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Global tech company <keyword id="2210169" type="General" weightage="80" keywordseo="xiaomi-india" source="Orion">Xiaomi India</keyword> on Friday announced to elevate <keyword id="2941152" type="General" weightage="50" keywordseo="muralikrishnan-b" source="Orion">Muralikrishnan B</keyword> as President of its <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> operations, effective from August 1. Muralikrishnan will be responsible for day-to-day operations, services, public affairs, strategic projects and will continue to work towards strengthening the company's commitment towards the �Make in India' and �Digital India' initiative, the company said in a statement. He served as Chief Operating Officer at <keyword id="874458" type="General" weightage="80" keywordseo="xiaomi" source="Orion">Xiaomi</keyword> India since 2018. An alumnus of IIM-Calcutta, he has over 25 years of experience in the consumer tech domain and has been instrumental in the brand's growth across offline sales, service and operations etc. Under his leadership, the company said it has witnessed strong growth across categories and has substantially scaled its organisational capabilities, execution machinery and built a solid foundation in the offline retail segment. Xiaomi last month appointed Alvin Tse as General Manager and after seven years in India, Manu Kumar Jain was transitioned to a global role as Group Vice President. Since the transition of Jain, Xiaomi India now has Raghu Reddy as Chief Business Officer and Sameer BS Rao as Chief Financial Officer. "They have been leading the India business fairly independently and will continue to be a strong driving force behind the brand," the company had said in a statement. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/finance/news/how-dollar-index-is-defining-the-rupee-value/articleshow/92894402.cms">Explained: Wanna know how low Rupee will go, see how high the dollar index goes</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/ad-copy-writer-turned-malayalam-actor-prathap-pothen-passes-away-at-69/articleshow/92895085.cms">Ad copy writer-turned-Malayalam actor Prathap Pothen passes away at 69</a>

Xiaomi India appoints chief operating officer Muralikrishnan B as company president

<keyword id="6388367" type="COMPANY" weightage="100" keywordseo="Jabong">Jabong</keyword> is on a top-level hiring spree and today it announced its fourth hiring in three months. It appointed <keyword id="2941152" type="PERSON" weightage="100" keywordseo="Muralikrishnan-B">Muralikrishnan B</keyword>, former <keyword id="6357395" type="CITY" weightage="100" keywordseo="eBay">eBay</keyword> India country manager, and senior e-commerce and consumer internet executive, as the company's chief operating officer. 
 
"We are at an exciting phase of evolution at Jabong, as we transform into a professionally managed company. I am sure that his (Muralikrishnan) contributions will help Jabong achieve profitable growth by focusing on product innovation while serving consumers with superior mobile and digital shopping experience," Jabong CEO and Managing Director Sanjeev Mohanty said in a statement. 
 
Muralikrishnan will directly report to Mohanty and will be responsible for overseeing the technology, product and digital marketing functions, the statement said. 
 Prior to joining Jabong, he was Chief Operating Officer of online <keyword id="6354553" type="COMPANY" weightage="100" keywordseo="real-estate">real estate</keyword> portal IndiaProperty, before which he co-founded a start-up in the digital health space. 
 
He will further have the responsibility to guide and assist in product management at other Global Fashion Group companies, the company statement said. 
Jabong is one of the six fashion e-commerce brands within Global Fashion Group (GFG) that operates across 28 countries. 
 
The company, founded in 2011, is headquartered in Gurgaon and has around 800 employees. 
 
(Image credits: Indiatimes)

