India's Top 10 Most Valued Firms Lose $21.53 Billion in Market Cap

On Monday, the top 10 most valued firms in India experienced a significant loss in market valuation, shedding a total of ₹2,58,376 crore (US $21.53 Billion). Reliance Industries Ltd. (RIL) and Tata Consultancy Services Ltd. (TCS) were the primary contributors to this decline.

1. Reliance Industries Ltd. (RIL): Lost ₹69,454 crore, bringing its market cap to ₹19.59 lakh crore.

2. Tata Consultancy Services Ltd. (TCS): Lost ₹45,024 crore, resulting in a market cap of ₹15.22 lakh crore.

3. HDFC Bank Ltd.: Also experienced a decline, losing ₹32,723 crore, with a market capitalization of ₹12.26 lakh crore.

4. State Bank of India (SBI): Saw its valuation decrease by ₹33,780 crore, reaching ₹7.22 lakh crore.

5. Hindustan Unilever Ltd. (HUL): Interestingly, HUL was the only gainer during this session, with its market cap rising by ₹6,449 crore to ₹6.39 lakh crore.

Overall, Reliance Industries remained the most valued firm, followed by TCS, HDFC Bank, Bharti Airtel Ltd., ICICI Bank Ltd., State Bank of India, Infosys, Hindustan Unilever Ltd., ITC Ltd., and Larsen & Toubro Ltd. Despite the losses, the Indian benchmark indices ended at their lowest levels since June 28, reflecting the impact of these market fluctuations.

What Makes iVOOMi Fit In Indian Smartphone Market

Looking at the Indian Smartphone market flooded with multiple national and international players, we may construe that the industry is self-sufficient and it lacks nowhere. Yet, ensuring that the right technology is equally distributed to all and the benefit reaches everyone in the bell curve from top to bottom, is the need of the hour. It seems that iVOOMi has taken up this task in the country.

With the aim to bring the best of technologies that are available in high-end Smartphones to the entry-level segment, iVOOMi wishes to ensure that its target customers get an apt doorway to begin their use of such devices.

Given the fact that we co-exist in a world where Smartphones are synonymous to necessity or essential/basic requirement, it is necessary that everyone possess this instrument. "Looking at the Indian Smartphone market bunged up with multiple players, iVOOMi as a brand was able to identify the gaps that could be filled in by an entry level Smartphone which is potent enough to pull off various aspects in a phone like its design and form factor, memory, battery and the screen. It goes without saying that iVOOMi has hit the right chord and its study is absolutely correct," says Ashwin Bhandari, CEO, iVOOMi India. 

iVOOMi has entered the Indian market with its Smartphone series called the ‘ME’ series. It typically looks like a unique value proposition within a range of 4G – VOLTE enabled phones providing long hours of usage and a richer user experience in that price range.As a human tendency, we generally budget our requirements to derive value out of all that we spend. These devices can directly cater to such requirements

"As a human tendency, we generally budget our requirements to derive value out of all that we spend. These devices can directly cater to such requirements were just at a price point of Rs 4999/, you can get all that you can expect out of a quality Smartphone," says Bhandari.

These Smartphones offer 2GB RAM and 16GB ROM with the battery as big as 3000mAh. Further, company also offer a fast charge that can help you charge the phone to 100% within two hours. This makes the phone unbeatable in this category and puts it far ahead of its competitors.

With its experience and legacy of 16 years and R & D centres in China and Hong Kong, iVOOMi has been able to develop an unparalleled proposition in the market and launch such an innovative product. "In future, with plans to bring in more SKUs and series lying between the range of Rs 4000 to Rs 10,000, the brand promises to come up with more such lucrative offers for the telecom fraternity and give a boost to the segment as a whole," concludes Bhandari.

Philips all set to re-launch itself in the Indian Mobile Market

The Dutch electronics maker is all set to re-enter the Indian Smartphone market after a hiatus of seven years. The company will re-enter the fastest growing Smartphone market in the world by launching a series of feature and Smartphones. The phones are expected to be unveiled on 28th May by Sang Fei Consumer Communications Co. in New Delhi.

Sang Fei which is a joint venture between Shenzhen SED Industry Co. and Philips electronics has developed this new range of phones which will be sold all over the world. SS Bassi currently Sang Fei’s head of SAARC operations and who has earlier worked with Reliance communications and Lenovo has been bestowed upon the duty to look after the Indian Business.

 

Philips mobile phone business all over the globe was taken over by China Electronics Corporation which is the parent company of Sang Fei in 2007. Philips initially used to sell mobile phones in India but it stopped do so after the acquisition. The price range in which the phones will be offered hasn’t been revealed by the company yet. The company should surely take some lessons from Motorola which was successfully able to re-launch itself in the Indian market by creating phones heavy on features and low on prices.

The company’s re-entry into the Indian business won’t be a cake walk. As it will not only have to face stiff competition from the likes of Nokia, Samsung, Apple and Sony etc. but it will also have to face the heat from in-house manufactures like Motorola, Micromax and Karbonn. Further, Apple’s former CEO John Sculley’s Obi brand of phones and China’s famous device manufacturer Xiaomi’s phones can also be expected to hit the markets any time soon. They can prove to be tough competitors for Philips.

The Smartphone market has tripled its share in 2013 when compared to 2012.  In 2013, about 44 millions devices were shipped which was three times more than 16.2 million devices shipped in 2012. The Smartphone market in India is expected to rise even further in 2014 with Smartphones expected to available at an entry price of Rs.2, 500. This price will make more and more people to make the switch from feature to Smartphones.

 

 

Philips all set to re-launch itself in the Indian Mobile Market

The Dutch electronics maker is all set to re-enter the Indian Smartphone market after a hiatus of seven years. The company will re-enter the fastest growing Smartphone market in the world by launching a series of feature and Smartphones. The phones are expected to be unveiled on 28th May by Sang Fei Consumer Communications Co. in New Delhi.

Sang Fei which is a joint venture between Shenzhen SED Industry Co. and Philips electronics has developed this new range of phones which will be sold all over the world. SS Bassi currently Sang Fei’s head of SAARC operations and who has earlier worked with Reliance communications and Lenovo has been bestowed upon the duty to look after the Indian Business.

 

Philips mobile phone business all over the globe was taken over by China Electronics Corporation which is the parent company of Sang Fei in 2007. Philips initially used to sell mobile phones in India but it stopped do so after the acquisition. The price range in which the phones will be offered hasn’t been revealed by the company yet. The company should surely take some lessons from Motorola which was successfully able to re-launch itself in the Indian market by creating phones heavy on features and low on prices.

The company’s re-entry into the Indian business won’t be a cake walk. As it will not only have to face stiff competition from the likes of Nokia, Samsung, Apple and Sony etc. but it will also have to face the heat from in-house manufactures like Motorola, Micromax and Karbonn. Further, Apple’s former CEO John Sculley’s Obi brand of phones and China’s famous device manufacturer Xiaomi’s phones can also be expected to hit the markets any time soon. They can prove to be tough competitors for Philips.

The Smartphone market has tripled its share in 2013 when compared to 2012.  In 2013, about 44 millions devices were shipped which was three times more than 16.2 million devices shipped in 2012. The Smartphone market in India is expected to rise even further in 2014 with Smartphones expected to available at an entry price of Rs.2, 500. This price will make more and more people to make the switch from feature to Smartphones.