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Michigan's defense of national title fell short, aims to cap lost season with win against Ohio State

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Lucknow, Nov 24 (PTI) Electoral politics is hard as the momentum shifts ever so quickly, more so in a politically sensitive state like Uttar Pradesh, where the results of the byelections in nine assembly seats have repositioned the ruling BJP in the pole position after a blip in the June 2024 Lok Sabha polls. Having put in the hard yards with multiple rallies across all nine by-poll seats and assigning himself the responsibility of a difficult seat like Katehari in Ambedkarnagar that BJP won after three decades, Chief Minister Yogi Adityanath's stock has skyrocketed to the days when the BJP won a consecutive term in UP in 2022. Adityanath literally set the narrative for the bypolls in August itself with slogans like 'batenge toh katenge (divided we perish)' that were cleverly tailored to reinforce the Hindu unity pitch and resonated right through the mini polls. "For a long time, Samajwadi Party's politics revolved around its 'MY' factor that was meant to denote a particular community and caste. The BJP has changed that with a new 'MY' approach. This 'MY' factor means Modi-Yogi and these two leaders are changing the political discourse with their development narrative, and this by-poll again showed the effectiveness of Yogi ji," UP BJP spokesman Manish Shukla told PTI. The party won six seats out of nine while ally RLD got one. Adityanath's 'batoge toh katoge' slogan made a huge impression was evident in the BJP’s win in the Muslim-majority Kundarki seat in Moradabad. Here, the party had not won in three decades but this time voters consolidated behind BJP’s Ramveer Singh, the lone Hindu among 11 Muslims in the fray. “The SP took Muslims for granted and we went about telling the voters about SP leaders’ claim that virtually anyone on their party’s symbol would win. "Eventually they realised that despite being unfairly demonised by our opponents, only BJP could get them out of the vote bank trap and of course our leadership helped,” Ramveer said. The importance of Kundarki win was such that it even found a mention in Prime Minister Narendra Modi’s speech at the BJP office in Delhi after the BJP-led-NDA’s spectacular win in Maharashtra on Saturday evening. “What it means is that while BJP vote bank consolidated, the SP’s trusted Muslim vote bank that had voted for the party in big numbers both in 2022 UP polls as well as in 2024 Lok Sabha polls disintegrated. Brand Yogi has found a boost while Akhilesh Yadav has some work to do,” a senior BJP leader told PTI. Even in its family bastion of Karhal seat in Mainpuri, which SP chief Akhilesh Yadav had himself won by an impressive margin of around 67000 votes in 2002 UP polls, the SP’s vote bank dipped as party candidate and Akhilesh’s nephew Tej Pratap Yadav won against Anujesh Yadav, also a distant relative of Akhilesh, by about 14000 votes. The SP had alleged massive irregularities in voting and on its complaint the EC had suspended seven police officials in UP. In Sishamau, Kanpur, the only other seat the SP won in the bypolls, the margin was even lesser – about 8000 odd – making it evident the main opposition party had lost the momentum gained after 2024 Lok Sabha poll results. Back then the SP had won 37 seats against BJP’s 33 in UP but the momentum, it appears, has quickly swung back in BJP’s favour. Meerapur assembly seat in Muzaffarnagar in west UP was another seat that had a sizeable Muslim presence. RLD had won the seat in 2022 UP polls when it was in alliance with SP, and has succeeded in retaining it after joining hands with the BJP. "The RLD has a dedicated vote bank comprising all sections of society and people's belief in our leader Jayant Chaudhary showed again with a landslide win," RLD leader Rohit Agarwal told PTI. The Congress, which announced support for SP, didn’t contest the polls and though senior leaders on both sides said “all is well” with the alliance, at the local level discordant notes were heard. These concerns primarily revolved around a lack of ground-level coordination; defeating the very purpose of coordination committees that