in after-hours trading.
