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Business News Updates - 06162016

Lets have a look at all the top business news for today from across the world. Expect a gist of all the main news. Check here to skip reading the entire news and get the entire update within 5-10 mins.

NB: Most of the articles below have been sourced from The Economic Times.

  • One plus one offers could possibly be affected after the introduction of the GST bill as the free item may also be affected by the Section 3 of the GST bill. This could call for some change in sales and marketing strategies in the future
  • Though not strictly into the business news category, it seems that the recent controversy ridden movie 'Udta Punjab' which deals with the issue of drug abuse in Punjab has been leaked online. We recommend that you watch it in theatres
  • Can't be complacent with 7.6% growth: Infosys co-founder NR Narayana Murthy. India's growth at 7.6% will add $150 billion to GDP. The $16 trillion US GDP would add ~$500 bn even if they grew at 3%
  • Indian carriers can now fly international even without completing 5 years of local operations. The new government policy makes it mandatory for carriers to have a fleet of 20 aircrafts and operate 20% of the capacity in the domestic sector
  • Ola gives fresh competition to Uber with focus on a new price segment named 'Micro' with lower costs than its previous 'Mini' segment. *Fun fact* Between them, Ola and Uber handle 1-1.2 million rides a day. Uber has shut down the premium services Uber Black and Uber XL in many cities
  • One Plus 3, the flagship killer launched. This version hopes to kill all flagship phones without any mercy looking at the specs. Snapdragon 820 processor and a whopping 6 GB RAM!! It is priced at Rs. 27,999 INR
  • Coding become child's play. It appears that kids are no longer interested in watching cartoons and would rather build an app they desire. All this without any formal training! Check the link for further details
  • Twitter shares have surged over 10% in the past 2 days. And what happened 2 days back? Hint: The biggest ever deal for a social network company. If that doesn't ring a bell then the amount of $26 billion definitely should! There are rumors that Twitter acquisition is on the cards. Yahoo CEO Marissa Mayer had talks with Twitter causing the speculation.
  • Amazon India has moved the Gujarat High Court against the entry tax the state has levied on goods purchased from e-comm websites and entering the other states. Flipkart has already filed a case in the same court against the tax
  • Saving something that affects most of us for the last. Petrol price hiked by 5 paise a litre and diesel by Rs. 1.26 
Moving on to some interesting things across the web.

  1. Top 5 reasons why People in their 30s leave companies: Click here [Source: @HarvardBiz]
  2. How to get your startup funded in Australia? Beginner's Guide [Source: @mashable]
That's all for today. Have a great day!



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