News

Fast charging drives 80% of global smartphone sales in Q1: Report The sales of fast charging-based (over 10 watts) smartphones accounted for almost 80 per cent of the global smartphone market in the first quarter (Q2) of 2023, compared to 74 per cent in Q1 2022 and 29 per cent in Q1 2018, a new report showed on Thursday. According to Counterpoint Research, the increasing adoption of fast charging-capable smartphones is attributed to growing smartphone usage and continuous advancements in hardware. Chinese smartphone brands are leading this trend by in...
Fast charging drives 80% of global smartphone sales in Q1: Report
Fast charging drives 80% of global smartphone sales in Q1: Report
Source: IANS
20/07/2023 7:56:37 PM
Xiaomi India completes 9 years, strengthens commitment to further empower lives Xiaomi India, the country's leading smartphone and smart TV brand, on Wednesday said it is immensely proud to celebrate nine successful years in India. As it completed nine years of success, the organisation said it remains dedicated to providing quality learning opportunities, promoting sustainable energy, fostering environmental conservation, and empowering marginalised communities.  Through strategic partnerships, innovative projects, and community engagement, Xiaomi India s...
Xiaomi India completes 9 years, strengthens commitment to further empower lives
Xiaomi India completes 9 years, strengthens commitment to further empower lives
Source: IANS
5/07/2023 3:16:58 PM
Xiaomi India, EDII launches Skillpreneurship Learning Centres for youth empowerment Leading smartphone and smart TV brand Xiaomi India on Wednesday announced that it has partnered with the Entrepreneurship Development Institute of India (EDII), Ahmedabad -- the National Resource Centre in Entrepreneurship Development -- for Project SPARK, to launch Skillpreneurship Learning Centres (EXSL Centres) to focus on enhancing the economic prospects for young individuals. The project will kickoff with 600 young individuals from districts in Karnataka and Maharashtra in the first p...
Xiaomi India, EDII launches Skillpreneurship Learning Centres for youth empowerment
Xiaomi India, EDII launches Skillpreneurship Learning Centres for youth empowerment
Source: IANS
28/06/2023 2:53:30 PM
India`s smart home security camera shipments grew 48% in Q1 2023 India's smart home security camera shipments grew 48 per cent year-over-year (YoY) in the first quarter (Q1) of this year-- January to March, a report said on Wednesday. According to Counterpoint Research, there was a major increase in demand for home security products as offices started to reopen for working professionals during this time. The average selling price of smart security cameras decreased considerably YoY in Q1 2023, with the Rs 1,500 to Rs 2,000 price range emerging as...
India`s smart home security camera shipments grew 48% in Q1 2023
India`s smart home security camera shipments grew 48% in Q1 2023
Source: IANS
14/06/2023 4:05:09 PM
Xiaomi partners with Dixon Technologies to make mobile phones in India  Dixon Technologies (India) Ltd is partnering with Xiaomi Corp's Indian arm to make and export mobile phones from the country, the contract manufacturer said on Wednesday. The news, which boosted Dixon's shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus.   (Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Savio D'Souza)
Xiaomi partners with Dixon Technologies to make mobile phones in India
Xiaomi partners with Dixon Technologies to make mobile phones in India
Source: Reuters
31/05/2023 11:35:05 AM
India to lure manufacturers with electronics repair pilot project India will start a pilot project this week to establish itself as an electronics repair hub by relaxing cumbersome import-export rules, a move that could draw tech majors such as Flex to expand such operations in the country. Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of Apple and Xiaomi, but the country still lacks an industry for repair outsourcing which is estimated to be worth $100 billion globally and currently dominated by Chi...
India to lure manufacturers with electronics repair pilot project
India to lure manufacturers with electronics repair pilot project
Source: Reuters
30/05/2023 5:16:43 PM
Xiaomi India joins Optiemus to manufacture audio products locally Xiaomi India on Monday announced a partnership with Optiemus Electronics Limited (OEL) to manufacture its audio products in the country. Optiemus Through this partnership, Xiaomi has kicked off the production for its first locally-manufactured audio product at the OEL factory in Noida, Uttar Pradesh. With this collaboration, the company is targeting a 50 per cent increase in smartphone domestic value addition over the next two years. The move signifies a larger initiative in the artif...
