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President Joe Biden speaks at a FEMA Covid-19 mass vaccination site at NRG Stadium, Friday(AP Photo)

President Biden defends Amazon workers' right to unionize

Reuters, Washington
UPDATED ON MAR 01, 2021 10:19 AM IST
  • "Unions lift up workers, both union and non-union, but especially Black and Brown workers," Joe Biden said in a video uploaded on Twitter.
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FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo(REUTERS)
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid/File Photo(REUTERS)

Amazon documents reveal secret strategy to dodge India's regulators: Report

Reuters
UPDATED ON FEB 18, 2021 11:34 AM IST
  • Amazon favoured big sellers on its India platform – and used them to manoeuvre around rules meant to protect the country's small retailers from getting crushed by e-commerce giants, internal documents show. As one presentation urged: “Test the Boundaries of what is allowed by law.”
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The investigation by the attorney general in New York has grown, looking into whether Amazon unlawfully fired or disciplined employees who reported perceived safety concerns. (Photo by Kena Betancur / AFP)(AFP)
The investigation by the attorney general in New York has grown, looking into whether Amazon unlawfully fired or disciplined employees who reported perceived safety concerns. (Photo by Kena Betancur / AFP)(AFP)

New York sues Amazon over 'flagrant disregard' of worker safety during pandemic

AP
PUBLISHED ON FEB 17, 2021 09:43 PM IST
  • In the suit filed late Tuesday, New York claims Amazon showed a “flagrant disregard for health and safety requirements” and retaliated illegally against employees who raised alarms.
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Andy Jassy joined Amazon in 1997, after attending Harvard Business School REUTERS/Mike Blake/File Photo(REUTERS)
Andy Jassy joined Amazon in 1997, after attending Harvard Business School REUTERS/Mike Blake/File Photo(REUTERS)

Amazon’s incoming CEO Andy Jassy ushered in cloud computing boom

Bloomberg
PUBLISHED ON FEB 03, 2021 08:40 PM IST
Andy Jassy has led AWS since before the launch of its first major services in 2006. Cloud computing was not a natural area for Amazon, then almost exclusively an online retail company.
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Future Group Founder and CEO Kishore Biyani does not expect any hurdle after the order of the Delhi High Court which has directed the regulators to take an independent call on the issue.(Hemant Mishra/Mint)
Future Group Founder and CEO Kishore Biyani does not expect any hurdle after the order of the Delhi High Court which has directed the regulators to take an independent call on the issue.(Hemant Mishra/Mint)

Amazon-Future tussle: Here's all you need to know

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON FEB 03, 2021 07:26 PM IST
Future Group approached the Delhi high court to pass an injunction order against Amazon that been trying hard to block the deal.
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Jeff Bezos announced n Tuesday that he will step down as Amazon CEO.(Reuters File Photo)
Jeff Bezos announced n Tuesday that he will step down as Amazon CEO.(Reuters File Photo)

What Jeff Bezos was doing before he launched Amazon

By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 03, 2021 07:56 AM IST
Jeff Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University.
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FILE PHOTO: Andy Jassy, CEO Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake/File Photo(REUTERS)
FILE PHOTO: Andy Jassy, CEO Amazon Web Services, speaks at the WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake/File Photo(REUTERS)

Meet Andy Jassy who will replace Jeff Bezos as Amazon CEO

Reuters
UPDATED ON FEB 03, 2021 07:52 AM IST
Jassy joined Amazon in 1997 and has a MBA from Harvard Business School.
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"Right now I see Amazon at its most inventive ever, making it an optimal time for this transition," Bezos said.(AFP)
"Right now I see Amazon at its most inventive ever, making it an optimal time for this transition," Bezos said.(AFP)

Amazon founder Jeff Bezos to step down from company's CEO role this year

AFP
UPDATED ON FEB 03, 2021 03:09 AM IST
The announcement came as Amazon reported a blowout holiday quarter with profits more than doubling to $7.2 billion and revenue jumping 44 percent to $125.6 billion.
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Mackenzie Scott's Amazon stake acquired in her divorce settlement is estimated at some $58 billion.(AP file photo)
Mackenzie Scott's Amazon stake acquired in her divorce settlement is estimated at some $58 billion.(AP file photo)

