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Amazon's $10 Billion Pentagon Contract Being Closely Looked At: Trump

Friday, July 19, 2019, 8:03 PM

U.S. President Donald Trump said on Thursday his administration was looking closely at's bid on a $10 billion cloud contract with the Defence Department after getting complaints from other tech companies. Inc and Microsoft Corp were selected in April to continue competing for the Pentagon cloud computing services that is part of a broad modernization of Pentagon information technology systems.
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Amazon Faces Probe in Europe Over Use of Merchant Data

Friday, July 19, 2019, 6:43 PM

The European Union has launched a formal investigation on Amazon over concerns of potential abuse of merchant data that is accessible to it to cut down its own competition. "Based on the Commission's preliminary fact-finding, Amazon appears to use competitively sensitive information," the regulator noted. "We will cooperate fully with the European Commission," the e-commerce giant said.
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Amazon invests Rs 51 crore in Quess Corp arm

Friday, July 12, 2019, 9:05 PM

US-based e-commerce giant Amazon has made an equity investment of Rs 51 crore in QDigi, an after-sales support company for electronic products. QDigi is a subsidiary of Quess Corp, a Bengaluru-based listed business services firm. Quess Corp board has approved issue of 754,437 equity shares to at an issue price of Rs 676 on a preferential basis, according to a stock exchange filing.

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