Amazon analysts expect same-day delivery to boost margins in Q3

Same-day delivery is now offered in at least 90 cities, free for Prime members while non-members pay $9.99. The retailer invested heavily in 2020 and 2021 in logistics to make same-day delivery, which it introduced in 2015, available in more places.

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Amazon rolls out AI-powered image generation to empower advertisers

Amazon Ads has started rolling out image generation to select advertisers and will expand availability over time.

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Instagram testing feed only for paid verified users

Instagram head Adam Mosseri said that the company is "exploring this as a new control for people and a way for businesses and creators to get discovered".

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Amazon rolls out passwordless sign-ins for users on iOS and web

Amazon is rolling out passkey support on browsers and mobile shopping apps (iOS users), making it easier and safer for the customers to access their accounts with passwordless sign-in.

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HCLTech may not offer wage hikes to middle and senior-level staff in FY24

The classification of E0 – E2 employees range from freshers to technical leaders and E3 – E6 employee band are those with mid-level positions ranging starting from project managers up to vice presidents. E7 and above are the senior-level employees.

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Festive sales may fetch Flipkart up to Rs 36,000 crore in gross sales

This year, during the first week of the festive season sales on ecommerce marketplaces, GMV grew by about 18% to around $4 billion, according to Datum Intelligence, a market research firm.

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Top IT companies boost margins amidst market struggles

To be sure, Infosys, HCLTech and Wipro have slashed their revenue guidance for the upcoming quarter and full fiscal amid a freeze on tech spends and delay in decision making.

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