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Apple’s iPhone turns 10, bumpy start forgotten

Apple Inc’s iPhone turns 10 this week, evoking memories of a rocky start for the device that ended up doing most to start the smartphone revolution and stirring interest in where it will go from here.
Apple has sold more than 1 billion iPhones since June 29, 2007, but the first iPhone, which launched without an App Store and was restricted to the AT&T Inc network, was limited compared to today’s version.
After sluggish initial sales, Apple slashed the price to spur holiday sales that year.

Whirlpool promotes cooking range

FMCG major Whirlpool of India, an arm of the NYSE-listed $20 billion global leader in home appliance manufacturing – Whirlpool Corporation, seems well set to add a dash of gastronomical delights to brand promotion of its cooking range.
The company has roped in chef patron Kunal Kapur to create an exclusive and exciting range of new recipes with the top-of-the-line Whirlpool cooking range and thereby endorse the company’s built-in cooking appliances, top company officials said.

All new BMW 5 Series launched in India

German luxury car maker BMW, India’s second largest, on Thursday launched its all-new seventh generation made-in-India BMW 5 Series luxury sedan to take on market leader and archrival Mercedes-Benz, Audi, Jaguar Land Rover and Swedish Volvo Car brand in Asia’s third biggest car mart.
With an aggressive price tag between Rs 49.90 lakh and Rs 61.30 lakh for the top-trim at New Delhi showroom, the BMW 5 Series will directly compete against recently launched new Mercedes E-class long-wheelbase, Jaguar XF, Audi A6, and Volvo S90 in the country.

Tata Motors, Volkswagen tie-up runs into rough weather

The Tata Motors and German Volkswagen Group partnership for joint development of new platform for producing the next generation mass market cars in India is likely to get cancelled. The two major car manufacturers have reportedly run into rough weather, with differences over the use of platform to make the new cars and doubts related to business viability, according to industry sources.
The joint plan also included developing smaller sedans and sports utility vehicles (SUVs) for the Indian market, the fifth largest car market in the world.

Amazon Starts Charm Offensive as Merchants Defect to Wal-Mart

For years, Amazon.com Inc. was the go-to place for online merchants.
Increasingly, however, the e-commerce behemoth has competition for the hearts and minds of millions of mom and pops. Wal-Mart Stores Inc. is successfully courting many of the same merchants. Alibaba Group Holding Ltd.'s Jack Ma was in Detroit last week dangling millions of Chinese web shoppers before US businesses. In July, EBay Inc. will host its annual seller celebration in Vegas.

China’s SAIC to manufacture in India

SAIC Motor, the $100 billion Chinese giant car manufacturer, listed on the Shanghai stock exchange, will be setting up its first fully-owned car manufacturing facility in India and start commercial operations by 2019.
The Shanghai-based car manufacturer will be operating in the Indian market under the "MG" (Morris Garages) brand, as MG Motor India. But it will not be a cake walk for the new entrant.

Women’s apparel market set to outgrow men’s by 2025

Women are considered to be more enthusiastic about shopping compared with men and globally they consume more apparels than men. But that is not the case in India. It will take another 8 years for women’s apparel market to overtake men’s in India.
Women’s apparel market will grow to Rs 2.7 lakh crore and overtake men’s by 2025. The increased consumption of branded apparels will be one of the key factors that will help women’s apparels grow at 20 per cent, finds a study.

Nintendo's Latest Blast From the Past: SNES Classic Console

Nintendo Co. is discovering that nothing sells like nostalgia.
The Japanese gaming company is bringing back the Super Nintendo Entertainment System, the hit console that debuted in 1990, as a smaller device with 21 pre-installed classic games and two controllers. The retro SNES follows on the heels of the success of last year’s hit revival of Nintendo’s classic first-generation machine.
While Nintendo has always been a shrewd marketer of long-running gaming characters such as Mario and Zelda, the classic consoles are more of a direct appeal to people’s childhood memories.

The $130,000 Love Child Between a Supercar and a Station Wagon

Yes, there is such a thing as a Corvette wagon.
Made in Temecula, Calif., the Callaway Corvette Aerowagen combines the best of a lot of worlds in a strikingly unusual frame. The hatchback rear will fit three large golf bags, and a 757-horsepower V8 engine is under the hood. It can hit 60 mph in 2.7 seconds.
It also costs a fraction of the price of the multiple six-figure supercars from Lamborghini, Ferrari, and McLaren with similar power. A base 2016 Z06 Coupe costs just under $110,000, but most Callaway Corvettes cost anywhere between $120,000 and $150,000.

1,000 companies borrowed Rs 1,00,000 crore less in FY17

The record low bank credit growth of 5.1 per cent in FY17 was led by the top 1,000 listed companies, which saw their net loan outstanding decline by a whopping Rs 1,00,000 crore in the reporting year, said a report.
One-third of this massive contraction was led by just 10 companies, which cumulatively availed of Rs 33,571 crore less in the year over the previous year, according to the report by SBI Research.

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