Apples iPhone SE local production to start this month
The Dollar Business Bureau US-based technology giant Apple Inc on Wednesday said it is starting initial production of iPhone SE in a ‘small number’ in Bengaluru and begin the shipping of its ‘Made in India’ phone to domestic consumers this month. “We are beginning initial production of a small number of iPhone SE in Bengaluru. iPhone SE is the most popular and powerful phone with a four-inch display in the world and well begin shipping to domestic customers this month,” the company said. Earlier, in February, the government of Karnataka had announced the proposal of Apple to begin initial manufacturing process in Bengaluru. Priyank Kharge, IT Minister, Karnataka government had said on March 30 that Apple Inc would be ready to commence the assembling of iPhones in Bengaluru within a ...
We want to increase our penetration into neighbouring countries: Zen Mobile
Interview by Manishika Miglani India has several domestic mobile brands which are trying to compete with the international companies flooding the handset market in the country. Zen Mobile is one such home-grown mobile manufacturer which is a pioneer in bringing affordable devices to the Indian shores while currently holding 4-5% market share in the feature phone segment. In an interview with The Dollar Business, Sanjay Kalirona, Chief Executive Officer, Zen Mobile, talks about the expansion plans of the company including its vision to start exporting and consolidating the 4G product portfolio. TDB: Zen Mobile currently has a 4-5% market share in feature phones in the Indian market. What is your growth forecast for 2017-18 in terms of expanding this share? Sanjay Kalirona (SK): We are growing at a fast ...
BSE to transfer 81 cos to restricted trade segment from Nov 8
The Dollar Business Bureau Bombay Stock Exchange (BSE) on Thursday announced it would transfer shares of 81 companies to the restricted trade category from November 8, as it aims to ensure market safety and safeguard the investors’ interest. The companies whose stocks will be moved into the restricted segment - T or XT group - include Accel Transmatic, Agio Paper & Industries, DCM Financial Services, Ducon Infratechnologies, Indo City Infotech, Uday Jewellery Industries and Women Networks. Under the BSE’s T or XT category, no speculative trading is permitted and also shares delivery and payment of consideration amount can become mandatory. In its circular, BSE has urged its trading members to take appropriate precaution. It said the trading in these 87 scrips as the ...
Samsung smartphones reloaded with new innovations
Sharath Chowdary After re-loading the smartphones with ‘Make for India’ features such as S bike mode and Ultra Data Saving (UDS) mode, Samsung India has now come up with new innovations – Turbo Speed Technology (TST), Smart Glow, and 7-inch WXGA display. “Samsung has around 48.3% share in Indian smartphone market. The company is focusing in further research and development (R&D) to deliver better technologies as part of ‘Make for India’ initiative. Other than South Korea, India is the only country where we have big R&D centres,” Manu Sharma, Vice President - Mobile Business, Samsung India told The Dollar Business Bureau. The South Korean smartphone maker has three R&D centres at Bengaluru, Noida and New Delhi. Speaking about the importance of Indian market, he said, ...
Blue Star expects a growth of 30% in FY 2017
The Dollar Business Bureau Blue Star, the largest air conditioning (AC) and commercial refrigeration company in India, has expected a total growth of 30 percent during the financial year 2016-17. During a press meet on Tuesday, B Thiagarajan, Joint Managing Director, Blue Star said, "As a brand, Blue Star continues to be a major player in the commercial and corporate segment which consists of a 25 percent of the total market size.” In the last financial year, the company grew at a rate of 20 percent which is more than the growth of industry and had a market share of 10 percent, Thiagarajan said. He further said that we wish to continue to grow at the same pace ...
Mobile handsets market dips by 15% in the first three months of 2015
The Dollar Business Bureau The Indian mobile handsets market declined 15% in terms of overall sales in the first three months of 2015 even as the market leader Samsung managed to retain its leadership position, a study said on Wednesday. Sluggish sales registered in both smart phone and feature phone segments. However, smart phones sales declined by only 7% as compared to more than 18% in the case of feather phones segment. Of the total 53 million mobile handsets sold during the first quarter of this year, 37% (19.5 million) were smart phones, said the report released by Cyber Media Research (CMR) on Wednesday. Experts attributed the downward sales to the lack of customers’ interest in new models and change in ...
