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Showing posts with the label Vivo

Vivo retains IPL title sponsorship; to pay Rs 2,199 cr to BCCI over 5 yrs

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Latest news : Chinese handset maker Vivo has successfully retained the title sponsorship to the cash-rich twenty-20 tournament, the Indian Premier League (IPL). The company will pay the Board of Control for Cricket in India (BCCI) a total of Rs 2,199 crore over the next five years. The next closest bid was made by Oppo at Rs 1,432 crore for five years. Currently, Oppo holds the Team India sponsorship rights and, interestingly, both Vivo and Oppo are part of the same parent group. The base price for bidding was Rs 600 crore for five years, or Rs 120 crore per year. The new title sponsorship rate is a huge mark-up over what Vivo was paying the BCCI since 2016. The Chinese handset maker came in as the title sponsor in 2016 after global beverage giant Pepsi pulled out of its five-year deal with the BCCI citing the match fixing and betting scam the governing body of cricket and the annual T-20 tournament found themselves embroiled in. While Pepsi was to pay the BCCI Rs 396 crore ...

Duty on mobiles after GST: iPhones to get costlier; local brands won't gain

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Smaller players could be routed; major Indian brands may not get any significant advantage Latest news : The Union government is mulling imposing a 15 per cent basic customs duty (BCD) on the import of finished mobile handsets once the Goods and Services Tax (GST) comes into effect. The move is intended to protect manufacturers who have set up units in India and put a curb on the outflow of foreign exchange to countries like China, Taiwan, and Vietnam. Boosting local manufacturing or assembly of mobile phones is a key part of Prime Minister Narendra Modi ’s pet project — Make in India. What the government intends to do? The Commerce and Industry Ministry had proposed a customs duty of 15 per cent on smartphone imports. Under the Phased Manufacturing Program (PMP) developed by the ministry of electronics and information technology, the government aims to enable large-scale manufacturing of mobile phones. As local value addition in handsets remains as low as two...

Vivo V5s with 20MP selfie camera launched at Rs 18,990 in India

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V5s claims to have a faster fingerprint sensor that unlocks the screen in just 0.2 seconds Taking its selfie revolution a notch higher, Chinese smartphone maker Vivo on Thursday launched V5s smartphone in India that comes with a 20MP front and 13MP rear camera. Priced at Rs 18,990, V5s will be available starting from May 6 at retail stores and online on Flipkart.com. "After launching the Vivo V5Plus Limited edition, we are thrilled to introduce yet another masterpiece, the Vivo V5s. Through the launch of this device, Vivo aims to provide the best selfie camera phone in the market," said Kent Cheng, CEO, Vivo India, in a statement. Read this : Mobile handsets likely to cost 10% more post-GST V5s runs on Funtouch OS 3.0 based on Android 6.0 Marshmallow and comes with 4 GB RAM and 64 GB ROM, which is expandable up to 256GB. The device is powered by octa-core 64-bit processor and houses 3,000mAh battery. V5s claims to have a faster fingerprint sens...