Xiaomi India joins Optiemus to manufacture audio products locally
Xiaomi India joins Optiemus to manufacture audio products locally
Source: Accord Fintech
29/05/2023 3:54:55 PM
ZestMoney founders quit as fintech startup fails to raise capital The founders of ZestMoney, India's digital EMI financing platform, have reportedly resigned as the Goldman Sachs-backed fintech startup has failed to raise fresh capital. According to a TechCrunch report, its founders Lizzie Chapman, Priya Sharma and Ashish Anantharaman informed employees about their decision via an email. "Over the last few weeks, we have done a lot of thinking and it has been hard for us to arrive at this conclusion. We have immense belief and faith in the po...
ZestMoney founders quit as fintech startup fails to raise capital
ZestMoney founders quit as fintech startup fails to raise capital
Source: IANS
16/05/2023 10:53:47 AM
Xiaomi India joins United Way India to empower rural communities with sustainable energy Xiaomi India on Monday announced a new mission, in partnership with global philanthropy network United Way India, to empower five villages in the Palghar district of Maharashtra by providing them with effortless access to sustainable energy. The primary objective is to equip these villages with reliable, sustainable energy through Solar Photovoltaic (Solar PV) infrastructure. The initiative's aim is to promote clean and renewable energy by setting up a sustainable solar grid system ...
Xiaomi India joins United Way India to empower rural communities with sustainable energy
Xiaomi India joins United Way India to empower rural communities with sustainable energy
Source: IANS
15/05/2023 4:37:58 PM
5G smartphone share up 45% in India as high-end 4G devices vacate space 5G smartphone share increased to 45 per cent in India in the March quarter, up from 31 per cent in the same period last year, led by Samsung which accounted for more than a quarter of the 5G smartphone shipments, a report showed on Thursday. According to the International Data Corporation, 31 million smartphones were shipped in the country in the first quarter, a decline of 16 per cent (year-over-year), and the lowest first-quarter shipments in four years. Consumer demand remained slugg...
5G smartphone share up 45% in India as high-end 4G devices vacate space
5G smartphone share up 45% in India as high-end 4G devices vacate space
Source: IANS
4/05/2023 4:43:09 PM
Xiaomi doubles down on empowering millions of Indian homes with `Smarter Living` portfolio The last three pandemic years, which confined millions inside their homes in India, has seen the emergence of a redefined smart and connected living in the country. People who stayed at home, and are now part of a hybrid workforce, need a smarter and more connected ecosystem than ever and Xiaomi India, with its one-of-its-kind 'Smartphone x AIoT' strategy -- a comprehensive connection and mutual empowerment between AIoT and smartphones -- has transformed many lives in the country. ...
Xiaomi doubles down on empowering millions of Indian homes with `Smarter Living` portfolio
Xiaomi doubles down on empowering millions of Indian homes with `Smarter Living` portfolio
Source: IANS
3/05/2023 10:00:06 AM
Redmi 12C: Effortless performance, industry-leading display in a budget When it comes to buying an affordable smartphone with good performance, design and camera, Xiaomi is the brand that always has a device to satisfy all your needs. We used the 6GB+128GB variant of the newly launched Redmi 12C in mint green colour for almost a month, and here is what we think about the latest device. Beginning with the phone's design, Redmi 12C features a fresh and distinct striped design at the back, that boosts its overall look, enhancing your style quotient. The ph...
Redmi 12C: Effortless performance, industry-leading display in a budget
Redmi 12C: Effortless performance, industry-leading display in a budget
Source: IANS
2/05/2023 10:47:37 AM
Global smartphone market to gain momentum only in 2nd half of 2023 The global smartphone market remains challenging and it will gain momentum in the second half of the year as channel inventories reach healthier levels, a report has shown. Shipments will stabilise around the levels from 2022 as we move into the middle of 2023, according to market research firm Canalys. "Decline rates will start to improve soon, although this is more connected to the stark contrast between 2022 and 2023 shrinking," said research analyst Lucas Zhong. Vendors...
