Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc .

Amazon rose as much as 4.7 percent, putting its market capitalisation at $865.0 billion. Apple traded up 2.1 percent, giving it a market capitalisation of $864.8 billion.

Future Group founder Kishore Biyani is negotiating an agreement with Amazon that will give the US-based online retailer the option to acquire Biyani in the future, The Economic Times reported last week. The report said the e-commerce giant is in an advanced stage of talks to buy a 9.5% stake in Future Retail Ltd. Amazon has been testing the waters with stakes in smaller offline companies,

Bengaluru: Some analysts have questioned the methodology used by investment bank Barclays to conclude that Amazon India generated significantly higher sales than Flipkart in the last financial year, sparking a fresh debate about who dominates India’s $18 billion online retail market. If the Barclays report is accurate, then Walmart Inc., which agreed to buy a 77% stake in Flipkart for $16 billion in May, may have overpaid for the online retailer, other analysts said.

Five years after setting foot on Indian soil, US online retail giant Amazon has emerged as the leader in the domestic e-commerce market, zipping past homegrown rival Flipkart in gross merchandise value (GMV), or gross sales, on its platform.

Amazon’s India unit clocked gross sales of $7.5 billion in the year ended March 31, 2018, while rival Flipkart’s sales stood at $6.2 billion, according to report by Barclays published on Monday.

US e-commerce leader Amazon's subsidiary, Amazon Web Services (AWS), Monday launched the Cloud-based service, AWS RoboMaker, that will help developers to develop, deploy and test robotics applications.

The new service, which uses the widely deployed open source software Robot Operating System (ROS), serves as a platform to help accelerate the time-consuming robotics development process, Xinhua news agency reported.

This festive season, air purifiers joined mobiles phones and TVs to record high growth among consumer electronics on e-commerce platforms.

Sandeep Karwa, senior director of product and business at Flipkart, said that the platform saw a 400% increase in the units air purifier sold during the festive season this year compared to last year.

Aiming to boost sales in the wake of weaker-than-expected demand for new iPhone models, Apple has sealed a deal with retail giant Amazon to sell its range of products which is a win-win game for both the tech titans, market research firm Counterpoint Research has said.

According to Counterpoint, the move would allow the Cupertino-based giant to better manage pricing, warranties and the overall customer experience.

Mumbai: Global audiobooks market leader Audible launched its first Indian title on Tuesday, marking its formal entry into the country. The audio adaptation of Mafia Queens of Mumbai, a 2011 crime thriller by Hussain Zaidi and Jane Borges, was revealed at Mumbai’s Royal Opera House as a spoken word excerpt performed by actors Rajkummar Rao, Radhika Apte and Kalki Koechlin.

Amazon.com Inc has selected New York City and Northern Virginia as the company’s second and third headquarters, the Wall Street Journal reported.An announcement could come as soon as Tuesday, the newspaper reported, citing unidentified people familiar with the plan. Other cities may get major sites from the company, the newspaper said.

The online fashion space is buzzing at the moment. Alongside vertical players such as Jabong and Myntra, horizontal e-tail platforms — the likes of Flipkart and Amazon — are steadily growing their offerings, be it through private labels or brand partnerships. RedSeer’s latest study estimates that horizontal players roughly contribute to 45% of online fashion e-commerce.

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