Amazon
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Business
Piyush Goyal Clarifies Government Stance on E-Commerce, Advocates Fair Competition
New Delhi: Commerce and Industry Minister Piyush Goyal, after initially criticising Amazon for its pricing strategies, clarified on Thursday that the government is not against e-commerce but is committed to ensuring fair competition between online and offline markets. Speaking to students at Atharva College in Mumbai, Goyal emphasized that while the government welcomes foreign direct investment (FDI) and technological advancements,…
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Business
Amazon’s Jeff Bezos Sells 24 Million Shares Worth $4 Billion
Jeff Bezos, the executive chair of Amazon and multi-billionaire, has recently sold over $4 billion worth of Amazon shares, totaling 24 million shares this month. This follows the company’s earlier announcement that Bezos plans to sell 50 million shares, valued at around $8.4 billion. The move is part of Bezos’s financial strategy, and he had not sold any Amazon shares…
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USA
Netflix Breaks New Ground with Global Streaming Rights for WWE ‘Raw’
Netflix and TKO Group Holdings announced a groundbreaking 10-year deal valued at over $5 billion, marking Netflix’s entry into live sports programming. Under the agreement, starting next year, Netflix will exclusively stream WWE’s flagship program “Raw” in the U.S., Canada, U.K., and Latin America. This marks Netflix’s first major venture into live sports and includes an option to exit after…
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World News
Prime Your Drive: Hyundai Cars Coming Soon to Amazon Checkout
Los Angeles (USA): In a significant announcement made at the 2023 Los Angeles Auto Show, Amazon revealed its forthcoming venture into the online retailing of Hyundai cars, slated to commence next year, as detailed in a press release. This collaborative initiative seeks to revolutionize the conventional process of car acquisition, with an emphasis on streamlining and expediting the overall experience,…
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