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The Dollar Business Bureau  With explosive growth recorded in data usage, led by lucrative offers from telecom operators such as Reliance Jio and Airtel, India is expected to become the second biggest 4G handset market by 2018, said a report by market research firm Counterpoint on Thursday.  With a projected installed user base of around 340 million 4G handsets, India will take over the US as the second biggest market. Currently having a user base of 150 million, India is placed just behind China and the US, said the report.  There is speculation that US would see the 4G installed base to rise 245 million from the current 225 million. India too is likely to witness an accelerated growth, led by rising usage ...

The Dollar Business Bureau India’s largest mobile maker, Micromax, revealed its plans of global expansion and to enter the Chinese market next year. Vikas Jain, co-founder of Micromax, stated that they are likely to enter China’s market in 2017 as the company believes the country will be a crucial market in the future due to its size in phone business. He was speaking at a gathering at Rise Technology Conference in Hong Kong when he hinted that Micromax may go public within two years, a move which will help the company to acquire funds for adding various services. According to some reports, the declining market share of Micromax in India was the reason behind its plans to enter the Chinese market. Micromax has ...

Steven Philip Warner | The Dollar Business   A deluge of frantic arguments and fickle narrations have of late been thrown on our desks and shown on the idiot-box in connection with two nations. One rigged-yet-popular, the other, loved-by-gods-yet-bullied-by-men. In the three weeks leading to July 8, 2015, stock markets in China blew up 14 Greeces in market value! So, let’s focus on a $7 trillion economy and push aside a debt-laden economy – one that accounts for less than 0.1% of India’s exports and 0.03% of imports – as another case of brazen idiocy on the part of its ‘eurosceptic’ political heads and subtle infatuation of both the Troika and Merkel with the ‘economic-nuke’ button. So, let’s talk China. China has been ...

Sai Nikesh | The Dollar Business Owing to already-existing demand overseas, in the current year since January, around 15 tonnes of human hair has been exported to Rangoon, Myanmar from Tiruchi International Airport (TIA), sources from cargo department of TIA told The Dollar Business on Thursday. Around 2-3 consignments, each containing 1000 kg of human hair is reaching the airport every month, mostly from the regions like Bangalore, Chennai, among others, added the sources. “Rangoon, Myanmar account to 90% share of India’s human hair exports,” said one of the key sources from Air Asia Airlines, one of the leading carriers of Indian human hair exports, besides Malaysian Airlines. However, according to V Karthi, Secretary, Indian Human Hair Exporters Association, Indian human ...

 The Dollar Business Bureau An industry body has asked the government to take urgent steps to reduce non-tariff barriers and ensure level-playing field for Indian companies in China. The Confederation of Indian Industry (CII) submitted a memorandum to the government a day before Prime Minister Narendra Modi was scheduled to begin his five-day tour to China, South Korea and Mongolia. Expressing concern over various challenges faced by Indian firms in IT, pharma and media sectors, the memorandum said that though the bilateral trade rose at a compound annual growth rate (CAGR) of 15% since 2007-08, the trade deficit has been burgeoning in an unsustainable manner. “Sectors such as IT, drugs and pharma, and media and entertainment pose several challenges for ...