Both existing and new customers of Jio can avail a cashback of up to Rs 2,200 on buying smartphones of 22 companies, including Samsung, Xiaomi, Huawei and Blackberry.
Redmi Note 5 Pro will cost Rs 13,999 for the 4GB RAM and 64GB variant and Rs 16,999 for the 6GB RAM and 64GB ROM option.
China’s Xiaomi has climbed back into the global top five vendors list as the global market shrunk annually, even if only by a fraction, for the first time in 2017.
Apple surpassed Samsung to become the top smartphone brand in the fourth quarter of 2017 as it shipped 77.3 million iPhones globally, a report said.
Xiaomi led the Indian market with shipments close to 8.2 mn units in Q4 2017 overtaking Samsung which shipped a little over 7.3 mn smartphones , Canalys said.
Xiaomi holds a market share of 27.4 per cent in the market, having shipped 8.2 million smartphones in the fourth quarter of 2017.
Qualcomm Technologies Inc has signed memorandums of understanding for sales worth at least $2 billion with Lenovo, OPPO , vivo, Xiaomi.
Samsung has lost its crown as the top smartphone seller in India for the first time in six years, as it was outsold by China’s Xiaomi in the final quarter of 2017.
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 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 five years.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa