Page 30 - Amazon

Amazon invested $1.2 bn, hired 15,000 people in 2023 to tackle counterfeit

Online marketplace Amazon invested more than USD 1.2 billion and hired about 15,000 experts in 2023 to protect the brand, its sellers, and customers from fraud and counterfeit, according to the Amazon 2023 Brand Protection Report. Amazon said when a customer purchases from the store, they trust they will receive an authentic product, and when businesses choose to sell in the store, they trust Amazon to provide a great selling experience free from competition with bad actors. "In 2023, Amazon invested more than USD 1.2 billion and employed more than 15,000 people, including machine learning scientists, software developers, and expert investigators, who were dedicated to protecting customers, brands, selling partners, and our store from counterfeit, fraud, and other forms of abuse," it said. Amazon said it uses document forgery detection, advanced image and video verification, and other technologies to confirm the authenticity of government-issued identity documents quickly and whethe

Amazon Pay to ramp up Smart Store services partnership with top 20 brands

The company has launched 18,000 Smart Stores in the country since its inception in 2019

Amazon India revises seller fees for 2024 due to macroeconomic factors

Starting April 7, there will be changes in referral fee, closing fee and weight handling fee, besides other fee heads, for sellers on Amazon.in

As Big Tech scrambles to meet EU regulations, investigations seen as likely

The Digital Markets Act (DMA) is one of the most comprehensive regulatory actions to rein in so-called "Big Tech" and is expected to reshape the global technology industry after decades of unfettered

Samara, Amazon-backed More Retail stake sale gets lukewarm response

The joint venture was looking to raise funds at $2 bn valuation

With Microsoft ending support, Android apps will not work on Windows 11 PCs

Windows 11 users can no longer download and install Android apps on PCs through Windows Subsystem for Android service, but can access already installed apps until March 2025

Forced to change: Tech giants bow to global onslaught of regulations

Apple, Google, Meta operated unfettered for years. But new laws have compelled them to make major shifts to their businesses

Amazon offers night shift work opportunities to women at Haryana centre

Amazon India on Thursday announced the launch of Women in Night Shifts (WINS) at one of its large sort centres in Haryana. In addition to Amazon's existing initiatives, WINS is designed to provide a safe and supportive work environment for women, ensuring equal opportunities for both men and women to work in various shifts, and championing inclusivity for all, the company said. In some states in India, regulations prohibit the employment of women in night shifts in warehousing operations facilities primarily stemming from concerns about women's safety and wellbeing. Therefore, safety, security, and wellbeing take centre stage to enable the WINS initiative, the company said. Amazon India has engaged with state governments to advocate for equal work opportunities for all. The company has successfully enabled night shift operations for women at select sites in Tamil Nadu, Rajasthan, Gujarat, Maharashtra, Karnataka, Uttar Pradesh, Telangana, Punjab, and now, in Haryana. "We believe i

Amazon joins 29 other 'blue chip' cos in Dow Jones Industrial Average

Amazon.com Inc. is joining the ranks of one of Wall Street's oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce pioneer will officially take its position among the 30-company Dow before the open of trading Monday, replacing drugstore operator Walgreens Boots Alliance. S&P Dow Jones Indices opened the door to Amazon's inclusion in the Dow and Walgreens' exit to rebalance the index in light of a 3-for-1 stock split by another Dow company, Walmart. Seattle-based Amazon will share membership in the Dow with the likes of Apple, Boeing, JPMorgan Chase and Coca-Cola. WHAT IS THE DOW? It's a measure of 30 stocks of established, well-known companies. These stocks are sometimes known as blue chips, which are supposed to be on the steadier and safer side of Wall Street. WHAT'S IN THE DOW? Not just industrial companies like Caterpillar and Honeywell, despite the name. The roster has changed many times since the Dow began in May 1896 as the US economy

Streaming a movie abroad may soon come with taxes at border; WTO to decide

The tariff ban has helped fuel the fastest-growing segment of world trade: digital goods and services. They're key to the success not just of tech companies like Amazon.com Inc. and Netflix Inc.

Nvidia market rally: What's behind the US-based company's bull run?

The market data shows that the Nvidia's shares have rallied over 250 per cent in the last one year

Jeff Bezos unloads another $2 billion of Amazon stock in latest sale

The move to Florida has now likely saved Bezos about $430 million in taxes. Washington state recently implemented a 7% levy on capital gains, while Florida has no such tax

Premium-device sales fuel Amazon's smartphone category growth in 2023

According to Babu, premium smartphone sales are primarily being fuelled by better financing options such as no-cost and low-cost equated monthly instalments (EMIs)

Instacart to cut 250 jobs as slowing ad biz counters upbeat Q1 forecast

Ad and other revenues increased 7 per cent in the fourth quarter, compared with a 19 per cent growth in the previous quarter

Jeff Bezos sells $4 bn of Amazon shares, cashes in on Amazon rally

Amazon shares were up 13% this year through Monday's close, the last day on which Bezos sold shares, according to a filing. They slipped 2.2% to $168.64 on Tuesday

Amazon Prime Videos ends Dolby Vision, Atmos support on basic plans in US

Ad-supported standard subscription in the US is now restricted to HDR10+ and Dolby 5.1 output, and Dolby Vision and Atmos available with ad-free subscriptions plans

AI frenzy puts Nvidia briefly ahead of Amazon in market value: Report

The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion

Jeff Bezos sells roughly 12 million shares of Amazon worth $2 billion

The sale plan, which is subject to certain conditions, was adopted on Nov. 8, 2023, and would be completed by Jan. 31, 2025, according to the company's latest annual report

CAIT approaches CCI against Flipkart, Amazon for anti-competitive practices

CAIT writes to CCI seeking the urgent resolution of the longstanding Delhi Vyapar Mahasangh case involving alleged anti-competitive practices of Flipkart and Amazon

Microsoft, Amazon-backed trade body CISPE in talks over EU dispute

A representative for Microsoft said the company continues 'to work constructively with CISPE to resolve concerns raised by European cloud providers'