IGI Logo

Reliance Jio to launch 4G enabled low-cost laptop at Rs 15,000: Report

Reliance Jio will launch a budget laptop priced at $184 (Rs 15,000) with an embedded 4G sim card, aiming to replicate the success of its low-cost JioPhone in India's highly price-sensitive market, two sources told Reuters. The Mukesh Ambani-led conglomerate has partnered with global giants Qualcomm and Microsoft for the JioBook, with the former powering its computing chips based on technology from Arm Ltd, and the Windows OS maker providing support for some apps

Xiaomi says 84% of Rs 5,551 cr seized by ED was royalty payment to Qualcomm

Chinese smart devices firm Xiaomi on Sunday said that over 84 per cent of the Rs 5,551.27 crore seized by the Enforcement Directorate was the royalty payment made to US chipset company Qualcomm. The ED, under the Foreign Exchange Management Act (FEMA), has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi -- the highest amount frozen till date in India.

Adani group to raise funds to acquire road projects from Macquarie

After arranging funds for Ganga Expressway in Uttar Pradesh, the Adani group will raise money from the market to buy road projects from Macquarie Asia Infrastructure Fund (MAIF). Two entities of Adani Enterprises — Adani Road GRICL (ARGL) and Adani Road STPL — will raise up to Rs 800 crore through non-convertible debentures (NCDs). Each of them will raise up to Rs 400 crore by issuing debentures.

Honda Motorcycles and Scooter overtakes Hero Motorcorp in retail sales

The month of September 2022 saw Honda Motorcycle and Scooter India overtaking the world's largest two-wheeler maker Hero Motocorp Ltd in terms of retail sales. Last month, over 2.85 lakh two wheelers, rolled out by Honda Motorcycle and Scooter, were registered across the country as against over 2.51 lakh two wheelers of Hero Motocorp, as per the Indian government's Vahan portal.

Poonawalla Fincorp's subsidiary rating upgraded to AAA by Care Ratings

Care Ratings Ltd (Care) has upgraded the long-term rating of Poonawalla Fincorp Limited (PFL) and its subsidiary, Poonawalla Housing Finance Limited (PHFL) to CARE AAA (Triple A), Stable. This rating is applicable for bank loan facilities, non-convertible debentures, market linked debentures and subordinated debt. Mr. Adar Poonawalla, Chairman, PFL stated, The financial services business has been identified to be of strategic importance for Cyrus Poonawalla Group. The current rating upgrade by CARE to AAA (Triple A) reaffirms the strength of the organization and its leadership along with the financial and operational excellence. This is an important milestone in our journey towards becoming a leader in financial services and is a testimony of our commitment towards building a strong institution.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at http://www.aretesecurities.com/
SEBI Regn. No.: INM000012740

Above views are of the author and not of the website kindly read disclaimer