Free Press Journal
  • Amazon

    Amazon and Samara Capital invest in ‘more’ owner Witzig

    New Delhi: US online retail giant Amazon and Samara Capital have jointly invested in Witzig Advisory Services Pvt Ltd (WASPL), the entity that has recently announced the acquisition of Aditya Birla Retail’s ‘more’ chain of stores in India. “Amazon and Samara Capital have agreed to co-invest in a facilities support and management and value added services company called WASPL…Both Samara and Amazon see significant growth potential in the area of facilities support

  • Samara-Amazon group adds More to cart for Rs 4.2K cr 

    New Delhi : Private equity fund Samara Capital and online retail behemoth Amazon on Wednesday signed a deal to acquire Aditya Birla Group’s food and grocery retail chain More for an enterprise value of Rs 4,200 crore.

  • Amazon Pay to acquire Tapzo for $40 mn

    New Delhi : Amazon Pay, the payments arm of Amazon India, will acquire Sequoia-backed Tapzo as the e-commerce giant looks to strengthen its play in the country’s growing digital payments space.

  • Ad firms suffer as Google, Facebook dominate digital dollars: Report

    New York: The dominance of Google and Facebook of digital advertising has led to the number of independent and smaller ad tech companies falling 21 per cent since 2013 to 185 in the second quarter of 2018, the media reported. According to a report in The New York Times on Sunday, venture capital money going into ad-tech start-ups is falling sharply.

  • E-commerce, social media companies may have to store data locally

    The government is also thinking of tightening scrutiny of mergers in the e-commerce sector so that even small deals that potentially distort competition are compulsorily examined by the anti-trust regulator

  • Amazon post record $2.5 billion profit on AWS Cloud, advertising growth

    Seattle: Riding on its AWS Cloud and advertising growth, Amazon posted a record profit of $2.5 billion in the second quarter of 2018 — an impressive jump from the $197 million it posted in the same period last year. Revenue grew 39 per cent year-over-year to $52.89 per cent while operating cash flow increased 22 per cent to $21.8 billion.

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    I’m not rigid, but open to life: Actress Chitrangada Singh

    Mumbai: She had no plans to enter Bollywood but made her debut in 2003 with Sudhir Mishra’s “Hazaaron Khwaishein Aisi”, and her performance was widely appreciated by critics and audience alike. In hindsight, the actress says her vulnerability worked in her favour, and that she was never rigid about things.

  • Post Amazon Prime day sale, Jeff Bezos net worth crosses $150 billion, becomes richest man in modern history

    With his net worth crossing 150 billion dollars mark, Chief Executive Officer of Amazon Jeff Bezos has become the richest man of modern history.  This was the result of the Amazon Prime day sale, after which the Amazon stock prices witnessed a huge profit. Amazon Prime day was a sale of 36-hour-period offer, during which customers were given a huge discount on various products.

  • Amazon Prime Day sale: Mind blowing deals on smartphones you can’t miss

    In a bid to attract customers, world’s biggest online retail platform Amazon has kick-started its prime day sale. Through the prime day sale, Amazon is targeting customers and offering great offers so as to engage its customers in buying on a large scale.  The biggest attraction is the discounts offered on smartphones.

  • Emmy nominations 2018: “GOT” leads pack with 22 nods, Netflix overtakes HBO

    Los Angeles: The nominations for the 70th Primetime Emmy Awards have been announced with HBO’s hit fantasy show “Game of Thrones” making a comeback and securing a total of 22 nods. The nominations, which were announced by “The Handmaid’s Tale” star Samira Wiley and “The Blacklist” actor Ryan Eggold, also saw actor Sandra Oh securing her maiden for nod lead actress in a drama series for her role in “Killng Eve”. She

  • Amazon CEO Jeff Bezos becomes world’s richest man

    San Francisco: Amazon founder and CEO Jeff Bezos has become the richest man in the world with a net wealth of USD 141.9 billion, the Forbes World’s Billionaires list showed on Monday.

  • Google to invest USD 550 million in China e-commerce giant

    Beijing: Google will invest more than half a billion dollars in China’s second-largest e-commerce company as part of a move to expand retail services around the world, the companies said today. The announcement comes as US giant is pushing Google Shopping, a platform allowing customers to compare prices between different sellers, which poses a challenge to Amazon.

  • Paytm gets $445 mn fund from SoftBank, Alibaba

    New Delhi : Paytm Mall has received the final tranche of its $445 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on giants like Flipkart and Amazon.

  • Amazon may ban shoppers for too many returns

    Washington : Are you in the habit of placing orders on Amazon and returning the items too frequently? You might be risking yourself a ban by the e-commerce giant.

  • Flipkart to ramp up product range, partners for Perfect Homes    

    New Delhi: Flipkart expects its private label ‘Perfect Homes’ to account for almost half its revenues in the furniture category by next March as it expands the product range as also the number of partners under the brand. Flipkart, which is being taken over by Walmart in a USD 16 billion deal, had introduced the furniture brand on its platform last year.

  • Amazon, Google lead global smart speaker market, Apple fourth

    London: Amazon and Google accounted for 70 percent share of the global smart speaker shipments in the first quarter of 2018, with Apple selling 600,000 HomePods in the period, a new report said on Friday.

  • Flipkart Story: Selling books online to dream start-up in 11 years

    New Delhi: From selling books online to striking a jaw-dropping USD 16 billion deal with the world’s largest retailer Walmart, all within 11 years, Flipkart has given India its big start-up success story – the one which is likely to be quoted by starry-eyed entrepreneurs for years to come. Former employees of US e-commerce giant Amazon, Sachin Bansal and Binny Bansal, had met in 2005 at IIT-Delhi.

  • Flipkart co-founder Sachin Bansal to sell entire stake to Walmart

    In a news that would shake up the business world, Flipkart’s co-founder and chairman Sachin Bansal will sell his entire stake to Walmart amidst reports that the US retail giant has almost finalised the much-anticipated deal with the e-commerce company, as per a financial daily.

  • Amazon pumps Rs 2,600 cr into India unit

    New Delhi : US e-tail giant Amazon has infused fresh capital to the tune of Rs 2,600 crore into its India unit, Amazon Seller Services, to strengthen the war-chest of the company against domestic rival Flipkart. The development amid buzz that rival Flipkart is close to sealing a mega deal worth over $12 billion with US based retail giant Walmart.