MacKenzie Scott shakes up philanthropy, with Amazon billions

AFP
PUBLISHED ON JAN 31, 2021 01:00 PM IST
Scott unlocked a staggering sum of nearly $6 billion in charitable gifts last year.
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Space X's Falcon 9 rocket lifts off from space launch complex 39A at Kennedy Space Centre, Florida. (AFP Photo)
Space X's Falcon 9 rocket lifts off from space launch complex 39A at Kennedy Space Centre, Florida. (AFP Photo)

First private space crew paying $55M each to fly to station on a SpaceX rocket

AP, Cape Canaveral
PUBLISHED ON JAN 26, 2021 11:01 PM IST
  • The first crew will spend eight days at the space station, and will take one or two days to get there aboard a SpaceX Dragon capsule following liftoff from Cape Canaveral. Each of these first paying customers intends to perform science research in orbit.
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Founder, chairman, CEO and president of Amazon Jeff Bezos(Reuters File Photo )
Founder, chairman, CEO and president of Amazon Jeff Bezos(Reuters File Photo )

Billionaires thriving as poor suffer in widening Covid-19 divide: Report

Reuters, London
PUBLISHED ON JAN 25, 2021 06:24 AM IST
Nations have a "shrinking window of opportunity" to build a fair, green recovery, according to "The Inequality Virus" report.
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SpaceX owner and Tesla CEO Elon Musk.(AP)
SpaceX owner and Tesla CEO Elon Musk.(AP)

‘How strange’, says Elon Musk as he becomes world’s richest person

By hindustantimes.com | Edited by Shivani Kumar | Hindustan Times, New Delhi
UPDATED ON JAN 08, 2021 02:11 PM IST
Musk is known for his witty, sometimes controversial tweets which has often made the headlines. In May this year, Tesla lost $14 million in valuation hours Musk tweeted, “Tesla stock price is too high imo”.
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CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York.(Reuters/ File photo)
CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York.(Reuters/ File photo)

Tesla CEO Elon Musk overtakes Amazon’s Bezos to become world’s richest person

By Bloomberg | Posted by Mallika Soni | New York
UPDATED ON JAN 07, 2021 09:32 PM IST
Elon Musk had a net worth of more than $188.5 billion, $1.5 billion more than Bezos$1.5 billion more than Bezos.
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Despite his astronomical gains, Elon Musk has said he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX(AP)
Despite his astronomical gains, Elon Musk has said he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX(AP)

Elon Musk close to surpassing Jeff Bezos as world’s richest person

By Bloomberg | Posted by Ayshee Bhaduri
PUBLISHED ON JAN 07, 2021 12:08 PM IST
A 2.8% rally in the electric carmaker’s share price Wednesday boosted Musk to within $3 billion of Amazon.com Inc. founder Jeff Bezos, who currently occupies the top spot on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people.
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The investments have been made even though most of the Amazon’s business units in India registered losses during the fiscal. In picture - Amazon founder and chief executive officer Jeff Bezos during his India visit.(Bloomberg)
The investments have been made even though most of the Amazon’s business units in India registered losses during the fiscal. In picture - Amazon founder and chief executive officer Jeff Bezos during his India visit.(Bloomberg)

Amazon invests Rs 11,400 crore in India in FY20

By Press Trust of India | Posted by Srivatsan K C | New Delhi
PUBLISHED ON DEC 29, 2020 04:16 PM IST
Data analysis from regulatory filings by various Amazon entities showed that Amazon Seller Services, Amazon Wholesale (India), Amazon Pay (India) and Amazon Transportation Services saw their losses adding up to Rs 7,899 crore in FY20 as against a loss of Rs 7,014.5 crore in the preceding fiscal.
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Jeff Bezos, president and CEO of Amazon, and Mukesh Ambani, Chairman and Managing Director of Reliance Industries, are seen in this combination photo.(REUTERS)
Jeff Bezos, president and CEO of Amazon, and Mukesh Ambani, Chairman and Managing Director of Reliance Industries, are seen in this combination photo.(REUTERS)

In India’s retail, a battle of the billionaires

By Livemint | Livemint, New Delhi
UPDATED ON DEC 23, 2020 04:54 AM IST
The battle for dominance in one of the fastest-growing major retail markets is being fought on the ground in India and the courts in Singapore and New Delhi.
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Acquiring Future’s assets would give it unparalleled edge over rivals -- an advantage Amazon is not willing to cede.(Reuters file photo)
Acquiring Future’s assets would give it unparalleled edge over rivals -- an advantage Amazon is not willing to cede.(Reuters file photo)