Jabong appoints former eBay country manager Muralikrishnan
B as its COO

<ul><li>The <keyword id="18656923" type="General" weightage="20" keywordseo="Budget-2024-25" source="Orion">Budget 2024-25</keyword> was tabled today by Finance Minister Nirmala Sitharaman.</li><li>The budget has proposed a reduction in BCD for mobile phones, chargers and mobile PCBA.</li><li>The reduction in BCD is expected to bring down the cost of imported mobile phones.</li></ul> Finance Minister Nirmala Sitharaman today presented the Union Budget 2024-25 in the parliament, unveiling the budget for the fiscal year 2024-25. This is the first budget in the third term of the Narendra Modi-led government. In a boost to the smartphone industry, the government has announced a reduction in basic customs duty (BCD) on mobile phones, mobile phone chargers and mobile PCBA. <div type="Article" hostid="261" msid="111951205" title="Budget 2024-25: Changes to tax slabs, increased standard deduction and other changes to direct taxation" mstype="2" mssubtype="0"></div> <h2>Reduced customs duty on mobile phones</h2>The government has reduced the BCD on mobile phones, mobile phone chargers and mobile PCBA to 15% from the existing 20%. The government had increased the BCD on these parts from 15% to 20% in 2018. This reduction in customs duty will help in reducing the cost of mobiles and chargers that are imported from other countries, including select iPhones that are still imported. “The <keyword id="19955368" type="General" weightage="20" keywordseo="Budget-2024" source="keywords">Budget 2024</keyword> decision to reduce BCD on mobile phones, PCBA, and chargers while simultaneously extending exemptions on inputs/raw materials for smartphone manufacturing, capital goods, and inputs for capital goods in the electronics industry is a welcome move that will encourage the domestic electronics manufacturing ecosystem,” said Muralikrishnan B, President, Xiaomi India. A lot of companies also import PCBAs for the devices and they should also record a decrease in costs. At this moment, it is not clear how much of the benefit will be passed on to the consumers. In February 2023, the government <a href="https://www.businessinsider.in/budget/news/from-cheaper-smartphones-to-100-5g-labs-here-are-the-top-tech-announcements-in-budget-2023-24/articleshow/97527763.cms">reduced</a> the customs duty on camera lenses used in smartphones from 2.5% to nil. “Transsion India welcomes the Ministry of Finance's decision to reduce the BCD from 20% to 15% on mobile phones, mobile PCBA and chargers. This move will make smartphones more affordable and help us offer the best-in-class smartphones to the ever-evolving Indian market,” said Arijeet Talapatra, chief executive officer, Transsion India. <h2>Experts predict a small price cut</h2>Despite the reduction in BCD, experts have said that a major price cut must not be expected. “The reduction of BCD on smartphones, chargers and PCBA will not have any major impact on the prices of smartphones. We may expect a price cut of 1-2% on average from this move, however, this depends on OEMs if they want to pass this to end consumers. In the lower price segments, we may not see this as in these price segments, the margins are very low,” said Tarun Pathak, Research Director, Counterpoint Research. “However, on the overall electronics manufacturing, the government has focused on a very key area, which is upskilling. Announcements regarding upskilling shows the government intent to grow high-skilled labor force and will help the electronics manufacturing sector securing high-skilled local talent,” he added. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/mobile-phones-to-cancer-medicines-things-that-are-set-to-become-cheaper-after-budget-2024-25/articleshow/111954947.cms">Budget 2024-25: Here's what is cheaper and costlier</a> <a href="https://www.businessinsider.in/budget/news/budget-2024-25-changes-to-tax-slabs-increased-standard-deduction-and-other-changes-to-direct-taxation/articleshow/111951205.cms">Budget 2024-25: Changes to tax slabs, increased standard deduction and other changes to direct taxation</a> <a href="https://www.businessinsider.in/stock-market/news/understanding-tax-alterations-affecting-stock-markets-capital-gains-tax-stt-on-fo-and-more/articleshow/111956139.cms">Budget 2024: Tax alterations affecting stock markets — capital gains tax, STT on F&amp;O, and more</a>

