Future-RIL deal: Amazon gets a favourable ruling in arbitration case
NEW DELHI: Jeff Bezos-led Amazon has won a favourable ruling for its plea in Singapore against Kishore Biyani-headed Future Group striking a deal with Mukesh Ambani-led Reliance Industries Ltd (RIL). Future has been told not to proceed with its sale of shares to RIL till the outcome of the arbitration process, according to the sources. […]
Amazon to invest $1 billion in digitising Indian SMBs: Jeff Bezos
NEW DELHI: Amazon chief Jeff Bezos on Wednesday said the e-commerce major will invest USD 1 billion (over Rs 7,000 crore) in digitising small and medium businesses in India. The company will use its global footprint to export USD 10 billion worth of Make In India goods by 2025, Bezos said at the Amazon SMBhav […]
Jeff Bezos no longer the world’s richest person, here’s the man who dethroned him
Jeff Bezos is about to relinquish the title of world’s richest person as Amazon.com Inc. stock tumbled in late trading Thursday. Shares of the biggest online retailer dropped 8.1% to $1,637 in extended trading at 4:24 p.m. in New York. At that price, Bezos would have a net worth of $102.8 billion, ranking him second, […]