Refurbished smartphone companies like Cashify and ControlZ are taking a page from e-commerce giants’ festive strategies by rolling out heavy discounts on their platforms. The goal is to convert as many as 10% of new smartphone buyers into refurbished handset customers this season. Industry trackers also anticipate that these sellers will introduce flash sales and similar e-commerce tactics to directly compete with Amazon and Flipkart in drawing in shoppers.
RBI likely sold $12 billion in gold reserves amid rupee pressure
India’s central bank, the Reserve Bank of India (RBI), is estimated to have sold nearly $12 billion worth of gold reserves within a two-week period ending May 22. The assessment, based on...
