Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management

Kolkata: Panasonic Corp revenue from the Indian market dipped for the second consecutive year with Japan’s leading consumer electronics maker facing intense competition in the smartphone and television markets, and consumers shifting to buy value for money Chinese and online focussed brands amidst an economic slowdown. As per Panasonic India’s latest regulatory filings with the … Read more Panasonic India revenue dips 10% in FY19; company to enter IT infrastructure management

Techies take ‘fast’ lane on net highway

BENGALURU: On most weekends, Sampad Swain used to be glued to his smartphone — streaming Netflix and Amazon Prime. The time he spent on the phone was as much as 10 hours a day. But that was then. Since October, the cofounder of payments and ecommerce startup Instamojo has cut down drastically on screen time, … Read more Techies take ‘fast’ lane on net highway

CERT-In advises OnePlus users to alter passwords

NEW DELHI: CERT-In, India’s nodal agency for cybersecurity, late on Tuesday issued an advisory for OnePlus smartphone users to change their account passwords. In its advisory, the agency said “less than 3,000 Indian customers” orders were exposed during the recent global system breach. “The kind of information exposed such as name, address, email can be … Read more CERT-In advises OnePlus users to alter passwords

OnePlus probes breach; payment data secure

NEW DELHI: Chinese handset maker OnePlus has said it is working with authorities to further investigate a system breach that resulted in unauthorised access to certain information of users such as names, contact numbers, email and shipping addresses. In a statement to ET, India’s leading premium segment smartphone player, however, said “all payment information, passwords, … Read more OnePlus probes breach; payment data secure

Realme plans offline-centric smartphone series, to expand retail presence

NEW DELHI: Smartphone maker Realme on Wednesday said it is working on deepening its presence in brick-and-mortar retail and will introduce an offline retail-centric series of devices next year as part of its efforts to strengthen its hold in the Indian market. realme, which ranks fourth in the Indian smartphone market, is also looking at … Read more Realme plans offline-centric smartphone series, to expand retail presence

Xiaomi reports record sales in offline trade

Kolkata: Chinese smartphone major Xiaomi India may continue its scorching pace of growth in the crucial October-December quarter with the brand reporting high growth even in brick-and-mortar stores on back of record sales it posted in e-commerce. As per a latest communication sent by Xiaomi India’s director (offline sales) Sunil Baby to offline trade, the … Read more Xiaomi reports record sales in offline trade

Chinese cousins help reduce 71% of Moto sales

Iconic handset maker Motorola, which is now owned by Lenovo, is losing a lot of ground in the Indian market. For the fiscal year ended March 2019, sales at Motorola Mobility India — which houses both Motorola and Lenovo smartphone brands — fell 71% year-on-year (YoY) to Rs 1,972.8 crore, as per latest regulatory disclosures. … Read more Chinese cousins help reduce 71% of Moto sales

Smartphone shipment at 46.6 mn units in Q3, to see mid-to-high single-digit growth in 2019: IDC

NEW DELHI: Multiple online sales festivals, new launches and price corrections on a few key models by brands helped smartphone shipments in India grow 9.3 per cent in the July-September quarter to touch record 46.6 million units, research firm IDC said on Monday. Sequentially, smartphone shipments were higher by 26.5 per cent in the third … Read more Smartphone shipment at 46.6 mn units in Q3, to see mid-to-high single-digit growth in 2019: IDC

Cheaper mobile data is fuelling growth of etailers in non-metros

E-commerce might appear to be a two-horse race but scratch the surface and it’s teeming with other etailers that are reporting brisk business. In fact, this festive season is proving to be great for off-the-radar e-commerce companies. These are the ones that are more conscious of profitable growth and keen to get new and repeat … Read more Cheaper mobile data is fuelling growth of etailers in non-metros

Gionee to develop apps in India to support connected devices

NEW DELHI: Smartphone maker Gionee plans to develop apps in India to support mobile phone accessories and connected devices. The company on Friday launched Smart ‘Life’ watch for Rs 2,999 on Flipkart with customised apps to optimise its function. Gionee now expects to develop all apps for other devices from the scratch in the country. … Read more Gionee to develop apps in India to support connected devices

Vivo to invest Rs 7,500 crore to expand local manufacturing in India

NEW DELHI: China’s Vivo plans to pump in Rs 7,500 crore over the next few years to sharply expand its production capacities, initially for the India market and later for exports, making it among the largest investments into local manufacturing by any smartphone maker. Having previously invested over Rs 400 crore into building manufacturing capacities, … Read more Vivo to invest Rs 7,500 crore to expand local manufacturing in India

Xiaomi not concerned by economic slowdown

NEW DELHI: Xiaomi is not too concerned about the current economic slowdown in the country, expecting growth to be in the higher single digits till the rest of the year. “The first half of the year has passed. And I think in the first half of the year, the market has grown by about 7-9%. … Read more Xiaomi not concerned by economic slowdown

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