Senior officials from Amazon's local unit in Bhind, Madhya Pradesh, have been charged with narcotics offenses in a case of alleged marijuana smuggling, days after summons were filed against them. Dr. Narottam Mishra, the Home Minister of Madhya Pradesh, has ordered the online retailer to comply, warning if not done, action will be taken. According to reports, 1,000 kg of marijuana worth $148,000 (Rs 1,09,98,005.80) was sold through an… read-more
In a bizarre incident, Mithun Babu from Kerala's Wayanad received an original passport with his order of a 'passport cover' by Amazon. The incident happened on November 1. Babu contacted the customer care of Amazon but didn't get the solution. Eventually, he ''surrendered the passport'' to the police. Reportedly, the company sent the passport of its last customer who had mistakenly returned it with his order from Thrissur.
Courtesy: Zee News
Amazon Inc's aim to make one-day delivery common for Prime members has been hindered by labor shortages, delaying the company's quest to entrench its e-commerce leadership and driving up prices ahead of the crucial Holiday season. During the fourth quarter, Amazon expects to spend an extra $4 billion on wages and related costs. Hiring warehouse employees and drivers have been difficult due to pandemic-related shortages.
Blue Origin, owned by Jeff Bezos unveiled plans to develop a commercial space station in the name of "Orbital Reef", collaborating with Boing, which will be used as a business park, opening new markets in space. The venture will be seen partnering with America's Private defence contractors Sierra Nevada Corp, and Arizona University. Notably, Blue Origin completed its first space tourism flight in July, sitting Bezos and three others.
Twitch, Amazon's live-streaming e-sports network, announced a data-breach on October 6 without releasing additional specifics. An unidentified hacker alleged to have leaked Twitch data, which included details of the company's source code, clients, and upcoming games. According to a source, the hacker's goal was to "foster more disruption and competition in the online video-streaming space." Approximately 125GB of data was exposed, including… read-more
The Biden administration is organizing a conference on quantum technology on October 5, Amazon, Google, and Microsoft are likely to attend. The event will be hosted by White House Office of Science and Technology Policy and will focus on key applications of quantum computing. The administration of President Joe Biden is particularly concerned about the national-security implications of quantum technology, which offers the potential to quickly… read-more
Courtesy: Deccan Herald
Reliance Retail Ventures Limited (RRVL) has officially extended its deadline by 6 months to figure out the nitty gritties of its ₹24,713 crore deal with Future Group. In August 2020, RRVL committed that it would buy out all retail and wholesale business, and the logistics and warehousing business in due time before September 2021. However, due to the future group's ongoing case with Amazon, the deadline has been pushed to March 2022.
Amazon's Jeff Bezos and Starlink's Elon Musk are in separate talks with India’s Department of Telecom and Department of Space to allow them to start satellite-based internet connectivity services. Musk's Starlink has appointed Sanjay Bhargava as India's director. They are set to give Sunil Mittal and Mukesh Ambani tough competition. Besides, Musk also tweeted, ''Just figuring out the regulatory approval process.'' Elon Musk, Jeff Bezos Plans… read-more
Courtesy: The Times of India
Chinese smartphone brand Xiaomi launched its 'Xiaomi 11 Lite 5G NE' in India on September 29. The phone comes with a 64-megapixel front and 20-megapixel selfie camera, a 6.55-inch full-HD+ display, a 33W charger to power a 4,250 mAh battery. It's powered by Snapdragon 778G SoC and runs on Android 11. The price for the base variant of the phone, 8G RAM + 128GB storage, starts from 26,999.
Courtesy: NDTV Gadgets 360
As per the final placement report of IIM Ahmedabad on September 27, all 137 students from the one-year full-time Postgraduate Programme in Management for Executives (PGMX) have successfully been placed. Around 120 firms from across the sectors participated in the placement and IT firms were the largest recruiters. The roles offered varied from CEOs to Heads of departments. The top recruiters for 2021 are Google, Microsoft, Amazon, MIT Group… read-more