Micromax Informatics Limited has bagged the title sponsorship for Asia Cup cricket tournament for the second consecutive year.
Pantech, South Korea's No.3 smartphone maker, has been under a debt-restructuring programme after suffering six consecutive quarters of losses.
The phone comes with a free 4G SIM and double data offer from Airtel.
Micromax will invest Rs 300 crore on constructing new factories
The proposed company, Yu Televentures, will import handsets from China and sell in the Indian market.
The Central Bureau of Investigation on Wednesday arrested the co-owner of Micromax mobiles and another top executive of the company while they were allegedly giving Rs 30 lakh bribe to the engineers of North Delhi Municipal Corporation for clearance to a banquet hall construction.
YU will be run as a separate business, not as an extension, says Rahul Sharma.
'If you are watching cricket and don't want to leave the screen, you could check the menu and order through Zomato (or any other app) from a small part of your screen. That is what we are working towards.'
The trophy was displayed by the captains of the participating nations.
It was not immediately known how many jobs the proposed new plants would eventually create.
The online strategy cuts down on marketing and distribution costs, allowing Xiaomi to sell feature-rich phones at low prices.
'The Chinese outdid them in the price game and turned the competitive dynamics at the lower end of the handset market from price to value.'
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