Jeff Bezos | Inc founder Jeff Bezos is stepping down as chief executive of the tech company he founded but said the move “isn’t about retiring”. In a note to employees, Bezos said he will stay engaged in Amazon as executive chair, while focusing on other projects.

Jeff Bezos and Mukesh Ambani, two of the world’s richest men, face a turning point in a battle for pre-eminence in India’s booming, nearly trillion-dollar retail market. The outcome of a legal dispute which has embroiled the billionaires’ and Reliance Industries Ltd empires – where a court ruling is imminent – may shape India’s … Continue reading Battle of billionaires: Jeff Bezos, Mukesh Ambani gun for retail supremacy

The world’s richest person is getting richer, even in a pandemic, and perhaps because of it. With consumers stuck at home, they’re relying on Jeff Bezos’s Inc more than ever. The retailer’s stock climbed 5.3% to a record on Tuesday, lifting the founder’s net worth to $138.5 billion.

The last two weeks have been remarkably eventful for Jeff Bezos. First, the Inc co-founder’s visit to India was met with street-side protests, a new anti-trust investigation into “predatory pricing and unfair trade practices” and hostile comments from the government led by Prime Minster Narendra Modi.

Commerce and industry minister Piyush Goyal on Thursday played down the $1 billion investment promised by Amazon boss Jeff Bezos, saying the money was meant to cover the losses that the e-commerce player had notched up in the country and it was not “doing a favour”. He added that e-commerce companies needed to adhere to … Continue reading Goyal: ‘Amazon investing to cover losses, … ‘

Jeff Bezos, the world’s richest man, on Wednesday shared with Indian small and medium businesses his insights on taking risks to start a company, besides talking about his plans for space venture and how Amazon was the best place in the world to fail.

Amazon founder and chief executive Jeff Bezos, who is on a three-day visit to India, said on Wednesday that the e-commerce giant will use its global footprint to export $10 billion worth of ‘Make In India’ goods by 2025. Bezos also stated that Amazon is going to invest $1 billion in digitising the small and … Continue reading Amazon to export $10bn ‘Make In India’ goods by ’25