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Examples
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Even as it struggles to catch up with Apple's iPhone and Research In Motion's BlackBerry in the global smartphone market, Nokia has run into strong competition from a slew of domestic brands such as Micromax, Karbonn and Lemon Mobile in the entry-level market.
The Economic Times 2010
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Firms such as Micromax and Olive have already launched qwerty keypad phones for as low as Rs
The Economic Times 2010
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NEW DELHI: Nokia launched a sub-euro100 (Rs 6,000) handset loaded with full qwerty keypad, mobile email service and access to social networking sites on Monday to counter competition from local brands such as Micromax and challenge BlackBerry and iPhone in the smartphone segment.
The Economic Times 2010
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Micromax currently makes handsets through contract manufacturers in China, Taiwan and South Korea, and sells phones in Sri Lanka and Nepal, apart from India.
Micromax Withdraws $106 Million IPO R. Jai Krishna 2011
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Micromax said in an emailed statement that its board recommended to withdraw the IPO to "allow the company to focus on new product launches and product development."
Micromax Withdraws $106 Million IPO R. Jai Krishna 2011
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The response to the share sale is a positive indication of investor appetite, and augurs well for companies including L&T Finance Holdings Ltd. and Micromax Informatics Ltd. that have been waiting for market sentiment to recover before launching their IPOs this year.
Muthoot Raises Hopes of More IPOs Bijou George of Dow Jones Newswires 2011
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Micromax had earlier cut its IPO size in March--from an initial plan of raising about $150 million--again due to the weak stock markets.
Micromax Withdraws $106 Million IPO R. Jai Krishna 2011
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New Delhi-based Micromax had filed a draft IPO prospectus in October last year, which was approved by the Securities and Exchange Board of India in January 2011.
Micromax Withdraws $106 Million IPO R. Jai Krishna 2011
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Mr. Agarwal also said that Micromax doesn't currently plan to raise funds through any other means for its operations.
Micromax Withdraws $106 Million IPO R. Jai Krishna 2011
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Micromax joins a clutch of companies in India which have either shelved or delayed their share-sale plans because of weak markets.
Micromax Withdraws $106 Million IPO R. Jai Krishna 2011
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