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News on Medial
Amazon targets faster deliveries and buying with new tech
Economic Times
·
10m ago
Medial
- Amazon has developed spotlights within its delivery trucks to guide delivery people to packages, reducing the time spent reading labels. - The new technology, called Vision Assisted Package Retrieval, shines a green light on packages for faster delivery. - Amazon plans to equip 1,000 delivery trucks with the spotlight tech early next year. - Amazon's delivery vans have ceilings equipped with cameras and LED projectors to instantly read package labels. - Amazon is using AI software to help customers make faster buying decisions by providing more extensive information and recommendations. - Amazon is planning smaller warehouses attached to Whole Foods stores to offer items not available in-store, preventing customers from shopping at competing stores.
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Related News
Amazon ramping up Prime investments to outpace rivals in India’s quick commerce race | Mint
Livemint
·
10m ago
Medial
- Amazon is investing in its subscription programme, Amazon Prime, to enhance delivery speed and compete in India's quick commerce market. - The Prime programme in India offers free shipping, faster deliveries, and various benefits, including Prime Video. - Amazon is focusing on improving supply chains and physical infrastructure to expedite delivery times. - The company announced the integration of AI-powered shopping tools into the Amazon app. - Amazon is expected to offer faster deliveries on a wider range of products, catering to the increasing expectations of Indian consumers. - Prime membership in India is not disclosed, but the country is considered a significant part of Amazon's global landscape.
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Amazon boosts investment in speed for faster deliveries across multiple products
Livemint
·
10m ago
Medial
Amazon India is investing in improving delivery speed to meet the shift in consumer preferences for faster delivery. The company aims to offer same-day and sub same-day deliveries, with products being delivered within 4-6 hours of purchase. This investment in speed is being driven by the demand for quicker delivery times, as consumers increasingly want their purchases to be delivered within hours instead of days. Amazon India is expanding its sub same-day delivery feature in metro cities, with hundreds of thousands of products available for quick delivery. The company is also planning to offer quick commerce deliveries in response to the growing demand for faster delivery options. Amazon India recently opened three new fulfillment centers in Delhi-NCR, Guwahati, and Patna to enhance delivery speeds during the upcoming festive season. The company expects to break last year's record for its annual festive season sale, the Amazon Great Indian Festival.
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Startup and news updates: Daily roundup (January 6, 2025)
YourStory
·
7m ago
Medial
The latest startup developments highlight innovations from new ventures and funding announcements. BorderPlus, led by Kumar and Mathur, focuses on global mobility for blue-collar workers. Accel's new $650M fund targets early-stage startups. TSAW Drones and Consint.AI secure fresh capital, signaling advancements in drone deliveries and healthcare AI. Meanwhile, leadership appointments and partnerships in various sectors emphasize strategic growth and innovation, including Odisha's new mobility app and Wardwizard's battery tech collaboration with C4V.
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Amazon to invest $1.3 billion in France, create 3,000 jobs
Economic Times
·
1y ago
Medial
Amazon has announced plans to invest over 1.2 billion euros ($1.3 billion) in its French operations and create 3,000 permanent jobs in the country. The investment will focus on expanding cloud infrastructure and logistics networks to support the growth of generative artificial intelligence in France. Amazon has already invested more than 20 billion euros in its French operations since 2010, and the new investment will further strengthen its presence in the country. Additionally, a portion of the funds will be used to enhance the company's logistics network for faster and more sustainable deliveries.
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Amazon, Flipkart to have quick commerce play in certain categories: Delhivery CEO Sahil Barua
Economic Times
·
1y ago
Medial
Delhivery's CEO, Sahil Barua, predicts the emergence of a new sub-segment in quick commerce, focusing on two- or four-hour deliveries. Barua believes that large ecommerce platforms like Amazon and Flipkart will enter this space as certain products can benefit from faster delivery times. Barua also mentioned that Delhivery has looked into managing dark stores and deliveries for other players in the quick commerce industry. However, he emphasised the need for further evaluation of the overall model. Delhivery recently reported a net loss of Rs 68 crore for the quarter ended March, but expects ecommerce to continue growing at 15-20% in the long term.
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Trade Spotlight: How should you trade Grasim, Syngene, Birlasoft, ADF Foods, KFin Technologies, and others on Wednesday?
