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Trump attacks Amazon over tax issues: Here's what the President could do

Trump attacks Amazon over tax issues: Here's what the President could do

President Donald Trump renewed his long-running assault on Amazon.com Inc. with an early morning tweet Thursday. But what measures can he actually take against the online retail giant?

He could push for probes of consumer protection, privacy and antitrust issues. He could also step up his support for allowing states to collect sales tax on third-party purchases from Amazon, or seek to have the Postal Service charge more to deliver packages.

Reliance Jio offers Rs 2200 cashback on Nokia 1: The deal and how to get it

Reliance Jio offers Rs 2200 cashback on Nokia 1: The deal and how to get it

HMD Global, the Finnish company behind Nokia-branded phones, on March 26 launched the Nokia 1 in India at Rs 5,499, along with an introductory offer from Reliance Jio. The telecommunication provider, in partnership with Nokia, is offering a cashback of up to Rs 2,200 bundled with the Android Oreo (Go edition)-based smartphone.

Tata Motors, BCCI tie-up for IPL, SUV Nexon to be official partner for T20

Tata Motors, BCCI tie-up for IPL, SUV Nexon to be official partner for T20

Tata Motors on Thursday said it has entered into a three-year partnership with the BCCI under which its compact SUV Nexon will be an official partner for the popular T20 tourney the Indian Premier League (IPL).

The latest edition of the IPL begins on April 7.

Isro's GSLV-F08 carrying GSAT-6A communication satellite blasts off

Isro's GSLV-F08 carrying GSAT-6A communication satellite blasts off

ISRO's GSLV rocket carrying the country's communications satellite GSAT-6A lifted off from the spaceport here today.

The GSLV-F08 rocket saddled with the passenger satellite in its payload fairing blasted off from the second launch pad at 4.56 pm.

Amazon shares fall after Donald Trump reportedly wants to curb its power

Amazon shares fall after Donald Trump reportedly wants to curb its power

Amazon.com Inc shares fell almost 5 percent on Wednesday, wiping more than $30 billion off its market value, after news website Axios reported that U.S. President Donald Trump is obsessed with the world’s largest online retailer and wants to rein in its growing power. Trump has talked about using antitrust law to “go after” the company because he is worried about mom-and-pop retailers being put out of business by Amazon, Axios reported, citing five sources it said had discussed the issue with him.

Maruti Suzuki's Swift keeps the lead, breaks a-car-a-minute sales barrier

Maruti Suzuki's Swift keeps the lead, breaks a-car-a-minute sales barrier

Ten weeks into its launch, the third generation Swift from Maruti Suzuki has already clocked a cumulative booking of 100,000 cars, implying an average booking of one car every minute. Not only does this make Swift the envy of every rival car makers, but it also turns up the heat in house because the numbers are way ahead of those notched up by the company’s recent bestsellers like the new Dzire and Baleno.

Facebook says no to third-party data for targeted ads

Facebook says no to third-party data for targeted ads

In yet another attempt to safeguard users’ data privacy on its platform, Facebook has announced it will no longer allow third-party data for targeting advertisements. “We want to let advertisers know that we will be shutting down Partner Categories,” Facebook said on Thursday. Partner Categories allows third-party data aggregators to offer their targeting directly on Facebook.

TVS Motor gets patent for charging system for EVs

TVS Motor gets patent for charging system for EVs

In a boost to its push for future technology products, the country’s patent office has granted a patent to Chennai-based two-wheeler major TVS Motor for its invention related to a charging system for electric vehicles (EVs). The Chennai patent office granted the patent on Tuesday, for a charging system which the company claims was more of a safety mechanism to prevent the vehicle from being started while plugged-in for charging.

CCI clears UltraTech’s bid to acquire Binani Cement

CCI clears UltraTech’s bid to acquire Binani Cement

UltraTech Cement on Wednesday said it has received the go-ahead of the Competition Commission of India (CCI) on its bid for Binani Cement and added that this proves that apprehensions of the resolution professional (RP) were “unfounded” and that the company was “wrongly” and “unjustifiably” rated as the second-highest bidder. In a statement issued on Wednesday, UltraTech Cement said, “A lot of apprehensions were raised by the resolution professional about UltraTech obtaining the CCI clearance on its bid for Binani Cement.

SBI raises rates by 10-25 bps on some maturities of deposits

SBI raises rates by 10-25 bps on some maturities of deposits

State Bank of India (SBI) on Wednesday raised interest rates on retail and bulk fixed deposits of some maturities by between 10 bps and 25 bps.

The rate on deposits of under Rs 1 crore maturing between two years and three years was raised by 10 bps to 6.6% and that on deposits maturing between three years and five years was hiked by 20 bps to 6.7%. Retail deposits of longer maturities will now yield 6.75%, 25 bps more than earlier. The rate on one-year retail deposits was left unchanged at 6.4%.

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