Budget 2024 – Customs duty on mobile phones, chargers and more reduced

<ul><li>FM made many tech-related announcements in the <keyword id="14925728" type="General" weightage="20" keywordseo="budget-2023-24" source="Orion">Budget 2023-24</keyword>.</li><li>The government has reduced the customs duty on camera lenses for smartphones and open cells for TV panels.</li><li>The government also announced centers of excellence for artificial intelligence and 100 5G labs.</li></ul>Finance Minister <keyword id="129243" type="General" weightage="80" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> on Wednesday presented the much-awaited Budget 2023-24 in the parliament. She made several announcements regarding changes in duties, new initiatives by the government and changes to the tax structure. She also reduced custom duty for smartphone components such as camera lens and open cells of TV panels. The government also announced that it is setting up three new centers of excellence in artificial intelligence (AI), 100 5G labs and more. If you are a tech enthusiast, here are the top tech related announcements from the Budget. <cmsannotation type="cmsannotation" annotationid="Smartphones may become cheaper" comment="subhead" text="Smartphones may become cheaper">Smartphones may become cheaper</cmsannotation> The government has reduced the customs duty on camera lenses used in smartphones from 2.5% to nil. This will reduce the cost incurred by the smartphone companies and may result in smartphones becoming cheaper for users. We will have to wait and see if companies will pass on the benefit to customers and if so, how much. “The move to reduce customs duty on certain input component parts for mobile phones will help drive the broadening and deepening of the local component ecosystem and increase domestic value addition. Very positive move,” said Muralikrishnan B, president, Xiaomi India. <cmsannotation type="cmsannotation" annotationid="Televisions may become cheaper" comment="subhead" text="Televisions may become cheaper">Televisions may become cheaper</cmsannotation> The FM also reduced customs duty on open cells of television panels from 5% to 2.5%. This will reduce the cost of manufacturing TVs and also boost domestic production. “We welcome the move of the government to reduce the custom duty on open cells to 2.5 percent. This will really help the domestic TV manufacturing industry to scale up and compete with the global brands,” said Avneet Singh Marwah, chief executive officer, Super Plastronics, a licensee of Kodak. <cmsannotation type="cmsannotation" annotationid="Centers of excellence for AI" comment="subhead" text="Centers of excellence for AI">Centers of excellence for AI</cmsannotation> Sitharaman also announced that the government is setting up three <a href="https://www.businessinsider.in/budget/news/government-to-set-up-three-centres-of-excellence-in-artificial-intelligence/articleshow/97520242.cms">centers of excellence</a> in artificial intelligence (AI) as part of the government’s ‘Make AI for India’ and ‘Make AI work for India’ initiatives. The centers will be set up in prominent educational institutions in the country and will see collaboration between these institutions and industries for research and development of practical AI applications in agriculture, health, and sustainable cities. “Using data as an asset to drive insights requires two critical things — availability of reliable data and the ability to cross-reference data across multiple data sets, and the Union Budget has addressed both the issues effectively. On the back of the data governance policy, bringing the academia and corporates on a common platform will enable innovation across multiple use cases. This will boost India's AI leadership for solving grassroots problems,” said Sudipta Ghosh, Partner and Leader, Data &amp; Analytics, PwC India. <cmsannotation type="cmsannotation" annotationid="100 5G labs" comment="subhead" text="100 5G labs">100 5G labs</cmsannotation> As telcos have been rolling out 5G services in full-swing across the country. FM announced that it is setting up 100 5G labs in the top engineering institutions across the country to develop applications and services for 5G. “One hundred labs for developing applications using 5G services will be set up in engineering institutions to realise a new range of opportunities, business models, and employment potential. The labs will cover, among others, applications such as smart classrooms, precision farming, intelligent transport systems, and health care applications," Sitharaman said in her budget speech. “By promoting an AI ecosystem, 5G labs and setting-up skill centres for emerging technologies, India will get the interdisciplinary R&amp;D boost,” said Manpreet Singh Ahuja, Partner &amp; Leader TMT, PwC India. "We welcome the announcement on setting up of 3 centres of excellence for Artificial Intelligence (AI) and 100 labs in engineering colleges for development of 5G applications, which are progressive steps and would help fuel the proliferation of 5G and its ecosystem in the country," said Lt. Gen. Dr. S.P. Kochhar, Director General, COAI. <cmsannotation type="cmsannotation" annotationid="National Data Governance Policy" comment="subhead" text="National Data Governance Policy">National Data Governance Policy</cmsannotation> Sitharaman also announced that the government will come up with a National Data Governance Policy to help academia and start-ups with anonymized data. "To unleash innovation and research by start-ups and academia, a data governance policy will be brought out. This will enable access to anonymised data,” the minister said. <cmsannotation type="cmsannotation" annotationid="National Digital Library" comment="subhead" text="National Digital Library"><keyword id="3580900" type="General" weightage="20" keywordseo="national-digital-library" source="Orion">National Digital Library</keyword></cmsannotation> In another push for education, the government will set up the National Digital Library, offering youth access to quality books across subjects, languages and genres. In addition to this, states will be encouraged to set up physical libraries at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources. “Initiatives like National Digital Library and fostering a digital public infrastructure for agriculture will further push widespread penetration of smartphones that can further catalyze a stronger ‘Digital India’,” added Muralikrishnan B. SEE ALSO: <a href="https://www.businessinsider.in/personal-finance/news/zero-tax-on-income-upto-rs-7-lakh-under-the-new-tax-regime/articleshow/97524028.cms">FM plays Santa: Zero tax on income upto ₹7 lakh under the new regime</a> <a href="https://www.businessinsider.in/budget/news/income-tax-bonanza-capex-push-emerge-as-the-stars-of-budget-2023-24/articleshow/97521646.cms">Income tax bonanza, capex push emerge as the stars of Budget 2023-24</a> <a href="https://www.businessinsider.in/business/news/bahubali-budget-more-money-with-middle-class-experts-on-budget-2023-24/slidelist/97523178.cms">Bahubali Budget, more money with middle class: Experts on Budget 2023-24</a>

From cheaper smartphones to 100 5G labs, here are the top tech announcements in Budget 2023-24

