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As handset vendors stand on the brink of 2023-end, they believe that 5G smartphones in two particular price bands – sub-Rs 10,000 and Rs 10,000-15,000 – could drive the volume of the duressed industry, which is expected to clock shipments between 140-150 million units compared to 144-152 million units in 2022, despite festive solid sales. ....
The federal anti-money laundering agency had earlier arrested four people mobile company Lava International’s MD Hari Om Rai, Chinese national Guangwen alias Andrew Kzang, and chartered accountants Nitin Garg and Rajan Malik in the case ....