China’s largest smartphone maker Oppo’s sale in India grew to Rs 934 crore last fiscal as compared to Rs 211.5 crore in 2014-15, as per the filings.
Expansion in the offline market and adding new online partners through the year have lead to a 150% growth in volumes sales in the quarter, compared to 2015.
Sales of mobile phones in the quarter ending December will see a sharp sequential decline, with featurephones set to face the steepest drop of 24.6 per cent and a 17.5 per cent fall expected for smartphones.
The company is betting on stronger offline presence and new models, including modular phone Moto Z, to grow its market share in the country.
The move will come a relief to more than 95% of India’s 1-billion plus mobile phone users, who have pre-paid connections.
Analysts say shipments of sub-$100 phones likely to fall 15-20% during Q3.
Airtel Bank plans to expand its merchant network in Rajasthan to 100,000 by the end of the year, giving a big boost to digital payments ecosystem.
The change in tariff emanates from views of stakeholders, after the regulator had issued a consultation paper on reviewing the regulation around USSD services.
Commuters will be able to latch on to the Wi-Fi hotspot once they enter the buses, and connect to Airtel 4G free Wi-Fi hotspot, by keying in their mobile number.
Reliance Global Call also announced an introductory offer with the launch under which customers can avail talk-time worth Rs 200 on sign-up with Rs 100.
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