India smartphone market grows 20% in Q2 2018, Xiaomi leads tally: IDC

Aug 13 2018

Smartphone shipments grew 20 per cent to 33.5 million units in the June quarter 2018 compared to the year-ago period, boosted by launch of online exclusive devices as well as strong shipments by offline retail-heavy players, research firm IDC said.

70% smartphone users in India switched brands in Q2: Report

Aug 08 2018

More than 70% of smartphone users in India switched brands in the second quarter of this year, befitting Chinese smartphone maker Xiaomi the most which sold nearly 37 per cent of the phones that were replaced, according a CyberMedia Research (CMR) report.

Xiaomi supplier to invest Rs 1,400 cr in Andhra phone component plant

Aug 06 2018

Chinese smartphone maker Xiaomi on Monday said that its component supplier Holitech Technology will invest $200 million (nearly 1,400 crore) to set up a manufacturing unit in Andhra Pradesh that could generate 6,000 jobs in three years.

BlackBerry eyes 10-12% mkt share of Rs 25-45K smartphone segment in India

Aug 02 2018

Optiemus Infracom, which makes BlackBerry phones for the Indian market, expects the brand to capture 10-12% market share of the Rs 25,000-45,000 smartphone segment by the end of this year.

Huawei pips Apple to take 2nd spot in global smartphone tally, Samsung leads: Analysts

Aug 01 2018

Huawei has surpassed Apple to become the second largest smartphone player globally during the June 2018 quarter as the Cupertino giant registered slow sales in India and flat shipment in China, according to multiple industry reports.

Samsung borrows from Chinese playbook in battle for India's smartphone market

Aug 01 2018

Samsung Electronics Co Ltd hasn’t been too proud to adopt in India where Xiaomi Corp and other Chinese brands have made hefty inroads.

HMD Global to hire team to strengthen presence in US: Report

Jul 27 2018

HMD Global is looking to hire an e-commerce lead to deal with its online distribution partners like Amazon and Best Buy.

ASCI pulls up Tata Steel, Xiaomi, 87 others for misleading ads

Jul 26 2018

ASCI upheld complaints against 89 misleading advertisements in April, including those of Tata Steel, Yamaha Motor, Xiaomi and Himalaya Drug company.

Xiaomi launches Android One smartphones Mi A2, Mi A2 Lite

Jul 24 2018

Chinese smartphone maker Xiaomi on Tuesday expanded its Android One line-up with Mi A2 and Mi A2 Lite devices that will come to India soon.

China Huarong trying to recall some loans as cash crunch bites: Sources

Jul 23 2018

China’s biggest manager of bad debts is trying to exit early from at least three loans and investments as it wrestles with a liquidity crunch triggered by an anti-corruption probe into its chairman, people with knowledge of the matter said.

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Stocks In News



Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports


Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports


To decide on buy back of shares on Aug. 20


Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports


Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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