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Amazon is reportedly in talks to acquire BigBasket

16 Jun

By Jeet Suthar, The Tech Portal

Earlier, we reported that hyperlocal delivery service providers BigBasket and Grofers are in talks for a potential merger. Now, in a major turn of events, reports suggest that Amazon India is in talks with BigBasket for an acquisition. (more…)

Amazon to Create More Than 1,500 Jobs at Fulfillment Center in North Haven

15 Jun

Amazon has announced plans for a new 855,000-square-foot fulfillment center in North Haven, Conn. The new site will create more than 1,500 new, full-time jobs with opportunities for employees to engage with advanced robotics. The company currently has facilities in Wallingford and Windsor. (more…)

Apple and Amazon to ‘chip in funds’ with Foxconn to buy Toshiba’s memory business

7 Jun

By Anmol Sachdeva, The Tech Portal

Toshiba’s financial troubles have pushed the technology giant to offload its NAND memory business to a third-party, even when it’s facing some amount of retaliation from its widely-known partner Western Digital (WD). The front runners for the acquisition of the complete (or majority stake) in the said division are Foxconn, Broadcom, and several others. This has driven the bid value to as high as $28 billion, as compared to the division’s $18 billion valuation. (more…)

Amazon becomes second company whose shares break $1000 mark

2 Jun

By Ashvita Anand, The Tech Portal

On 30 May, Amazon.com hit the $1,000 mark, becoming only the second of current S&P 500 stocks to do so. It went ahead of Alphabet, Google’s parent which was also aiming for the same and made a huge hit in large-cap technology-related stocks. (more…)

Is This the Upcoming Amazon Echo Successor with a Built-In Display?

9 May

By Mudit Mohilay, The Tech Portal

There have been rumors that Amazon has been busy attempting to give its Echo, a display as well. Well, they were strengthened lately as a strange device was spotted on Amazon’s own network very recently. The device is pretty alien and we certainly haven’t seen it anywhere before. Could it perhaps be the elusive, Echo-with-display? (more…)

Jeff Bezos Hints at Continuous Investments in Amazon India

2 May

By Jeet Suthar, The Tech Portal

Just yesterday, Amazon reported that its quarterly earnings had managed to blast past Wall Street expectations. And now, Jeff Bezos, the founder and CEO of global e-commerce giant Amazon, had said that Amazon India is the most popular online marketplace in the country. His remarks during post-quarter results announcement signals at his intent to continue investment in the India operations to take the top spot. (more…)

Amazon India Is Steadily Tightening Its Grip over Flipkart in terms of Mobile Traffic

20 Apr

By Simran Agarwal, The Tech Portal

We are all aware that Amazon is constantly pushing its boundaries to increase consumer engagement in India. The e-commerce giant is giving a tough competition to homegrown e-tailers — Flipkart, Snapdeal, and others by flagging its name in every revenue-potential field. Even the official data now stand in support of these facts, which suggest that Amazon is closing the gap in terms of mobile traffic in India, which plays a vital role in the success of any e-commerce website. (more…)

Amazon Web Services Announces the Opening of Data Centers in Sweden in 2018

7 Apr

Amazon Web Services, Inc, an Amazon.com company, has announced that it plans to open an infrastructure region in Sweden in 2018. (more…)

Amazon Explores Opening Augmented Reality-Equipped Physical Furniture Stores

29 Mar

By Anmol Sachdeva, The Tech Portal

Amazon is steadily looking to integrate technology into most of its experiences, the latest being augmented reality-equipped physical stores. (more…)

Amazon to Invest $500 Million in India’s Food Retail Market

27 Mar

By Simran Agarwal, The Tech Portal

Witnessing the billion dollar funding of arch-rival Flipkart and weighing its future growth prospects with e-bay acquisition, Amazon India has now come up with fresh plans. The U.S. e-commerce major intends to invest about $500 million in country’s food retail space along with kicking off several brick and mortar stores in India. The company approached food processing minister Harsimrat Kaur Badal on Thursday to discuss its ideas and strategies. (more…)