In its quest to increase net revenues from the global selling programme (GSP) to $ 5 billion by 2023, global e-commerce company Amazon is working closely with the Indian government to solve policy issues.

Apart from focusing on encouraging sellers from India to ship their products to USA, Europe, Japan and other countries, the e-commerce giant is hopeful that some of the recent changes in the country’s approach towards exports will boost GSP.

A closely watched researcher has cut its estimate of Amazon.com Inc.’s share of the U.S. e-commerce market after incorporating new figures from the company. EMarketer Inc., among the most widely cited sources for estimates of U.S. online retail sales, says it now expects Amazon to account for 37.7% of online commerce this year, down from a prior estimate of 47%. The new market share numbers were reported earlier Thursday by the Information.

Amazon.com Inc said on Tuesday it would end its U.S. restaurant food delivery service on June 24, giving in to intense competition from GrubHub Inc, DoorDash, Uber Technologies' Uber Eats services.

"A small fraction of Amazon employees are affected by this decision, and many of those affected have already found new roles at Amazon," the company said in a statement. "Employees will be offered personalized support to find a new role within, or outside of, the company."

London: US retail giant Amazon has moved past hi-tech titans Apple and Google to become the world's most valuable brand, a key survey showed on Tuesday.

The brand value of Amazon surged by 52 per cent to USD 315 billion, global market research agency Kantar said in its 2019 100 Top BrandZ report.

Indian-American activist Priya Sawhney, who interrupted Amazon Founder and CEO Jeff Bezos' on-stage talk, has been arrested on trespassing and burglary charges, according to media reports.

Sawhney, 30, rushed on stage during Amazon's "re:MARS" event here on Thursday and asked Bezos to do something about "chicken farms".

Amazon.com Inc. Chief Executive Officer Jeff Bezos was interrupted by an animal-rights activist who rushed onto the stage where he was being interviewed during a conference in Las Vegas.

A woman raising concerns about conditions inside an Amazon chicken supplier ran on just as Bezos was being interviewed by Jenny Freshwater, who runs forecasting and capacity planning at Amazon.

Amazon.com Inc. has unveiled a revolutionary new drone — part helicopter and part science-fiction aircraft — that the company expects to use for test deliveries of toothpaste and other household goods starting within months.

The new device takes off vertically, then tilts to fly horizontally like a plane. It also features artificial intelligence, using a suite of sensors the company said will allow it to fly robotically without threatening traditional aircraft or people on the ground.

Amazon.com Inc. is famous for its appetite for entering new markets. But a report that it’s considering a foray into the wireless industry was a bridge too far for one Wall Street analyst.

The world’s largest online retailer is interested in purchasing prepaid wireless phone service Boost Mobile from Sprint Corp. and T-Mobile US Inc., Reuters said late Thursday, citing people familiar with the matter.

E-commerce major Amazon India on Thursday said it has expanded its grocery service Pantry to 110 cities in the country as it deepens focus on the category to drive further growth in business. Amazon competes with newly minted unicorn BigBasket, Grofers, and Flipkart’s Supermart.

Amazon’s has enhanced its focus on grocery segment as “consumables is a fast-growing category for Amazon.

E-commerce giant Amazon was on its way to running its own online neighbourhood Monday after the internet’s address keeper granted the “.amazon” domain to the company. After waiting in vain for years for the US online retail colossus and an alliance of South American countries to resolve their battle over the right to web addresses ending with “.amazon,” the Internet Corporation for Assigned Names and Numbers (ICANN) this month sided with the Seattle-based company.

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