Global smartphone market to gain momentum only in 2nd half of 2023
Global smartphone market to gain momentum only in 2nd half of 2023
Source: IANS
30/04/2023 8:46:06 AM
Global smartphone market falls 12% in Q1 The global smartphone market experienced a fifth consecutive quarter of decline, falling by 12 per cent (year-on-year) in Q1 2023, a new report has shown. According to market research firm Canalys, Samsung was the only major manufacturer to show a quarter-on-quarter improvement, climbing back to first place with a 22 per cent market share. Apple fell to the second position with a 21 per cent market share, closing the gap with Samsung due to the strong demand for its iPhone 14 Pro series...
Global smartphone market falls 12% in Q1
Global smartphone market falls 12% in Q1
Source: IANS
19/04/2023 3:21:53 PM
OPPO, Vivo, Xiaomi allow users to transfer data between their brand devices Three Chinese technology brands, OPPO, Vivo and Xiaomi, have joined hands to allow users to transfer data between their devices to take on the growing Apple's market share in the country, the media reported on Friday. The three smartphone makers announced the pact on their Weibo accounts, saying their users be able to move system and app data "seamlessly to a new handset belonging to any of these brands," reports South China Morning Post. In 2019, Oppo, Vivo and Xiaomi set...
OPPO, Vivo, Xiaomi allow users to transfer data between their brand devices
OPPO, Vivo, Xiaomi allow users to transfer data between their brand devices
Source: IANS
24/03/2023 5:00:05 PM
Xiaomi India joins United Way India to upskill transgender community in India  Leading smartphone and smart TV brand Xiaomi India on Friday announced a collaboration with the United Way India to upskill the transgender community in the country. The partnership aims to upskill 100 transgender persons across Delhi, Mumbai, and Bengaluru with the knowledge of laptop, computer, and mobile handset repair to enhance their employability and provide sustainable livelihood options to them. The skill development programme is a gateway for the transgender community to ...
Xiaomi India joins United Way India to upskill transgender community in India
Xiaomi India joins United Way India to upskill transgender community in India
Source: IANS
24/03/2023 11:54:51 AM
India`s smart home security camera market grows 44% India's smart home security camera market shipments experienced 44 per cent (on-year) growth in 2022, a report has said. Xiaomi led the market in 2022 with a 33 per cent share. Tapo registered 88 per cent growth and maintained its second position in 2022 with a 17 per cent share, according to Counterpoint Research. The market remains dominated by Chinese players, with the Indian brands accounting for 23 per cent of total shipments last year. EZVIZ jumped to the third spot with a ...
India`s smart home security camera market grows 44%
India`s smart home security camera market grows 44%
Source: IANS
17/03/2023 12:46:02 PM
Xiaomi`s slow shift in India to premium smartphones helps Samsung steal its crown Xiaomi Corp is overhauling its India strategy after misjudging consumer tastes in mobile phones, a costly lapse that has allowed Samsung Electronics to pip the Chinese company to the top spot in the world's second biggest market for the devices. While Xiaomi remained focused on selling mobile phones under 10,000 rupees ($120), Indian consumers were willing to pay up for better looking models with richer features. South Korea's Samsung launched products to meet those aspirations and...
Xiaomi`s slow shift in India to premium smartphones helps Samsung steal its crown
Xiaomi`s slow shift in India to premium smartphones helps Samsung steal its crown
Source: Reuters
16/03/2023 8:43:38 AM
Indian electronics maker Dixon expects 12% sales growth this financial year Indian electronics manufacturer Dixon Technologies, supplier to brands like Samsung and Xiaomi, expects revenue to rise 12% in the current financial year and is considering setting up a plant in Tamil Nadu state, a top executive told Reuters on Monday. Dixon's Managing Director Atul Lall said the company is "seriously considering" investing in Tamil Nadu in the next 12-18 months. It currently has factories in three Indian states but not in Tamil Nadu, a hub for electronics an...
