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Jio Phone to get big rival? Nokia may bring 4G feature mobiles in India, check details
Posted on 7th October 2017
After Reliance launched the Jio Phone, many major players are planning to jump on the bandwagon of low-cost 4G phones. Recently it was reported that Bharti Airtel will soon launch its own cheap 4G smartphones in the market. But now, another big company seems to have set its target in the vast unexplored market of feature mobile with 4G VoLTE capacities. According to a report in The Economic Times, HMD Global may soon enter the 4G feature phone segment in India. HMD Global is a Finnish company which now manufacturers phones under the Nokia brand. In the report, ET quoted Ajey Mehta, India VP for HMD Global as saying that the company will watch the impact of the Jio Phone, and then take a decision on bringing its own devices.

Nokia getting a 4G feature phone in the market can be a big move, since the company has been known for its features phones. Before the smartphone boom, especially after Steve Jobs launched the iPhone, Nokia was arguably the most trusted mobile maker in this space. Nokia used especially popular in India because of its sturdy and low-cost devices. However, Nokia’s brand value in the feature phone segment did not help much with its Nokia 3310 (revamped version of the iconic device). But that one does not support 4G. If Nokia is able to bring 4G capabilities to a feature phone and offer close of what the Jio phone is offering, it may see a surge in sales.

The 4G VoLTE feature phone market is a highly untapped area, as the target audience is the people who cannot afford a smartphone. The with which many key players are getting in line with the VoLTE services in the country, especially after the entry of Reliance Jio, surely seems to be good news for the average Indian user. It will be interesting to see how Nokia will go about the network facilities on its mobiles, as most of the service providers seem to be working towards making their own 4G feature phones.

According to a report in Counterpoint Research, almost 2.5 crore 4G enabled feature phones will be shipped y the end of 2017. Another report in 2016 said that 120 million smartphones were sold in India. This means India is currently a huge market, and cheap mobiles with good performance have huge potential. This is evident from the fact that even Airtel is planning to come up with a Rs 2,000 smartphone.


Other Latest News
HDFC Bank may rely on Indian market for $2.3 billion share sale
Posted on 18th June 2018
Mumbai: HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as Rs 15,500 crore ($2.3 billion), people with knowledge of the matter said.

The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual practice of splitting the fund-raising between an offering of local stock and a sale of American depositary receipts, according to the people.


Salman Khan’s ‘Race 3’ crosses Rs 100 crore milestone over opening weekend
Posted on 18th June 2018
New Delhi: The Salman Khan box office charm shows no sign of fading. The actor’s latest festival release Race 3 crossed the Rs 100 crore mark over its opening weekend, making Rs 106.47 crore in domestic box office collections. The action thriller has emerged as the second highest opening weekend earner of the year so far after period saga Padmaavat that had made Rs 114 crore, but it had a five-day extended weekend compared to Race 3’s three days.

Sebi plans to amend takeover regulations
Posted on 18th June 2018
New Delhi: Securities and Exchange Board of India (Sebi) is likely to change certain provisions in the takeover regulations, including those pertaining to revision of open offer price, a senior official said.

The watchdog’s move comes after public consultations on a discussion paper about review of SAST (Substantial Acquisition of Shares and Takeovers) Regulations.


Sensex slips over 30 points as Asian shares skid on escalating trade war concerns
Posted on 18th June 2018
Indian stock markets opened on a lower note on Monday following weak Asian peers after trade war concerns escalated between two major global economies. The BSE Sensex slipped 38.51 points to a low of 35,585.73 points during early trade. The Nifty50 of the National Stock Exchange fell around 10 points. Out of 1,166 trading companies on the BSE, 558 advanced as compared to 556 declines indicating a slightly bullish trend in the market.

More trouble for Vijay Mallya, Enforcement Directorate files fresh chagesheet against Kingfisher boss
Posted on 18th June 2018
In more trouble for liquor baron Vijay Mallya, the Enforcement Directorate (ED) has filed a fresh chargesheet against him and his companies on charges of money laundering and allegedly cheating a consortium of nationalised banks to the tune of Rs 6,027 crore..

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