Krafton has pledged a further $150 million investment in Indian game startups over the next two to three years.
25.07.2023 - 12:14 / tech.hindustantimes.com
Xiaomi Corp. plans to focus on 5G smartphones and a leaner product portfolio in India, trying to claw back market share lost to rivals including South Korea's Samsung Electronics Co. in its second-biggest market.
China's Xiaomi held the smartphone lead in India for years before regulatory headaches and a too-vast product portfolio — which by its own admission confused customers — led to its decline. In the quarter to March, Xiaomi ranked fourth behind Samsung, Oppo, and Vivo in India's smartphone market, according to researcher IDC Corp.
India is one of the most intensely contested markets for the world's biggest phone brands, with companies such as iPhone maker Apple Inc. pushing to boost sales in the planet's most populous country. Xiaomi is betting on a gradual recovery, deepening its ties with local partners and simplifying its product offering.
“This year will be number one? No, we will not be,” Muralikrishnan B., President at Xiaomi India, told reporters at a news conference late last week. “These are long-term playoff games.”
Key changes including fewer smartphone launches, an increased focus on customer experience and the growth of sales through brick-and-mortar stores will help the company pivot back to its earlier success, Muralikrishnan said.
In the past, the company launched “just too many products, too many options,” he said. “To a certain extent, we reacted to what competition was doing.”
Xiaomi is also making some other key changes in India, its most important market outside of China. Pushed by New Delhi, it is deepening local sourcing and also handing some of its smartphone assembly in India to homegrown Dixon Technologies India Ltd.
To curtail spending, the company laid off as many as 30 employees in June and more job cuts are likely, the Economic Times newspaper reported. Muralikrishnan, however, said Xiaomi India hasn't let people go this year and doesn't plan to do so.
“You will, in the interest of efficiency, in the interest of clarity of roles, restructure your organization whenever required to suit the needs of the strategy,” he said. “Now to all speculations on us firing people — that is something that I will flatly deny as untrue.”
Xiaomi will unveil a new 5G smartphone Aug. 1 priced at $200 to $250, Chief Marketing Officer Anuj Sharma said. The move is part of the company's strategy to sell affordable, locally assembled 5G models.
Krafton has pledged a further $150 million investment in Indian game startups over the next two to three years.
In recent times, India has witnessed a surge in online scams, leaving many innocent individuals facing financial losses. Common scams include YouTube video likes, Telegram-assigned tasks, and deceptive work-from-home job offers. Now, a new kind of scam has emerged, affecting those who frequently order food from delivery apps.
Just a week after the launch of JioBook (2023), new rumors are emerging that Reliance Jio can launch two new 5G smartphones soon. A major leak from a tipster has shown two new Jio smartphone models appear on BIS (Bureau of Indian Standards) certification website. A report also suggests that the smartphone can be launched at the annual Reliance Industries AGM event, which is scheduled for August 28. Let us take a closer look at these developments, and what these 5G smartphones can look like.
The Indian government has mandated offshore online gaming companies operating in the country to register the business locally or appoint a representative to pay tax on funds collected from customers.
IND vs WI 4th T20 live streaming: The T20 series between India and West Indies has reached its mid-point with the Men in Blue trailing behind. The Indies have gained a 2-1 lead by getting victories in the first two matches, although India bounced back to win their last encounter. The Men in Blue have won both the 2-match test series and 3-match ODI series against the West Indies during their tour. This match could decide the fate of the T20 series therefore both teams would be looking to win this encounter.
Russia is set to return to the moon after nearly 50 years by sending an uncrewed lander toward the lunar south pole, joining a race with NASA and other space agencies.
In May, BGMI made a comeback in the Indian gaming ecosystem for a 3-month trial period after the ban on it was lifted by the Indian authorities. Now, Krafton has announced a $150 million investment in Indian gaming startups to strengthen its hold on the market. The BGMI trial will end in the next two weeks and we'll get to know if the game is going to stay or if it will again go under inspection by the Indian government.
India's Chandrayaan- 3 spacecraft has moved closer to the Moon's surface and it has reduced the orbit by 174 km x 1437 km, ISRO revealed. Now, it will conduct another major manoeuvre on August 14, which will take the spacecraft even closer to the moon. Along with India's Moon mission, Russia is now set to launch its Lunar mission. This will happen tomorrow, August 11, and it will be the country's first attempt after 45 years. Experts believe that both may well have similar landing days.
IND vs WI 3rd T20 live streaming: The Men in Blue have had contrasting fortunes in different formats of the game during their Tour of West Indies. While India won the 2-match test and 3-match ODI series against the Indies, the team lost the first two games of the 5-match T20 series against the same opposition. West Indies defeated India by 4 runs and 2 wickets in the first two matches respectively. While the T20 series almost looks to be done and dusted, there is still a slim chance for the Men in Blue to recover their form as we head towards the 3rd T20.
With the date for Apple's next big event being leaked, the new iPhones are finally on the horizon. Unlike last year where the standard iPhone models got modest upgrades at best, the Cupertino-based tech giant has kept a slew of new features up its sleeve even for the vanilla iPhone 15 and iPhone 15 Plus. Amidst talks of manufacturing issues and supply-chain problems, we finally have a tentative date of when the new iPhones could be rolled out.
Amazon Sale offers: As India prepares to commemorate its 76th Independence Day on August 15, Amazon has decided to add more excitement to the celebrations by offering interesting offers and great discounts on a wide range of products. The Amazon Great Freedom Festival Sale is now live, enabling customers to grab products at affordable prices.
YouTube is one of the most popular video-sharing platforms in the world even though TikTok is giving it a run for its money now. However, unlike a lot of other video sharing platforms, it allows a rather easy downloading of videos from its platform. These videos are available within its app for offline viewing. While it all seems rather simple, there are some caveats. Smartphone users in India who are accessing the app for free can download YouTube videos in 720p resolution only. Furthermore, these videos are available within the app. On the other hand, paid or Premium users can download the videos at full resolution. These videos are available for just 48 hours. After that, you'll need to reconnect your device to a mobile or Wi-Fi network (every 48 hours). Reconnecting will allow the app to check for changes to the video or its availability.