The launch of the phone coincides with the expected launch of Apple's iPhone 8.
In the steepest cut ever, LG, Samsung and Sony have slashed prices by as much as 15 percent in a bid to gain market share, according to a report in The Economic Times.
Chinese handset maker Oppo has partnered with Reliance Jio for the latter's 'Welcome Offer' that will give free data services to users till the end of the year.
Chinese smartphone maker TCL launched its first mobile phone under own brand, TCL 560, in India with an aim to corner 10 percent market share in the 4G smartphone segment and be among top five vendors by 2018
Along with other Chinese phone makers such as Huawei and Xiaomi, Chinese brands have surpassed Samsung in China and are encroaching on Apple's turf.
According to the report, positive factor includes strong performance of TCL leading to net leverage (adjusted net debt/operating EBITDAR) of below 2 times on a sustained basis (FY13: 3.02 times).
Emkay Global Financial Services is bullish on Tata Chemicals (TCL) and has recommended accumulate rating on the stock with a target price of Rs 400 in its February 13, 2012 research report.
Prabhudas Lilladher has come out with its report on Indian agri products. The research firm expects the demand of non-urea fertiliser to see further contraction (may be sharper than Apr-Nov) in the short term.