Amazon working on a generative AI to help small businesses in India
1 year, 3 months ago

Amazon working on a generative AI to help small businesses in India

The Hindu  

Amazon India is developing a generative artificial intelligence tool called SahAI for its business partners to help them with the backend of any particular product. Still in trial stage, this new generative AI is aimed at breaking barriers and helping many new businesses to come on the marketplace, said Amazon during Sambhav summit in New Delhi on Thursday. Amazon signed a memorandum with India Post to reach out artisans, makers, businesses in remotest parts of the country in order to bring them on board. Amazon Web Services is going to invest $12.7 billion by 2030 and create job in this sector, informed Amazon India.

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Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details
3 weeks ago

Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres. Check details

Live Mint  

Amazon India acquired a 38.18-acre land parcel from real estate developer Lodha Group for over ₹450 crore to develop a hyper-scale data centre in Palava, near Mumbai, the Economic Times reported on Tuesday, December 3. Amazon Data Services India, a subsidiary of Amazon India, will get access to the already-sanctioned floor space index, which has a permissible development potential of …

Amazon develops video AI model: Report
3 weeks, 5 days ago

Amazon develops video AI model: Report

The Hindu  

E-commerce giant Amazon has developed new generative artificial intelligence that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday. The development of the new AI model will help Amazon reduce its reliance on Anthropic's Claude chatbot, a popular offering on Amazon Web Services, the report said, citing …

Amazon Invests an Additional $4 Billion in AI Firm Anthropic
1 month ago

Amazon Invests an Additional $4 Billion in AI Firm Anthropic

Deccan Chronicle  

Amazon is investing an additional $4 billion in artificial intelligence startup Anthropic, boosting its stake in one of OpenAI’s chief rivals. That deal included provisions that Anthropic use Amazon Web Services data centers for some of its computing needs, as well as AWS-designed AI chips. The latest investment “establishes AWS as our primary cloud and training partner,” Anthropic said in …

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal
Trending News
1 month ago

Amazon deepens AI push with additional $4 billion in OpenAI challenger Anthropic: All about the deal

Live Mint  

Amazon is set to invest a further $4 billion in Anthropic, a San Francisco-based artificial intelligence startup, as major technology firms continue to vie for dominance in the generative AI sector. Under the agreement, Anthropic will designate Amazon Web Services as its principal training partner for developing its foundational AI models—highly advanced systems that power general-purpose AI applications such as …

Amazon India Sees Festive Surge in Luxury Sales: Apple Tablets, Beauty Segment Soar
1 month, 3 weeks ago

Amazon India Sees Festive Surge in Luxury Sales: Apple Tablets, Beauty Segment Soar

Live Mint  

Amazon India witnessed a surge in luxury product sales during the Amazon Great Indian Festival (AGIF) 2024. Apple tablets and smartphones saw significant growth, with Apple tablets experiencing a 10-times increase and Samsung tablets growing by 5 times. The fashion and beauty segment also saw a 400 per cent spike in premium categories, with watches, fragrances, and handbags seeing a …

Amazon Embraces AI, But Navigates Regulatory Minefield
1 month, 3 weeks ago

Amazon Embraces AI, But Navigates Regulatory Minefield

Live Mint  

Amazon's Matt Garman discusses the company's AI strategy and the challenges of government regulation. Garman emphasizes the importance of data security and control, and he believes that nuclear energy can be a key part of Amazon's future energy mix. He also acknowledges the challenges of remote work but remains optimistic about the benefits of in-person collaboration.

Amazon Dreams of AI Agents That Do the Shopping for You
2 months, 2 weeks ago

Amazon Dreams of AI Agents That Do the Shopping for You

Wired  

Amazon might not have ChatGPT, but it has a roadmap that includes developing even more advanced forms of artificial intelligence—including AI agents that are hell-bent on helping you buy stuff. We’re working on it, prototyping it, and when we think it’s good enough, we’ll release it in whatever form makes sense,” says Trishul Chilimbi, a VP and distinguished scientist at …

AI technology injects new momentum into e-commerce
3 months, 1 week ago

AI technology injects new momentum into e-commerce

China Daily  

Visitors experience VR gaming devices during the 2024 China International Fair for Trade in Services in the Cultural & Tourism Service thematic exhibition area at the Shougang Park in Beijing, Sept 16, 2024. The digital livestreamer named Yanxi has completed over 400,000 hours of livestreaming for more than 5,000 brands, attracting at least 100 million views, said a staff member …

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing
3 months, 2 weeks ago

Amazon eyes $5 billion in sales from Indian exporters this year in bid to move away from China sourcing

