MEET BERNARD ARNAULT: THE RICHEST MAN IN THE WORLD

Highlights

• In last couple of months, Arnault spent nearly $538 million in order to purchase shares of his own French label brand managed by him and his family

• Arnault’s net worth went up also because of a deal completed by Louis Vuitton in January, where th...

AMAZON WORKERS START VOTING TO DECIDE FATE OF US UNION

Highlights

• If majority is in the favour of this move, this would lay foundation of one of the biggest union in the United States at the company, which is second-biggest employer here

• Ever since the pandemic started wreaking havoc across the country, there have be...

NEW AMAZON CEO ANDY JASSY HAS BIG PLANS FOR AMAZON INDIA

HIGHLIGHTS

• Jeff Bezos has resigned as Amazon CEO.
• Andy Jassy is the new Amazon CEO.
• There are speculations about Andy Jassy having big plans for Amazon India.

With Jeff Bezo resigning as Amazon Chief Executive Officer (CEO...

US STOCKS SURGE OVER REPORTS OF STRONG EARNING AND HIRING DATA

Highlights

• Wall Street stocks were primarily boosted by the results announced by Alphabet and e-commerce giant Amazon as both the companies continued making profits despite the COVID-19 pandemic

• According to the data released by payroll firm ADP, the United State...

NOT JEFF BEZOS, BUT ELON MUSK IS NOW THE RICHEST MAN ON PLANET

Highlights

• Report states thanks to the surge in Tesla shares on Thursday, Musk's net worth went up to over $188.5 billion, which is $1.5 billion more than Bezos

• In last one year, Musk's networth skyrocketed from $27 billion to $188.5 billion, courtesy of ...

AMAZON WOULD SPEND $2 BILLION TO CREATE AFFORDABLE HOMES IN U.S.

Highlights

• Amazon said it plans to create at least 20,000 affordable housing units in Puget Sound area of Washington State, Tennessee's Nashville and Virginia’s Arlington

• The company said majority of Amazon's investment will be through low-cost loan...

MACKENZIE SCOTT GIVES AWAY MORE THAN $4 BILLION IN 4 MONTHS

Highlights

• According to the Bloomberg Billionaires Index, the wealth of Mackenzie Scott surged $23.6 billion this year to $60.7 billion courtesy of Amazon's stock going up

• Scott in her latest blog post said she had asked her team to figure out how to give awa...

NOT BILL GATES, BUT ELON MUSK IS THE SECOND RICHEST MAN ON THE PLANET

Highlights

• The net worth of Musk jumped $7.2 billion on Monday to $127.9 courtesy of yet another surge in price of Tesla’s shares

• Musk's advancement in terms of wealth is majorly driven by Tesla, whose market value is speedily inching towards the $500 b...

EVERYTHING ABOUT AMAZON PHARMACY, THE NEWEST MEDICATIONS ORDERING SERVICE IN THE MARKET

Highlights

• With the help of a secure pharmacy profile, the customers will be able to manage prescriptions, add their insurance information and select their favorite payment options in this newly launched Amazon Pharmacy

• Amazon had acquired the prescription medici...

US AMAZON USERS WILL BE PAID FOR SHARING PURCHASE RECEIPTS FROM NON-AMAZON STORES

Highlights

• Amazon has announced a new programme that will pay participants for sharing their purchase receipts from non-Amazon stores and for taking short surveys

• Amazon has said that it will immediately delete any sensitive information, such as prescription info...

U.S.: NEARLY 20,000 AMAZON WORKERS TEST COVID POSITIVE

Highlights

• As per its analysis, the rate of infection among 1.4 million workers at Amazon and its Whole Foods subsidiary was 42 percent lower than rate expected based on the broader US population said Amazon

• World’s biggest e-commerce company owned by world...

U.S. MARKETS CONTINUE TO SUFFER: Dow SLUMPS 600 POINTS, NASDAQ AT 11,147.95

Highlights

• The markets in the country will stay closed on Monday in observance of the Labor Day

• The Nasdaq Composite Index was under tremendous selling pressure in a highly volatile trading session

• According to the reports, world’s 10 riche...

MACKENZIE SCOTT: EX WIFE OF JEFF BEZOS IS NOW THE WEALTHIEST WOMAN ON THE PLANET

Highlights

• At the time of divorce from Amazon founder Jeff Bezos, Mackenzie Scott had received a stake of 4 percent in Amazon

• As per the data, the net worth of Mackenzie Scott is currently pegged at $67.4 billion

• In the period of COVID-19 lockdow...

SHARES OF ZOOM SURGE 26%: CEO ERIC YUAN GETS RICHER BY $4.2 BILLION

Eric Yuan, Chief Executive Officer of Zoom Video Communications might be one of the happiest man on this planet today. The reason behind his happiness is the shares of his virtual-meeting company jumping 26 percent to $410 in late U.S. trading that made him $4.2 billion richer. The shares of Zoom...

AMAZON PLANNING TO BUY 9.9% STAKE IN RELIANCE JioMart: REPORT

Highlights

• JioMart, the newest e-commerce venture of RIL will definitely give strong competition to Amazon.in and Salary’s Flipkart claim market experts

• As per the reports, Amazon intends to own a preferred, strategic stake for JioMart

• Reli...

RELIANCE ALL SET TO TAKE OVER KISHORE BIYANI'S FUTURE GROUP

Highlights

• RIL wants to complete this deal before its AGM on July 15

• Jeff Bezos' Amazon intended to acquire Kishore Biyani led Future Group, but RIL offered thorough solution to the company’s debt issues

• Future Group's Future Retail...

AMAZON TO TEST ALL ITS WORKERS ONCE IN EVERY 2 WEEKS: WILL INVEST $4 MILLION

Highlights:

• Amazon CEO’s commitment to getting every worker in Amazon tested is being planned and ramped up
• Investments into Amazon’s Covid response is in line too

When the pandemic forced shuttering down of businesses, online businesses ...

‘AMAZON FOOD' THE NEWEST ONLINE FOOD DELIVERY SERVICE IN INDIA

Highlights

• Amazon India’s app is showing that the service is live in selected areas in the Bengaluru

• Amazon has partnered with Box8, Faasos, Mad Over Donuts, Paradise Biryani and Fresh Menu

• Amazon Food aims at contactless delivery from hygi...

NEW YORK: AMAZON WORKER DIES OF CORONAVIRUS

Highlights

• Amazon has been continuously providing it’s services as it was classified as an essential service

• Company claims no other employee at the fulfillment center has showcased any symptoms of COVID-19

• Amazon is planning to build a tes...

NEW YORK: AMAZON FOUNDER JEFF BEZOS BUYS AN APARTMENT WORTH $16 MILLION

Founder CEO of world’s largest online retail platform Amazon, Mr Jeff Bezos has bought an apartment in the city of New York, which is worth $16 million and exactly adjacent to property which he owns.
In the previous year, Amazon CEO had purchased a penthouse and two apartments in a b...