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With Rs 34,300 crore revenue, Samsung undisputed market leader in India

After registering 27 per cent growth in mobile business revenue for the financial year 2016-17 -- touching a mammoth 34,300 crore -- Samsung has once again become the leader in the highly competitive and price-sensitive Indian market. "Samsung continues to...

Xiaomi to set up more plants in India to add capacity

Xiaomi India, popular for its smartphone brand, has plans to set up more plants and add capacity to manufacture phone and products in other categories. The company currently has three manufacturing plants -- two for phones in Sri City, Andhra...

Gionee eyes spot in top 5 smartphone tally in India by March

Handset maker Gionee aims to secure a spot in the top 5 tally in the Indian smartphone market by March next year as it expands its product portfolio and strengthens retail presence in the country. According to a PTI report:...

Xiaomi shares top slot with Samsung in India

Buoyed by strong sales in the run-up to Diwali, Chinese smartphone player Xiaomi has for the first time shared the top slot with South Korean giant Samsung in the Indian smartphone market, with a market share of 23.5 per...

Tapping into the Indian shopper's mindset

For quite some time now, the transformational growth of e-tailing globally and in India, has led to the death knell being sounded for offline, brick-and-mortar retailers. While it is resoundingly true that the online challenge has greatly impacted the...

Katrina to endorse 'Redmi Y series' in India

Chinese smartphone maker Xiaomi on Thursday appointed actress Katrina Kaif as product endorser for its new 'Redmi Y series' in India. The company also launched new smartphones -- 'Redmi Y1 Lite' at Rs 6,999 and 'Redmi Y1' at Rs 8,999...

iPhone sales in China reach 11mn units

Registering its best performance in China in two years, Apple's iPhone sales for the third quarter of 2017 hit 11 million units, up from eight million units sold during the third quarter last year. "Apple's success in the third quarter...

Xiaomi, Samsung now rule half of Indian smartphone market

Samsung and Xiaomi together contributed to almost 45 per cent of the smartphone market in India in the third quarter of this year as the market grew 37 per cent (quarter on quarter) and 18 per cent (year on...

Flipkart confident to surpass Amazon in smartphone sales

SoftBank-backed Flipkart is confident of extending its lead over US-based rival Amazon in smartphones sales and expects 1 in 2 smartphones sold online during the festive season will be through its platform. "We have been hovering around 2-2.5X of the...

Xiaomi secures US $1bn loan for global expansion

Chinese smartphone manufacturer Xiaomi has secured a US $1 billion loan to expand its footprints globally and increase its retail opportunities, the company said on Friday. The smartphone manufacturer has secured a three-year term US $1 billion syndicated loan agreement...
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Ambani unveils growth roadmap for Reliance, co to double in size by 2030

The company is aiming to double revenues and pre-tax profit in 3-4 years with its new energy business becoming...
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