India plans foreign investment rule changes that could hit Amazon
The government discussions coincide with a growing number of complaints from India's brick-and-mortar retailers, which have for years accused Amazon and Walmart Inc-controlled Flipkart of creating complex structures to bypass federal rules, allegations the U.S. companies deny.
Amazon faces class-action lawsuit over eBook pricing
The lawsuit alleges that Amazon and the five largest U.S. publishers, collectively calle...
Amazon to remove QAnon products from platform after US Capitol siege
The action by Amazon follows a decision to stop hosting the web content ...
Kishore Biyani sees quick nod for Future's $3.4 billion deal with Mukesh Ambani despite Amazon dispute
Future and Amazon are at loggerheads over the Indian group's August deal with Reliance Industries Ltd. The U.S. giant alleges the deal breached some of its pre-existing contracts with Future.
Elon Musk close to surpassing Bezos as world’s richest person
Musk’s net worth was $184.5 billion at 11:40am in New York, just shy of Bezos, who has held the top spot since October 2017.
Apple hits record after December surge sends it past Amazon
Wall Street has grown increasingly bullish on Apple’s prospects in the coming year with analysts projecting that a recovering economy will fuel even more demand for iPhones, wearables such as Airpods and services
Stock-picking hedge funds land investors double-digit gains in 2020
Hedge funds, which aim to protect assets in market downturns and have faced criticism for many years for high fees and lacklustre returns, in 2020 showed a divergence in performance.
Amazon to face U.S. union push in year ahead
A major test is expected early next year when workers at one warehouse decide whether to unionize. The company has not faced a union election in the United States since 2014, and a "yes" vote would be the first ever for a U.S. Amazon facility.
Musk adds $9 billion to fortune as Tesla set to join S&P 500
A late jump in Tesla’s share price pushed Musk’s net worth up almost $9 billion to $167.3 billion, according to the Bloomberg Billionaires Index.
Google hit with third lawsuit as U.S. states sue over search monopoly
The states are asking for their lawsuit to be consolidated with one filed by the Justice Department in October, according to a statement from the Colorado attorney general's office.
In the midst of Reliance takeover, Future Group sees long-term senior executives quit
In August, Reliance announced that it would acquire the nation’s second largest retail enterprise, Future Group, for Rs 24,713 crore in a deal that would give it control over more than a third of India’s $80 billion annual organised retailing business.
Walmart axes $35 delivery minimum on website purchases for membership program
Walmart Plus, touted as a rival to Amazon.com Inc's Prime subscription service, was launched just over two months ago aiming to attract new customers and make existing ones more loyal as consumers consolidate their shopping to just a few retailers due to the COVID-19 pandemic.
Amazon says sellers racked up $4.8 billion in global sales from Black Friday to Cyber Monday
More than 71,000 small- and medium-sized businesses worldwide have surpassed $100,000 in sales this holiday season to date.
Abu Dhabi's Mubadala in advanced talks to invest up to $1 billion in Reliance Retail
While one source said Mubadala "is ready with" $1 billion for Reliance Retail and doing due diligence, a second source said the talks were at an advanced stage and said the investment could be anywhere between $500 million and $1 billion.
Indian government’s version of Amazon.com helps it save $1 billion
The Government e-Marketplace is also being used to keep Chinese companies away from government contracts after tensions between the neighbours intensified earlier this year amid border clashes. Suppliers must note the country of origin for any goods they sell on GeM, which helps government departments implement Modi govt’s “Make in India” policy.