Live Mint  

Amazon Inc intends to help Indian exporters sell $5 billion worth of small-ticket items through its platform this year in the United States and Britain, compared to almost $3 billion in 2023, Reuters reported on Thursday, quoting a company official. Under Amazon's Global Selling programme, launched in 2015, nearly 1.5 lakh small Indian exporters are expected to sell their products …

Amazon Web Services plans data centre expansion in Hyderabad; eyes significant investment
4 months, 1 week ago

Amazon Web Services plans data centre expansion in Hyderabad; eyes significant investment

Live Mint  

Hyderabad, August 11 : Amazon Web Services is keen on significantly expanding its data centre operations in Telangana, augmenting AI offerings in a big way. As per the Telangana CMO statement, Amazon Web Services has designated Hyderabad as a strategic region and three big data centres are already operational. Speaking after the meeting, Kerry Person, Vice President Data Center Planning …

AWS’ GenAI Loft for startups launched in Bengaluru
4 months, 3 weeks ago

AWS’ GenAI Loft for startups launched in Bengaluru

The Hindu  

Amazon Web Services has announced the launch of a new global initiative called AWS GenAI Loft in Bengaluru on Tuesday. “We are excited to commence the global tour of AWS GenAI Loft in Bengaluru, a hub for AI innovation in the country,” said Kumara Raghavan, head of startups at AWS India and South Asia. Participants will be given access to …

AWS and iTNT Hub collaborate to nurture generative AI innovation among startups in Tamil Nadu
5 months, 1 week ago

AWS and iTNT Hub collaborate to nurture generative AI innovation among startups in Tamil Nadu

The Hindu  

Amazon Web Services India Private Limited has said that it will be supporting Tamil Nadu Technology Hub to launch a generative Artificial Intelligence startup hub program. According to details shared by AWS, the program will enable startups to collaborate with the industry to build public sector-focused solutions using generative AI, and will solicit and shortlist startups building solutions for government, …

AWS announces $50 million investment in Generative AI Impact Initiative for PSUs
5 months, 3 weeks ago

AWS announces $50 million investment in Generative AI Impact Initiative for PSUs

The Hindu  

Amazon Web Services announced the AWS Public Sector Generative Artificial Intelligence Impact Initiative. The initiative is designed to help public sector organizations – and those that directly support their technology needs – to accelerate innovation in support of critical missions using AWS generative AI services and infrastructure. As part of this initiative, AWS is committing up to $50 million in …

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
8 months, 1 week ago

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors

Associated Press  

Amazon is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among startups and big technology companies. The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI Fund, will replace a seat vacated by Judy McGrath, a former CEO of MTV who told Amazon …

1000 Indians part of Amazon's “generative AI” driven Just Walk Out project in Fresh stores: Report
8 months, 3 weeks ago

1000 Indians part of Amazon's “generative AI” driven Just Walk Out project in Fresh stores: Report

Hindustan Times  

Amazon is phasing out its Just Walk Out tech from all of its Fresh grocery stores in the US, according to a report in The Information. Amazon had claimed: “The feat is a combination of computer vision, object recognition, advanced sensors, deep machine learning models, and generative AI—a type of artificial intelligence that has recently captured the public’s imagination.” Jon …

Amazon pours an additional $2.75 billion into AI startup Anthropic
8 months, 3 weeks ago

Amazon pours an additional $2.75 billion into AI startup Anthropic

Associated Press  

NEW YORK — Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion. “Generative AI is poised to be the most transformational technology of our time, and we believe our strategic collaboration with Anthropic will further improve our customers’ experiences, and look forward to what’s next,” …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
9 months, 2 weeks ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

Google set to invest $2 billion in Anthropic- OpenAI's competitor
1 year, 1 month ago

Google set to invest $2 billion in Anthropic- OpenAI's competitor

India TV News  

Google is set to invest $2 billion in the AI startup Anthropic, created by former members of OpenAI, as competition in the AI field intensifies. In September, Amazon also announced plans to invest as much as $4 billion in Anthropic, securing a minority ownership position in the firm, reflecting the fierce competition within the growing generative AI sector dominated by …

‘Cloud, AI can unlock ₹1.6 trillion for small biz’
1 year, 2 months ago

‘Cloud, AI can unlock ₹1.6 trillion for small biz’

Live Mint  

New Delhi: Small businesses that embrace artificial intelligence and cloud-enabled technologies in India are expected to unlock up to ₹1.6 trillion in annual productivity gains and support 45.9 million jobs by 2030, a report said on Thursday. “By adopting advanced cloud-enabled technologies like generative AI, small businesses can accelerate their growth and digital transformation,” said Deepti Dutt, leader, Verticals, Public …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 2 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

