Category: Sales
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Samsung India sold over 20 lakh Galaxy J8, J6 smartphones
New Delhi : Samsung India has sold over 20 lakh units of its recently-launched Galaxy J8 and J6 mid-segment smartphones in India, attracting nearly 50,000 consumers a day, the company said on Monday. Galaxy J6 was launched on May 22 while Galaxy J8 was introduced on July 1. “We are happy with the huge success…
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Rs 1 cr ISRO’s lithium ion cell technology gets overwhelming initial response
By Venkatachari Jagannathan, Chennai : Over 130 companies have shown interest in the Indian space agency’s lithium ion cell technology and the pre-application conference will be held on Tuesday, said a senior official. “The response to our announcement to transfer the lithium ion cell technology is overwhelming. More than 130 companies have purchased the RFQ…
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Moto G6: Dependable performer with good looks in a budget (Tech Review)
By Krishna SinhaChaudhury, New Delhi : Eyeing a bigger pie of the fiercely-competitive budget smartphone market in India, Lenovo-owned Motorola has added a bigger display and visibly improved the design language of the newly-launched Moto G6. It is essentially a successor to the hugely-popular Moto G5 and attempts to fill in the gaps left by…
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Online buying boosts ‘touch, feel’ business of home decor furnishings
By Nivedita, New Delhi : Indians are becoming more conscious about the way their homes look and this has given new wings to the home decor segment on online platforms. Perhaps in response to the growing demand, Walmart announced this February the launch of redesigned home shopping experience on the web. This move was a…
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Walmart buys 77% equity stake in Flipkart for $16 bn
Bengaluru : In a mega deal in India’s e-commerce space, global retail giant Walmart Inc on Wednesday announced it was buying 77 per cent equity stake in the country’s largest e-tailer Flipkart for $16 billion. “Subject to regulatory approval in India, Walmart will pay $16 billion (Rs 1,07,662 crore) for 77 per cent equity stake…
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With $61.1bn in revenue, Apple bullish on Indian market
San Francisco : As Apple posted a healthy revenue of $61.1 billion for its fiscal 2018 second quarter — defying global reports of a weakened demand for its iPhones — the company’s CEO Tim Cook said he will now put great energy into the growing Indian market. During the company’s earnings call with media late…
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‘Expect Samsonite India sales to touch Rs 1,600 cr in 2018’
By Rituraj Baruah, New Delhi : Global travel gear and luggage maker Samsonite expects its sales to grow 18-20 per cent in India to touch Rs 1,600 crore by the end of 2018. “For the year 2017, we did around Rs 1,250 crore in sales. Our goal is that we want to grow around 18-20…
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Selling every handset, not dumping units in secret warehouses: Xiaomi India
By Nishant Arora, New Delhi : Xiaomi, the Chinese electronics and software company, does not have big, secret warehouses in India where it is dumping unsold inventory and is actually selling smartphones faster than any other brand in the country, Xiaomi India Managing Director and Global Vice President Manu Kumar Jain has emphasised. The exponential…
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Can offline expansion bring growth for smartphones in India? (Tech Analysis)
By Faisal Kawoosa, Are all smartphones in India sold online? Not really. This is something which should come as a surprise to the cyber-savvy buyers of gadgets and gizmos. A study from Google, published in 2012 but still relevant, says that 70 per cent of Indians decide about the brand and variant during an online…
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Samsung reaps $39.30 bn net profit in 2017
Seoul : South Korean technology giant Samsung Electronics achieved a net profit of $39.30 billion, 85.6 per cent more than in 2016 thanks to the boom in the memory chip industry. The company also earned a gross operating profit of $52 billion, 83 per cent higher than the previous year, the company said in a…