4832: Southern states to benefit most from GST rate cuts; Apple’s India playbook: Network of 17 partners; PhonePe files IPO papers | MC Editor's Picks

Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka are set to gain the most from GST rate cuts and may see the steepest drop in inflation. PhonePe has filed IPO papers with Sebi for via the confidential route, seeking to raise around Rs 12,000 crore. Meanwhile, Apple has built a network of 17 equipment and tooling partners in India over the past two years, in a move to localise its supply chain.