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The Curious Case Of Amazon: $800 Bn Valuation, $11.2 Bn Profit And Whopping $0 Tax

Amazon profit and tax 2018
Amazon.com Inc. (NASDAQ:AMZN) is currently valued at $800 billion - the third most valued tech firm, trailing behind only Microsoft and Apple - the two tech behemoths.Jeff Bezos, CEO and Founder - Amazon.com, toppled Bill Gates, Founder of Microsoft, to become the richest person alive on this planet last year.To top it all, the company further reported a U.S....

Amazon Under Fire For The New Step Introduced To Verify Sellers

Amazon collecting face data
Amazon.com might be experimenting with a new seller verification programme which requires sellers wishing to register across its site to record a five-second video of their face.The rumours first surfaced when a Vietnam based retailer who wished to remain anonymous shows how we were ‘forced’ by the online retailing giant to share a video of his face while signing...

Walmart May Exit Flipkart Amid New FDI Rules: Morgan Stanley

The new Foreign Direct Investment (FDI) rules which kicked in on February 1, 2019, have come as a huge jolt for the ambitious US-based retailer Walmart.The behemoth had decided to join the huge Indian e-commerce feast barely a year ago by paying an astoundingly huge $16 billion to acquire a 77% stake in the Indian retail juggernaut Flipkart. Walmart May...

Amazon, Flipkart Sales Down By A Third, Lost $50 Bln In Three Days

The new FDI policy which kicked in on Feb 01, 2019 has applied brakes on the Indian e-commerce juggernaut spearheaded by Amazon and Flipkart.Since the new FDI rules came into place three days ago, sales at Amazon and Flipkart have already dipped by nearly 30%. Together, the two have reportedly lost more than $50 billion in market cap. While...

Happy Birthday Donald Katz: The Entrepreneur Who Made Fortunes from Audio Books

Donald R Katz
Next time when you put on your headphones and listen to your favourite book, don't forget to remember Donald Katz.Decorated with many distinguishable awards for his book writing, Donald R Katz is the founder of Audible (NASDAQ: ABBL). This company has attracted the attention of several Silicon Valley honchos including Steve Jobs and Jeff Bezos. The effect of listening lights up the emotive...

With New eCommerce Platform Mukesh Ambani Locks Horns With Flipkart And Amazon

India's the largest business group, Reliance Industries (NSE: RELIANCE) is all set to lock horns with Flipkart and Amazon with soon-to-be-launched a new age eStore! Aimed at bolstering the small retailers, this business is against the "data colonisation" by foreign businesses, as stated by Mukesh Ambani.Reliance Industries has aced well in the retail business. The kind which goes on to...

Netflix, Hotstar Join But Amazon Rejects: The Curious Case Of Self-Regulation in India

netflix hotstar self regulation
With more and more film-makers and producers joining the digital bandwagon, rolling down the web route, creative freedom has certainly gone way off the hook, for some! Maybe that's the reason there has been this snap call for attention towards the whole buzz around "self-regulation"!The Internet and Mobile Association of India (IAMAI) released its OTT self-regulation document called Code of...

Revised Foreign Investment Policies May Hit The India E-tail Like Tons Of Bricks! [REPORT]

With India e-tail market bowled over with new foreign investment policies, brick and mortar retailers can be high on the hog! Apparently, CRISIL noted that with revised restrictions over equity ownerships in sellers, the supply chain needs to be altered in case of e-retailers. On a completely dramatic turn of events, this change in the e-retailing supply chain can...

Google Assistant vs Alexa: The Battle Of 100 Million Devices

Google Assistant vs Alexa
Regardless of the fact that voice assistants have been around for some time, it is only now that the people are truly starting to accept them. Interestingly, despite growth in adoption rate, there are only two major players in this market space - Amazon Alexa and the Google Assistant. And both of them showing signs of expanding consumer base...

Flipkart’s Overall Loss Up By 70% In FY18 Amid To Ongoing Spending War

Flipkart revenue loss
Flipkart India, the wholesale entity of the country’s largest online retailer is being given a raw deal! With a loss that accounts to a staggering nine-fold, the retailing giant owned by US-based Walmart Inc., had a tough financial year.According to regulatory filings of the two main entities that control the India business i.e., Flipkart India and Flipkart Internet, the...

Microsoft Outdistances Amazon To Reign as the Second Most Valuable Company In The US!

most valuable company in the US
As the world's top companies have started announcing their financial results for Q3 2018, their quarterly performance has directly impacted their ranking. Apple Inc. (NASDAQ: AAPL) continues to reign as the most valuable company in the US. However, looks like someone else has positioned itself as the novel No. 2 in the town and it's none other than Microsoft Corporation (NASDAQ: MSFT)! Most Valuable...

Flipkart And Amazon To Sell Smartphones Worth $850 Million In Just Five Days

India Online Smartphone Sales
It's raining discounts by Flipkart and Amazon India and smartphone shoppers are going to make the most of it!The smartphone sales during ongoing Big Billion Days sales and Great Indian Festival is expected to set a new record during this festive month. Smartphones worth $1 billion would be sold during this five-day festive season and Flipkart and Amazon would...

Amazon Great Indian Festival Offers: Free Screen Replacement For Smartphones And Much More

Amazon Great Indian Festival Offers
Amazon's Great Indian Festival is around the corner, and the company is leaving no stone unturned to make it more adorable. The company has announced a fleet of offers to woo online shoppers during the Great Indian Festival. Besides discount offers on smartphones, the best one if the free screen replacement for smartphones online shoppers would buy from Amazon India...

Amazon Could Unveil Eight New Devices At A Mysterious Event Today

Amazon event
Amazon.com, Inc. (NASDAQ: AMZN) is generally known for not following the footmarks of Apple, Google and Samsung when it comes to announcing new product lines. This year, however, the company has planned to detour from the conventional way to releasing new products, and that's why there is enough of buzz about the Amazon event scheduled for today.While it is not...

Amazon Hindi Website Aims To Woo The Next Hundred Million Customers in India

Amazon Hindi website
The celebrated eCommerce Giant, Amazon India, today rolled out its first-ever service in Hindi, zeroing in on the next 100 million consumers in the Indian eCommerce space!As of now, this service is available on Android OS and it is yet to be rolled out on other Apple devices and desktops. This announcement comes ahead of the peak sales season,...

Will The “More” Of Amazon Flip The Equations Of Retail Industry In India?

amazon to acquire more
Amazon.com (NASDAQ:AMZN) is leaving no stone unturned to hold up its presence in the grocery and food market, against rival retail strategies.According to recent reports, the Indian arm of Global retail leviathan, Amazon India is sizing up a stake in Aditya Birla’s retail chain of stores, namely 'More'. If reports are to be believed, Amazon, in a close collaboration with Goldman Sachs...

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