<ul><li>Xiaomi has announced two new additions to its leadership team.</li><li><keyword id="6833372" type="General" weightage="20" keywordseo="alvin-tse" source="Orion">Alvin Tse</keyword> has been appointed as the general manager of <keyword id="2210169" type="General" weightage="20" keywordseo="xiaomi-india" source="Orion">Xiaomi India</keyword>.</li><li><keyword id="183479" type="General" weightage="20" keywordseo="anuj-sharma" source="Orion">Anuj Sharma</keyword> will rejoin the company as the chief marketing officer.</li></ul>Xiaomi India has been under the Indian government’s scanner for quite some time now. Amid this turmoil, the company has been missing a leader as Manu Kumar Jain, the company’s former India head <a href="https://economictimes.indiatimes.com/news/company/corporate-trends/where-did-the-poster-boy-go-the-curious-case-of-xiaomis-manu-kumar-jain/articleshow/91025557.cms">stepped down</a> a while ago. Manu Kumar Jain, who was <a href="https://www.businessinsider.in/business/corporates/news/xiaomis-manu-kumar-jain-has-been-reportedly-summoned-by-the-enforcement-directorate/articleshow/90803402.cms">summoned</a> by the Enforcement Directorate (ED) earlier this year had moved on from his role as the managing director of Xiaomi India after serving for seven years and is currently serving as the global vice president for Xiaomi. <cmsannotation type="cmsannotation" annotationid="Xiaomi India finally gets a full-time leader" comment="subhead" text="Xiaomi India finally gets a full-time leader">Xiaomi India finally gets a full-time leader</cmsannotation> Since Jain stepped down, the company has been working under the trio of Muralikrishnan B, the chief operating officer, Raghu Reddy, chief business officer and Sameer BS Rao, chief financial officer. Xiaomi India has now finally announced a full-time leader. Alvin Tse, who is a founding member of Xiaomi Global and the former general manager of Xiaomi Indonesia will take up the role of general manager at Xiaomi India. Alvin Tse is a British national who graduated from Stanford University. He has been serving as the general manager of Xiaomi Indonesia since October 2019. Tse isn’t the only addition to Xiaomi’s leadership. Anuj Sharma, the former chief marketing officer of Xiaomi and the current country director for Poco India will rejoin the company as its chief marketing officer (CMO). Poco is expected to soon announce a new director to replace Sharma. Sunil Baby, who was the company’s director of offline sales operations also resigned earlier this year. <cmsannotation type="cmsannotation" annotationid="Xiaomi is under investigation by IT department and ED" comment="subhead" text="Xiaomi is under investigation by IT department and ED">Xiaomi is under investigation by IT department and ED</cmsannotation> Xiaomi has been under the scanner of Indian agencies for quite some time now for alleged tax evasion and Foreign Exchange Management Act (FEMA) violations. The ED had ordered the seizure of ₹5,551.27 crore from Xiaomi India, but the order has been put on <a href="https://www.business-standard.com/article/companies/karnataka-hc-extends-stay-on-ed-order-seizing-xiaomi-india-assets-122052301129_1.html">stay</a> by the Karnataka High Court. Xiaomi had <a href="https://www.businessinsider.in/business/news/exclusive-84-of-the-5551-27-crore-seized-from-xiaomi-india-were-remitted-to-qualcomm-group/articleshow/91560593.cms">claimed</a> that out of ₹5,551.27 crore, 84% was remitted to Qualcomm as royalty payments. According to a Reuters <a href="https://www.reuters.com/world/india/exclusive-india-tax-authority-froze-478-million-xiaomi-funds-february-sources-2022-05-12/">report</a>, the IT department froze $478 million (approx. ₹3,696 crore) over allegations of tax evasion. This was reportedly a result of the <a href="https://www.businessinsider.in/finance/news/income-tax-department-raids-xiaomi-oppo-and-oneplus-offices-in-india/articleshow/88432807.cms">raids conducted by the IT department</a> on the offices of Xiaomi, OnePlus, Oppo and a few other companies in December 2021. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/xiaomi-and-leica-partner-for-a-flagship-device-xiaomi-12-ultra-expected-to-launch-in-july/articleshow/91734026.cms">Xiaomi and Leica partner for a flagship device, Xiaomi 12 Ultra expected to launch in July</a> <a href="https://www.businessinsider.in/business/news/exclusive-84-of-the-5551-27-crore-seized-from-xiaomi-india-were-remitted-to-qualcomm-group/articleshow/91560593.cms">EXCLUSIVE: 84% of the ₹5,551.27 crore of the alleged illegal remittance by Xiaomi India were to the Qualcomm Group</a> <a href="https://www.businessinsider.in/business/news/karnataka-allows-xiaomi-to-take-overdraft-for-payments-restricts-royalty-payment/articleshow/91536932.cms">Karnataka High Court allows Xiaomi to take overdraft for payments, restricts royalty payment</a>

Xiaomi announces leadership changes amid investigations in India — Alvin Tse will lead the Indian team

