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Enter the dragon: China's Alibaba set to invest about $1 bn in Micromax

Jun 25, 2015

Enter the dragon: China's Alibaba set to invest about $1 bn in Micromax

Alibaba's move to invest in Micromax comes at a time when Indian e-commerce companies are putting a huge thrust on mobile applications. #Business #CompanyWatch #Alibaba #SoftBank #Micromax #Paytm #One97 Communications
BCCI invites tenders for title sponsorships till 2019

Jun 22, 2015

BCCI invites tenders for title sponsorships till 2019

With the Micromax deal due for expiry with end of the current cricket season, the BCCI has invited new tender bids for the title sponsorship of domestic and international tournaments to be hosted in India till 2019. #BCCI #Team India #Anurag Thakur #SportsTracker #Micromax #BCCI Sponsorship
Alibaba to loosen purse strings beyond China, CEO says globalisation top priority

May 14, 2015

Alibaba to loosen purse strings beyond China, CEO says globalisation top priority

Alibaba, which handles more transactions on its platforms than Amazon.com Inc and eBay Inc combined, would continue to invest heavily in new and existing overseas operations, CEO Daniel Zhang was quoted as saying. #Business #China #CompanyWatch #Alibaba Group Holding #Micromax Informatics #Alizila #Zulily #AliExpress
Alibaba seeks to expand India footprint, eyes 20% stake in Micromax

May 08, 2015

Alibaba seeks to expand India footprint, eyes 20% stake in Micromax

The deal, if completed, would see Alibaba investing as much as $1.2 billion, valuing Micromax, the second-biggest smartphone brand in India by sales, at $5 billion to $6 billion, two of the sources said. #Business #India #China #Smartphone #CompanyWatch #SoftBank #Alibaba Group Holding #Micromax Informatics
SoftBank group in talks to buy up to $1 bn stake in Micromax, say sources

Mar 26, 2015

SoftBank group in talks to buy up to $1 bn stake in Micromax, say sources

The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung Electronics Co, at around $5 billion, the people said. They did not want to be named because the talks aren't public. #Business #CompanyWatch #Samsung Electronics #SoftBank Corp #Sequoia Capital #TA Associates #Micromax Informatics
Micromax, Karbonn seek tax holidays, subsidies to grow domestic manufacturing

Feb 23, 2015

Micromax, Karbonn seek tax holidays, subsidies to grow domestic manufacturing

One of the fastest growing mobile phone market globally, India lags behind China as most handset makers, including Indian players, get their devices manufactured in China. #Videocon #Micromax #Karbonn #Budget2015 #Telecom Budget 2015
Micromax hires former Amazon executive Ashish Agrawal as CTO

Feb 14, 2015

Micromax hires former Amazon executive Ashish Agrawal as CTO

Agrawal will be "responsible for defining the vision and the direction of software services, and driving new initiatives to provide a strong impetus to brand Micromax to pursue its aim to be one of the biggest companies to bring future technology disruptions into the market. #Amazon #Micromax #appointment #CTO #Ashish Agrawal
Second time lucky? Micromax plans IPO again, to raise $500 mn

Jan 05, 2015

Second time lucky? Micromax plans IPO again, to raise $500 mn

The company had hired banks in 2010 for an IPO to raise as much as $150 million but scrapped the plan a year later, citing poor market sentiment #IPO #Micromax #Sequoia Capital #TA Associates #$500 million
Delhi HC reserves verdict in OnePlus-Micromax case

Dec 23, 2014

Delhi HC reserves verdict in OnePlus-Micromax case

The Delhi High Court today reserved its verdict on the plea of Chinese phonemaker Shenzhen OnePlus Technology Co Ltd which has challenged the order restraining it from selling its devices in India forallegedly infringing the exclusive rights of Micromax with respect to use of Cyanogen software and trademark. #Delhi HC #Micromax #Cyanogen #oneplus #cyongenmod #oneplus one
Tomas Berdych inspires Singapore Slammers to first IPTL win

Dec 04, 2014

Tomas Berdych inspires Singapore Slammers to first IPTL win

DBS Singapore Slammers notched up their first win in the league with a narrow 24-23 victory over current leaders, the Micromax Indian Aces. #Tennis #Serena Williams #Tom Berdych #Ana Ivanovi #IPTL #Nick Kyrgios #DBS Singapore Slammers #Micromax Indian Aces