Amazon reported improved earnings on Thursday, raking in over $3 billion from 2018, but a large portion of this has come through its cloud computing arm, AWS. The leading cloud provider’s profits grew 45% year on year, continuing an annual trend of growing by at least 40% each year. The cloud division has become crucial […]

Finance Minister Piyush Goyal said India’s digital infrastructure and economy of 2030 will be built on the work done in digitisation of government processes and private transactions. Goyal said it is government’s vision to create a Digital India that reaches all sectors of the economy, all parts of the country and impacts lives of all […]

If you are looking to buy Amazon‘s Echo range of speakers in India, you may have to wait for about 15-30 days. The devices, which weren’t available on Amazon.in until the early hours of Friday, is now available through sellers such as Hariom Communication LLP and 4 U Marketing, signaling a restructuring of seller entities […]

State Bank of India (SBI), the country’s biggest lender, said that the data of its customers are safe and that it is continuing to probe the systems for a potential breach of security after a Techcrunch report on data compromise at the bank. “Basis our initial probe, we hereby confirm that SBI’s data continue to […]

Jeff Bezos is planning to use short-form content for Amazon Prime users to take on biggies like YouTube and Facebook. Two persons with knowledge of the development told ET that Amazon is planning to put up under-15-minute videos like music videos, trailers, comedy and how-to videos on its platform. “The success of YouTube lies in […]

Nearly three years after Cyrus Mistry’s failed attempt to list Tata Sky through an IPO, the company’s financial investors are looking to monetise their investments through a stake sale. The Singapore government’s investment firm Temasek Holdings and Tata Opportunities Fund, which together control 19% of the DTH satellite TV distributor, have initiated a formal process […]

MakeMyTrip, the country’s biggest online travel aggregator (OTA), plans to opt out of the government scheme on accreditation of OTAs and bed-and-breakfast establishments, stating that it is a technology platform which cannot be assessed for the quality of service of inventory offered on the portal. The tourism ministry had in December issued a set of […]

India’s new e-commerce FDI norms will impact Amazon‘s price, selection and convenience for both customers and sellers in India, chief financial officer Brian Olsavsky said during the company’s earnings call on Friday. “There is much uncertainty as to what the impact of the government rule changes is going to have on the e-commerce sector (in […]

India’s new e-commerce FDI norms will impact Amazon‘s price, selection and convenience for both customers and sellers in India, chief financial officer Brian Olsavsky said during the company’s earnings call on Friday. “There is much uncertainty as to what the impact of the government rule changes is going to have on the e-commerce sector (in […]

An Asian internet lobby group, whose members include Alphabet’s Google and Facebook , on Thursday criticised India’s plans to regulate social media content. The proposal drafted by India’s technology ministry in December would compel Facebook, WhatsApp and Twitter to remove within 24 hours content deemed to be unlawful, including anything affecting the “sovereignty and integrity […]