Page 2 - Amazon

Orange Health Labs raises $12 million in funding led by Amazon Smbhav

The company offers diagnostics directly to customers' doorsteps, with booking available through its website or app

AWS commits $100 million in cloud credits for underserved students

Amazon Web Services (AWS) on Thursday said it is committing up to USD 100 million in cloud credits over the next five years to help eligible educational institutions and underserved students worldwide develop and scale digital learning solutions. The programme, a part of AWS Education Equity Initiative, will grant recipients cloud credits, which function similarly to cash, allowing organisations to reduce their expenses when utilising AWS's cloud services. "At AWS, we are committed to levelling the playing field in education, ensuring learners from underrepresented and underserved communities have equal access to transformative learning opportunities. That's why AWS is committing up to USD 100 million in cloud credits over the next five years to help qualifying education organisations around the world build or scale digital learning solutions as part of the AWS Education Equity Initiative," a company blog said. With these credits, recipients can leverage AWS's comprehensive portfoli

IMDb's top star of 2024: Tripti Dimri, Ishan Khatter beat Bollywood icons

The rise of new-age talent with Tripti Dimri leading the pack, followed by Ishan Khatter and Sharvari, showcases how emerging talents are rewriting entertainment rankings

Amazon announces 'Nova' family of foundation models amid generative AI wave

Amazon on Tuesday announced a new generation of foundation models at AWS' annual showcase re:Invent, as Amazon CEO Andy Jassy took to the stage to spotlight the "explosion" of generative AI and the tech giant's bold bets. Amazon Web Services (AWS) is the cloud computing arm of Amazon. The new set of AI foundation models are called 'Nova'. Amazon Nova Micro, Amazon Nova Lite, and Amazon Nova Pro are generally available today, while Amazon Nova Premier will be available in the Q1 2025 timeframe. "...We have continued to work on our own frontier models and those frontier models made a tremendous amount of progress over the last 4-5 months. And we figured if we were finding value out of them, you would probably find value out of them...so I am excited to share and announce the launch of Amazon Nova which are new state-of-the-art foundation models...," Jassy said at AWS' annual flagship event re:Invent. Amazon Nova Micro is a "laser-fast" and cost-effective text-to-text model, while ...

Amazon under fire in India: Unsafe warehouse, unrealistic targets exposed

A media report based on RTI findings and court records reveals safety lapses, forced break bans, and unrealistic targets at the Amazon's Manesar warehouse, with workers alleging harsh conditions

Amazon workers in India join protest for better wages, working conditions

The protests come at a time when Amazon India has announced its inaugural Black Friday event, running from November 29 to December 2

Amazon's maiden Black Friday Sale in India to kick off from November 29

Amazon said that brands like Apple, Samsung, Sony, LG and more are participating in its first Black Friday sale in India

NCLAT dismisses petition seeking insolvency against Amazon Wholesale

The National Company Law Appellate Tribunal (NCLAT) has set aside a petition seeking to initiate insolvency proceedings against Amazon Wholesale (India). A three-member NCLAT bench upheld the order passed by the National Company Law Tribunal (NCLT), which had in March this year dismissed the insolvency plea filed by Multiplier Brand Solutions. Multiplier Brand Solutions had filed the plea under Section 9 of the Insolvency & Bankruptcy Code. It had alleged a default of Rs 3.7 crore for eight invoices raised between March 2023 and May 2023. However, rejecting it, NCLAT said the "claim of Appellant for payment of invoices which are the subject matter of Section 9 Application was disputed much before Demand Notice was issued". The appellate tribunal further said: "The adjudicating authority (NCLT) has not committed any error in refusing to initiate CIRP, there being pre-existing dispute which is reflected with the correspondence which took place between the parties much prior to ...

Amazon scam: Karnataka HC rejects plea to quash FIR in Rs 69 lakh case

The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh. Justice M Nagaprasanna described the case as an example of modern age crime. The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside. The duo was booked in 2017 after an Amazon employee uncovered their alleged fraudulent activities, which had reportedly been going on for years. According to the complaint, Bose would order high-end products from Amazon using his bank account, have them delivered to Ghosh's address, and request a return within 24 hours. After obtaining a refund, Bose allegedly used to replace the genuine items with cheap imitations, re-packed them, and send them back to Amazon. The prosecution stated that the return addresses were sometimes linked to Ghosh's residence, while other times they were associated wi

Amazon doubles down on AI startup Anthropic with $4 billion investment

The e-commerce company's increased investment in Anthropic underscores the billions of dollars funneled into AI startups over the past year

EU to investigate Amazon next year, its share price drops by 3% post report

Amazon could face a substantial fine of up to 10 per cent of its annual global revenue if it is found guilty of breaching the European Union's Digital Markets Act

Jeff Bezos hits back at Musk in sniping over Tesla, SpaceX holdings

It's the latest tit-for-tat between the world's two richest individuals, whose businesses compete in the commercial space industry

Amazon likely to face investigation under EU tech rules next year

The timing and decision on whether to go ahead with an investigation will be taken by incoming EU antitrust chief Teresa Ribera in the coming months,

Amazon expands cross-border logistics programme; launches export navigator

E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad. The company also announced the launch of Export Navigator -- a one-stop dashboard to assist sellers with all compliance requirements related to overseas shipment. "Amazon has expanded its flagship cross-border logistics programme, Amazon Global Selling SEND, with the addition of three new carriers on air and ocean lanes from India to the US, the UK, and Germany. "Additionally, to enable a cheap and bulk storage facility for Indian exporters, SEND is now integrated with Amazon Warehousing and Distribution (AWD), a low-cost bulk storage solution that helps sellers with more efficient inventory deployment and distribution," a company statement said. Through SEND, Amazon said, Indian exporters will be able to access cross-border logistics from various third-party providers for shipping goods t

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

Amazon shifts to new office near Bengaluru airport in cost-cutting move

Amazon currently occupies almost 500,000 sq ft of office space at the World Trade Centre (WTC), a 30-floor building owned by Brigade Enterprises Limited

ED shifts focus to Amazon and Flipkart ties with preferred sellers

Under India's FDI rules, e-commerce platforms are prohibited from exercising control over vendors and are required to operate solely as neutral intermediaries

CCI seeks SC intervention to streamline Amazon, Flipkart antitrust cases

As multiple high court cases delay its probe, the CCI now considers a Supreme Court petition to merge antitrust cases against Amazon, Flipkart, and certain other platform sellers

Amazon launches facility in Bengaluru to train school students in tech

Initiative in AI, robotics aims to have 4,000 'young innovators' by next year

Swiggy recruits senior leadership from Flipkart, Amazon amid expansion bid

Swiggy is set to debut on the Indian stock exchanges on Wednesday, marking a milestone in the next phase of the company. The company launched its high-profile initial public offering last week