with 34 perent share, Chinese Smartphones lead the Indian and Global brands

with 34 perent share, Chinese Smartphones lead the Indian and Global brands

Smartphone Praveen Penugonda   10:13 PM

Chinese smartphones recorded 34 percent share and lead Indian markets in Q3 to become largest bloc in India, according to India smartphone Q3 monitor by Counterpoint Research. While Indian smartphone brands lead Indian markets with 41.5% share in the beginning of the year they slump to 33.8 per cent in Q3. 

The shares of Global brands have also declined from 35.9 per cent in Q1 to 32.2 per cent in Q3 and that indicated chinese smartphones makers estabilished  a strong foothold in Indian and Global counterparts.

One important reason is the agresssive prices coupled with  features  these chinese smartphones come up with when compared with the same features in estabilished brands the price difference is clearly higher. So following this statergy the chinese brands were able to garner the attention of middle class, which occupy major chunk in India.

Senior analyst Tarun Pathak, said that association of chinese brands like OPPO nad Vivo during Indian premeir league facilitated these brands to garner large public attention and in way boosted their market share. Lenovo and Motorola lead the pack of chinese brands with combined market share of 9.6%, followed by Xiaomi with 6.45%,Vivo with 4.88 ,Oppo (4.18) and Gionee recorded 4.14% share completing the Top 5.

Shashin Devsare, official chief of Karbonn Mobiles said that while hardware specifications are getting commoditised, it becomes very important to provide simplified user experience to consumers and that is where Indian brands hold the key. Karbonn mobiles recorded 3.08 percent of smartphone share in Q3.

Image credits & source: ET Times

India Shifting Gears to Plastic currency Notes from Paper Notes

India Shifting Gears to Plastic currency Notes from Paper Notes

RBI Praveen Penugonda   9:18 PM

The Government on Thursday informed parliament that a decision has been taken to print plastic currency notes.The procurement of material for plastic currency has also started.

“It has been decided to print banknotes based on plastic or polymer substrate. The process of procurement has been initiated,” Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha to a query whether RBI proposes to print plastic currency notes in place of paper ones.

The reserve bank has long been planning to bring plastic currency in circulation.If we go   back to  2014, the government then informed parliament that they one billion plastic notes of Rs 10 would be released on trial basis in 5 Cities.The  cities were selected based on geographical and climatic diversity. The cities included Kochi, Mysore, Jaipur, Shimla and Bhubaneshwar.

Plastic currency notes have many advantages over paper notes.Plastic notes have long lifespan when compared with paper notes. There is also a minimal chance for the creation of fake notes often seen in the case of paper currency notes. 

Answering to another question, Meghwal said it was informed  by RBI in December 2015 that they have received  a few banknotes of Rs 1,000 without having security string which were printed at Currency Note Press (CNP), Nashik, on paper provided by Security Paper Mill (SPM), Hoshangabad. An inquiry has been started by Security Printing and Minting Corporation (SPMCIL) and the units involved (SPM and CNP).

Meghwal additionally said that a  move has been made to strengthen method and online review framework in manufacturing procedure and the persons involved were given special training to prevent the recurrence of such mistakes in the future.