were set up on October 25 to ensure that. “There is nothing wrong with the alliance. The Congress helped us. The reason for the reverses was mainly due to rampant and blatant misuse of official machinery and the people would make BJP realise this in 2027 UP polls when SP comes to power,” Samajwadi Party’s national secretary Arvind Singh ‘Gope’ told PTI. The BSP, led by four-time former UP chief minister Mayawati, suffered maximum embarrassment as its candidate badly lost the polls, opening the party again to the charge of being a ‘vote katva (vote cutter)’. On Sunday Mayawati after alleging irregularities declared that her party won’t contest any more bypolls – an announcement that meant little in the face of yet another political loss and party leadership’s inability to arrest the slide. “The BJP contested the polls as one unit unlike the opposition that was besieged with internal conflicts," Shukla said. “What can one say about BSP? We all know that it has been the ‘B’ team of BJP and this election too proved that as it contested the election not to win but to dent the chances of the INDIA bloc,” Congress secretary Shahnawaz Alam said. (This story has not been edited by THE WEEK and is auto-generated from PTI)

King laughs at British comedian’s impression of Donald Trump at Royal Variety

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Jimmy Carter, 39th US president, Nobel winner, dies at 100

Michigan's defense of national title fell short, aims to cap lost season with win against Ohio State

Affimed ( NASDAQ:AFMD – Get Free Report ) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 846,900 shares, a growth of 38.5% from the November 30th total of 611,400 shares. Based on an average trading volume of 253,700 shares, the short-interest ratio is presently 3.3 days. Approximately 6.5% of the shares of the stock are sold short. Affimed Stock Performance Shares of NASDAQ AFMD opened at $1.29 on Friday. Affimed has a 52-week low of $1.14 and a 52-week high of $8.95. The company’s 50 day moving average price is $2.72 and its 200-day moving average price is $3.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.93 and a current ratio of 1.93. Institutional Trading of Affimed Large investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in Affimed in the third quarter worth approximately $44,000. Point72 Asset Management L.P. grew its position in shares of Affimed by 4.6% during the 3rd quarter. Point72 Asset Management L.P. now owns 342,856 shares of the biopharmaceutical company’s stock worth $1,152,000 after buying an additional 15,108 shares during the period. FMR LLC increased its stake in shares of Affimed by 30.0% in the 3rd quarter. FMR LLC now owns 17,696 shares of the biopharmaceutical company’s stock valued at $59,000 after acquiring an additional 4,086 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Affimed by 12.2% during the 3rd quarter. Intellectus Partners LLC now owns 94,361 shares of the biopharmaceutical company’s stock valued at $317,000 after acquiring an additional 10,250 shares during the period. Finally, Choreo LLC bought a new position in Affimed during the second quarter worth $54,000. 30.82% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Get Our Latest Research Report on AFMD Affimed Company Profile ( Get Free Report ) Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States and Germany. The company’s lead product candidates include AFM13 that has completed Phase 2 clinical trial for CD30-positive lymphoma, Phase Ib clinical trial for hodgkin lymphoma, and completed Phase IIb clinical study for peripheral T-cell lymphoma; AFM24, a tetravalent, bispecific epidermal growth factor receptor, and CD16A-binding innate cell engager, which is in Phase IIa clinical trial for the treatment of advanced cancers; and AFM28, an innate cell engager (ICE), which is in preclinical development for the treatment acute myeloid. Further Reading Receive News & Ratings for Affimed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affimed and related companies with MarketBeat.com's FREE daily email newsletter .

Best TV of 2024: A modestly better lineup than usual, but why didn’t it feel that way?Best TV of 2024: A modestly better lineup than usual, but why didn’t it feel that way?

