Page 35 - Amazon

Amazon.com Inc's annual Prime Day isn't the catalyst it once used to be

In the past four years, the stock has fallen in the week of the two-day sale in which the retail giant discounts swathes of items

Amazon pushes back against Europe's pioneering new digital rules

Amazon is disputing its status as a big online platform that needs to face stricter scrutiny under European Union digital rules taking effect next month, the first Silicon Valley tech giant to push back on the pioneering new standards. The online retailer filed a legal challenge with a top European Union court, arguing it's being treated unfairly by being designated a very large online platform under the 27-nation bloc's sweeping Digital Services Act. Amazon, whose filing to the European General Court was made available Tuesday, is the second company to protest the classification. German online retailer Zalando filed a legal claim two weeks ago with a similar argument. The Digital Services Act imposes new obligations on the biggest tech companies to keep users safe from illegal content and dodgy products, with violations punishable by potentially billions in fines or even a ban on operating in the EU. The rules, which will take effect on Aug. 25, are expected to help Europe maintai

Dr Reddy's selects Amazon Web Services as preferred cloud provider

Amazon Web Services (AWS) on Monday announced that Dr. Reddy's Laboratories has selected it as preferred cloud provider to help provide access to affordable and innovative medicines. As part of the collaboration, the company has migrated its SAP platform entirely onto AWS. "By centralising the platform on the world's leading cloud, Dr. Reddy's will accelerate the development of new healthcare applications, grow its digital platform to help the organisation serve more than 1.5 billion patients by 2030 around the world, and enable healthcare providers to better track the progress of patients," according to a statement. Since 2019, Dr. Reddy's has been progressively creating and migrating digital applications to AWS to automate the company's IT infrastructure. "Leveraging AWS, Dr. Reddy's has made healthcare more accessible by launching new applications faster, to provide better service to its customers," the statement said. With AWS, Dr. Reddy's aims to reduce application developmen

Primed for Prime Day, Amazon@10 goes from 100 product launches to 45,000

In 2022, the company launched 30,000 products

Amazon CEO orders budget evaluation of major shows after Citadel's failure

Amazon CEO Andy Jassy has reportedly asked for a budget analysis for major shows after the $250 million project, Citadel failed to secure a spot on Nielsen's top 10 list

CCI backed Amazon in Android probe: Google's latest appeal to Supreme Court

Moves SC, alleging the tribunal ignored relevant evidence

Amazon miniTV to soon launch first set of Hindi dubbed International shows

Amazon miniTV on Wednesday announced the launch of 'miniTV Imported', the streaming service's new category that will provide International content dubbed in Hindi. The free streaming service, available on Amazon's shopping app, will stream top global shows every month across multiple genres, ranging from Korean, Turkish, Mandarin and Spanish, a press release stated. Amazon miniTV will unveil its first set of Hindi dubbed shows, which include titles such as "Cheer Up", "Heart Surgeons" and "Doctor Detective", from July 7. "In recent times, the viewing preferences of digital video consumers in India have changed significantly. They love diversity in content offering and are looking for unique stories & captivating characters from across the world," Amogh Dusad, Head of Content, Amazon miniTV, said in a statement. "We have curated a list of blockbuster shows (from Korean, Turkish, Mandarin, Spanish and many more languages) that we believe will resonate with Indian viewers. Very ...

Amazon set to cross $8 bn in exports from India by 2023, up 60% YoY

These developments are in line with the company's target of crossing the $20-billion mark in exports by 2025. This has been doubled from its previous target

iQOO Neo 7 Pro launched in India today at 12 pm, price begins at Rs 34,999

iQOO Neo 7 Pro launched in India today at 12 pm. The device will be up for sale from July 15-16 during Amazon's prime day sale

US antitrust regulator plans to target Amazon's online marketplace

The main allegation by the U.S. Federal Trade Commission is expected to be that Amazon leverages its power to reward those online merchants that use its logistics services and punish ones who don't

Tier-2 city consumers spend 16% of income shopping online: CMR study

86% of consumers rely on influencers' or publishers' reviews to make their purchase decisions. Notably, males appear to follow influencers more diligently (90%) than females (80%)