<keyword id="4289547" type="General" weightage="20" keywordseo="Redmi-India" source="Orion">Redmi India</keyword>, a sub-brand of <keyword id="874458" type="General" weightage="20" keywordseo="Xiaomi" source="Orion">Xiaomi</keyword>, on Monday announced that it has joined hands with <keyword id="6354504" type="General" weightage="20" keywordseo="Reliance-Jio" source="Orion">Reliance Jio</keyword> to conduct 5G trials for its upcoming <keyword id="12457009" type="General" weightage="20" keywordseo="Redmi-Note-11T-5G" source="Orion">Redmi Note 11T 5G</keyword> smartphone. To verify the capability and performance of their upcoming device, the two companies conducted a 5G standalone lab trial, and tested the device through various scenarios, thereby ensuring enhanced 5G end-user experiences. "We are delighted to partner with Reliance Jio for the Redmi Note 11T 5G in our endeavor of democratising technology by making it easier for customers to get access to 5G smartphones that are future ready. Our latest trial with Reliance Jio is an indication of the development of the 5G ecosystem in India and the encouraging outcome highlights the true potential of the device and brings a high-quality 5G experience closer to reality," Muralikrishnan B, COO, Xiaomi India, said in a statement. Redmi Note 11T 5G is fully equipped to elevate the customer's smartphone experience and will launch in India on November 30, the company claims. The Redmi Note 11T 5G is said to come with a 6.6-inch full HD+ (1080 A- 2400p) LCD display. Under-the-hood, it is said to feature 6nm class MediaTek Dimensity 810 6nm processor with Mali-G57 MC2 GPU, Android 11-based MIUI 12.5 OS, 4GB/6GB LPDDR4X RAM, 64GB/128GB (UFS 2.2) storage (expandable up to 1TB), andA 5,000mAh battery with a 33W fast charger. In terms of optics, it is expected to feature a dual-camera-- 50MP (f/1.8)A with 8MP (f/2.2) with LED flash on the back. On the front, it is said to house a 16MP (f/2.45) snapper. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/beware-of-these-popular-netflix-scams-and-phishing-attacks/articleshow/87843343.cms">Love binge watching? Beware of these Netflix scams and phishing attacks</a> <a href="https://www.businessinsider.in/tech/apps/news/google-play-store-to-get-offers-tab-for-limited-time-deals-on-apps-and-games/articleshow/87840991.cms">Google Play Store to get “Offers” tab for limited-time deals on apps and games</a> <a href="https://www.businessinsider.in/retail/news/amazon-employees-in-20-countries-will-strike-on-black-friday-for-better-working-conditions-as-part-of-global-make-amazon-pay-campaign/articleshow/87822990.cms">Amazon employees in 20 countries will strike on Black Friday for better working conditions as part of global 'Make Amazon Pay' campaign</a>

Redmi India partners Reliance Jio to conduct 5G trials for its upcoming smartphone

Redmi, a sub-brand of Mi India, on Friday unveiled <keyword id="11905533" type="General" weightage="20" keywordseo="Redmi-10-Prime" source="Orion">Redmi 10 Prime</keyword>, its first 50MP smartphone in the Indian market. The Redmi 10 Prime is priced at Rs 12,499 for the base 4GB + 64GB storage and Rs 14,999 for the 6GB + 128GB model. It comes in three colours and the sale in India will start from September 7 via Xiaomi India channels and Amazon. "With the launch of Redmi 10 Prime, we are bringing an all-around superstar, with an experience that users associate with the Redmi Note series to the Redmi series, with improvements across camera, high-resolution display, high performance, and power-packed battery life," Muralikrishnan B, Chief Business Officer, Xiaomi India, said in a statement. In terms of specifications, the smartphone features a 6.5-inch IPS LCD screen with a Full-HD+ (1080x2400 pixels) resolution and a 90Hz adaptive refresh rate. The smartphone houses a quad rear camera setup comprising a 50MP primary snapper, an 8MP ultra-wide lens, a 2MP macro sensor, and a 2MP depth lens. There is an 8MP selfie camera. The phone offers a range of photography features like time lapse, slo-mo, Kaleidoscope mode, Sky Scapping mode, as well as a built-in editor. Under the hood, the phone is powered by a MediaTek Helio G88 processor, coupled with up to 6GB of RAM and up to 128GB of storage. It runs on Android 11-based MIUI 12.5 The smartphone packs a 6,000mAh battery with 18W wired and 9W reverse charging support. For connectivity, the device offers support for dual-band Wi-Fi, Bluetooth 5.1, GPS, a headphone jack, and a Type-C port. In addition, the smartphone maker has also launched the Earbuds 3 Pro at Rs. 2,999. It features an in-ear design, rubber tips, and an IPX4-rated built for water resistance. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/snapdragon-895-chipset-to-offer-major-graphics-boost-to-compete-with-samsungs-exynos-2200-with-amd-rdna-graphics/articleshow/85646903.cms">Snapdragon 895 chipset to offer major graphics boost to compete with Samsung’s Exynos 2200 with AMD RDNA graphics</a> <a href="https://www.businessinsider.in/tech/mobile/news/realme-gt-5g-mobile-phone-review/articleshow/85478447.cms">Realme GT Review — Pocketable powerhouse but not perfect</a>

