Jaina Group News Today

Planned capacity expansion positions the business well for a strong growth in the coming years. Diversification into newer product lines also on the anvil.

On Monday 1473 stocks advanced, 2200 declined and 157 remained unchanged, with an advance decline ratio of 0.67 on the Bombay Stock Exchange (BSE). The benchmark was able to maintain a slight gain thanks to active buying in heavyweight stocks, mainly Reliance Industries.

India Mobile Brands: These brands said they hope to win back market share since consumers don’t have any choice in the entry level price whereby they are forced to buy either refurbished smartphones, on finance schemes or holding back on their purchases. Karbonn is looking to launch a smartphone priced at Rs 4,999, while Micromax at Rs 5,999 but in talks with telecom operators to bundle the handset at Rs 4,999.

The Indian smartphone brands are looking to fill the vacuum created in the sub-Rs 10,000 segment

These brands said they hope to win back market share since consumers dont have any choice in the entry level price whereby they are forced to buy either refurbished smartphones, on finance schemes or holding back on their purchases. Karbonn is looking to launch a smartphone priced at Rs 4,999, while Micromax at Rs 5,999 but in talks with telecom operators to bundle the handset at Rs 4,999.

Oppo: These brands said they hope to win back market share since consumers don’t have any choice in the entry level price whereby they are forced to buy either refurbished smartphones, on finance schemes or holding back on their purchases.

Godrej Appliances: Most chief executives have predicted a demand revival by Diwali and, based on inventory clearance by then, indicated to manufacturers festive season orders higher than last year.

Freight cost for containers from China has plunged to $850-1,000 compared with a peak of $8,000 during the height of Covid. Prices of semiconductor chips have crashed to an all-time low, almost one-tenth of Covid times, while those of electronic components are down by up to 60-80%, the executives said.

Mobile Phones: Freight cost for containers from China has plunged to $850-1,000 compared with a peak of $8,000 during the height of Covid. Prices of semiconductor chips have crashed to an all-time low, almost one-tenth of Covid times, while those of electronic components are down by up to 60-80%, the executives said.

Prices of most electronic components for television, mobile phones, appliances and computers, and the freight cost of shipping them to factories have eased to pre-Covid levels after touching record highs in the last two years.