Indian electronics maker Dixon expects 12% sales growth this financial year
Indian electronics maker Dixon expects 12% sales growth this financial year
Source: Reuters
13/02/2023 5:11:49 PM
Xiaomi India to empower 1,600 underprivileged kids with Sourav Ganguly Foundation, CRY Leading smartphone and smart TV brand Xiaomi on Thursday announced its #BackToSchool citizenship initiative in partnership with Sourav Ganguly Foundation (SGF) and Child Rights and You (CRY), with an aim to provide support to 1,600 underprivileged children in higher-secondary classes. Through this partnership, the company aims to empower these children with academic support, provide them with inclusive learning opportunities and reduce early school drop-out chances. Under the initiative...
Xiaomi India to empower 1,600 underprivileged kids with Sourav Ganguly Foundation, CRY
Xiaomi India to empower 1,600 underprivileged kids with Sourav Ganguly Foundation, CRY
Source: IANS
9/02/2023 5:23:47 PM
$20 bn worth 5G smartphones shipped in India in 2022 at 74% growth The 5G smartphone shipment share in India increased to 31 per cent in 2022, with 5G shipments growing 74 per cent (year-on-year), a report showed on Tuesday. 5G smartphones worth $20 billion (in value) were shipped in the country in 2022. Samsung led the 5G segment with 23 percent market share, followed by OnePlus with 15 percent market share. "Driven by a resilient consumer appetite to switch and upgrade, the premium smartphone market continued to gain traction. In fact, the ub...
$20 bn worth 5G smartphones shipped in India in 2022 at 74% growth
$20 bn worth 5G smartphones shipped in India in 2022 at 74% growth
Source: IANS
7/02/2023 11:08:03 AM
Premium segment at highest spot, 5G phones at 32% market share in India  Premium segment (Rs 30,000 and above) contributed 11 per cent to India's smartphone shipments and 35 per cent to overall market revenue in 2022, the highest ever. Samsung led the market in 2022 in terms of shipment value share with a 22 per cent share, followed by Apple, in the country, according to Counterpoint Research. However, in terms of shipment volume, Xiaomi led the market in 2022 with a 20 per cent share, closely followed by Samsung. Xiaomi slipped to third positio...
Premium segment at highest spot, 5G phones at 32% market share in India
Premium segment at highest spot, 5G phones at 32% market share in India
Source: IANS
28/01/2023 1:39:20 PM
Global smartphone shipments fall 17% in Q4: Report The global smartphone shipments fell by 17 per cent (year on year) in Q4 2022, with entire 2022 shipments declining by 11 per cent to fewer than 1.2 billion, a new report has shown. Despite shrinking demand and manufacturing issues in China's Zhengzhou, Apple reclaimed the top spot in Q4 and achieved its highest quarterly market share ever at 25 per cent, according to market research firm Canalys. Samsung finished the quarter second with a 20  percent market share but was the l...
Global smartphone shipments fall 17% in Q4: Report
Global smartphone shipments fall 17% in Q4: Report
Source: IANS
18/01/2023 3:40:52 PM
Global foldable smartphone shipments to reach 22.7 mn units in 2023 Global foldable smartphone shipments are expected to grow 52 per cent (YoY) in FY2023 to reach 22.7 million units, a report showed on Thursday. Key drivers will be Samsung and Chinese original equipment manufacturers (OEMs) looking to make their mark, particularly in Europe and China, according to Counterpoint Research. For FY 2022, global foldable shipments will reach 14.9 million units. Cumulative shipments in Q1-Q3 2022 grew 90 per cent YoY to 9.5 million units. However, global fo...
Global foldable smartphone shipments to reach 22.7 mn units in 2023
Global foldable smartphone shipments to reach 22.7 mn units in 2023
Source: IANS
29/12/2022 12:28:36 PM
Reliance Industries inches up after its arm enters into partnership with Xiaomi India Reliance Industries is currently trading at Rs. 2546.00, up by 0.95 points or 0.04% from its previous closing of Rs. 2545.05 on the BSE. The scrip opened at Rs. 2535.90 and has touched a high and low of Rs. 2548.00 and Rs. 2521.25 respectively. So far 141699 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2855.00 on 29-Apr-2022 and a 52 week low of Rs. 2181.00 on 08-Mar-2022. Last one week high and low of the s...