Amazon can ask regulators to block deal with Future Group, says Delhi HC

By Bloomberg | Posted by Deepali Sharma
PUBLISHED ON DEC 21, 2020 03:16 PM IST
The legal spat has drawn the battle lines between two of the world’s richest men, Jeff Bezos and Ambani, as they fight to control India’s estimated $1 trillion retail market.
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CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York.(Reuters)
CEO of Tesla Motors Elon Musk poses during a television interview after his company's initial public offering at the NASDAQ market in New York.(Reuters)

Elon Musk adds $9 billion to fortune as Tesla set to join S&P 500

By Bloomberg| Posted by Mallika Soni
PUBLISHED ON DEC 19, 2020 06:14 AM IST
The 49 year-old entrepreneur has added $139.7 billion this year, an amount that exceeds the total net worth of anyone else on the planet other than Amazon.com Inc. founder Jeff Bezos. Bezos, for now, tops the wealth index with $187.3 billion.
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Scott said she enlisted a team of advisors that helped identify 384 organizations across the US that support people suffering from the economic toll of the pandemic.(AP file photo)
Scott said she enlisted a team of advisors that helped identify 384 organizations across the US that support people suffering from the economic toll of the pandemic.(AP file photo)

Jeff Bezos’ ex-wife MacKenzie Scott gives $4.2 bn to help the vulnerable amid Covid crisis

By Agence France-Presse| Posted by: Harshit Sabarwal | San Francisco
UPDATED ON DEC 16, 2020 03:32 PM IST
Scott, who formerly went by the name MacKenzie Bezos, last year signed a “giving pledge” to donate the bulk of her wealth to charity.
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Founder, Chairman, CEO and President of Amazon Jeff Bezos at the launch of space company Blue Origin's space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington, US on May 9, 2019.(Reuters File Photo)
Founder, Chairman, CEO and President of Amazon Jeff Bezos at the launch of space company Blue Origin's space exploration lunar lander rocket called Blue Moon during an unveiling event in Washington, US on May 9, 2019.(Reuters File Photo)

Jeff Bezos says Blue Origin will take the first woman to moon’s surface

By Reuters | Posted by Kanishka Sarkar | Reuters
PUBLISHED ON DEC 06, 2020 08:56 AM IST
The BE-7 engine, which Blue Origin has been developing for years, has tallied 1,245 seconds of test-fire time and will power the company’s National Team Human Landing System lunar lander.
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The image shows a screenshot from the video shared by Jeff Bezos.(Instagram/@jeffbezos)
The image shows a screenshot from the video shared by Jeff Bezos.(Instagram/@jeffbezos)

‘This engine will take first woman to Moon’, posts Jeff Bezos. Shares video

By Trisha Sengupta | Hindustan Times, New Delhi
UPDATED ON DEC 05, 2020 01:35 AM IST
“Awesome,” wrote an Instagram user on the video shared by Jeff Bezos on Instagram.
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The announcement comes amid a global campaign #MakeAmazonPay, which alleges that the e-commerce giant made big profits, but at a huge cost to workers and the planet(AFP)
The announcement comes amid a global campaign #MakeAmazonPay, which alleges that the e-commerce giant made big profits, but at a huge cost to workers and the planet(AFP)

Amazon offers ‘special recognition bonus’ to employees

By Press Trust of India | Posted by Ayshee Bhaduri | New Delhi
PUBLISHED ON NOV 30, 2020 07:43 PM IST
In a blogpost, Amazon Worldwide Operations Senior Vice President Dave Clark said India operations employees who were employed by the company from October 16-November 13 will qualify for a bonus of Rs 6,300 for full-time employees and Rs 3,150 for part-time employees.
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A woman shops inside the Big Bazaar retail store in Mumbai.(REUTERS)
A woman shops inside the Big Bazaar retail store in Mumbai.(REUTERS)

Jeff Bezos, Mukesh Ambani and the battle for India’s retail supremacy

By Reuters | Posted by Shankhyaneel Sarkar | Bengaluru
UPDATED ON NOV 28, 2020 09:58 PM IST
Accusations of insider trading and contractual breaches, as well as nationalistic cries to keep the US giant at bay, mark the high-stakes fight, which has snowballed from what began as a dispute between Amazon and Future.
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“The strength of Amazon’s (and others’) supply chain is central to the success of red-letter retail days like Black Friday,” a letter by the industry bodies said.(Reuters File Photo)
“The strength of Amazon’s (and others’) supply chain is central to the success of red-letter retail days like Black Friday,” a letter by the industry bodies said.(Reuters File Photo)

