Page 6 - Amazon

'Amazon Biz customer base up at annual 111% rate in 6 yrs, 65% via phones'

Customer base of Amazon Business has expanded at a compounded annual growth rate of 111 per cent in the country in the last six years, a top company official said on Tuesday. Director of Amazon Business Mitranjan Bhaduri told reporters here that 65 per cent of overall orders on Amazon Business are now received through mobile phones. The customer base of the platform (Amazon Business) across India has increased at a CAGR of 111 per cent in the last six years, Bhaduri said. Amazon Business, the B2B online wholesale market started in 2017, is completing seven years in India, he said.. Bhaduri said that Amazon Business has witnessed significant growth outside metro areas, particularly in Bhopal, where it has seen a 2.4-times year-over-year (YoY) increase in new customers. He said that a study reveals strong consumer enthusiasm for online festive shopping. In the study, 89 per cent of respondents expressed their excitement for the upcoming festivities with 71 per cent indicating that

Intel's Amazon chip deal lifts investor confidence in money-losing unit

Intel's stock has plunged nearly 60 per cent this year and has lagged chip firms, including Nvidia and TSMC, as it missed out on an AI-driven boom in chip demand

Intel foundry business to make custom chip for Amazon; shares jump 8%

Until Amazon, Intel has struggled to find marquee customers that it could discuss publicly

E-commerce firms Flipkart, Amazon to host flagship sales from September 27

Flipkart has launched 11 new fulfilment centres (FCs) across nine cities in the run-up to TBBD, bringing the total number of FCs in India to 83

CCI finds Samsung, Xiaomi colluding with Amazon, Flipkart: Report

Antitrust investigations conducted by the Competition Commission of India (CCI) have found that Amazon and Flipkart violated local competition laws by giving preference to select sellers

CAIT demands immediate enforcement of e-comm laws on Amazon and Flipkart

CCI launched its investigation into Amazon and Flipkart in 2020 for allegedly pushing select sellers to the top of search results, while sidelining others

Trade groups call for Amazon, Flipkart suspension over antitrust breaches

Indian antitrust investigation reports have found Amazon and Flipkart violated local competition laws by giving preference to select sellers and priority to certain listings, hurting competition

Amazon boosts pay for subcontracted delivery drivers amid union pressure

Amazon is giving another pay boost to its subcontracted delivery drivers in the U.S. amid growing union pressure. Drivers who work with Amazon's Delivery Service Partners, or DSPs, will earn an average of nearly $22 per hour, a 7% bump from the previous average of $20.50, the company said Thursday. The increase in wages is part of a new $2.1 billion investment the online retailer is making in the delivery program. Amazon doesn't directly employ drivers but relies on thousands of third-party businesses that deliver millions of customer packages every day. The company also gave a pay bump to U.S. drivers last year. Last week, it also said it would increase wages for front-line workers in the United Kingdom by 9.8% or more. Amazon said the DSP program has created 390,000 driving jobs since 2018 and its total investments of $12 billion since then will help with safety programs and provide incentives for participating businesses. U.S. labor regulators are putting more scrutiny on Amazo

CCI investigation finds Amazon, Walmart's Flipkart breached antitrust laws

The Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements

Amid drought in Brazil, wildfires rage, Amazon level falls to record low

Brazil is enduring its worst drought since nationwide measurements began over seven decades ago, with 59% of the country under stress an area roughly half the size of the U.S. Major Amazon basin rivers are registering historic lows, and uncontrolled manmade wildfires have ravaged protected areas and spread smoke over a vast expanse, plummeting air quality. This is the first time that a drought has covered all the way from the North to the country's Southeast, Ana Paula Cunha, a researcher at the National Center for Monitoring and Early Warning of Natural Disasters, said in a statement Thursday. It is the most intense and widespread drought in history. Smoke on Monday afternoon caused Sao Paulo, a metropolitan area of 21 million people, to breathe the second most polluted air in the world after Lahore, Pakistan, according to data gathered by IQAir, a Swiss air technology company. About 1,100 kilometers (683 miles) to the north, a wildfire is sweeping through Chapada dos Veadeiros .

Audible to begin generating AI voice replicas of select audiobook narrators

Last year, Amazon began offering US-based, self-published authors who make their books available on the Kindle Store the option of having their works narrated by a generic "virtual voice"

Amazon says exports from India-based sellers to cross $5 bn in 2024

Such items are usually easy to post directly to customers abroad and less affected by import taxes than costlier products

Amazon challenges US labour board's structure in lawsuit over election

The labor board last week upheld the results of the election, rejecting Amazon's claims that it was tainted by demonstrations held by workers and union organizers

From Google to Amazon, TN turns top AI destination for global majors

The global giant Google is betting big on the state for a long-term play in AI, as the Tamil Nadu AI Labs by the company is set to be on track soon

Amazon turns to Anthropic's Claude for conversational AI-powered Alexa

Amazon reportedly plans to charge for the upgraded version of Alexa as it will use generative AI to answer queries while offering the standard version for free

Best of BS opinion: Tax-reform dilemmas, ring-fencing a challenge

Here is the best of Business Standard's opinion pieces for today

Will world's largest online retailer Amazon ever be Apple of India's eye?

Why can't Jeff Bezos buy any love in India?

BlackRock to initiate auction for Amazon aggregator once valued at $1 bn

An advertisement published Friday in the Börsen-Zeitung newspaper stated that the auction for the L Catterton-backed firm has been scheduled for Sept. 17 at a Berlin hotel

Amazon gears up for quick commerce entry in India, eyes 2025 rollout

Amazon is set to enter the quick commerce arena in India with a planned rollout in the first quarter of 2025, aiming to capitalise on the booming sector that Flipkart recently tapped into

Tech wrap Aug 27: Apple event on Sep 9, YouTube Premium, Xiaomi TVs, more

Apple schedules It's Glowtime event for September 9. YouTube increases prices of premium subscription plans in India. Xiaomi launches X Pro QLED series TVs