Redmi 10 Prime with 90Hz display, 6,000mAh battery launched starting at ₹12,499

<keyword id="874458" type="COMPANY" weightage="20" keywordseo="Xiaomi">Xiaomi</keyword>'s smartphone and smart TV sub-brand Mi India on Monday launched '<keyword id="9974403" type="UNKNOWN" weightage="20" keywordseo="mi-store-on-wheels">Mi Store on Wheels</keyword>' to take the retail experience to small cities and towns across the country. The initiative has been introduced first in Chhattisgarh, covering places from Basna to Sankara and Bhawarpur to Pithora. The 'Mi Store on Wheels' will be present at popular weekly haats and markets along the way. "Following all the necessary hygiene and safety practices, while regulating crowds and maintaining social distance, 'Mi Store on Wheels' outlets will be fully safe for consumers to visit," said Muralikrishnan B, COO, Mi India. During the lockdown, Mi India launched its first omni-channel solution called Mi Commerce. The 'Mi Store on Wheels' will showcase newly-launched 9 series models from Redmi. Other than smartphones, the moving store will also include products such as 32-inch and 43-inch Mi Smart TV, Mi Box 4K, Mi TV Stick, Mi CCTV Cameras, Mi Sports Bluetooth Earphones, Mi True Wireless Earphones 2, Redmi Earbuds S, Mi Sunglasses, Mi Powerbanks and chargers. The moving store will also gather feedback from the customers, said the company. Mi India currently has more than 75 Mi Homes, over 45 <keyword id="7565364" type="COMPANY" weightage="20" keywordseo="mi-studios">Mi Studios</keyword>, over 8,000 <keyword id="4899824" type="COMPANY" weightage="20" keywordseo="Mi-Preferred-Partners">Mi Preferred Partners</keyword> and more than 4,000 Large format Retail partners, along with 3,000 Mi Stores in the country.

Xiaomi's Mi Store on Wheels takes the retail experience to small cities and towns

<ul><li>Sonu Sood bags another brand in his kitty. </li><li>This time, he would be representing <keyword id="4289547" type="COMPANY" weightage="20" keywordseo="Redmi-India">Redmi India</keyword>. </li></ul>Red<keyword id="2962484" type="COMPANY" weightage="20" keywordseo="Mi-India">mi India</keyword>, a sub-brand of Mi India, today announced Sonu Sood, popular actor and a real-life hero as the <keyword id="5955" type="PERSON" weightage="20" keywordseo="Brand-Ambassador">brand ambassador</keyword> for <keyword id="10361786" type="COMPANY" weightage="20" keywordseo="Redmi-9-Power">Redmi 9 Power</keyword>. This partnership will further the brand’s existing campaign – ‘More Power to you.’ Redmi’s brand ethos is democratizing innovation and ensuring technology is available for everyone. In 2020, actor Sonu Sood won hearts for his exemplary work in supporting migrant workers and those in need. He has been a strong figure in enabling those in distress such that they could have the opportunity to a better life. His personality and initiative fall perfectly in line with Redmi’s philosophy. In the COVID-stricken society we see today, smartphones have become an essential commodity, be it for education or for communication. The brand first partnered with Sonu Sood as part of its continued efforts to empower thousands of students by donating Redmi smartphones under the #ShikshaHarHaath initiative. Redmi and Sonu Sood have shared a mutual desire to uplift people’s lives; Redmi through technology and Sonu through his humanitarian efforts. Commenting on the association, Muralikrishnan B, COO, Mi India said, “We are thrilled to partner with Sonu Sood to endorse one of our best selling smartphones. We have always focused on ensuring the best specs, highest quality and honest pricing. Sonu’s ability to strike a chord with the masses and his drive to do good will help cement Redmi’s ambition of enabling everyone through technology. We are sure that this partnership will enable more and more people through Sonu’s pan India presence and Redmi’s technology prowess.” Commenting on the association Sonu Sood said, “Both Redmi and I share the same vision of a better future and ‘education for all’. Through ShikshaHarHaath, Redmi is not only providing access to students but also empowering them to scale newer heights. I am happy to represent a brand such as Redmi that is striving to give back to the nation in a manner that truly enables a society in need. As someone who wants to experience the best of everything, I am happy to be the face of Redmi 9 Power. Redmi’s vision of ‘More Power to You’ perfectly fits with my work and contributions and I am confident that together we will be able to make a difference.”

Redmi India onboards Sonu Sood as its brand ambassador for smartphones

Chinese smartphone maker <keyword id="874458" type="COMPANY" weightage="20" keywordseo="Xiaomi">Xiaomi</keyword> on Wednesday announced its latest version of in-house Android-based skin <keyword id="9004889" type="UNKNOWN" weightage="20" keywordseo="miui-12">MIUI 12</keyword> in India. The <keyword id="8552990" type="UNKNOWN" weightage="20" keywordseo="miui-12-update">MIUI 12 update</keyword> will add smooth animations with improved details to the icons, new calendar features, AI calling, new privacy and security tools, multitasking features, animations and wallpapers, the company said in a statement. The update will be first rolled out on Mi 10, Redmi Note 9/ Note 9 Pro, Note 8/ Note 8 Pro and Note 7/ Note 7 Pro device this month. <div type="Article" hostid="261" msid="75844379" title="MIUI 12 update will roll out to these 47 Xiaomi and Poco phones – Check if your phone is eligible for MIUI 12" mstype="2" mssubtype="0"></div> "MIUI has gone through numerous crucial updates. India-specific features such as Panchang, Copy OTP, Smart IRCTC SMS, MIUI SMS Caller ID etc have been greatly appreciated by our Mi Fans. Features like these make MIUI stand out from the other flavours of Android," Muralikrishnan B, Chief Operating Officer, Xiaomi India, said in a statement. The OS will notify every time an app is accessing a sensitive feature such as the cameras, microphone, contacts, location and more. With MIUI 12, users can now remove sensitive information like the location and the metadata before sharing a picture with anyone. It also allows one to delete a screenshot automatically after sharing, which in turn helps one save space and maintain privacy. The new OS also comes with an ultra-battery saver which would enable a user to extend the phone's standby time and reduce power consumption. With this even at 5 per cent, the phone can last for an additional 5 hours with ultra-battery saver. Xiaomi has also added ‘Mi Light Core Animation' framework to ensure the system smoothness of the software.

