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    • Micromax plans to make all phones locally

      Micromax, which has grown rapidly since 2008 by selling low-cost smartphones, said earlier this month it would invest 3 billion rupees ($45 million) on constructing new factories and would make more phones in India to cut its dependence on Chinese imports.

    • Micromax eyes 50% increase in handsets sale in MP

      "At present, we sell 1,50,000 mobile handsets per month including 50,000 smartphone handsets in MP. We intend to increase the smartphone handsets sales by 50 percent in the state," Micromax Informatics Chief Executive Officer Vineet Taneja told reporters here.

    • Micromax aims 15% TV panel market, to invest upto Rs 500 cr

      Consumer electronics firm Micromax is aspiring to capture 15 percent market share in the TV panel segment by next year and planning to set up a new unit to ramp up production of budget-range models by investing up to Rs 500 crore.

    • Chinese mobile phone-makers storm India

      This latest launch is an attempt by the number two Indian smartphone brand to stem the fall in its market share, which has been under pressure since Xiaomi and other Chinese brands took India by storm with flash online sales last year.

    • Micromax invests in mobile travel search provider ixigo

      Smartphone handset maker Micromax Informatics on Monday announced a "strategic investment" in ixigo, a mobile travel search and marketplace, as part of its ongoing investments of up to USD 20 million in over 20 startups in the coming year.

    • Alibaba to invest abroad; globalisation is priority: CEO

      The vast bulk of Alibaba's revenue comes from its dominant domestic online marketplaces, but the company has been investing in a range of sectors abroad. Just this week it announced it would set up a cloud computing base in Dubai, and boosted its stake in US e-retailer Zulily Inc.

    • Alibaba eyes stake in Micromax to grow in India: Sources

      The deal, if completed, would see Alibaba investing as much as USD 1.2 billion, valuing Micromax, the second-biggest smartphone brand in India by sales, at USD 5 billion to USD 6 billion, two of the sources said.

    • SoftBank in talks to buy $1 bn stake in Micromax: Sources

      A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics for up to USD 1 billion, two people aware of the discussions said.

    • Micromax plans up to $500 million IPO

      Micromax, which entered the Indian handset market in 2008 with cheap large-screen phones, will sell a minority stake in its initial public offering of shares, the newspaper said, citing unnamed bankers and a company executive.

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