Page 15 - Amazon

Jeff Bezos' Blue Origin to try again to launch New Glenn rocket Tuesday

Blue Origin will try again to launch its massive new rocket as early as Tuesday after calling off the debut launch because of ice buildup in critical plumbing. The 320-foot New Glenn rocket was supposed to blast off before dawn on Monday with a prototype satellite. But ice formed in a purge line for a unit powering some of the rocket's hydraulic systems and launch controllers ran out of time to clear it, according to the company. Founded by Amazon's Jeff Bezos, Blue Origin said Tuesday's poor weather forecast could cause more delay. Thick clouds and stiff wind were expected at Cape Canaveral Space Force Station. The test flight already had been delayed by rough seas that posed a risk to the company's plan to land the first-stage booster on a floating platform in the Atlantic. New Glenn is named after the first American to orbit Earth, John Glenn. It is five times taller than Blue Origin's New Shepard rocket that carries paying customers to the edge of space from Texas. Bezos found

Space industry has room for 'multiple winners': Bezos on competition

There is going to be new uses for space that's going to drive demand for large capacity up, Bezos said on the eve of his company's first orbital rocket launch attempt

First phase of Bima Sugam project likely to be rolled out mid-2025

Initially proposed for Jan '23 launch, project missed many deadlines

Uncertainty looms over launch of Irdai's ambitious Bima Sugam project

Industry players, who are also investors in the project, say it is unlikely the project will meet the announced launch date of April 2025, with few updates on its progress

Amazon, Flipkart pleas against CCI probe order transferred to Karnataka HC

A single-judge bench of the Karnataka High Court is likely to hear the case on January 15

SC transfers all cases against Flipkart, Amazon to Karnataka HC on CCI plea

The order came on a plea filed by the Competition Commission of India, which sought to consolidate all 24 cases pending across various high courts against Amazon and Flipkart

Quick commerce will rival e-commerce majors Amazon, Flipkart: Zepto CEO

The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom

Jeff Bezos' Miami neighbor seeks $200 million for empty 1.8 acre lot

Even if the land ultimately fails to sell for $200 million, Reznik believes it will still set a record for the region

Musk's SpaceX, Amazon in talks with British Airways owner on wi-fi deal

One obstacle for Starlink is the complexity of the certification process, Gigante said. She said IAG is evaluating various options, including when the group could install a new service

Jeff Bezos rejects reports of $600 mn wedding with partner Lauren Sanchez

Billionaire Jeff Bezos rejected reports that he was planning an extravagant $600 million wedding with partner Lauren Sanchez in Aspen, Colorado

Amazon, Starbucks workers strike, possible Trump link raises questions

Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract. The strikes that started Thursday and Friday followed other recent standoffs between corporate America and organized labor. Large and established labor unions secured meaningful employer concessions this year following strikes by Boeing factory workers, dockworkers at East and Gulf coast ports, video game performers, and hotel and casino workers on the Las Vegas Strip. But workers at Starbucks, Amazon and some other prominent consumer brands still are fighting for their first contracts. Amazon refuses to acknowledge the organizing efforts of drivers and warehouse workers many of whom have voted to unionize even though the powerful Teamsters union says it represents them. Starbucks long resisted the unionization of its stores, but had agreed to ..

Shoppers Stop advances 5% as various fund houses buy stake via block deals

Asset and wealth management company 360 One, through its four affiliates, acquired 6,44,645 shares in Shoppers Stop via multiple block deals

Amazon workers to strike at multiple US warehouses during holiday season

The strike could disrupt Amazon's operations as it races to fulfill orders during its busiest season of the year

Amazon exits Shoppers Stop; sells entire 4% stake for Rs 276 crore

In January 2018, Shoppers Stop announced that it had allotted shares worth Rs 179.26 crore to Amazon.Com NV Investment Holdings LLC, an investment arm of Amazon.com

Nestle rolls out protein shots for US weight-loss drug users to curb hunger

The weekly weight-loss injections mimic an intestinal hormone called GLP-1 and curb people's appetite, promoting a feeling of fullness

Netflix, Amazon oppose Trai's bid to regulate content delivery networks

Streaming giants Netflix, Amazon, and other industry bodies oppose Trai's proposal to regulate content delivery networks, warning it could affect investments and harm India's digital economy

FMCG major Dabur India's stock seems reasonably valued post correction

Dabur is expanding its premium portfolio and Total Addressable Market (TAM). The company estimates its existing portfolio, contributes less than 5 per cent of TAM

Amazon, Flipkart plea on CCI probe order should transfer to K'taka HC: SC

The Supreme Court on Monday said the petitions of e-commerce giants Amazon and Flipkart challenging an order of the Competition Commission of India ordering a probe against them for alleged malpractices should be transferred to the Karnataka High Court. A bench of Justices Abhay S Oka and Manmohan issued a notice on the plea filed by the CCI which sought the transfer of the petitions filed by the e-commerce platforms from the high courts to the top court or the Delhi high court. "Issue notice. Prima facie, we are of the view that all cases, which are pending in various High Courts should be transferred to Karnataka High Court for hearing," the bench said and posted the matter on January 6, 2025. The top court, however, asked the Karnataka High Court not to proceed with the hearing on the petitions filed by e-commerce giants. During the hearing, attorney general R Venkataramani submitted CCI did not have an objection if the matter was heard by the Karnataka High Court. In its plea

Small town buyers, Gen Z push Meesho's order growth by 35% in 2024

Despite challenging market conditions, Meesho sustained its growth trajectory, reaching approximately 175 million annual transacting users in 2024

Amazon donates $1 mn to Donald Trump's inaugural fund as Bezos plans visit

Amazon founder Jeff Bezos is also meeting with Trump next week, the president-elect said Thursday, highlighting his contacts with tech titans