Top 3 business stories of Oct 7: Apple iPhone7 and iPhone 7 Plus to be available for sale in India by Oct 7 and more

1. Apple iPhone7 and iPhone 7 Plus to be available for sale in India by Oct 7: Know which is best priced for you

Apple is all set to officially start selling its iPhone7, and iPhone 7 Plus in India starting 7 pm Friday. Both iPhone7, and iPhone 7 Plus are undoubtedly the most advanced iPhones yet from Apple. 

Both the smartphones are powered by a new quad-core Apple A10 Fusion processor, which the company claims is 40% faster that Apple A9 and it runs iOS 10.It features breakthrough new camera systems, the best battery life ever in an iPhone and water and dust resistance.

Also Read: Apple iPhone7 and iPhone 7 Plus to be available for sale in India by Oct 7: Know which is best priced for you

2. Reliance Jio pays a whooping Rs 13,672 crores to acquire 269.2 Mhz spectrum

The mega spectrum auction on Thursday witnessed Mukesh Ambani-led Reliance Jio making a committment of Rs 13,672 crore for 269.2 Mhz of airwaves.

The new telecom entrant acquired spectrum in 800 Mhz, 1800 Mhz and 2300 Mhz bands across all the 22 service areas in the country, said Jio, which launched its 4G services last month. "We have expanded our spectrum footprint thereby significantly enhancing capacity of our all-IP data strong network and ensuring world class services for all Indians.

Also Read: Reliance Jio pays a whooping Rs 13,672 crores to acquire 269.2 Mhz spectrum

3. Indian stock markets fall owing to selling pressure in blue-chips stocks

The BSE Sensex opened on Friday at 28,129, touched an intra-day high of 28,156 and low of 27,965. The BSE Sensex fell by 45 points to end at 28,061.14. The Nifty opened at 8,722, hit an intra-day high of 8,724 and low of 8,664. It eventually ended at 8,697.60, down 12 points from its previous closing.

The fall in the Indian stock markets was mainly attributed to active selling in blue-chips stocks. Telecom, IT, oil & gas, consumer durables, banking, pharma and finance stocks witnessed significant selling pressure.

Also Read: Indian stock markets fall owing to selling pressure in blue-chips stocks