Reliance Industries inches up after its arm enters into partnership with Xiaomi India
Reliance Industries inches up after its arm enters into partnership with Xiaomi India
Source: Accord Fintech
28/12/2022 3:21:33 PM
Xiaomi India partners with Reliance Jio to offer users a `True 5G` experience * All Xiaomi 5G Smartphones to support Jio True 5G network Xiaomi India, the country’s No.1 smartphone brand, today announced its partnership with Reliance Jio to offer a ‘True 5G’ experience to their consumers. The association will enable Xiaomi and c smartphone users to access seamless True 5G connectivity and stream uninterrupted videos, enjoy high-resolution video calls, and play low-latency gaming on their devices. Users just need to change the preferred network type...
Xiaomi India partners with Reliance Jio to offer users a `True 5G` experience
Xiaomi India partners with Reliance Jio to offer users a `True 5G` experience
Source: PR Agency
28/12/2022 11:39:22 AM
Global handset revenue fall to 3% YoY to around $100 bn The global smartphone handset market's revenue declined 3 per cent (on-year) in Q3 2022 to just above $100 billion, according to latest research. A steeper revenue decline was prevented by a 10 per cent YoY revenue growth of Apple. Consequently, the 5G revenue share reached an all-time high of 80 per cent, according to Counterpoint Research. The record shipment contribution (46 per cent) of 5G handsets, which cost five times an average non-5G handset, also added to the average selli...
Global handset revenue fall to 3% YoY to around $100 bn
Global handset revenue fall to 3% YoY to around $100 bn
Source: IANS
25/12/2022 1:39:10 PM
Homegrown smart TV brands capture record 22% market share in India Indias smart TV shipments grew 38 per cent (on-year) in the third quarter (Q3) and the share of homegrown brands showed the fastest growth to register a record 22 per cent share of the overall shipments, a new report showed on Friday. Global brands led India's smart TV segment with a 40 per cent share, followed by Chinese brands with a 38 per cent share, according to the latest research from Counterpoint's IoT Service. Smart TVs are coming with better features, such as Dolby Aud...
Homegrown smart TV brands capture record 22% market share in India
Homegrown smart TV brands capture record 22% market share in India
Source: IANS
2/12/2022 12:30:44 PM
Xiaomi celebrates 8 years of Note series with over 7 cr happy customers  Xiaomi's Redmi Note series has clocked over 7 crore customers since its arrival 8 years ago, setting new benchmarks in the smartphone industry, especially in India, said the company. Over the last 8 years, it has transformed the Indian smartphone landscape by bringing in the latest innovations that have set outstanding industry standards, benchmarks and expectations among consumers. Redmi launched the first Note back in 2014 with Redmi Note 4G and was one of the first brands to h...
Xiaomi celebrates 8 years of Note series with over 7 cr happy customers
Xiaomi celebrates 8 years of Note series with over 7 cr happy customers
Source: IANS
2/12/2022 12:21:46 PM
5G smartphone shipments grow 30% in Q3: Report  5G smartphone shipments in India grew to 30 per cent (year-on-year) in Q3 2022, while smartphone shipments declined 12 per cent (year-on-year), and on a quarter-on-quarter basis, smartphone shipments recorded a 16 per cent growth, a report said on Wednesday. According to CMR, the overall Mobile market witnessed a 16 per cent (year-on-year) decline in Q3 2022. "On the back of the recent 5G auctions, shipments of 5G smartphones continued to gain momentum during the quarter. Dri...
5G smartphone shipments grow 30% in Q3: Report
5G smartphone shipments grow 30% in Q3: Report
Source: IANS
10/11/2022 9:15:13 AM
Global smartphone market sinks to lowest Q3 level since 2014 The global smartphone market declined by 12 per cent (year-on-year) even as it grew by 2 per cent (on-quarter) to reach 301 million units in Q3, its lowest Q3 level since 2014. According to Counterpoint Research, the smartphone market remained under pressure given deteriorating economic conditions. Ongoing international political tensions resulting in economic uncertainty hit the smartphone market, even though it reversed its slide below the 300-million-mark last quarter thanks to a sli...