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TOUCHING tributes for the late Jimmy Carter have started to flood in for the "extraordinary leader" who has died aged 100. Joe Biden and Donald Trump have led the heartfelt messages to the beloved former president whose death was confirmed by his family earlier today. Carter, the oldest president in history , and the only one to become a centenarian, has been survived by five other American commander-in-chiefs who have all left touching homages to the great man. President-elect Donald Trump remembered Carter for his leadership and urged Americans to keep the late president's loved ones in their " hearts and prayers". Trump wrote on Truth Social: "The challenges Jimmy faced as President came at a pivotal time for our country and he did everything in his power to improve the lives of all Americans. "For that, we all owe him a debt of gratitude. "Melania and I are thinking warmly of the Carter Family and their loved ones during this difficult time." He later posted a second statement which acknowledged the pair's political and philosophical differences but praised Carter's clear love for America. "He truly loved and respected our Country, and all it stands for," Trump added. "He worked hard to make America a better place, and for that I give him my highest respect. "He was a truly good man and, of course, will be greatly missed. He was also very consequential, far more than most Presidents, after he left the Oval Office." The man Trump is set to replace in the White House in just a few weeks time in Joe Biden described Carter as an "extraordinary leader, statesman, and humanitarian". The fellow Democrat and close friend posted the loving tribute alongside his wife Jill. They said: "Over six decades, we had the honor of calling Jimmy Carter a dear friend." "He was a man of great character and courage, hope and optimism. We will always cherish seeing him and Rosalynn together." Joe, 82, has now taken on the title as the oldest living president following the passing of Carter. Barack Obama - the youngest living American leader - commended the late humanitarian with his wife Michelle. They said: "Maranatha Baptist Church will be a little quieter on Sundays, but President Carter will never be far away — buried alongside Rosalynn next to a willow tree down the road, his memory calling all of us to heed our better angels. "Michelle and I send our thoughts and prayers to the Carter family, and everyone who loved and learned from this remarkable man." Former President Bill Clinton and his wife Hillary also praised Carter's commitment to service. They praised him for his "long and good life" and applauded his belief in faith and selflessness. The final remaining president, George W. Bush, joined his wife Laura to call Carter “a man of deeply held convictions” who “dignified the office ". US vice president Kamala Harris made a similar statement praising Carter's "deep and abiding faith in God, America and in humanity". “He reminded our nation and the world that there is strength in decency and compassion," she continued. "I had the privilege of knowing President Carter for years. I will always remember his kindness, wisdom, and profound grace." Tributes to the statesman even came from overseas as the UK's Prime Minister Sir Keir Starmer lauded Carter's service. The British PM said he “redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad”. King Charles III also described the former US president as a “committed public servant” who “devoted his life to promoting peace”. Sir Tony Blair soon followed with a powerful statement. It read: "Jimmy Carter's life was a testament to public service; from his time in office, and the Camp David Accords, to his remarkable commitment to the cause of people and peace round the world over the past 40 years. "I always had the greatest respect for him, his spirit and his dedication. "He fundamentally cared and consistently toiled to help those in need." Carter , the 39th president of the United States , has died after nearly two years in hospice care. His son Chip Carter confirmed the former president died at his Georgia home on Sunday around 3:45 pm ET. Carter peacefully passed away surrounded by his family who paid an emotional tribute to the former leader. His son Chip said: “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love. “My brothers, sister, and I shared him with the rest of the world through these common beliefs. "The world is our family because of the way he brought people together, and we thank you for honoring his memory by continuing to live these shared beliefs.” Public events will commemorate Carter in Atlanta and Washington, D.C. and a state funeral will be held, The Carter Center confirmed. The former president decided to live out the remainder of his days at his home in Plains, Georgia . Carter, the beloved Democrat and Nobel Peace Prize winner, had experienced several health issues in recent years including melanoma that spread to his liver and brain. He became the longest-living president and the first to make it 100 years old. Carter's death came over a year after the death of his wife, Rosalynn Carter , who died on November 19, 2023, at age 96. Two days before her death, Rosalynn joined her husband in hospice care at their home in Georgia. The former first lady and fierce advocate for mental health was