Neflix on Monday announced that its service will now be available on the DTH platforms of Bharti Airtel and Videocon.
It now plans to take a place among the leading air conditioner companies, even when the space is as competitive as smartphones, though offers far better margins.
The Reserve Bank’s lawyer said he would need to review the petition by the two parties before proceeding to argue either way.
Analysts say that Nokia will have a tough time in the market given the intense competition in the price categories that Nokia will launch its phones.
Foxconn, which is Apple's largest contract maker, is said to be in active talks with the government, with which it already has a $5-billion investment pact.
The Taiwanese smartphone maker will also launch its virtual reality headsets in India within the next quarter, at over $950 apiece, after having delayed it by a few months.
Chip-level manufacturing is core to PM Modi’s Make in India programme that may attract big-ticket investment with the entire ecosystem including design and R&D.
The iPhone SE, launched in 2016, was widely anticipated to be aimed at emerging markets, including India, as it was priced lower than all other models.
Handset makers Intex , Karbonn and Lava – pushed out from the top rung by Chinese rivals – said the Indian market still holds potential for smartphones.
A year back, Maharashtra Chief Minister Devendra Fadnavis managed to get the Taiwan firm to commit an investment of $5 billion in the state.
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