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Lava readies Rs 500-cr R&D, marketing plan

Indian smartphone brand Lava plans to invest over ₹500 crore in research and development and marketing over the next two years. With a focus on 5G-fying budget smartphones, the company aims for 100% year-on-year growth. Lava, which saw its revenue triple since its 2020 relaunch, intends to compete with Chinese rivals by enhancing R&D capabilities and brand presence, targeting a 100% growth rate for the next 3-4 years.
Sunil Raina Lava International Lavar Ampd Plans Lava Growth Plans Lava Smartphones Lava Sunil Raina

Vivo PMLA case: Delhi Court extends judicial custody of Chinese national, others till Dec 7, ET Retail

A Patiala House Court of Delhi extended the custody of Lava International MD and three others by 14 days in a money laundering case involving Chinese phone-maker Vivo. Denying allegations, Vivo vowed legal action, while the accused, including Lava International MD Hari Om Rai, face continued custody over the ongoing investigation.
Zhang Jie Rajan Malik Devender Jangala Guangwen Kyang Nitesh Rana Nitin Garg

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