manu kumar jain


Xiaomi sells over 3 lakh Redmi Note 5, Redmi Note 5 Pro in 3 mins

Feb 22 2018

Xiaomi sold more than three lakh units of its newly-launched Redmi Note 5 and Redmi Note 5 Pro in just three minutes during its first online sale on Thursday.

Xiaomi to expand store network in Indian tussle with Samsung

Jan 20 2018

China’s Xiaomi plans to expand its Indian store network as it attempts to grab the lead in a smartphone market which Korea’s Samsung has dominated for more than 5 years.

Xiaomi to bring 'Mi Home' in Delhi-NCR to boost offline sales

Aug 11 2017

Aiming to ramp up its offline presence in the country, Xiaomi is all set to open its 'Mi Home' signature retail store in the Delhi-NCR region.

Redmi 4A sells over 2.50 lakh units in 4 minutes: Xiaomi

Mar 23 2017

Chinese handset vendor Xiaomi today announced the sale of 2.50 lakh plus units of its latest model 'Redmi 4A' in just four minutes through e-commerce giant, Amazon.

Xiaomi elevates India Head Manu Kumar Jain as Global VP

Feb 17 2017

Chinese handset maker Xiaomi has elevated its India Head Manu Kumar Jain to a global role as its Vice President.

Xiaomi looks to ramp up offline distribution

Feb 08 2017

Xiaomi today said it plans to ramp up its offline distribution channel in the country and is targeting around 25 per cent of its turnover from this segment

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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