Tag: Amazon

Amazon to Buy PillPack in Potentially Disruptive Drug Retail Push

Amazon.com said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. The deal’s potential to disrupt major players across the drug supply chain nationwide prompted a sell-off in shares of possible rivals, while sending Amazon […]

OnePlus 6 Marvel Avengers Limited Edition Goes on Sale in India Today: Where to Buy, Price, Offers, and More

OnePlus 6 Marvel Avengers Limited Edition model with custom design from the hit Avengers franchise goes on sale in India today. For fans of the hit Marvel series, the new OnePlus 6 Marvel Avengers Limited Edition handset has the Avengers’ insignia on the back, a carbon fibre texture below the rear glass casing, and the Alert Slider […]

Amazon Urged Not to Sell Facial Recognition Tool to Police

Amazon’s decision to market a powerful face recognition tool to police is alarming privacy advocates, who say the tech giant’s reach could vastly accelerate a dystopian future in which camera-equipped officers can identify and track people in real time, whether they’re involved in crimes or not. It’s not clear how many law enforcement agencies have purchased […]

SoftBank Says Selling Its Entire Flipkart Stake to Walmart

SoftBank Group said on Wednesday it is selling its roughly 20 percent stake in Indian e-commerce firm Flipkart to Walmart. Walmart said earlier this month it will pay $16 billion (roughly Rs. 1.1 lakh crores) for a roughly 77 percent stake in Flipkart, the US retailer’s largest-ever deal. A SoftBank spokesman declined to give further details. SoftBank CEO Masayoshi Son said earlier […]

Amazon Eyes Latin America Expansion, Opens Argentina Office

Amazon.com aims to expand cloud computing operations in Latin America, a company executive said on Monday, after its Amazon Web Services unit opened an office in Buenos Aires last month. That added to Amazon offices in Brazil, Chile, Colombia and Mexico, Teresa Carlson, Amazon Web Services vice president, worldwide public sector, said at a conference. “We have to […]

Amazon India Valued at $16 Billion, Has 30 Percent Market Share: Citi Research

While we are yet to see the impact of Walmart on Flipkart, but Citi Research claims its arch rival Amazon India is worth $16 billion (approximately Rs. 1.09 lakh crores). This is the same amount Walmart has agreed to pay to acquire a 77 percent stake in Flipkart. However, Amazon India has 30 percent market share despite the lower estimated valuation, […]

Amazon Cuts Whole Foods Prices for Prime Members in New Grocery Showdown

Amazon.com and Whole Foods Market are making a surgical strike in the already brutal grocery price war. On Wednesday, Whole Foods debuted a much-anticipated loyalty program that offers special discounts to Prime customers, including 10 percent off hundreds of sale items and rotating weekly specials such as $10 (roughly Rs. 670) per pound off wild-caught halibut […]

Amazon Said to Be Working on Robots for Your Home

Ten years ago, Amazon introduced the Kindle and established the appeal of reading on a digital device. Four years ago, Jeff Bezos and company rolled out the Echo, prompting millions of people to start talking to a computer. Now Amazon.com is working on another big bet: robots for the home. The retail and cloud computing giant has embarked on an ambitious, top-secret […]

Amazon India to Double Down on Groceries, Foray Deeper Into Fresh Produce

Amazon.com expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce. Amit Agarwal, the India head of Amazon, said in an interview on Friday that groceries and goods such […]