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.

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.

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.

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.

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.

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%.

The BSE Sensex slumped 206 points in see-saw trade today to close below the 33,000-mark on the last trading session of 2017-18 but finished the fiscal with a gain of 11.30 per cent.

Besides weak global cues, squaring-up of bets by investors due to end of March month expiry in the derivatives segment halted its two-session winning run, brokers said.

The Securities and Exchange Board of India (Sebi) on Wednesday tightened the derivative markets framework to curb the excessive speculation and prevent small investors from entering the high-risk space. The market regulator, at its board meeting held on Wednesday, also accepted majority of the recommendations made by the Uday Kotak Committee on corporate governance but deferred decision on key proposals such as one on sharing of information with promoters.

The government will divest 76 per cent stake in Air India, according to the information memorandum on the airline’s proposed stake sale released on Wednesday. The sale will include Air India's shareholding in low-cost Air India Express and its joint venture ground handling subsidiary AISATS.

Bidders must have a minimum net worth of Rs 50 billion and net profit for three preceding years. However, the rule has been relaxed for Indian carriers to enable them to participate in the bid process.

Tata Motors-owned Jaguar Land Rover (JLR) has struck a long-term strategic partnership with US-based Waymo to develop the world's first premium self-driving electric vehicle.

JLR and Waymo, formerly known as the Google self-driving car project, will work together to design and engineer self-driving Jaguar I-PACE vehicles.

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