Amazon founder Jeff Bezos, the richest person on the planet, said Thursday he was creating a philanthropic fund to help homeless families and launch preschools in low-income communities, committing an initial USD 2 billion to the cause. Bezos made the announcement on Twitter a year after asking for ideas on how he could use his personal fortune — now estimated at more than USD 160 billion — for charitable efforts.

Schools, hospitals and governments have quickly embraced Amazon.com Inc. as a go-to source for supplies, propelling the company’s three-year-old business platform into a $10 billion annual enterprise. Its success may soon provide as much revenue as the Amazon Web Services cloud-computing division and its digital-advertising services.

Amazon.com Inc. has filed for a series of trademarks that suggest the company is planning to roll out more clothing brands, part of its bid to become a bigger fashion destination. Over the past few weeks, the e-commerce giant has filed U.S. trademark applications for eight apparel lines, including ones aimed at outerwear and children’s gear.

The two big e-commerce players — Amazon and Flipkart — together are expected to clock gross merchandise value (GMV) ranging between $2.5-3 billion during the five-day festive season sale this year, RedSeer Consulting has estimated in its latest report. This is a jump of almost 67-100% in GMV against a similar period last year, when they together had clocked a GMV of $1.5 billion.

Refunds due to as many as 1,500 Amazon customers have been siphoned off by hackers, according to a legal complaint filed by the e-commerce giant. The incident came to light after the legal cell of Amazon filed a complaint in Lucknow yesterday. Based on the complaint, an FIR was lodged against unknown hackers at Vibhuti Khand police station. Notably, many customers had initially complained that refunds were not being credited to their bank accounts.

Amazon.com Inc on Tuesday became the second US company to reach $1 trillion in stock market value, just weeks after Apple Inc hit the same milestone on Aug 2.

Shares in the world's largest online retailer last traded up 1.4 per cent at $2,041.68. Its shares hit the $2050.2677 level to give its stock a value of $1 trillion.

Only 10 per cent of India's 1.3 billion people know English. Yet most of the country's e-commerce services have been offered only in English, closing off online shopping to the vast majority of people here.

Now Amazon is aiming to break through that language barrier. The e-commerce giant on Tuesday offered a hearty “namaste” to this country’s half a billion Hindi speakers by making its local website and apps available in India’s most popular language.

E-Commerce giant Amazon today said its over 14,000 assisted online shopping service points, internally codenamed ‘Project Udaan’ till now,will be branded as’Amazon Easy’by the middle of 2019, a senior company official said today. “Starting withover200stores across the Krishna, West Godavari, East Godavari, Warangal, Nalgonda and Guntur districts in Andhra Pradesh and Telangana

The head of Amazon India's business has reportedly asked his employees to get a life - quite literally. In an email, which was leaked and accessed by news agency Bloomberg, Amit Agarwal has told his team to stop responding to emails or work calls between 6 pm and 8 am.

US technology giants plan to intensify lobbying efforts against stringent Indian data localisation requirements, which they say will undermine their growth ambitions in India, sources told Reuters.

US trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India's push to store data locally.

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