Amazon founder Jeff Bezos plans to give away majority of his $124 billion: CNN

Amazon.com Inc founder Jeff Bezos will give away a majority of his $124 billion wealth during his lifetime, the billionaire told CNN in an interview on Monday. Without providing further details, Bezos said he and partner journalist-turned-philanthropist Lauren Sanchez were “building the capacity to be able to give away this money”. The billionaire has committed … Read more

Parliamentary panel to summon Google, Twitter, Amazon, other big tech firms to discuss competitive conduct

NEW DELHI: With a number of global tech giants facing Competition Commission of India’s (CCI) probe for alleged anti-competitive practices, a key Parliamentary panel on Thursday decided to summon representatives of Google, Amazon, Facebook, Twitter and others to examine their competitive behaviour. The next meeting of the panel on the issue is likely to be … Read more

Future creditors vote against Reliance deal

NEW DELHI: Bankers have rejected Big Bazaar parent Future’s Group’s proposal to sell its retail and logistics assets to Reliance Retail, signalling that the Rs 24,700-crore deal between Kishore Biyani and Mukesh Ambani may have fallen through. To go through, the proposed deal required 75% of Future’s flagship company Future Retail’s (FRL) secured lenders to … Read more