Global smartphone market sinks to lowest Q3 level since 2014
Global smartphone market sinks to lowest Q3 level since 2014
Source: IANS
29/10/2022 1:58:53 PM
India smartphone shipments fell 6% in Q3, Xiaomi leads India saw 44.6 million smartphone shipments in the third quarter this year, a 6 per cent decline from the previous year dragged by a lacklustre low-end segment. According to a report by market research firm Canalys, Xiaomi held onto the first place with 9.2 million units as the brand gained traction from July's online sales ahead of the festival season. Samsung came second with 8.1 million shipments and saw strong momentum in the mid-high-end category owing to aggressive offers and ...
India smartphone shipments fell 6% in Q3, Xiaomi leads
India smartphone shipments fell 6% in Q3, Xiaomi leads
Source: IANS
23/10/2022 11:21:48 AM
India to press Apple, Samsung for faster 5G software upgrades in phones India's government will push Apple, Samsung and other mobile phone manufacturers to prioritise rolling out software upgrades to support 5G in the country, amid concerns that many of their models are not ready for the recently launched high-speed service. Prime Minister Narendra Modi launched 5G services on Oct. 1 amid much fanfare, with leading telecom operator Reliance Jio saying it would make the service available in four cities and rival Bharti Airtel in eight. Both companies said t...
India to press Apple, Samsung for faster 5G software upgrades in phones
India to press Apple, Samsung for faster 5G software upgrades in phones
Source: Reuters
11/10/2022 4:03:17 PM
Kotak Mahindra Bank`s Big Festive Dhamaka Khushi Ka Season Reloaded * Over 10,000 offers in store on ‘just about everything’ - travel, dining, Everyday Specials, EMI schemes et al * Customers can avail discounts at  Amazon.in, Flipkart, Reliance Digital, Croma, Myntra, AJIO, PUMA, EazyDiner, DMart, Yatra, EaseMyTrip, Zomato, and many more * Offers exclusively for KMBL debit and credit card holders Mumbai : Kotak Mahindra Bank Limited (“KMBL”/“Kotak”) today announced launch of the fifth installment of its exclu...
Kotak Mahindra Bank`s Big Festive Dhamaka Khushi Ka Season Reloaded
Kotak Mahindra Bank`s Big Festive Dhamaka Khushi Ka Season Reloaded
Source: PR Agency
4/10/2022 1:59:01 PM
Key Stock News: Reliance Jio, Xiaomi, Adani group, Hero Motocorp, Poonawalla Fincorp - ARETE Securities 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 W...
Key Stock News: Reliance Jio, Xiaomi, Adani group, Hero Motocorp, Poonawalla Fincorp - ARETE Securities
Key Stock News: Reliance Jio, Xiaomi, Adani group, Hero Motocorp, Poonawalla Fincorp - ARETE Securities
Source: ARETE Securities Ltd
3/10/2022 11:43:18 AM
Exclusive-Apple, Samsung could benefit as India aims to speed product safety approvals  India will try out a strategy of parallel testing to speed up safety approvals for new electronic devices, an industry group told Reuters on Friday, a move that could boost device launch plans by the likes of Samsung and Apple. The move comes as India scrambles to remove bottlenecks faced by businesses, with Prime Minister Narendra Modi bullish on an  his government targets to be worth $300 billion by 2026. The plan to test different components of the devices simultaneously l...
Exclusive-Apple, Samsung could benefit as India aims to speed product safety approvals
Exclusive-Apple, Samsung could benefit as India aims to speed product safety approvals
Source: Reuters
2/09/2022 5:10:29 PM
Xiaomi fixes bugs in its mobile payment mechanism Global smartphone player Xiaomi has fixed some bugs that were identified in its mobile payment mechanism by cyber security researchers, Check Point Research (CPR) said on Friday. Left unpatched, an attacker could steal private keys used to sign Wechat Pay control and payment packages, and an unprivileged Android app could have created and signed a fake payment package. The cyber-security researchers disclosed its findings to Xiaomi, which acknowledged and issued immediate fixes for the ...
