Page 20 - Amazon

Amazon's MGM Studios gains creative control over 'James Bond' franchise

The move clears uncertainty over one of Hollywood's most popular movie series after a December report in the Wall Street Journal said that relations between Broccoli and Amazon had strained

Amazon Pharmacy expands medicine access from Andaman to Arunachal Pradesh

Using Amazon's nationwide logistics network, customers can now access a wide range of medicines, with same-day delivery available in 23 cities, including top metros and Tier-II cities

Ministry of DoNER working with Amazon to boost Bamboo market, says official

The Ministry of Development of North East Region would explore the market opportunities for Bamboo in domestic and overseas markets and it was working with Amazon and two other companies in this connection, a senior government official has said. Besides promoting Bamboo locally, the Ministry would also look for shipping them to neighbouring countries like Bangladesh, Myanmar, Ministry of Development of North Eastern Region (MDoNER) Secretary Chanchal Kumar said. At a recent roadshow in Chennai, Union Minister for Communications and Development of North Eastern Region Jyotiraditya M Scindia said nearly 38 per cent of the Bamboo was produced in the North Eastern States. This provides a huge opportunity for Chennai which has a huge furniture-making industry, he said. "Today, we can grow that Bamboo, process it to manufacture furniture and export it (to other parts of the country). Right now, my Ministry is working with Amazon and two other companies to adopt self-help groups in the Nor

Amazon, echoes rival Microsoft, says it can't keep up with AI demand

Amazon spent $26.3 billion in capital expenditures in the last three months of 2024, the vast majority of which went toward AI-related projects within AWS

Amazon Cloud needs to deliver after Microsoft, Alphabet miss estimates

Wall Street expects Amazon to have spent about $76 billion on capex in 2024, up from $53 billion the prior year. That's seen swelling to $86 billion in fiscal 2025

Amazon could release AI-enhanced Alexa assistant on Feb 26: What to expect

Beyond conversational features, AI-powered Alexa is expected to get agentic AI capabilities for taking certain actions on user's behalf

Amazon's cloud business faces test after Microsoft, Google struggles

Amazon Web Services, the world's largest cloud services provider, is expected to post its strongest revenue increase in eight quarters at 19.3 per cent, according to data compiled by LSEG

Amazon sells Quess Corp shares for Rs 46 cr, Fairfax Capital hikes stake

Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the bulk deal data available on the BSE. The shares were disposed of at an average price of Rs 610.20 apiece, taking the transaction value to Rs 46.03 crore. Meanwhile, Fairfax Financial Holdings' affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the two promoters of Quess Corp, increased their holdings, by picking up an additional 3.77 lakh shares of the company each. "Pursuant to Sebi (Listing Obligations and Disclosure Requirements) regulations, 2015, we would like to inform that Fairbridge Capital (Mauritius) Ltd has purchased 3,77,218 ..

Amazon Web Services to invest Rs 60,000 cr for expansion in Telangana

Amazon Web Services (AWS) will invest Rs 60,000 crore to expand its data centre infrastructure in Telangana, state government said. Chief Minister A Revanth Reddy and IT and Industries Minister D Sridhar Babu held meetings with senior executives from AWS at the ongoing World Economic Forum at Davos, Switzerland, it added. "AWS will be expanding its data centres in Hyderabad in a big way with plans for fresh investment of around Rs 60,000 crores. With this AWS Region in Hyderabad will play an increasingly important role in supporting AWS's growth of cloud services in India, including AI in the future," a state government press release issued on Thursday stated. The AWS side was represented by Michael Punke, Vice President, Global Public Policy. The leaders discussed the Telangana government's supportive role in creating a welcoming environment for establishing data center infrastructure in the state, and the strategic importance of the state for AWS's operations in India, it said. A

Amazon to close 7 warehouses in Quebec, end 1,700 jobs in next 2 months

Online retailer Amazon said on Wednesday that it's closing all seven of its warehouses in the Canadian province of Quebec in the next two months. The e-commerce giant said the move would provide "even more savings to our customers over the long run". However, a Canadian union that successfully unionised one warehouse accused the company of closing its sites to fend off organising efforts in the region. The closures will eliminate about 1,700 permanent full-time jobs in the greater Montreal area, Amazon said. The warehouses also employ 250 temporary employees. Amazon said it would enlist local, third-party companies to deliver packages, reverting to a business model it used in Quebec before 2020. "This decision wasn't made lightly, and we're offering impacted employees a package that includes up to 14 weeks' pay after facilities close and transitional benefits, like job placement resources," Amazon spokesperson Barbara Agrait said in a statement. Agrait said the decision was made

Google to make fresh investment over $1 billion in OpenAI rival Anthropic

Anthropic, a major competitor of OpenAI in the AI foundation model space, declined to comment

Carbon markets investor kicks off $1.5 bn Amazon protection plan in Davos

The initiative is the first major campaign by Silvania, a $500 million nature and biodiversity investment vehicle, working with Conservation International and The Nature Conservancy

Amazon to acquire fintech firm Axio to expand credit services in India

Information about deal size for Bengaluru-based firm not disclosed

Blue Origin reaches orbit in first New Glenn launch, misses booster landing

Thirty stories tall with a reusable first stage filled with liquid oxygen and methane, New Glenn launched around 2 am ET (0700 GMT) from Blue Origin's launchpad under cloudy skies

Amazon Echo Spot review: A perfect smart accessory for your bedside table

The Amazon Echo Spot is positioned as an Alexa-enabled smart alarm clock with a customisable display, rather than as a traditional smart speaker or display

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