diagnosed with dementia in early 2023. Before his death, Jimmy Carter was the first to pay tribute to his wife of 77 years, "Rosalynn was my equal partner in everything I ever accomplished. "She gave me wise guidance and encouragement when I needed it. As long as Rosalynn was in the world, I always knew somebody loved and supported me."PLAINS, Ga. (AP) — Newly married and sworn as a Naval officer, Jimmy Carter left his tiny hometown in 1946 hoping to climb the ranks and see the world. Less than a decade later, the death of his father and namesake, a merchant farmer and local politician who went by “Mr. Earl,” prompted the submariner and his wife, Rosalynn, to return to the rural life of Plains, Georgia, they thought they’d escaped. The lieutenant never would be an admiral. Instead, he became commander in chief. Years after his presidency ended in humbling defeat, he would add a Nobel Peace Prize, awarded not for his White House accomplishments but “for his decades of untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” The life of James Earl Carter Jr., the 39th and longest-lived U.S. president, ended Sunday at the age of 100 where it began: Plains, the town of 600 that fueled his political rise, welcomed him after his fall and sustained him during 40 years of service that redefined what it means to be a former president. With the stubborn confidence of an engineer and an optimism rooted in his Baptist faith, Carter described his motivations in politics and beyond in the same way: an almost missionary zeal to solve problems and improve lives. Carter was raised amid racism, abject poverty and hard rural living — realities that shaped both his deliberate politics and emphasis on human rights. “He always felt a responsibility to help people,” said Jill Stuckey, a longtime friend of Carter's in Plains. “And when he couldn’t make change wherever he was, he decided he had to go higher.” Defying expectations Carter's path, a mix of happenstance and calculation , pitted moral imperatives against political pragmatism; and it defied typical labels of American politics, especially caricatures of one-term presidents as failures. “We shouldn’t judge presidents by how popular they are in their day. That's a very narrow way of assessing them," Carter biographer Jonathan Alter told the Associated Press. “We should judge them by how they changed the country and the world for the better. On that score, Jimmy Carter is not in the first rank of American presidents, but he stands up quite well.” Later in life, Carter conceded that many Americans, even those too young to remember his tenure, judged him ineffective for failing to contain inflation or interest rates, end the energy crisis or quickly bring home American hostages in Iran. He gained admirers instead for his work at The Carter Center — advocating globally for public health, human rights and democracy since 1982 — and the decades he and Rosalynn wore hardhats and swung hammers with Habitat for Humanity. Yet the common view that he was better after the Oval Office than in it annoyed Carter, and his allies relished him living long enough to see historians reassess his presidency. “He doesn’t quite fit in today’s terms” of a left-right, red-blue scoreboard, said U.S. Transportation Secretary Pete Buttigieg, who visited the former president multiple times during his own White House bid. At various points in his political career, Carter labeled himself “progressive” or “conservative” — sometimes both at once. His most ambitious health care bill failed — perhaps one of his biggest legislative disappointments — because it didn’t go far enough to suit liberals. Republicans, especially after his 1980 defeat, cast him as a left-wing cartoon. It would be easiest to classify Carter as a centrist, Buttigieg said, “but there’s also something radical about the depth of his commitment to looking after those who are left out of society and out of the economy.” ‘Country come to town’ Indeed, Carter’s legacy is stitched with complexities, contradictions and evolutions — personal and political. The self-styled peacemaker was a war-trained Naval Academy graduate who promised Democratic challenger Ted Kennedy that he’d “kick his ass.” But he campaigned with a call to treat everyone with “respect and compassion and with love.” Carter vowed to restore America’s virtue after the shame of Vietnam and Watergate, and his technocratic, good-government approach didn't suit Republicans who tagged government itself as the problem. It also sometimes put Carter at odds with fellow Democrats. The result still was a notable legislative record, with wins on the environment, education, and mental health care. He dramatically expanded federally protected lands, began deregulating air travel, railroads and trucking, and he put human rights at the center of U.S. foreign policy. As a fiscal hawk, Carter added a relative pittance to the national debt, unlike successors from both parties. Carter nonetheless struggled to make his achievements resonate with the electorate he charmed in 1976. Quoting Bob Dylan and grinning enthusiastically, he had promised voters he would “never tell a lie.” Once in Washington, though, he led like a joyless engineer, insisting his ideas would become reality and he'd be rewarded politically if only he could convince enough people with facts and logic. This served him well at Camp