Apple, Amazon strike deal to boost sales in India, other key markets
Amazon will delist the Apple and Beats products being sold by non-authorised resellers, paving the way for the Cupertino-based technology company to exert more control over the online sales channel for its devices. Read more
India's economic growth held back due to note ban, GST: Raghuram Rajan
Demonetisation and the Goods and Services Tax (GST) are the two major headwinds that held back India's economic growth last year, former RBI Governor Raghuram Rajan has said, asserting that the current seven per cent growth rate is not enough to meet the country's needs.
Addressing an audience at the University of California in Berkley on Friday, Rajan said for four years -- 2012 to 2016 -- India was growing at a faster pace before it was hit by two major headwinds. Read more
NHAI to focus on executing contracts where all clearances are in place
Tightening its fist on project financing, the road ministry, which aims to construct 30 per cent more roads each day this year, will focus on executing contracts where all requisite clearances are in place. Now, its construction wing — the National Highways Authority of India (NHAI) — is focusing on judiciously planning its expenditure for the current financial year.
The length of highways completed by the Ministry of Road Transport and Highways, the NHAI and the National Highways & Infrastructure Development Corporation Limited (NHIDCL) in 2017-18 was 9,829 km, or roughly 27 km per day. Read more
Netflix has no plans for cheaper India offerings, says CEO Reed Hastings
Netflix chief executive Reed Hastings said that the streaming video company had no plans for cheaper prices in the hotly competitive India market and that an executive's comments suggesting otherwise had been "misunderstood."
In an interview with Reuters on Friday, Hastings noted that Netflix had three price tiers in India: Rs 500 ($6.90) for a basic plan, Rs 650 ($9.00) for a standard plan and Rs 800 ($11) for premium. Those prices are only modestly lower than what the company charges in the United States. Read more
Foodpanda unleashes monster discounts, refunds to capture market share
Imagine ordering the regular chicken biryani from your neighbourhood eatery on a Saturday afternoon — not for Rs 149 per plate — but Rs 49.