MIUI 12 update rollout in India will begin this August with the Redmi Note 9 Pro series

<ul><li>The initiative comes at a time when thousands of students have been unable to attend classes due to Covid-19 related restrictions.</li><li>The company's 2,500 plus strong retail <keyword id="6359918" type="UNKNOWN" weightage="20" keywordseo="network">network</keyword> will come together to donate these over 2,500 smartphones under this initiative which celebrates five years of the company's "Make in India" programme.</li><li>The company has partnered with <keyword id="54423" type="COMPANY" weightage="20" keywordseo="Teach-For-India">Teach For India</keyword>, to ensure that the children can <keyword id="2278419" type="COMPANY" weightage="20" keywordseo="avail">avail</keyword> these smartphones for <keyword id="23248" type="PERSON" weightage="20" keywordseo="Online-learning">online learning</keyword> and education. </li></ul>India's biggest <keyword id="28168" type="TECHNOLOGY" weightage="20" keywordseo="Smartphone">smartphone</keyword> seller Xiaomi on Thursday said it has partnered with its network of distributors and retail partners to donate 2,500 brand new smartphones worth Rs 2 crore to help needy children in India to continue their education amid the pandemic. The initiative comes at a time when thousands of students have been unable to attend classes due to Covid-19 related restrictions. The company's 2,500 plus strong retail network will come together to donate these over 2,500 smartphones under this initiative which celebrates five years of the company's "Make in India" programme. "At Mi India, we have always believed in making technology accessible to every Indian. We are very grateful to our retail partners who have come together with Mi India to pledge the 2500+ smartphones under this initiative," Muralikrishnan B, Chief Operating Officer at <keyword id="2210169" type="COMPANY" weightage="20" keywordseo="Xiaomi-India">Xiaomi India</keyword>, said in a statement. "Children's education is a cause we will continue to work towards," he said. The company has partnered with Teach For India, to ensure that the children can avail these smartphones for online learning and education. The partnership aims to ensure that these brand-new smartphones can be used by children to access online classes, ensuring continuity in their education. "The pandemic has threatened the very moral and social fabric of the nation. The dynamics of education have changed especially for under-resourced communities," said Sandeep Rai, Chief of City Operations at Teach for India. "Teach For India is adapting a new approach, blended learning, which has the potential to change the way children across India learn. We are extremely delighted to partner with Mi India and are thankful to them for stepping forward to empower these students to get the right tools for education." The 'Mi for India' is a Xiaomi initiative. SEE ALSO: <a href="https://www.businessinsider.in/politics/world/news/trump-was-rushed-from-the-briefing-room-by-secret-service-after-a-shooting-outside-of-the-white-house/articleshow/77474005.cms">Trump was rushed from the briefing room by Secret Service after a shooting outside the White House</a> <a href="https://www.businessinsider.in/careers/news/mckinsey-facebook-amazon-nokia-and-some-other-companies-looking-for-a-product-manager-right-now/slidelist/77464438.cms">McKinsey, Facebook, Amazon, Nokia — and some other companies looking for a product manager right now</a> <a href="https://www.businessinsider.in/business/startups/news/how-karan-bajaj-sold-his-less-than-18-month-old-startup-white-hat-jr-to-byjus/articleshow/77415329.cms">A WhatsApp message, six weeks of talks and a $300 million deal – how Karan Bajaj sold his less than 18-month old startup White Hat Jr to Byju’s</a>

Xiaomi to give 2,500 smartphones worth ₹2 crore to  needy kids in India

India’s overall <keyword id="148704" type="UNKNOWN" weightage="80" keywordseo="property-market">property market</keyword> continues to be depressed with builders sitting on piles of losses and buyers waiting in the hope that home loan rates would drop. There are a handful of green patches in the sea of red. Hyderabad is among the emerging markets, thanks to the investments it has been promised, followed by Chennai, Bangalore and the perpetual rush in Mumbai. 
 However, that hasn’t stunted the rapid growth of <keyword id="2941153" type="UNKNOWN" weightage="80" keywordseo="online-property">online property</keyword> services. More than the numbers, it’s the optimism about changing consumer trends that’s fuelling dreams for these sites. 
 
“Online is currently a small component of the real estate business. We have a long way to go in understanding consumer needs, building confidence and engaging with a larger mass of builders to provide users greater choice, convenience and transparency”, Muralikrishnan B, COO, IndiaProperty.com agrees. 
 
