Rahul Sharma says co won't be replacing senior executives who have quit as the founders are well equipped to run operations, which has the backing of its investors.
“We’re looking for leased space in Noida DTA for one factory and another one will be set up in Southern India,” MD of Salcomp India said.
Micromax, which posted a profit of Rs 363.8 crore in FY15, expects to sell up to 56 million mobile phones in the country by March 2017.
A slew of companies including those in consumer goods and personal grooming segments are now using flash sales to introduce new products.
Chinese e-commerce major Alibaba said it is evaluating all opportunities to build the business organically or look at any other thing that might come along.
Bharti Airtel on Thursday said that it will acquire Videocon Telecom’s spectrum in six circles for Rs 4,428 crore through a bandwidth trading deal.
The board of Videocon wanted the telco to exit from spectrum related business, while Idea was not keen on buying spectrum in UP-East, Bihar, Haryana and MP.
Apple India recently filed a revised application for opening its fully-owned outlets in India, foregoing the 30% sourcing norm. The application is being examined by the DIPP.
Lenovo will ramp up device launches to about 20 this year, increase marketing spend and double ground-level staff at retail outlets to sustain its position in an intensely competitive market.
It offers services to mid-sized companies and has a large customer base in the real estate sector. It also plans to increase share from the enterprise side of the market.
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