Page 12 - 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

Amazon onboards BRISKPE as PSP to help Indian sellers scale globally

Amazon has recognised BRISKPE as a Payment Service Provider (PSP) and authorised it to provide cross-border payments on its marketplace. BRISKPE, backed by global investment firm Prosus, has rolled out the 'Launchpad', a new initiative aimed at transforming how Indian sellers expand globally, the payment service provider said in a statement on Friday. With this launch, BRISKPE moves beyond just powering payouts to building a full-stack ecosystem that helps sellers scale like global brands, it said. "The PSP approval from Amazon affirms the strength of our payment infrastructure...we're building a support system that gives Indian MSMEs the tools, partnerships, and confidence to succeed globally," Sanjay Tripathy, Co-founder and CEO of BRISKPE, said. The 'Launchpad' offers Indian Amazon sellers a complete suite of enablers: global shipping partners, tax consultants, marketplace experts, account managers, and compliance advisors -- all curated and integrated into one seamless platform

Amazon cuts China orders as US tariffs jump to 125%, sellers feel strain

US raises tariffs on Chinese imports to 125 per cent from earlier stated 104 per cent. This came after China retaliated with 84 per cent tariffs on US goods

Tech titans funded Trump; now face tariffs, trials and tight rules

The sweeping tariffs he imposed last week will squeeze Apple's iPhone supply chain and make it much more expensive for Amazon, Meta, Google, and Microsoft to build supercomputers to power AI

Nova Reel AI by Amazon now generates 2-min videos using text, image inputs

According to Amazon, users will be able to provide a prompt of up to 4,000 characters to generate a video of up to two minutes, which will essentially be a compilation of multiple six-second shots

Soon, Amazon will allow full refunds on Prime membership cancellations

Currently, Amazon allows a full refund only if the Prime membership is cancelled within three working days of activation or change from a free trial-as long as no benefits are used

Amazon new feature for Kindle will give users quick recap of a book series

This new AI-powered feature will let users revisit key plot points and character developments from earlier books before reading new releases, according to Amazon

Big-tech global firms challenge homegrown startup growth: CCI top official

At the Startup Mahakumbh, CCI Director General Ansuman Pattnaik asked startup founders to file a complaint before the commission if their business has been hindered because of a big firm

Amazon to rival Starlink with its own satellite constellation: Details

Amazon has said that it will begin offering high-speed and low-latency internet services by the end of this year

TikTok sale: As April 5 deadline nears, White House close to approving deal

It is worth noting that any deal would require approval from President Trump, as well as TikTok's parent company, Bytedance, and the Chinese government

Amazon submits bid to White House for buying TikTok as sale deadline nears

Even if Amazon's bid fails to gain traction inside the White House, the company's interest could compel other suitors to pay more, which squeezes more money out of a potential rival