David, where he brokered peace between Israel’s Menachem Begin and Epypt’s Anwar Sadat, an experience that later sparked the idea of The Carter Center in Atlanta. Carter's tenacity helped the center grow to a global force that monitored elections across five continents, enabled his freelance diplomacy and sent public health experts across the developing world. The center’s wins were personal for Carter, who hoped to outlive the last Guinea worm parasite, and nearly did. As president, though, the approach fell short when he urged consumers beleaguered by energy costs to turn down their thermostats. Or when he tried to be the nation’s cheerleader, beseeching Americans to overcome a collective “crisis of confidence.” Republican Ronald Reagan exploited Carter's lecturing tone with a belittling quip in their lone 1980 debate. “There you go again,” the former Hollywood actor said in response to a wonky answer from the sitting president. “The Great Communicator” outpaced Carter in all but six states. Carter later suggested he “tried to do too much, too soon” and mused that he was incompatible with Washington culture: media figures, lobbyists and Georgetown social elites who looked down on the Georgians and their inner circle as “country come to town.” A ‘leader of conscience’ on race and class Carter carefully navigated divides on race and class on his way to the Oval Office. Born Oct. 1, 1924 , Carter was raised in the mostly Black community of Archery, just outside Plains, by a progressive mother and white supremacist father. Their home had no running water or electricity but the future president still grew up with the relative advantages of a locally prominent, land-owning family in a system of Jim Crow segregation. He wrote of President Franklin Roosevelt’s towering presence and his family’s Democratic Party roots, but his father soured on FDR, and Jimmy Carter never campaigned or governed as a New Deal liberal. He offered himself as a small-town peanut farmer with an understated style, carrying his own luggage, bunking with supporters during his first presidential campaign and always using his nickname. And he began his political career in a whites-only Democratic Party. As private citizens, he and Rosalynn supported integration as early as the 1950s and believed it inevitable. Carter refused to join the White Citizens Council in Plains and spoke out in his Baptist church against denying Black people access to worship services. “This is not my house; this is not your house,” he said in a churchwide meeting, reminding fellow parishioners their sanctuary belonged to God. Yet as the appointed chairman of Sumter County schools he never pushed to desegregate, thinking it impractical after the Supreme Court’s 1954 Brown v. Board decision. And while presidential candidate Carter would hail the 1965 Voting Rights Act, signed by fellow Democrat Lyndon Johnson when Carter was a state senator, there is no record of Carter publicly supporting it at the time. Carter overcame a ballot-stuffing opponent to win his legislative seat, then lost the 1966 governor's race to an arch-segregationist. He won four years later by avoiding explicit mentions of race and campaigning to the right of his rival, who he mocked as “Cufflinks Carl” — the insult of an ascendant politician who never saw himself as part the establishment. Carter’s rural and small-town coalition in 1970 would match any victorious Republican electoral map in 2024. Once elected, though, Carter shocked his white conservative supporters — and landed on the cover of Time magazine — by declaring that “the time for racial discrimination is over.” Before making the jump to Washington, Carter befriended the family of slain civil rights leader Martin Luther King Jr., whom he’d never sought out as he eyed the governor’s office. Carter lamented his foot-dragging on school integration as a “mistake.” But he also met, conspicuously, with Alabama's segregationist Gov. George Wallace to accept his primary rival's endorsement ahead of the 1976 Democratic convention. “He very shrewdly took advantage of his own Southerness,” said Amber Roessner, a University of Tennessee professor and expert on Carter’s campaigns. A coalition of Black voters and white moderate Democrats ultimately made Carter the last Democratic presidential nominee to sweep the Deep South. Then, just as he did in Georgia, he used his power in office to appoint more non-whites than all his predecessors had, combined. He once acknowledged “the secret shame” of white Americans who didn’t fight segregation. But he also told Alter that doing more would have sacrificed his political viability – and thus everything he accomplished in office and after. King's daughter, Bernice King, described Carter as wisely “strategic” in winning higher offices to enact change. “He was a leader of conscience,” she said in an interview. Rosalynn was Carter's closest advisor Rosalynn Carter, who died on Nov. 19 at the age of 96, was identified by both husband and wife as the “more political” of the pair; she sat in on Cabinet meetings and urged him to postpone certain priorities, like pressing the Senate to relinquish control of the Panama Canal. “Let that go until the second term,” she would sometimes say. The president, recalled her former aide Kathy Cade, retorted that he was “going to do what’s right” even if “it might cut short the time I