Xiaomi fixes bugs in its mobile payment mechanism
Xiaomi fixes bugs in its mobile payment mechanism
Source: IANS
13/08/2022 12:05:20 PM
OPPO, OnePlus stop smartphone sales in Germany after losing Nokia lawsuit Global smartphone makers OPPO and its subsidiary OnePlus have stopped sales of smartphones and smartwatches in Germany after they lost a patent lawsuit against Finnish telecom player Nokia. Nokia had accused the companies of using its patented technology for processing 4G and 5G signals without paying for a license. Nokia won an injunction to halt sales in a German court last week. The companies told The Verge on Tuesday that that the company halted sales in Germany, blaming "No...
OPPO, OnePlus stop smartphone sales in Germany after losing Nokia lawsuit
OPPO, OnePlus stop smartphone sales in Germany after losing Nokia lawsuit
Source: IANS
9/08/2022 5:15:41 PM
Xiaomi India brings 4th edition of Mi Summit for B-school participants      Xiaomi India on Saturday launched the 4th edition of 'Mi Summit' with the vision of enabling B-School students to get hands-on experience with real-world business case studies and problem statements. The winners will be awarded a cash prize of Rs 2 lakhs, followed by Rs 1 lakh for the runners-up team and pre-placement interviews for both. "At Xiaomi India, we have always focused on providing opportunities to youth that empower them and help in buil...
Xiaomi India brings 4th edition of Mi Summit for B-school participants
Xiaomi India brings 4th edition of Mi Summit for B-school participants
Source: IANS
6/08/2022 11:31:23 AM
Global smartphone shipments fall 9% in Q2 amid economic downturn  Global smartphone shipments fell 9 per cent (year on year) in the second quarter (Q2) this year as Samsung led with a 21 per cent market share, a new report has said. Apple came second with a 17 per cent market share as the iPhone 13 remained in high demand. Xiaomi, OPPO and vivo continued to struggle in China, suffering double-digit declines to take 14 per cent, 10 per cent and 9 per cent market shares, respectively, according to research firm Canalys. Demand has started to wa...
Global smartphone shipments fall 9% in Q2 amid economic downturn
Global smartphone shipments fall 9% in Q2 amid economic downturn
Source: IANS
19/07/2022 2:08:01 PM
Xiaomi India elevates COO Muralikrishnan as President Global tech company Xiaomi India on Friday announced to elevate Muralikrishnan B as President of its India operations, effective from August 1. Muralikrishnan will be responsible for day-to-day operations, services, public affairs, strategic projects and will continue to work towards strengthening the company's commitment towards the Make in India' and Digital India' initiative, the company said in a statement. He served as Chief Operating Officer at Xiaomi India since 2018....
Xiaomi India elevates COO Muralikrishnan as President
Xiaomi India elevates COO Muralikrishnan as President
Source: IANS
15/07/2022 12:48:47 PM
Xiaomi India paid Rs 4,663 cr to Qualcomm as royalty remittance After the Enforcement Directorate (ED) seized nearly Rs 5,551.3 crore from Xiaomi India under Foreign Exchange Management Act (FEMA) for illegal remittances to foreign entities, reliable sources said on Monday that about 84 per cent of the seized royalty remittances were made to US-based chip maker Qualcomm Group. Sources close to the development told IANS that approximately Rs 4,663.1 crore were paid to Qualcomm via proper banking channels. Xiaomi uses Qualcomm chipsets in the majority...
