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Future Retail challenges Amazon in court over Reliance deal

Reuters, New Delhi Photo: Collected Amazon is locked in a bitter legal dispute with Future Group, which in August sold its retail assets to Mukesh Ambani-led Reliance Industries Ltd Future Retail has challenged its partner Inc in a New Delhi court to stop interfering in its $3.4 billion asset sale deal,

Amazon unveils payment by hand-waving

WASHINGTON (AFP) Amazon on Tuesday unveiled a new biometric payment system using palm recognition, to be made available to rival retailers and also promoted as a replacement for badge entry at stadiums or workplaces. The system called Amazon One was touted as “a fast, convenient, contactless way for people to use

Amazon to pay more than $1.2 billion for Zoox

Amazon will pay more than $1.2 billion to acquire Zoox, the Foster City, California, self-driving technology company, reports the Financial Times (FT). While the purchase could fuel Amazon’s delivery fleet, a source familiar with the deal told the newspaper it could signal the eCommerce giant’s entry into ride-hailing. The source said Amazon

Seven life lessons from Jack Ma

Never short of wildly successful ideas, Jack Ma is the founder and CEO of Alibaba Group. It is a group of Internet-based businesses that retail in products and services all over the world. Jack overcame tremendous odds to build his e-commerce empire. He endured a poor upbringing in communist China.

Amazon Scales Down India Investment

US e-commerce giant Amazon has this year scaled down its investment in India, and this has evoked a wider debate over India as an investment destination with top politicians of both the countries joining in. This financial year Amazon has so far invested only 28 billion rupees (US$ 394 million) in


Synchrony Financial and Amazon are associating on a credit card for those who might not have good enough credit to acquire one otherwise. Amazon is paving a way to acquire its rewards credit card in the hands of more people. It permits people eventually to “graduate” to another Amazon Store card