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Jeff Bezos to sell Amazon shares worth $1 billion

This also comes at a time when the billionaire Jeff Bezos sold shares worth $240 million last weekNew Delhi: Jeff Bezos, the world’s third-richest person, the founder, executive chairman, and former president and CEO of Amazon may sell shares...

Retail Trends: 5 Companies using AI/AR tools to enhance customer experience

These market leaders have managed to leverage the power of artificial intelligence (AI) and augmented reality (AR) to create market differentiation and delight customers New Delhi: Artificial Intelligence (AI) powered augmented reality (AR) systems use deep neural networks to enhance...

Consumers spent $6.4 billion on first day of Amazon Prime Day: Study

This represents a 5.96% growth year-over-year (YoY) for Amazon Prime Day in terms of sales New Delhi: Amazon.com Inc. generated a sale of $6.4 billion on the first day of its flagship shopping event ‘Prime Day’ in the US, according...

After Cloudtail, Amazon now to delist its second star seller Appario from its platform

New Delhi: E-commerce company Amazon India and it’s joint venture partner Patni Group-owned Zodiac Wealth have decided to de-list online seller Appario Retail from the company’s online platform, a joint statement said on Monday.An official source told PTI that the...

Jeff Bezos to step down as Amazon CEO this year

Jeff Bezos will step down as Amazon CEO and become the company's executive chairman in the third quarter of this year. Amazon Web Services' (AWS) founder Andy Jassy will become Amazon's next chief executive officer.Bezos will become Amazon's executive chairman...

Amazon invests Rs 11,400 cr in India in FY20 with a long-term view

US e-commerce giant Amazon has pumped in over Rs 11,400 crore (about $1.5 billion) during FY2019-20 across its marketplace, payments and wholesale business units in India to bolster its position in the country's burgeoning digital commerce market, according to a report...

Vahdam® India appoints Ketan Desai as Chief Tea Educator & Sustainability Officer

Global wellness brand, VAHDAM® India, has hired ex-tea entrepreneur Ketan Desai as its Chief Tea Educator & Sustainability Officer. Desai has also invested an undisclosed amount in VAHDAM® India, as a mark of his conviction in the brand. He comes comes with...

Amazon reports 37 pc growth in sales, expects bumper holiday season

E-commerce behemoth Amazon has reported better-than-expected Q3 results in the pandemic times when people tend to shop more online, as net sales increased 37 percent to US$ 96.1 billion in the third quarter, compared with US$ 70 billion in...

Amazon flexes muscles but Reliance holds deep war chest

The face-off between Mukesh Ambani-led Reliance Industries Ltd (RIL) and Jeff Bezos-run behemoth Amazon over the retail assets of Future Group in India has once again exposed the ambition of the so-called ‘gatekeeper for e-commerce’ to keep the reins...

Jeff Bezos, Mukesh Ambani set for long-drawn war over Future Retail

As Reliance Industries Ltd (RIL) stepped into the e-commerce space with JioMart, speculations ran rife over two of world's richest individuals up for a confrontation in the market. But RIL's proposed acquisition of Future Group's retail business has just...
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Killer Jeans maker KKCL to invest Rs 35 cr in FY25 on capacity expansion, new stores

KKCL had cash of Rs 390 crore in its books and is paying the Rs 166 crore for the...
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