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.
Saudi Aramco will increase flagship Arab Light crude prices for May sales to a premium of $19.50 over regional benchmarks for refiners in Asia, still less than what traders anticipated.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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