have.” Rosalynn held firm, Cade said: “She’d remind him you have to win to govern.” Carter also was the first president to appoint multiple women as Cabinet officers. Yet by his own telling, his career sprouted from chauvinism in the Carters' early marriage: He did not consult Rosalynn when deciding to move back to Plains in 1953 or before launching his state Senate bid a decade later. Many years later, he called it “inconceivable” that he didn’t confer with the woman he described as his “full partner,” at home, in government and at The Carter Center. “We developed a partnership when we were working in the farm supply business, and it continued when Jimmy got involved in politics,” Rosalynn Carter told AP in 2021. So deep was their trust that when Carter remained tethered to the White House in 1980 as 52 Americans were held hostage in Tehran, it was Rosalynn who campaigned on her husband’s behalf. “I just loved it,” she said, despite the bitterness of defeat. Reevaluating his legacy Fair or not, the label of a disastrous presidency had leading Democrats keep their distance, at least publicly, for many years, but Carter managed to remain relevant, writing books and weighing in on societal challenges. He lamented widening wealth gaps and the influence of money in politics. He voted for democratic socialist Bernie Sanders over Hillary Clinton in 2016, and later declared that America had devolved from fully functioning democracy to “oligarchy.” Yet looking ahead to 2020, with Sanders running again, Carter warned Democrats not to “move to a very liberal program,” lest they help re-elect President Donald Trump. Carter scolded the Republican for his serial lies and threats to democracy, and chided the U.S. establishment for misunderstanding Trump’s populist appeal. He delighted in yearly convocations with Emory University freshmen, often asking them to guess how much he’d raised in his two general election campaigns. “Zero,” he’d gesture with a smile, explaining the public financing system candidates now avoid so they can raise billions. Carter still remained quite practical in partnering with wealthy corporations and foundations to advance Carter Center programs. Carter recognized that economic woes and the Iran crisis doomed his presidency, but offered no apologies for appointing Paul Volcker as the Federal Reserve chairman whose interest rate hikes would not curb inflation until Reagan's presidency. He was proud of getting all the hostages home without starting a shooting war, even though Tehran would not free them until Reagan's Inauguration Day. “Carter didn’t look at it” as a failure, Alter emphasized. “He said, ‘They came home safely.’ And that’s what he wanted.” Well into their 90s, the Carters greeted visitors at Plains’ Maranatha Baptist Church, where he taught Sunday School and where he will have his last funeral before being buried on family property alongside Rosalynn . Carter, who made the congregation’s collection plates in his woodworking shop, still garnered headlines there, calling for women’s rights within religious institutions, many of which, he said, “subjugate” women in church and society. Carter was not one to dwell on regrets. “I am at peace with the accomplishments, regret the unrealized goals and utilize my former political position to enhance everything we do,” he wrote around his 90th birthday. Pilgrimages to Plains The politician who had supposedly hated Washington politics also enjoyed hosting Democratic presidential contenders as public pilgrimages to Plains became advantageous again. Carter sat with Buttigieg for the final time March 1, 2020, hours before the Indiana mayor ended his campaign and endorsed eventual winner Joe Biden. “He asked me how I thought the campaign was going,” Buttigieg said, recalling that Carter flashed his signature grin and nodded along as the young candidate, born a year after Carter left office, “put the best face” on the walloping he endured the day before in South Carolina. Never breaking his smile, the 95-year-old host fired back, “I think you ought to drop out.” “So matter of fact,” Buttigieg said with a laugh. “It was somehow encouraging.” Carter had lived enough, won plenty and lost enough to take the long view. “He talked a lot about coming from nowhere,” Buttigieg said, not just to attain the presidency but to leverage “all of the instruments you have in life” and “make the world more peaceful.” In his farewell address as president, Carter said as much to the country that had embraced and rejected him. “The struggle for human rights overrides all differences of color, nation or language,” he declared. “Those who hunger for freedom, who thirst for human dignity and who suffer for the sake of justice — they are the patriots of this cause.” Carter pledged to remain engaged with and for them as he returned “home to the South where I was born and raised,” home to Plains, where that young lieutenant had indeed become “a fellow citizen of the world.” —- Bill Barrow, based in Atlanta, has covered national politics including multiple presidential campaigns for the AP since 2012.Admn starts MC poll prep on EC’s cue