The Hindu  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 2 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

Associated Press  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Amazon commits up to $4 billion in AI startup anthropic for generative AI advancements
1 year, 3 months ago

Amazon commits up to $4 billion in AI startup anthropic for generative AI advancements

India TV News  

Amazon has announced a substantial investment of up to $4 billion in Anthropic, an artificial intelligence startup, marking its strategic foray into the burgeoning generative AI market. In this partnership, Anthropic will harness the power of Amazon Web Services, employing AWS Trainium and Inferentia chips for the development, training, and deployment of its future foundation models. Amazon CEO Andy Jassy …

Amazon has drawn thousands to try its AI service competing with Microsoft, Google
1 year, 4 months ago

Amazon has drawn thousands to try its AI service competing with Microsoft, Google

The Hindu  

Amazon.com’s cloud division has drawn thousands of customers to try out its service vying with Microsoft and Google in a key area of artificial intelligence, an executive told Reuters. Organisations including Sony, Ryanair and Sun Life have tried out Amazon Bedrock, a service the company announced in April that lets businesses create applications with a range of AI models, Vice …

Amazon touts its low-cost cloud computing in generative AI race
1 year, 5 months ago

Amazon touts its low-cost cloud computing in generative AI race

The Hindu  

A key way that Amazon's cloud division aims to set itself apart from rivals perceived to have a leg up on artificial intelligence is by competing on price, an executive said on Tuesday. The AI models behind a viral chatbot like ChatGPT require immense computing power to train and operate, the kinds of costs Amazon Web Services is good at …

Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy
1 year, 6 months ago

Amazon intends to invest USD 15 billion more in India: CEO Andy Jassy

Deccan Chronicle  

Washington: E-commerce giant Amazon plans to invest USD 15 billion more in India, taking its total investment in the country to USD 26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the US, Amazon CEO Andy Jassy said the company has already invested USD 11 billion in India till date. We have …

Amazon CEO Andy Jassy Announces $15 Billion Investment in India During Meeting with Prime Minister Narendra Modi
1 year, 6 months ago

Amazon CEO Andy Jassy Announces $15 Billion Investment in India During Meeting with Prime Minister Narendra Modi

Live Mint  

Amazon's CEO, Andy Jassy, informed Prime Minister Narendra Modi during their meeting on Friday that Amazon.com Inc intends to enhance its presence in India by investing an extra $15 billion. According to a blog post by Amazon, Prime Minister Narendra Modi and CEO Andy Jassy discussed several key areas during their conversation. In addition to the recent investment plans of …

Very interested in helping create more jobs Amazon CEO Andrew Jassy after meeting PM Modi Latest business updates – India TV
1 year, 6 months ago

Very interested in helping create more jobs Amazon CEO Andrew Jassy after meeting PM Modi Latest business updates – India TV

India TV News  

Modi US visit 2023 : Amazon CEO Andrew Jassy expressed his commitment to generating additional employment opportunities in India after meeting Prime Minister Narendra Modi in Washington DC. "Very interested in helping create more jobs, helping digitise more small and medium size businesses and helping more Indian companies and products be able to be exported all around the world," said …

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy
1 year, 6 months ago

Amazon intends to invest $15 billion more in India, says CEO Andy Jassy

The Hindu  

E-commerce giant Amazon plans to invest $15 billion more in India, taking its total investment in the country to $26 billion, a top official of the company has said. After meeting Prime Minister Narendra Modi in the U.S., Amazon CEO Andy Jassy said the company has already invested $11 billion in India till date. pic.twitter.com/1JFo0oqAZz — PMO India June 23, …

Puneet Chandok, AWS India Head Resigns From The Company
1 year, 6 months ago

Puneet Chandok, AWS India Head Resigns From The Company

ABP News  

Puneet Chandok, the India and South Asia Head of retail behemoth Amazon's cloud division, Amazon Web Services, has resigned with effect from August 31, news agency Reuters reported on Friday. Chandok’s departure comes as AWS, the Cloud arm of e-commerce giant Amazon, last month announced plans to invest Rs 1,05,600 crore into cloud infrastructure in India by 2030 to meet …

Amazon’s cloud arm to invest $12.7 billion in India by 2030
1 year, 7 months ago

Amazon’s cloud arm to invest $12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it plans to invest $12.7 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia, said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly-announced investments …

AWS to make a fresh investment of 12.7 billion in India by 2030
1 year, 7 months ago

