Newsmakers: Flipkart's Big Billion Sale, RBI policy and more

Flipkart announces 2nd edition of 'Big Billion Sale'
Homegrown e-commerce firm Flipkart announced on Monday the second edition of "Big Billion Sale," to be held between October 13 and 17. An app-only shopping event, 'Big Billion Days', will offer exciting offers and unbeatable discounts across 70+ product categories for customers to shop from, the company said.

Idea to launch 4G services across MP, Chhattisgarh
Idea Cellular on Monday announced that it is working on a plan to launch 4G services in Madhya Pradesh and Chhattisgarh circles in early 2016. "We've already acquired spectrum to launch 4G services in the circle. We are going to launch it in early 2016. We are working on it," Idea Cellular (MP and Chhattisgarh Circle) Chief Operating Officer (COO) Rajesh Naik said.

Apple iPhone 6S, 6S Plus to hit India stores on October 16
Technology firm Apple on Monday said iPhone 6S and iPhone 6S Plus will be available for sale in India from October 16, 2015. The firm started selling its latest smartphones from September 25 in Australia, Canada, China, France, Germany, Hong Kong, Japan, New Zealand, Puerto Rico, Singapore, the United Kingdom and the United States.

RBI may cut repo rate to boost growth
Amid expectations of a 0.25 per cent cut in interest rate to spur growth, RBI Governor Raghuram Rajan on September 29 will come out with the fourth bi-monthly monetary policy for the current fiscal. While deciding on the key lending rate , Rajan will have to take into account various factors including low inflation, sluggish industrial output, below normal monsoon and most significantly the recent decision of the US Federal Reserve to postpone interest rate hike.

Foreign investors to be allowed in commodities futures: Sebi
Securities and Exchange Board of India (Sebi) Chairman UK Sinha has said foreign portfolio investors will be allowed to trade in commodities futures markets. Sindha said Sebi would also focus on how prices and benchmark rates are fixed in commodity markets while also looking at the possibility of having products like options and futures.