india

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By Himank Sharma MUMBAI (Reuters) – India has rejected a plan by Apple Inc to import used iPhones, government officials said on Wednesday, a blow to the U.S. tech giant that has been seeking to revive waning sales of its flagship smartphones. Apple sells what it calls refurbished iPhones at a discount in some countries, including the United States. Extending this practice to India would have likely helped it increase its share in one of the world's fastest growing smartphone markets against competitors with much cheaper offerings.

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(Reuters) – Facebook Inc's social media website was inaccessible for some users on Monday afternoon, its second outage in less than a week. The company's shares were down nearly 4 percent at $89.25 in afternoon trading. Facebook's map on Downdetector.com, which monitors disruptions, showed major outages over parts of North America. (http://bit.ly/1aIqOPd) The social network's mobile app appears to be down as well, but Messenger services appear to be working. A message displayed on facebook.com said “sorry, something went wrong. We're working on it and we'll get it fixed as soon as we can. ..

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By Sumeet Chatterjee MUMBAI (Reuters) – Global investment banks are scrambling to get a piece of the action from India's booming technology start-ups, having missed out on the initial flurry of deal-making to their better-connected but much smaller domestic rivals. Banks including Goldman Sachs Group Inc, Citigroup and Morgan Stanley are looking to hire more bankers in India and are now regularly attending “bake-offs” to pitch for advisory roles on deals, according to several banking industry sources. Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings [TEM.UL] and GIC Private Ltd [GIC.UL] piling in. Many large global investment banks have stayed away from work in the emerging sector though due to the relatively small deal sizes.