Top headlines: Apple's first online store in India, RBI' OMOs, and more

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Apple poised to open its first online store in India next month

Apple Inc is poised to open an online store for the first time in the fast-growing smartphone market of India next month, according to a person with knowledge of the matter, taking advantage of a relaxation of once-strict prohibitions against foreign direct retail. The iPhone maker, which lobbied New Delhi for years to get around regulations that force companies such as Apple to source 30% of components locally, had originally planned to start online sales within months after the government relaxed the rule last year. Those plans were disrupted