Amazon investing $7.8 bn more in Ohio-based cloud computing ops: Officials

Amazon's profitable cloud business will invest roughly USD 7.8 billion by the end of 2029 to expand its data centre operations in central Ohio, state leaders announced on Monday, further advancing the state's efforts to establish itself as the Midwest's technology hub. The new investments by Amazon Web Services, or AWS, were announced by Republican Gov. Mike DeWine and Lt. Gov. Jon Husted, who leads the governor's technology office. The financial outlay further cements Ohio as the heart of our nation's technology and innovation, the governor said in a statement. AWS launched its first data centres in the region in 2016 and currently operates campuses in two counties in central Ohio, home to the capital city of Columbus. The administration said numerous locations are being considered as sites for the new data centres, in a selection to be announced later this year. The cloud computing company is now responsible for the second largest private sector investment in the state's history,

Amazon to invest an additional $15 bn in India over the next 7 years

This will take Amazon's total India investment across all businesses to $26 billion

Amazon intends to invest $15 billion more in India: CEO Andy Jassy

E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date. "I had a very good and productive conversation with Prime Minister Modi. I think we share a number of goals. Amazon is one of the biggest investors in India. We have invested USD 11 billion till date and intend to invest another USD 15 billion, which will bring the total to USD 26 billion. So we are very much looking forward to future of partnering," Jassy said on Friday. The India's External Affairs Ministry in a tweet said the prime minister held a productive meeting with the president and CEO of Amazon. "Discussions focused on the area of e-commerce and the potential of further collaboration with @amazon in the logistics sector in India," it said. Modi welcomed .

Amazon duped millions of consumers into enrolling in Prime, says US FTC

The FTC has been investigating sign-up and cancellation processes for the Prime program since March 2021

Amazon to overtake Walmart in beauty by 2025, says Morgan Stanley

Morgan Stanley projects that Amazon will become the biggest player in beauty

Amazon, Marriott and other cos vow to hire thousands of refugees in Europe

Multinational companies including Amazon, Marriott and Hilton pledged on Monday to hire more than 13,000 refugees, including Ukrainian women who have fled the war with Russia, over the next three years in Europe. Just ahead of World Refugee Day on Tuesday, more than 40 corporations say they will hire, connect to work or train a total of 250,000 refugees, with 13,680 of them getting jobs directly in those companies. Every number is a story of an individual family who left everything, seeking safety, seeking protection and wanting to be able to rebuild as quickly as possible," said Kelly Clements, UN deputy high commissioner for refugees. "So the commitments that businesses are going to make on Monday are absolutely essential. She says 110 million people have been displaced worldwide, with an estimated 12 million from Ukraine, nearly half of whom are living in Europe after the continent's largest movement of refugees since World War II. The hiring push in Europe was organized by the

Amazon's $1.7 bn deal to buy Roomba maker iRobot gets US approval

The acquisition of iRobot would not disadvantage Amazon's rival 'smart home' platforms

Amazon's $1.7 bn deal to buy Roomba maker iRobot gets UK approval

British antitrust regulators cleared Amazon's purchase of robot vacuum maker iRobot on Friday, but the USD 1.7 billion deal still faces scrutiny in the United States and Europe. The Competition and Markets Authority said it decided not to escalate its initial investigation because it concluded that the deal would not result in a substantial lessening of competition within the United Kingdom. Amazon said it was pleased with the result. We look forward to similar decisions from other regulators soon, the company said in a statement. Consumer groups have voiced concerns that Amazon's purchase of Bedford, Massachusetts-based iRobot, which makes the popular Roomba robotic vacuum cleaners, would widen the e-commerce giant's dominance in the smart home market. The acquisition is still facing a review in the US by the Federal Trade Commission amid worries about Amazon's growing market power. It's also under scrutiny by the European Union's executive arm, which opened a review of the deal

Amazon-Uber extend strategic tie-up, 5% cashback on rides for Prime members

Of the 5%, they will get 4% as Uber credit and 1% as Amazon Pay cashback, which can be used to save more on future rides with Uber and fulfill shopping needs on Amazon.in