Jeff Bezos

Amazon will invest another USD 3 bn in India: Jeff Bezos

Washington, June 8 : The US-based global e-commerce major Amazon.com had pledged another USD 3 billion investment in India as it bets big on the USD 14 billion e-retail space in the country that's projected to grow to USD 55 billion by 2018.

"We have already created some 45,000 jobs in India and continue to see huge potential in the Indian economy," said Jeff Bezos, Founder and CEO of Amazon.com at an gala hosted by the US-India Business council for visiting Indian Prime Minister Narendra Modi here.

"Our Amazon.in team is surpassing even our most ambitious planned milestones, and I'm pleased to announce today that we'll invest an additional $3 billion on top of the $2 billion that we announced in 2014, bringing our total investment in India to over $5 billion."

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Amazon CEO sees 'huge potential' in India, to pour additional $3 billion investment

Washington D. C., June 8 : Amazon Inc Chief Executive Jeff Bezos on Tuesday said his company would invest an additional $3 billion to expand its business in India, taking the leading online retailer's net investment in the country to over $5 billion.

Bezos said at the U. S.-India Business Council's Leadership Summit in Washington, where Indian Prime Minister Narendra Modi interacted with the executives from the U. S. companies. Prime Minister Modi also presented Global Leadership Awards to Bezos and Sun Pharmaceutical Industries promoter Dilip Shangvhi.

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Amazon's Jeff Bezos named best-performing CEO in the world

Amazon's Jeff Bezos named best-performing CEO in the worldWashington, Oct 27 - The November issue of the Harvard Business Review revealed that Amazon's Jeff Bezos is the best-performing CEO in the world. Despite the latest bad news, the venerable magazine stands by that assessment.

The Harvard Business Review compiled its list of top CEOs by comparing shareholder returns for SandP Global 1200 companies from each executive's first day in office until April 30 of this year. Bezos won by a wide margin.

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Amazon CEO gets soaked in ice bucket, dares star trek actors next

Amazon CEO gets soaked in ice bucket, dares star trek actors nextWashington, Aug 16 : Amazon CEO Jeff Bezos

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Amazon plans doorstep delivery by drones

Amazon plans doorstep delivery by dronesWashington, Dec 4 - If Amazon founder and CEO Jeff Bezos has his way, instead of bombs, unmanned drones may soon be delivering from books to medicines to essential supplies at one's doorstep at the click of a button.

Bezos revealed the giant online store's plans Sunday for a drone-based delivery service called Prime Air that would bring customers within a 10 mile radius, items weighing up to five pounds only a half-hour after they click the "buy" button.

"I know this looks like science fiction, it's not," he said on CBS News' "60 Minutes", adding that "It will work, and it will happen, and it's gonna be a lot of fun."

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Amazon working on 'drone-based' Prime Air delivery service

Amazon working on 'drone-based' Prime Air delivery serviceWashington, Dec. 2 - Amazon is reportedly developing a ' drone-based' delivery service, the online store's founder Jeff Bezos has announced.

The service called Prime Air would be able to get customers their products in half-hour after they click the 'buy' button.

According to HUffington Post, Bezos' estimated that the service would be available to customers within 4 to 5 years.

The founder and CEO said that the drones will be capable of delivering items up to 5 pounds in weight, which account for 86 percent of the items that Amazon delivers.

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Amazon's Jeff Bezos to buy Washington Post

Amazon's Jeff Bezos to buy Washington PostWashington, Aug 6 - Amazon. com founder Jeff Bezos will buy the Washington Post for $250 million, the newspaper announced Monday.

Amazon will have no role in the acquisition and Bezos will become the sole proprietor of the Post when the sale is completed, probably within 60 days.

The transaction was kept secret until Monday.

"The Post could have survived under the company's ownership and been profitable for the foreseeable future," Washington Post Company chairman Donald Graham said. "But we wanted to do more than survive. I'm not saying this guarantees success but it gives us a much greater chance of success."

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Amazon introduces new Kindle e-reader, HD tablet

Amazon introduces new Kindle e-reader, HD tabletSan Francisco, Sep 7 - Online retail giant Amazon Thursday introduced a new suite of its Kindle devices, from e-reader Kindle Paperwhite with front-lit display to 8.9-inch Kindle Fire HD tablet computer.

Kindle Paperwhite is a black-and-white e-reader with a front-lit display. The redesigned screen allows users to read easier in the dark and offers more contrast as well as brightness, reported Xinhua.

The Paperwhite technology enables the new Kindle to have as much as eight weeks of battery life, making the device highly power-efficient.

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