Apple’s India map provider doubles as it rivals Google’s product

Shares of MapmyIndia, an Indian navigation company, have doubled in value in the past six months as its mapping service gains popularity in India. Market analysts are divided on whether the rally will continue, with some seeing the company's domestic growth potential while others consider its valuation to be a barrier. The company, founded by Rakesh and Rashmi Verma, provides mapping services to businesses such as Apple and BMW. MapmyIndia is also investing in drone technologies and expanding internationally to meet client demand.