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.
Former Correspondent, Entrepreneur Asia-Pacific
1 min read

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

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.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Starting, buying, or growing your small business shouldn’t be hard. Guidant Financial works to make financing easy for current and aspiring small business owners by providing custom funding solutions, financing education, and more.

Latest on Entrepreneur