Amazon India is racing to launch its quick commerce delivery service, codenamed Tez, by late December or early next year as it looks to join the booming sector that notched up gross sales of about $5.5-6 billion this month led by Blinkit, Zepto and Swiggy Instamart, multiple people aware of the details told ET. Earlier, the US giant was aiming to roll out the service in the first quarter of 2025 but is now keen to accelerate the process, they added. More so, as it is the only large ecommerce firm without a presence in what is India’s fastest growing online business. The launch of Tez in India—which is only a working title for the proposed business—will mark Amazon’s first foray into the quick commerce business globally. According to people briefed on the plans, the matter will be discussed in the next monthly review slated for the first week of December—ahead of its annual Smbhav event. 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Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The ecommerce firm is also making fresh hires for the high-priority project in addition to having a core team of employees working on it. Amazon’s India grocery and essentials team described the project as a ‘greenfield, grounds-up initiative for an upcoming and fast-growing ecommerce space in India’, according to a job post. The final name for the quick commerce service is yet to be decided, sources added. ET first reported about Amazon’s plans on a quick commerce offering in its edition of August 28. “They (Amazon) want to launch it sooner than the end of first quarter in India. Quick commerce is where all the action is if you are a meaningful consumer internet platform. They are also following the same model as others—setting up dark stores, figuring out the details of stock-keeping units (SKUs) and categories, and putting logistics infrastructure in place,” another person aware of the matter said. The company is expected to start the service with groceries and daily essentials. An email sent to Amazon India did not elicit any response till press time Sunday. While Amazon India has its own delivery network in India, it has also engaged with other logistics players for quick delivery services. ETtech Quick moves Flipkart—Amazon’s arch-rival in India—launched its quick service, Minutes , before the start of this year’s festive season sales during September-October and has since scaled the service in major cities. Also in the fray is Tata-owned BigBasket, which has made a shift to the quick model, and has clocked over Rs 900 crore in gross sales last month, people in the know said. Meanwhile, Tata Digital—which runs Tata Neu—has also rolled out its own quick commerce service Neu Flash , which was first reported by ET on October 28. Amazon had discussed a potential deal with Swiggy Instamart before the food delivery company listed on the bourses in early November. The rush of capital into the quick commerce sector has only added to all the platforms scaling their operations aggressively. Last week, Zepto raised another $350 million , adding to its over $1 billion cash-pile while Zomato , parent of Blinkit, has also secured shareholder nod to raise another $1 billion through QIP. “We expect the quick commerce market size to overtake that of food delivery in 2026 in terms of gross order value (GOV). Given a larger addressable market, despite high competition, we see scope for each player to grow materially over the next 3-5 years. The challenge of growth and market share loss comes when the overall market itself has matured,” Morgan Stanley said in a note earlier this month on quick commerce and Zomato-Blinkit. “Overall download share of quick commerce apps has increased in the last 6 and 12 months relative to ecommerce apps, as per third party data,” it said. The report estimated a bear and bull case for the quick commerce market at $25 billion and $55 billion, respectively, by 2030. The projections indicate a similar rise in key metrics like households using ultra-fast delivery, monthly transacting users and their frequency of quick orders. Quick commerce is expected to be just under $7 billion in size for 2024. “In our assumptions, we have assumed that high frequency or high value users would increase from one third to almost half of the total platform and they would account for almost 75-80% of the total value of the business by 2030,” the Morgan Stanley note added on its outlook for 10-30 minute delivery services. Amazon India changes Meanwhile, Amazon India has seen a change of guard at the top with company veteran Samir Kumar taking over the India head role following Manish Tiwary’s exit . The local arm of the US firm is also moving its Bengaluru headquarters in January closer to the airport in the city where the total rent outgo will be less. This is in line with the broader changes in Amazon India where it is looking to curtail costs at various operating metrics. Walmart-owned Flipkart continues to be the market leader in the ecommerce sector besides others like Meesho, Tata Neu and Reliance JioMart also operating in the sector. In FY24, Amazon’s India marketplace unit posted a 14% jump in operating revenue at Rs 25,406 crore while also cutting losses by 28% during the year to Rs 3,469 crore. While this is higher than the 3% revenue increase in FY23, it still lagged growth rates seen during the pandemic period, when revenue grew by 32% and 49% in FY22 and FY21 respectively. Its other India units—payments, transportation— saw a modest 7-9% revenue growth while there was a marginal dip in its wholesale business.

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