Amazon, lifted by cloud services, reports $857-mn net income

Revenue jumped 31 per cent to $30.4 billion from $23.19 billion a year ago For most of its life, Amazon sacrificed profits if it coul...

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Flipkart laying off at least 700 employees to cut costs

India's largest e-commerce player Flipkart is sacking at least 700 employees, or over 3 per cent of its workforce, as it looks to cut ...

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