Xiaomi teases ambitious plans for India

Fast-rising Xiaomi, the fifth largest smartphone maker in the world, has launched its latest high-spec device in India – its first phone to debut outside of China – and announced Tata Sons’ chairman emritus as a new investor. Ratan Tata, …

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India’s central bank backs Tata buying $1.1B Docomo stake — report

India’s central bank is to suspend rules that prevent Tata Sons from purchasing the 26.5 per cent stake held by NTT Docomo in the struggling Tata Teleservices, the country’s seventh largest operator. The stake is worth at least $1.1 billion. …

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