Amazon founder Jeff Bezos called upon to save thousands of stranded sea farers

By Bloomberg | Posted by Srivatsan K C
PUBLISHED ON NOV 26, 2020 03:25 PM IST
Industry bodies including the International Chamber of Shipping wrote an open letter urging Bezos to exert pressure on the incoming Biden administration and other leaders to recognize seafarers as key workers.
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Elon Musk wears a protective mask as he arrives to attend a meeting with the leadership of the conservative CDU/CSU parliamentary group in Berlin.(Reuters Photo)
Elon Musk wears a protective mask as he arrives to attend a meeting with the leadership of the conservative CDU/CSU parliamentary group in Berlin.(Reuters Photo)

Elon Musk overtakes Bill Gates to grab world’s second-richest ranking

By Bloomberg | Posted by Kanishka Sarkar
UPDATED ON NOV 24, 2020 01:10 PM IST
Musk’s milestone marks only the second time in the index’s eight-year history that Microsoft Corp. co-founder Gates has ranked lower than number two.
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Amazon has also purchased 100,000 electric delivery vehicles and invested USD 100 million into reforestation projects and “climate mitigation solutions”, CNN further reported.(REUTERS)
Amazon has also purchased 100,000 electric delivery vehicles and invested USD 100 million into reforestation projects and “climate mitigation solutions”, CNN further reported.(REUTERS)

Jeff Bezos announces USD 791 million in grants to 16 groups fighting climate change: Report

By Asian News International| Posted by Susmita Pakrasi | Washington
PUBLISHED ON NOV 17, 2020 02:03 PM IST
The news comes one year after Amazon announced “The Climate Pledge”, which is the company’s commitment to be 100 per cent powered by renewable energy by 2025 and be net-zero carbon by 2040
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Jeff Bezos went public last year with what he said was an extortion attempt by the National Enquirer(Reuters)
Jeff Bezos went public last year with what he said was an extortion attempt by the National Enquirer(Reuters)

Jeff Bezos beats defamation lawsuit brought by Gloria Sanchez’s brother

By Bloomberg | Posted by Ayshee Bhaduri
UPDATED ON NOV 07, 2020 01:43 PM IST
Michael Sanchez claimed that Bezos and his security consultant, Gavin de Becker, told journalists that he had been the source of the leaked photos, defaming him and causing him emotional distress, Court rules Sanchez’s claims relied on hearsay
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World’s wealthiest person and Amazon founder-CEO Jeff Bezos (REUTERS/Lindsey Wasson/File Photo)
World’s wealthiest person and Amazon founder-CEO Jeff Bezos (REUTERS/Lindsey Wasson/File Photo)

Jeff Bezos, Mukesh Ambani in battle over Future Group

By Bloomberg | Posted by Karan Manral
UPDATED ON NOV 03, 2020 01:35 PM IST
Jeff Bezos-led Amazon Inc is trying to block Mukesh Ambani-led Reliance Industries’ $3.4 billion acquisition of India’s debt-laden local retailer Future Group. While Bezos is the world’s wealthiest person, Ambani occupies the sixth spot.
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It costs as little as $90 million to fly Musk’s massive but still less-powerful Falcon Heavy(Reuters photo)
It costs as little as $90 million to fly Musk’s massive but still less-powerful Falcon Heavy(Reuters photo)

Why NASA’s moonshot, Boeing, Bezos and Elon Musk have a lot riding on the US presidential election

By Reuters | Posted by Ayshee Bhaduri | Washington
UPDATED ON OCT 30, 2020 05:57 PM IST
Boeing and SpaceX are already supplying spacecraft to ferry astronauts to the ISS under a program that began under the Obama administration and supported by both Trump and Biden.
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The assets of the debt-laden Future group, which include the popular Big Bazaar supermarket chain, are the bone of contention between the two billionaires.(REUTERS)
The assets of the debt-laden Future group, which include the popular Big Bazaar supermarket chain, are the bone of contention between the two billionaires.(REUTERS)

Future, RIL to fight arbitration verdict

By Anirudh Laskar | Hindustan Times, Mumbai
UPDATED ON OCT 27, 2020 04:00 AM IST
The investment gave Amazon a 5% indirect stake in Future Retail Ltd. The non-compete clause in the agreement restricted FCPL and its promoters from forging any alliance with RIL, among 30 other entities.
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