Amazon completes acquisition of NBFC firm axio

Amazon completes acquisition of NBFC firm axio

Image for representational purposes only. | Photo Credit: Reuters E-commerce firm Amazon on Thursday (September 4, 2025) said it has completed the acquisition of non-banking financial services firm axio, formerly Capital Float, after getting approval from the Reserve Bank of India. axio has been engaged with Amazon to facilitate buy-now-pay-later service to customers of the […]

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India to tap Amazon, Flipkart data directly in inflation revamp, roll out services index

India to tap Amazon, Flipkart data directly in inflation revamp, roll out services index

India had about 270 million online shoppers in 2024, a figure projected to grow 22% annually, a private study showed. | Photo Credit: Reuters India will start sourcing price data directly from e-commerce giants including Amazon and Walmart-owned Flipkart to overhaul its benchmark inflation gauge, aiming to capture shifting consumption habits and address concerns that […]

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Network fee on Big Tech not a viable solution to boost EU digital rollout

Network fee on Big Tech not a viable solution to boost EU digital rollout

The European Commission does not think that imposing a network fee on Big Tech companies is a viable solution to the debate over who should fund the rollout of 5G and broadband, a spokesman for the EU executive said on Thursday. The issue pits Deutsche Telekom, Orange , Telefonica and Telecom Italia against Alphabet’s Google, […]

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Big Tech may be breaking the bank for AI, but investors love it

Big Tech may be breaking the bank for AI, but investors love it

Big Tech is spending more than ever on artificial intelligence – but the returns are rising too, and investors are buying in. AI played a bigger role in driving demand across internet search, digital advertising and cloud computing in the April-June quarter, powering revenue growth at technology giants Microsoft, Meta, Amazon and Alphabet . Betting […]

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Amazon, Apple, Meta and Microsoft earnings rise on AI as economy roils

Amazon, Apple, Meta and Microsoft earnings rise on AI as economy roils

Tech giants Amazon, Apple, Meta and Microsoft this week eclipsed earnings expectations, cashing in on artificial intelligence (AI) while navigating economic waters roiled by U.S. tariffs. “Massive results seen by Microsoft and Meta further validate the use cases and unprecedented spending trajectory for the AI Revolution on both the enterprise and consumer fronts,” Wedbush tech […]

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Meta will allow job candidates to use AI during coding tests

Meta will allow job candidates to use AI during coding tests

Meta will begin allowing candidates to use artificial intelligence during coding tests. The company has also asked existing employees to volunteer for a “mock AI-enabled interview,” as first reported by 404 Media and later confirmed by Meta. The Silicon Valley heavyweight is among a handful of tech companies that have given the green light to […]

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Flipkart Freedom Sale to roll out August 1: A look at top deals

Flipkart Freedom Sale to roll out August 1: A look at top deals

Flipkart has announced that its 2025 Freedom Sale will go live on August 1 for Plus subscribers, with access opening to all users from August 2. Early access remains one of the key benefits of Flipkart Plus, along with additional savings such as a 10 per cent discount when using Super Coins on top of […]

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No plans to get Big Tech to pay digital law compliance costs, EU tech chief says

No plans to get Big Tech to pay digital law compliance costs, EU tech chief says

The European Commission will not ask Alphabet, Amazon, Apple , ByteDance, Meta Platforms and Microsoft to pay the cost of monitoring their compliance with a new digital law, the EU tech chief said on Wednesday. Germany and European Parliament lawmakers have lobbied for a supervisory fee to be levied on Big Tech to help EU […]

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iPhone 16 price drop: Check how Flipkart and Amazon are making Apple device cheaper

iPhone 16 price drop: Check how Flipkart and Amazon are making Apple device cheaper

In case you missed the Amazon Prime Day sale, do not worry. If you are planning to buy an iPhone 16, popular e-commerce platforms like Flipkart and Amazon continue to give some lucrative deals. The iPhone 16, launched in 2024, continues to be one of the most popular devices among consumers worldwide.  The latest generation […]

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Rs 55,000 discount on Samsung Galaxy S24 Ultra: Here’s why its a steal deal

Rs 55,000 discount on Samsung Galaxy S24 Ultra: Here’s why its a steal deal

Prime Day is here, and so are lucrative deals on electronics and smartphones. One of the most sold Samsung flagship devices, the Galaxy S24 Ultra, is one of the prime attractions of the sales season.  The top-of-the-line smartphone is coming with a discount of about Rs 55,000. Launched at Rs 1,29,999, Amazon is now offering […]

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