Koreans take greater charge of Samsung India's financial transactions
Samsung India is currently undertaking multiple initiatives to boost profit which declined three-fifths in the past two fiscals due to the price war it entered with Chinese companies like Xiaomi, OnePlus, Oppo and Realme in smartphones and televisions. In FY19, Samsung India’s net profit was Rs 1,540 crore, down from its recent peak of Rs 4,156 crore in FY17.
Mobile phone retailers threaten brands of boycott unless online discounting is stopped
Cellphone retailers under the umbrella of their apex n...
CCI’s ‘soft view’ on E-comm rules irks phone retailers
Unhappy with watchdog’s suggestions confederation of All India Traders, All-India Mobi...
Handsets companies say Exports Sop must for investment
Handset brands and third-party manufacturers are putting investments and hiring plans on hold following a sudden reduction in duty credit scrips under the Merchandise Exports from India Scheme (MEIS) to 2%, from 4%.
Two senior Samsung India executives resign
Senior vice presidents, Ranjivjit Singh who was heading mobile phone marketing and Sukesh Jain who was leading the enterprise business, have quit, two senior industry executives said. The exits come at a time when Samsung has been facing competition from the Chinese brigade led by Xiaomi and BBK Group’s four brands - OnePlus, Oppo, Vivo and Realme.
OPPO sets the bar high for 2020, will launch F15 with 48 MP Quadcam on Jan 16
Here’s everything we know about the new OPPO F15.
Mobile makers get retailer ultimatum on online discounts
More than 50,000 mobile phone retailers have given an ultimatum to the top five smartphone brands to permanently stop online discounting and launch of online exclusive models, claiming that the ecommerce push had badly hurt their business.
Smartphone maker Vivo assures offline retailers of price parity in 2020
Handset-makers including Xiaomi, Oppo and Vivo in October had issued trade advisories to their retail partners to assure that they will bring price parity between their online and offline channels.
Huawei, Oppo woo developers for localised mobile services
Experts say the move is part of Huawei's effort to build an alternative to Google's service suite, called Google Media Services (GMS), since there is uncertainty on the use of GMS on Huawei and Honor mobile phones following restrictions announced by the US government earlier this year.
Market Movers: What changed for D-Street while you were sleeping
Nifty staged a smart rebound on Monday but still settle marginally lower for the day.
Nokia 2.3 with dual-camera & 'Recommended Shot' feature launched in India at Rs 8,199
The Nokia 2.3 features a large 6.2-inch screen and promises a two-day battery.
OPPO to spend $7 bn on R&D in three years
Owned by BBK Group (which also owns Vivo, Realme and OnePlus), Oppo is the fourth largest player globally with a share of 9% as per Counterpoint Research. The group is close to becoming the largest smartphone manufacturer group globally, accounting for over 20% of the global smartphone market and three of its brands in the top 10, said a report.
Oppo gives sneak peek into future of 'intelligent connectivity', plans USD 7 bn R&D push
The company has also announced its plans to invest about USD 7 billion over the next three years on its research and development initiatives that include building core technologies in hardware and software as well as frontier innovations such as 5G/6G, big data, cloud computing and augmented reality (AR).
Battered by competition, Intex plans to make products for Chinese firms
It has found an innovative plan to deal with the scourge that all but wiped off India's mobile industry.
Reduction of handset export incentives to 2 per cent will lead to massive job losses: ICEA
ICEA said discussions have been going around between the industry and the government for the past three months to replace the Merchandise Exports from India Scheme with a WTO-compliant scheme but the Director General of Foreign Trade surprisingly notified downward revision of the export incentive.
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