Anirban Sen

Amazon CEO dispels fears on slower spending, to invest heavily in India Inc. will continue investing heavily in India, the chief of its local operations said, dispelling concerns of slower spending by the US e-commerce company after its CFO Brian Olsavsky said that while the India investments were starting to show results, they had hit margins.

Amazon says India investments showing results, but drain on global margins chief financial officer (CFO) Brian T. Olsavsky said that the company was excited about its investments in India and the response it had received from customers and sellers.

India: Amazon to buy publishing business of Tata-owned Westland

In February, Amazon bought a 26% stake in Westland for about Rs9.5 crore. Trent had said at the time that Amazon had the option to acquire the remaining 74% stake later.

Amazon set to bring Launchpad to India

Amazon Launchpad, a global programme for start-ups, may be launched in two months

India: Messaging start-up Hike denies buyout talks with Creo

Hike is launching a video calling feature for Android smartphones this week and for iOS next month, founder and CEO Kavin Bharti Mittal said