Money Control
·
11m ago
Medial
The stock market closed with moderate gains, and here are some trading ideas for the near term: 1. Century Textiles and Industries: The stock is showing positive momentum and is currently trading at lifetime high levels. Use dips as a buying opportunity, with targets of Rs 2,650-2,700. 2. KFin Technologies: The stock witnessed a sharp rally and made a lifetime high. The trend is bullish, and one can adopt a buy-on-dips approach with targets of Rs 1,200 and Rs 1,240. 3. ADF Foods: The stock closed above a key level, confirming a breakout. The trend is positive, and one can consider buying on dips with targets of Rs 290-295. 4. Castrol India: The stock formed a bullish candle with higher volumes, indicating strong momentum. It is trading above its 20 DMA and has a positive outlook. Consider initiating a long position with a target of Rs 305. 5. Birlasoft: The stock is showing an upward trend and has strong volume participation. It is sustaining above its 20 DMA and has a bullish outlook. Consider buying with a target of Rs 700. 6. ICICI Prudential Life Insurance Company: The stock is forming higher highs and higher lows, indicating a sustained uptrend. It is positioned well above its short-term moving average, with a positive RSI reading. Consider buying with a target of Rs 790. 7. Syngene International: The stock is exhibiting robust momentum and is likely to extend its upward trajectory towards targets of Rs 880-900. Consider buying with a strict stop-loss. 8. Jindal Steel & Power: The stock is showing a solid upward trend with increasing volumes. Consider buying with targets of Rs 1,010 and Rs 1,026. 9. Grasim Industries: The stock is showing encouraging momentum and is approaching its support zone. Consider buying with targets of Rs 2,800 and Rs 2,825. 10. Dixon Technologies: The stock has recently broken out and is currently experiencing a pullback. Consider buying on declines with a target of Rs 14,000.
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Startups with electric vans race to fill demand for zero-emissions delivery
Economic Times
·
1y ago
Medial
A clutch of European and U.S. delivery company startups are racing to capture the growing market for zero-emission, electric last-mile deliveries before industry leaders like FedEx and Amazon. These startups, such as Liefergrün, Zedify, and DutchX, have collectively raised around $1 billion and are tapping into retailers' need to meet environmental targets. However, they face challenges in scaling up their operations and keeping prices competitive. Despite this, they are poised to disrupt the delivery industry and could potentially become acquisition targets for established carriers.
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Companies News Today Live Updates on September 21, 2024: Amazon boosts investment in speed for faster deliveries across multiple products
Livemint
·
10m ago
Medial
Amazon has announced increased investment in speed for faster deliveries across multiple products. The move comes as the company continues to prioritize fast and efficient service for its customers. This development is aimed at improving the overall delivery experience and maintaining Amazon's reputation as the leading e-commerce platform. Stay tuned for more updates on the company's financial performance, strategic acquisitions, and market shifts.
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Flipkart Singapore parent infuses Rs 1,421 crore in marketplace arm
Economic Times
·
1y ago
Medial
Walmart-owned Flipkart has infused Rs 1,421 crore (around $170 million) in its Indian marketplace entity, Flipkart Internet, through its Singapore holding company. This is not new funding but an internal cash transfer. It is the second major fund infusion received by Flipkart Internet from its Singapore-based entities this year. The latest funding takes the total infusion in the marketplace entity to $281 million. Flipkart aims to launch its quick-commerce service and has been working on faster deliveries, including same-day delivery in several cities. Meanwhile, Amazon India has also received funds exceeding Rs 1,000 crore from its US parent company.
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Swiggy launches ’One BLCK’, an invite-only premium membership: Know price, benefits and more | Company Business News
Livemint
·
8m ago
Medial
Indian food delivery platform Swiggy has introduced a new invitation-only membership called One BLCK. The premium convenience membership offers benefits such as faster food delivery, an on-time guarantee, and complimentary food or drinks when dining out. Members will also receive priority support from Swiggy's customer care agents. In addition to these perks, One BLCK members will also have access to existing Swiggy One perks, including unlimited free food and Instamart deliveries, discounts on food delivery and dining via Dineout, and collaborations with brands such as Amazon Prime, Disney+ Hotstar, Hamleys, and Cinepolis. The membership is currently priced at ₹299 for a three-month plan and is available by invitation only.
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