News digest: No-cost EMIs, FM's take on RBI, Apple's next launches and more

On Tuesday, Apple will take the stage in Brooklyn, New York, to unveil new Mac computers and iPad tablets

How no-cost EMIs are dramatically changing e-commerce landscape 

No-cost equated monthly instalments (EMIs) offered to consumers by credit card companies and NBFCs are dramatically changing the e-commerce landscape. 

As much as 20 per cent of the gross merchandise value (GMV) of sales made on e-commerce platforms is being financed through the no-cost EMI route.  Just two years ago, the share of such sales was 4 to 5 per cent, according to estimates by finance and e-commerce companies that Business Standard spoke to.  

E-commerce major Amazon.com said that during its big sale that concluded this month, as much as three of the four EMIs