Kumar Mangalam Birla's Note on Indian Economy & HTC's Farewell From the Country: 4 Things to Know Today
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1. Industrialist Kumar Mangalam Birla has said that all’s not well for the Indian economy in the near term. He said that the Rising oil prices and inflation, firming bond yields and a widening current account deficit are areas of concern.
2. It’s a sad day for HTC. The Taiwanese smartphone maker is exiting the Indian market reportedly because of fierce competition and could soon sell virtual reality devices online.
3. Your Netflix subscription could soon get cheaper. To attract new customers, Netflix is planning to change its payment plans in India. Earlier, Netflix CEO Reed Hastings had said that the platform is way behind YouTube and Hotstar in India
3. Will Amazon soon sell cars? Global automobile company Hyundai has signed up with Amazon for a digital showroom. The virtual showroom, for now, will allow you to compare prices, book a test drive or find buyers.
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