Xiaomi India paid Rs 4,663 cr to Qualcomm as royalty remittance
Xiaomi India paid Rs 4,663 cr to Qualcomm as royalty remittance
Source: IANS
16/05/2022 8:55:58 PM
Karnataka HC permits Xiaomi India to take overdrafts, make payments In a major relief to major tech giant Xiaomi India, the Karnataka High Court has permitted it to take overdrafts from banks and make payments. However, the court has excluded the payment of technology royalty. Vacation Judge Justice S. Sunil Dutt Yadav on Thursday also extended the interim order till May 23 and stated that the matter is now between the banks and the petitioner company. The court had given conditional stay on the order given by the Enforcement Directorate (ED) on April 2...
Karnataka HC permits Xiaomi India to take overdrafts, make payments
Karnataka HC permits Xiaomi India to take overdrafts, make payments
Source: IANS
13/05/2022 11:04:22 AM
Shreeji Translogistics traders higher on bagging business with Xiaomi Technology India Shreeji Translogistics is currently trading at Rs. 201.55, up by 0.55 points or 0.27% from its previous closing of Rs. 201.00 on the BSE. The scrip opened at Rs. 198.10 and has touched a high and low of Rs. 209.80 and Rs. 198.10 respectively. So far 10974 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 210.60 on 14-Feb-2022 and a 52 week low of Rs. 43.50 on 01-Oct-2021. Last one week high and low of the sc...
Shreeji Translogistics traders higher on bagging business with Xiaomi Technology India
Shreeji Translogistics traders higher on bagging business with Xiaomi Technology India
Source: Accord Fintech
15/02/2022 11:51:23 AM
Xiaomi-Poco India market share clubbed together, shows realme's tweet Fastest-growing smartphone brand realme tweeted a creative on Friday that showed India data for the month of October from a leading global research firm, where Xiaomi's smartphone market share has been clubbed with its independent brand Poco to take the brand to the top position. In the tweet, realme revealed Counterpoint Research's monthly mobile tracker data that showed Xiaomi at the top slot with 20 per cent market share in October (with its independent brand Poco's share in...
Xiaomi-Poco India market share clubbed together, shows realme's tweet
Xiaomi-Poco India market share clubbed together, shows realme's tweet
Source: IANS
10/12/2021 4:16:24 PM
Xiaomi 12 likely to debut on Dec 12 Smartphone brand Xiaomi is likely to unveil its upcoming smartphone Xiaomi 12 on December 12. According to GSMArena, it will be December 12, because of 12, 12/12 and symmetry all over. Allegedly the initial idea was to hold the event on December 16, but that is not a 12, the report said. The Xiaomi 12 is said to sport a curved screen with a centre punch-hole for the selfie camera, 120 Hz refresh rate and "2K" resolution, dual speakers, and a triple rear camera system with a...
Xiaomi 12 likely to debut on Dec 12
Xiaomi 12 likely to debut on Dec 12
Source: IANS
27/11/2021 2:03:04 PM
Xiaomi MIUI 13 to launch on Dec Xiaomi is reportedly planning to announce its next major version of user interface (UI) 'MIUI 13' on December 16 in China. The event is reportedly going to be quite a major one and is also expected to announce the next flagship Xiaomi 12 phone, reports GizmoChina. MIUI 13 will bring lots of changes that will greatly improve the user experience. The update was earlier planned for the Mi MIX 4 release. However, the developers needed more time to improve the software. Xiaomi&...
Xiaomi MIUI 13 to launch on Dec
Xiaomi MIUI 13 to launch on Dec
Source: IANS
26/11/2021 10:07:58 AM
Redmi Note 10 series clocks over Rs 3,000 cr in sales in India Redmi India, a sub-brand of Mi India, on Thursday said it has sold 20 lakh units of Redmi Note 10 Series, clocking more than Rs 3,000 crore in sales in the country which is an all-time record for the company. The company achieved this feat across all platforms ever since the launch of Redmi Note 10 Series. Launched in March this year, Redmi Note 10 Pro Max, Redmi Note 10 Pro, Redmi Note 10S and Redmi Note 10 offer a premium and enriching experience to the consumers. "With this q...
Redmi Note 10 series clocks over Rs 3,000 cr in sales in India
Redmi Note 10 series clocks over Rs 3,000 cr in sales in India
Source: IANS
10/06/2021 3:52:27 PM