RBI Hikes Repo Rate & Huawei Takes a Bite of the Apple: 4 Things to Know Today

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Former Correspondent, Entrepreneur Asia-Pacific
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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.

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