AWS to make a fresh investment of 12.7 billion in India by 2030

The Hindu  

Amazon Web Services said it would have invested $ 16.4 billion in India by 2030 to meet the fast-growing customer demand for cloud services in the country. Puneet Chandok, president of commercial business, AWS India and South Asia said India was a rapidly expanding cloud market and therefore the company was making considerable investments in the country and the newly …

AWS, Amazon Web Services India Cloud Division, To Invest Rs 1,05,600 Crore In India By 2030
1 year, 7 months ago

AWS, Amazon Web Services India Cloud Division, To Invest Rs 1,05,600 Crore In India By 2030

ABP News  

Amazon Web Services, the cloud division of e-commerce giant Amazon, has announced its intention to invest Rs 1,05,600 crore into cloud infrastructure in India by 2030. The minister welcomed AWS's investment and emphasized that the Ministry of Electronics and Information Technology is actively working on a Cloud and Data Center Policy to foster innovation, sustainability, and growth in India's cloud …

Amazon Web Services set to invest $12.7 billion in India by 2030
1 year, 7 months ago

Amazon Web Services set to invest $12.7 billion in India by 2030

Live Mint  

Amazon's cloud computing unit, Amazon Web Services, has revealed its intention to invest USD 12.7 billion in cloud infrastructure in India by 2030. To fuel its web services business, Amazon said it has trained more than 4 million people in India with cloud skills since 2017 and invested in six utility-scale renewable energy projects, AWS said. The company currently operates …

Amazon to invest USD 12.7 billion into cloud infrastructure in India; plans to create over 130,000 jobs
1 year, 7 months ago

Amazon to invest USD 12.7 billion into cloud infrastructure in India; plans to create over 130,000 jobs

India TV News  

Mumbai: Amazon's cloud computing unit, Amazon Web Services on Thursday announced its plans to invest Rs 1,05,600 crore into cloud infrastructure in India by 2030. “Amazon Web Services announced it plans to invest INR 1,05,600 crores into cloud infrastructure in India by 2030 to meet growing customer demand for cloud services in India,” it said in a statement. India welcomes …

Amazon Business continues to empower MSMEs in Hyderabad
1 year, 7 months ago

Amazon Business continues to empower MSMEs in Hyderabad

Deccan Chronicle  

HYDERABAD: Wholesale online store Amazon Business continues to act as a one stop destination for business customers in Hyderabad with about 6.5 lakh sellers on the platform and more than 16 crore GST enabled products, the largest selection in India. According to a press release, Amazon Business, which was started in 2017, has seen an upward trajectory with a 12% …

Amazon’s Jassy says AI will be a ‘big deal’ for company
1 year, 8 months ago

Amazon’s Jassy says AI will be a ‘big deal’ for company

Associated Press  

NEW YORK — Amazon CEO Andy Jassy signaled confidence that the company will get costs under control in his annual shareholder letter, where he also noted the tech giant was “spending heavily” on AI tools that have gained popularity in recent months. The company’s profitable cloud computing unit Amazon Web Services also faces “short-term headwinds right now,” despite growing 29% …

Amazon to invest Rs 36,300 crore in Hyderabad, TS gets highest FDI
1 year, 11 months ago

Amazon to invest Rs 36,300 crore in Hyderabad, TS gets highest FDI

Deccan Chronicle  

HYDERABAD: In one of the highest Foreign Direct Investments into Telangana, Amazon Web Services announced on Friday that it would increase its investment from its previously committed Rs 20,096 crore in 2020 to Rs 36,300 crore by 2030. Amazon Web Services will invest in its three Hyderabad data centre campuses at Chandanvelly, FAB City, and Pharma City in phases. The …

Amazon India to lay off around 1,000 staff
1 year, 11 months ago

Amazon India to lay off around 1,000 staff

Live Mint  

E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe. The e-commerce company Amazon has announced the lay-off of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact about 1,000 employees in India," the …

Amazon to set up facility in Vishakhapatnam
2 years ago

Amazon to set up facility in Vishakhapatnam

Deccan Chronicle  

Visakhapatnam: The world’s biggest online retailer Amazon will establish a facility here in 2023. The Software Technology Parks of India here announced via its Twitter account that Amazon would establish a facility in the park with an initial expenditure of Rs 55.65 lakh and create about 120 job opportunities. The state and in particular the city is witnessing huge investments …

