Tag Archives: Million

Future Fashions $250 million deal with Blackstone

MUMBAI | NEW DELHI: Blackstone, the world’s largest private equity firm, has stitched up a $250 million investment in Kishore Biyani’s Future Lifestyle FashionsNSE 1.18 % (FLFL), owner of retail chains Central & Brand Factory as well as several clothing brands, said people aware of the transaction. The primary infusion of capital will be through a combination of equity and structured debt that will fund ... Read More »

Used-cars market shines bright as sales hit 4 million mark in FY19

As automakers continue to report plummeting April sales numbers, the factors triggering a slowdown in the new-cars market don’t seem to be weighing on the used-cars market. Used-cars sales crossed the 4 million unit mark in FY19, with it being 1.2x the size of the new car market. It is also poised to reach between 6.7 to 7.2 million cars ... Read More »

E-vehicles industry to create 10 million jobs in future: report

India has chalked a plan to aid its electric mobility mission by creating a specialised workforce. The blueprint aims at generating 10 million jobs. The Ministry of Skill Development and Entrepreneurship is in the process of preparing the programme to provide adequate manpower to the electric mobility industry. The strategy includes creating a skilled and trained workforce which has an ... Read More »

GM Investing $100 Million in Michigan Plants to Build Autonomous Vehicles

GM Investing $100 Million in Michigan Plants to Build Autonomous Vehicles General Motors Co. will invest more than $100 million in two Michigan assembly plants where it plans to build its Cruise AV driverless car and the roof modules required for autonomous driving. The roof mounted modules contain the vital hardware for self-driving cars, including cameras, LiDAR, and other sensors. ... Read More »

Xiaomi Says Over 3 Million Redmi 3S Units Were Sold in India in Less Than 6 Months

Xiaomi has been a growing brand in India in last two years and now the company has announced that it managed to sell over 3 million units of Redmi 3S smartphones (including Redmi 3S, Redmi 3S Prime, and Redmi 3S Plus models) in less than six months after the phones’ launch in August last year. The Xiaomi Redmi 3S and ... Read More »

Xiaomi Redmi Note 4 India Sales Target Said to Be 7 Million Units

The Xiaomi Redmi Note 4 smartphone, the budget stalwart continues to gain in popularity, with the top variant going out of stock within minutes of the sale starting. So reports that Xiaomi has doubled the India sales target for the smartphone compared to the Redmi Note 3, the predecessor of the new model. The Chinese company has set the Redmi ... Read More »

270 Million Mobile Phones Expected to Be Shipped in India This Year: CMR

The Indian market is estimated to ship 270 million mobile phones in 2017, of which 130 million (48 percent) will be smartphones, Gurgaon-based market research firm CyberMedia Research (CMR) said on Wednesday. Samsung continues to remain the leader and its immediate next ‘floating’ competitor is still half the size in market share by volume. “However, as we see most of ... Read More »

Apple Reports Record $78.4 Billion in Revenue; iPhone Sales at an All-Time High of 78.3 Million Units

Apple on Tuesday reported a rebound in iPhone sales to lift the tech giant to record revenue in the past quarter in quarterly results that eased concerns of slowing growth. The results showed strong demand for Apple’s iPhone 7 models launched last year, with demand outpacing supply. Revenue climbed to an all-time record $78.4 billion (roughly Rs. 5,30,498 crores) compared ... Read More »

Google Paid Out $3 Million to Bug Researchers in 2016; Nearly $1 Million for Android

Google last year gave out $3 million (roughly Rs. 21 crores) as part of its Vulnerability Rewards Program where the company pays out researchers to find, fix, and prevent vulnerabilities specifically in Android, Chrome, and other Google products and services. In a blog post, the company updated the details and said that it nearly gave Android and Chrome researchers nearly ... Read More »

Nokia 6 Second Flash Sale Registrations Reach 1.4 Million on Thursday

Interest in the Nokia 6 smartphone seems to be going strong at the moment, as the registration numbers for the smartphone, ahead of its second flash sale in China, have now touched the 1.4 million mark. Just last week, the available Nokia 6 units were sold out and the smartphone went out of stock within a minute in its first ... Read More »