India’s online property market however has boomed with several players like Magicbricks, 99acres, Housing and so on. While investors and entrepreneurs are expecting big returns, won’t the Indian buyer rather play it safe than buy property worth lakhs online, considering that may serve as serious investment or his home? The risk factor is obviously bigger than a smartphone or laptop. 
 
“Property buying has evolved into a hybrid online-offline process. It’s incorrect to assume consumer behaviors would change overnight. However, there would always be room for advisory services that would liberate the power of the internet and mobile to act as valuable research tools and would be free from potential vested interests of brokers”, Muralikrishnan observes. 
 
In its latest report ‘India goes Mobile’, India property claims it saw a 10-40% increase in mobile users searching for property between January 2014 and May this year with a hefty 69% of mobile users and 61% of desktop users between 18-34 of age. 
 
“A majority of these people belong to the upwardly mobile urban professionals who are in their first/second jobs. They have good disposable income and understand the importance of investment and tax saving. While every segment is under-tapped and has a long way to go towards maturity, the bulk still lies in affordable housing”, Muralikrishnan agreees.

Where is
India buying its property?

Negotiations to acquire <a href="http://www.businessinsider.in/searchresult.cms?query=jabong&amp;sortorder=effectivedate">Jabong</a> are underway and <a href="http://www.businessinsider.in/searchresult.cms?query=alibaba&amp;sortorder=effectivedate">Alibaba</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=future+group&amp;sortorder=effectivedate">Future Group</a>, <a href="http://www.businessinsider.in/searchresult.cms?query=myntra&amp;sortorder=effectivedate">Myntra</a> and <a href="http://www.businessinsider.in/searchresult.cms?query=aditya+birla+group&amp;sortorder=effectivedate">Aditya Birla's</a> ecommerce venture <keyword id="3103299" type="UNKNOWN" weightage="20" keywordseo="Abof">Abof</keyword> are among the top contenders to seal the deal, which is expected to be at $250-$300 million. 
 <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword>, reportedly, is also said to be in the race but won’t bid that aggressively. Even though <keyword id="6388367" type="COMPANY" weightage="100" keywordseo="Jabong">Jabong</keyword> has asked for $250-300 million, the deal size could be lower. 
 
German incubator Rocket Internet, who founded Jabong in 2012, and Swedish investment firm Kinnevik, which owns a large stake in Jabong's parent Global Fashion Group, are keen to exit. 
 
"Jabong has held talks with these four companies over the past few weeks. While none of the negotiations has reached an advanced stage, the deal size could be around two times its annual sales and is expected to close within the next six months," a executive told ET. 
 
Executives from Rocket Internet and Kinnevik are currently camping in India to oversee a sale, ET quoted sources as saying. 
 
ET reported that Jabong's revenues dropped 7% to Rs 869.1 crore in 2015 from the year earlier but it trimmed losses to Rs 46.7 crore from Rs 159.5 crore after a clampdown on discounts, much as other ecommerce companies have done. 
 
The Gross Merchandise Value (GMV) rose 14% to Rs 1,503 crore from almost 5.4 million orders. 
 
Jabong's net sales grew 14% to 32.6 million in the March quarter with a gross profit of 0.2 million as it derisked business by moving more toward the consignment and marketplace model and away from discounting. 
 
Apart from this, another attractive deal with Jabong could be its top management. Jabong hired former Benetton India managing director Sanjeev Mohanty as chief executive in 2015 and former eBay executive Muralikrishnan B as chief operating officer in February. 
 
Harminder Sahni, founder of retail consultancy Wazir Advisors, told ET, “I see merit in somebody acquiring and rebuilding brand because it is not easy to build brand awareness of that level in today's time as nobody is going to fund that kind of money in brand building anymore.” 
 
(Image: Thinkstock)

You Searched For "muralikrishnan b" and got 13 results

Xiaomi India appoints chief operating officer Muralikrishnan B as company president

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Jabong appoints former eBay country manager Muralikrishnan B as its COO

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Budget 2024 – Customs duty on mobile phones, chargers and more reduced

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From cheaper smartphones to 100 5G labs, here are the top tech announcements in Budget 2023-24

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Xiaomi announces leadership changes amid investigations in India — Alvin Tse will lead the Indian team

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Redmi India partners Reliance Jio to conduct 5G trials for its upcoming smartphone

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Redmi 10 Prime with 90Hz display, 6,000mAh battery launched starting at ₹12,499

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Xiaomi's Mi Store on Wheels takes the retail experience to small cities and towns

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Redmi India onboards Sonu Sood as its brand ambassador for smartphones

BI India Partner

MIUI 12 update rollout in India will begin this August with the Redmi Note 9 Pro series

IANS

Xiaomi to give 2,500 smartphones worth ₹2 crore to needy kids in India

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Where is India buying its property?

BI India Bureau

Alibaba, Future Group, Myntra in race to buy Jabong, deal size expected to be $250 million

BI India Bureau

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