Amazon to test chopper-plane mashup for drone deliveries
Posted on 6th June 2019 |
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Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months. The new device takes off vertically, then tilts to fly horizontally like a plane. It also features artificial intelligence, using a suite of sensors the company said will allow it to fly robotically without threatening traditional aircraft or people on the ground. |
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Amazon entering wireless mobile business would be ‘economically insane’, says analyst
Posted on 3rd June 2019 |
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Amazon.com Inc. is famous for its appetite for entering new markets. But a report that it’s considering a foray into the wireless industry was a bridge too far for one Wall Street analyst. The world’s largest online retailer is interested in purchasing prepaid wireless phone service Boost Mobile from Sprint Corp. and T-Mobile US Inc., Reuters said late Thursday, citing people familiar with the matter. |
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Amazon focuses on small cities to win grocery battle; expands service to 110 cities
Posted on 30th May 2019 |
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E-commerce major Amazon India on Thursday said it has expanded its grocery service Pantry to 110 cities in the country as it deepens focus on the category to drive further growth in business. Amazon competes with newly minted unicorn BigBasket, Grofers, and Flipkart’s Supermart. Amazon’s has enhanced its focus on grocery segment as “consumables is a fast-growing category for Amazon. |
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Amazon to soon have its own presence on Internet with ‘.amazon’ domain
Posted on 21st May 2019 |
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E-commerce giant Amazon was on its way to running its own online neighbourhood Monday after the internet’s address keeper granted the “.amazon” domain to the company. After waiting in vain for years for the US online retail colossus and an alliance of South American countries to resolve their battle over the right to web addresses ending with “.amazon,” the Internet Corporation for Assigned Names and Numbers (ICANN) this month sided with the Seattle-based company. |
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Amazon's $575 mn investment delivers a $1 bn blow to food delivery sector
Posted on 20th May 2019 |
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In a market that took a breather after China played hardball on trade and talks on Brexit hit a dead-end, one sector got hot again: food delivery. But Amazon’s decision to take the lead in a $575 million funding round in British startup Deliveroo wasn’t welcomed by all investors. |
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Cops file complaint against Amazon for ‘hurting sentiments’
Posted on 18th May 2019 |
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Noida: Noida Police on Friday registered a case against e-commerce giant Amazon for allegedly hurting "Hindu sentiments" after rugs and toilet seat covers with pictures of Hindu gods were available for sale on its US website. An online campaign to "boycott Amazon" was initiated by several social media users Thursday over the issue, with an Amazon spokesperson saying all sellers must follow the company's selling guidelines and those who do not comply will be subject to action, including potential removal of their account. |
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Buffett's Berkshire unveils USD 861 million Amazon stake
Posted on 16th May 2019 |
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Warren Buffett’s Berkshire Hathaway Inc said it owned USD 860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos. The size of the investment was disclosed in a regulatory filing detailing Berkshire’s US-listed stocks as of March 31. |
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DNA Money Edit: How a giant firm boosts entrepreneurs
Posted on 15th May 2019 |
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The move by the global retail giant Amazon to allow its employees leave their job and start a complementary delivery business to support the company will go a long way in spawning entrepreneurship. The Seattle-based Amazon, which is striving to ensure faster delivery of packages, is helping its employees start smaller business units delivering goods. The plan is to build an exclusive network of such units to crunch the delivery time for its customers. |
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Amazon rolls out machines that pack orders and replace jobs
Posted on 14th May 2019 |
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San Francisco: Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years, which scans goods coming down a conveyor belt and envelopes them seconds later in boxes custom-built for each item, two people who worked on the project told Reuters. |
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Amazon introduces new machines that pack orders and replace jobs
Posted on 13th May 2019 |
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Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years, which scans goods coming down a conveyor belt and envelopes them seconds later in boxes custom-built for each item, two people who worked on the project told Reuters. |
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