ED Thursday filed charge sheet in money-laundering probe against Vivo. Allegations against firm include visa fraud. Vivo has maintained that it is ‘cooperating’ with probe.
Report by Counterpoint Research attributes decline in smartphone shipments to sluggish demand, high inventory buildup & growing consumer preference for refurbished phones.
About 90% of individuals surveyed for the fourth edition of Vivo’s 'Switch Off' study also said that time spent on smartphones was their 'most preferred way' to relax.
Smartphone leaders like Xiaomi, Vivo, Oppo, and Huawei, besides smaller fintech players, are under the scanner of various central agencies for a laundry list of alleged offences.
The Ministry of Corporate Affairs will scrutinise auditor reports and has received information from unnamed sources that indicates potential violation including fraud.
Cheaper handsets with innovative designs are steadily winning over the market, posing a serious threat to the two tech giants.
Apple and Samsung’s domination of...
The combination of China’s rapid reemergence as a global power and a US led by an unstable president are increasing geopolitical risks, but India is too immersed in fighting internecine battles.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
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