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RBI Hikes Repo Rate & Huawei Takes a Bite of the Apple: 4 Things to Know Today Stay tuned to get every day updates in 60 seconds.

By Nidhi Singh

Opinions expressed by Entrepreneur contributors are their own.

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1. The Reserve Bank of India has done it again. For the second time in 2018, the RBI has hiked the repo rate to 6.5 per cent, which will affect all businesses.

2. In another news from Reserve Bank of India, the RBI has directed Paytm Payments Bank to stop the onboarding of new customers immediately until further notice.

3. Huawei has had a bite of the Apple. The Chinese tech giant has surpassed Apple to claim the second place in market share of worldwide smartphone shipments in the second quarter.

4. Flipkart's answer to Amazon's prime is here. The e-commerce platform is soon launching a points-based programme called Flipkart Plus for its customers.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

Nidhi Singh

Former Correspondent, Entrepreneur Asia-Pacific

A self confessed Bollywood Lover, Travel junkie and Food Evangelist.I like travelling and I believe it is very important to take ones mind off the daily monotony .

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