Amazon beats a retreat as India’s ONDC broadens its horizons
2 years ago

Amazon beats a retreat as India’s ONDC broadens its horizons

The Hindu  

Amazon is reworking its plans. In January 2020, at a conference in New Delhi, then Amazon CEO Jeff Bezos, and head of Amazon India, Amit Agarwal, said the retail giant will pump in a billion dollars to help the country’s small and medium-sized businesses. Amazon’s shift in investment and retreat from wholesale distribution comes at a time when India’s own …

Amazon likely to fire hundreds of workers in India next month
2 years ago

Amazon likely to fire hundreds of workers in India next month

India Today  

Amazon will reportedly layoff hundreds of workers in India as the e-commerce company is planning to close down some of its operations in the country. According to report from Bloomberg, Amazon is quitting its meal delivery business in India, and it will also stop providing doorstep deliveries of packaged consumer goods to small business. A person who is familiar with …

AWS launches infrastructure region in Hyderabad
2 years, 1 month ago

AWS launches infrastructure region in Hyderabad

Deccan Chronicle  

Hyderabad: Amazon Web Services, Inc., on Tuesday announced the launch of its second AWS infrastructure Region in India—the AWS Asia Pacific Region. “The launch of the AWS Asia Pacific Region supports India's digital transformation and is part of our long-term investment in the country since opening our first office in 2011. Customers and partners in India will now have additional …

An opportunity for India Inc
2 years, 3 months ago

An opportunity for India Inc

The Hindu  

We live in an age when businessmen command considerable influence in society. India’s stock markets are now in an explosive phase of growth and start-ups are reaping huge funds without any credible record of performance, largely on the trust of retail investors. India’s SME sector needs to modernise itself with the help of digital technology, professional management and better scale …

Amazon India announces special diversity grant for logistics entrepreneurs
2 years, 4 months ago

Amazon India announces special diversity grant for logistics entrepreneurs

Live Mint  

NEW DELHI: Amazon has announced a special grant to help aspiring entrepreneurs from under-represented communities to join its Delivery Service Partner programme in India. With the special diversity grant, the company aims to enable women, persons with disability and people from the LGBTQIA+ community who are aspiring entrepreneurs with a financial boost to cover some of the startup costs of …

Amazon doubles cumulative export target from India to $20 billion by 2025
2 years, 7 months ago

Amazon doubles cumulative export target from India to $20 billion by 2025

The Hindu  

E-commerce giant Amazon on Wednesday said it is doubling the target for cumulative exports by Indian exporters to $20 billion by 2025, via its platform. The U.S.-headquartered firm’s founder and CEO Jeff Bezos had in January 2020 announced that the company would enable cumulative exports of $10 billion worth “make-in-India” goods by 2025. “Cumulative exports by Indian exporters on the …

Amazon to hire 8,000 people in India this year, will host first-ever Career Day on THIS date
3 years, 3 months ago

Amazon to hire 8,000 people in India this year, will host first-ever Career Day on THIS date

India TV News  

Amazon is planning to hire more than 8,000 direct workforce across 35 cities in the country this year across corporate, technology, customer service and operations roles, according to a top company official. "These job opportunities are spread across corporate, technology, customer service, and operations roles," Amazon HR Leader - Corporate, APAC, and MENA Deepti Varma told PTI. Currently, Amazon employs …

As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant
3 years, 6 months ago

As Amazon Hits India’s Job Market & Small Businesses, Need of the Hour is to Rein in the Corporate Giant

News 18  

Never in India’s history have the micro and small sector been under such a sustained attack for so long. What is amazing in all of this is, that not only is this the same segment of job creators who have been forced to pick up the highest tab in the governments demonetisation and GST implementation, but also the ones whose …

Amazon Joins US-Based Global Task Force to Bring in Ventilators to Help India Fight COVID-19
3 years, 7 months ago

Amazon Joins US-Based Global Task Force to Bring in Ventilators to Help India Fight COVID-19

News 18  

Amazon has joined the US Chamber of Commerce’s Global Task Force to bring in ventilators to help combat the COVID-19 crisis in India. Launched in May, the Global Task Force is a unified effort for businesses to mobilise and deliver resources to relieve surges of COVID-19 around the globe. Amazon is represented by Amazon Web Services chief executive officer Andy …

Amazon announces $250 million fund to digitise small businesses in India
3 years, 8 months ago

Amazon announces $250 million fund to digitise small businesses in India

India Today  

Amazon.com Inc on Thursday announced a $250 million venture fund for India, focused on bringing the country's small businesses online, as the company comes under fire from local retailers. "We are very passionate about trying to enable acceleration of small and medium-sized businesses, in fuelling innovation and the economy in India," the company's incoming CEO Andy Jassy said at Amazon …

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