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Xiaomi India profit plunges 77 pc to Rs 239 cr, revenue dips to Rs 26,697 cr in FY23

Xiaomi's revenue from operations declined by about 32 per cent to Rs 26,697 crore in FY23 from about Rs 39,100 crore in FY22New Delhi: Chinese smart device maker Xiaomi Technology's profit in India nosedived 77 per cent year-on-year to...

Xiaomi shifts gear towards premiumisation with launch of Rs 1 lakh device

The company launched Xiaomi 14 Ultra priced at Rs 99,999 apiece and Xiaomi 14 for Rs 59,999 per unitNew Delhi: Chinese smartphone maker Xiaomi on Thursday marked a shift in its business strategy to move towards premiumisation of its portfolio...

Eager to see customers at our 1st India retail store: Apple

Welcoming the Narendra Modi cabinet's decision to ease the 30 percent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.In a statement...

Reliance’s e-commerce dream to swallow everyone out there

When Paytm Mall started, it took a cue from its investor Alibaba and aimed to become a digital universe for everything.As part of its initial offers, the company started giving cashback to attract customers.According to Pavel Naiya, Senior Analyst,...

Indian retailers trust Lava brand the most: Report

Domestic smartphone maker Lava has been ranked first by the Indian retailers on trustworthiness as well as timely payouts while Samsung stood second, a report said on Thursday.According to CyberMedia Research's (CMR) "Retail Sentiment Index 2018", the three key...

This is how the great LeEco India story went bust

After arriving in India in January last year, Chinese Internet and technology conglomerate LeEco fast became the true disrupter in the evolving Indian smartphone market with its huge marketing spend -- and the announcement of a state-of-the-art assembling/ manufacturing...

Expert Speak: Gazing into the future of foodservice in India

The extremely competitive food industry of India has shown us time and again the significance of innovation. From a filter coffee to espresso and latte or from cutting chai to detox and flavoured teas, from a simple vadapav to a range...

Samsung Note 7 fiasco, 'Freedom 251' failure made the headlines (2016 in Retrospect)

While the year witnessed next-generation innovations like Artificial Intelligence (AI), Virtual Reality (VR) and Augmented Reality (AR) being introduced into daily lives and into smartphones at a mass level, some flagship failures dented the image of some tech companies. The...

Samsung Galaxy Note 7 global recall good news for Apple iPhone 7: Experts

In a setback for Samsung and a somewhat happy news for Apple as it prepared to launch iPhone 7, the global recall by the south Korean giant of its flagship premium device Galaxy Note 7 over battery explosion fears...
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Digital Icon : Nitin Malhotra

With over 20 years of experience in the consumer goods industry, Nitin Malhotra is recognised for his expertise in...
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