Page 10 - Amazon

Amazon teams up with FedEx for big package deliveries after UPS pullback

FedEx stock jumped on Monday, rising 7 per cent following its partnership with Amazon. This marks a potential revival of ties between the two companies since their 2019 split over home deliveries

More Retail plans ₹2,000 crore IPO, targets Ebitda-positive in FY26

Company backed by Amazon and Samara Capital aims to go public in 12-18 months, reduce debt, and expand store network from 775 to 3,000 by the end of the decade

'Leo will follow Francis': Amazon Catholics hope new pope protects forest

The bishop sat quietly near the front row, hands folded, listening as Indigenous leaders and church workers spoke about the threats to Peru's northern forests, a part of the Amazon rain forest. It was 2016, a year after Laudato Si, Pope Francis' encyclical on the environment. When he was up to speak, the bishop didn't preach though he was in his city of Chiclayo as host of a regional gathering. Instead, he reflected on things he had seen. It's a very important encyclical, he said. It also represents something new in terms of this explicit expression of the church's concern for all of creation. That bishop, Robert Prevost, is now Pope Leo XIV. He was always very welcoming, very close to the people, Laura Vargas, secretary of the Interreligious Council of Peru, who helped organize the event, recalled in a phone interview with The Associated Press. He had no problem saying yes when we proposed it he was genuinely interested in social pastoral work. Since then, Prevost deepened his

CCPA issues notices over illegal walkie-talkie sales on e-commerce sites

CCPA flags sale of walkie-talkies on digital platforms without frequency, licensing, or ETA compliance, calling it a violation of the Consumer Protection Act, 2019

Apple to partner with Amazon-backed Anthropic on AI-based coding platform

The new AI coding system is an updated version of Apple's programming software, Xcode, and will integrate Anthropic's Claude Sonnet AI model

Amazon braces for tough quarter; warns on tariffs, consumer spending

When it reported results Thursday, the world's largest online retailer posted a decent first quarter but said operating profit in the current period would be weaker than Wall Street anticipated

Nvidia, Anthropic clash over US' export restrictions on semiconductors

Nvidia and Anthropic are divided on the artificial intelligence policy with US chip export restrictions set to take effect on May 15

Tech Wrap April 30: Motorola Edge 60 Pro, Meta AI app, Kindle Paperwhite

Motorola launches Edge 60 Pro. Meta AI app arrives on Android and iOS. Amazon launches the new Kindle Paperwhite in India. Samsung brings flagship AI features to Galaxy A series

Trump calls Bezos a 'good guy' after Amazon cancels tariff displaying move

Ecommerce major Amazon was considering displaying the added cost of tariffs on select retail items in the US. But a quick call between Trump and Bezos solved the problem very quickly

Amazon launches Kindle Paperwhite in India with 7-inch display at Rs 16,999

The Kindle Paperwhite features a 7-inch display, more on-device storage, and improved performance with 25 per cent faster page turns, said Amazon

UPS to cut 20,000 jobs on lower Amazon shipments; profit beats estimates

The company last year said it cut its workforce by 12,000 jobs. It expects expenses between $400 million to $600 million during 2025

Amazon denies plans to display Donald Trump-imposed tariffs on listings

Trump has imposed a tsunami of tariffs on US trading partners, including China, which has seen tariff costs rise by 145 per cent since Trump took office

Amazon launches first internet satellites to compete with SpaceX's Starlink

Amazon's first batch of Internet satellites rocketed toward orbit Monday, the latest entry in the mega constellation market currently dominated by SpaceX's thousands of Starlinks. The United Launch Alliance's Atlas V rocket carried up 27 of Amazon's Project Kuiper satellites, named after the frigid fringes of our solar system beyond Neptune. Once released in orbit, the satellites will eventually reach an altitude of nearly 630 kilometres. Two test satellites were launched in 2023, also by an Atlas V. Project officials said major upgrades were made to the newest version. The latest satellites also are coated with a mirror film designed to scatter reflected sunlight in an attempt to accommodate astronomers. Stargazers oppose the fast-growing constellations of low-orbiting satellites, arguing they spoil observations. Others fear more satellite collisions. Founded by Jeff Bezos, who now runs his own rocket company, Blue Origin, Amazon aims to put more than 3,200 of these satellites int

MX Player brings greater reach, retail ads after becoming Amazon product

At 250 million unique visitors a month, MX Player has for long been in the same bracket as YouTube (454 million) and Meta (324 million) in reach

Amazon to provide free health check-ups to over 80K delivery partners

Amazon India on Friday announced plans to provide free health check-ups to over 80,000 delivery associates through a series of medical camps across the country by the end of 2025. The initiative is already underway with four camps organised across Tamil Nadu and Delhi-NCR, Amazon said in a release, underlining its commitment to the health and safety of delivery associates and delivery partners. Announcing the expansion blueprint of the initiative, the company said the medical camps are conducted by Marsh and Care Insurance and provide essential health services, including eye examinations, dental check-ups, BMI assessments, and general physician consultations. "Delivery associates and delivery partners can access these services by presenting a government-issued identity proof at any of the camps set up at Amazon's last-mile delivery stations," the release added.

Meesho hits $6.2 bn GMV run rate, to grow 26% annually till FY31: CLSA

Meesho's gains come as incumbent players such as Flipkart and Amazon have seen slight declines in market share, according to the CLSA report

India a land of opportunity for both mass & premium: Tata Consumer MD & CEO

Coffee prices have been going up because both robusta in Vietnam is seeing a bit of issues and Arabica in Brazil is also seeing a bit of issues and therefore there has been a run up

US seeks equal ecomm access for Amazon, Walmart in trade talks with India

The Trump administration is pushing India to ease FDI and platform rules that limit foreign ecommerce firms like Amazon to marketplaces, while local players can sell directly and operate freely

Google loses ad monopoly case as big tech faces ongoing antitrust battles

Along with Google and Meta, Amazon and Apple are also currently facing significant antitrust challenges in the US

From stardom to the stars and back: Katy Perry & crew touch edge of space

In a significant development in space tourism, Blue Origin's fully automated NS-31 mission completed a successful all-female crew trip including pop star Katy Perry to the edge of deep space