Even though Amazon's Prime Day in the US was postponed to October instead of the usual July, Amazon.com Inc. tripled its net income, clocking in $6.3 billion in Q3FY20 compared to $2.1 billion in the same quarter last year. Net sales stood at $96.1 billion, up 37% from $69.9 billion in the same period last year. It’s hard to predict how much of the incremental sales from COVID-19 would recur and continue to grow next year, Brian Olsavsky, CFO and senior VP, said on the investor call. There have been phases of growth. For instance, there was a lot of stocking up of groceries and other household supplies, followed by sales of gloves and disinfectant wipes and masks. This may be a bubble and similar sales may not take place next year, he said. "But Prime’s renewal rates and engagement are going up. So people are buying more frequently and across more categories. They're using more of our digital benefits. We like the trends on kind of connectedness to our Prime program and we think that will have lasting value." — Brian Olsavsky, Amazon In India, Amazon opened 10 new fulfillment centres, 5 new "sort centres", nearly 200 delivery stations, and over 10,000 seasonal jobs to meet demand during the festive season. Amazon's Project Zero, a tool to remove counterfeit products, is now available in 17 countries around the world, with Australia, Brazil, the Netherlands, Saudi Arabia, Singapore, Turkey, and the UAE being recently added. It's a significant expansion given…
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Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
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