Kumar Mangalam Birla's Note on Indian Economy & HTC's Farewell From the Country: 4 Things to Know Today Stay tuned to get every day updates in 60 seconds.

By Sanchita Dash

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

1. Industrialist Kumar Mangalam Birla has said that all's not well for the Indian economy in the near term. He said that the Rising oil prices and inflation, firming bond yields and a widening current account deficit are areas of concern.

2. It's a sad day for HTC. The Taiwanese smartphone maker is exiting the Indian market reportedly because of fierce competition and could soon sell virtual reality devices online.

3. Your Netflix subscription could soon get cheaper. To attract new customers, Netflix is planning to change its payment plans in India. Earlier, Netflix CEO Reed Hastings had said that the platform is way behind YouTube and Hotstar in India

3. Will Amazon soon sell cars? Global automobile company Hyundai has signed up with Amazon for a digital showroom. The virtual showroom, for now, will allow you to compare prices, book a test drive or find buyers.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform). 

Stories, movies and PJs are my thing. 

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing. 

 

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