Suryash Kumar News Today

Indian brands like Micromax, Lava and others have a tall task ahead. "They (Indian brands) lack financial wherewithal and technological fundamentals and are dependent on global supply chains for manufacturing phones, and dont have volumes to bargain with global supply chains," said Faisal Kawoosa, founder of market research firm Techarc.

Reliance Jio: By contrast, Vi’s AGR fell 1.1% on-quarter to Rs 9,300 crore, underlining the latter’s continuing inability to compete effectively with its two financially-stronger rivals.