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India Extends Hand towards Indian Diaspora Entrepreneurs and Professionals

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New Delhi: The Government of India, today decided to facilitate and attract young Indian Diaspora business professionals, towards its market by launching a year- long fellowship of ‘OIFC-ISB India Fellows Programme’.

It is a result of the public-private partnership between Government of India and the Confederation of Indian Industry (CII).  Overseas Indian Facilitation Centre (OIFC) combined with Indian School of Business (ISB) to initiate the plan.

A leading B-School, ISB, is the place where the young fellows will be taught various aspects of decision-making capacity, the structure of the Indian markets, etc. The fellowship will be offered under the OIFC’s India Connect Initiatives.

To give a detailed account of the program:

One can start with the point that it will be taught by globally renowned faculty from ISB with years of industry experience and also by government practitioners. The fellows will be learning about the subtle dynamics of the legal and regulatory environment, engagement and networking opportunities with Indian business tycoons.

The residential term in India will extend up to 12 days, which will include exposure to the Indian market, its investment policies, domain experts and potential networking with business partners.

The program will be available to anyone belonging to the Indian Diaspora between the ages of 21 to 39 years, with minimum 3 years of experience in the business sectors.

Scheduled to start from June of this year, the fee will amount to the introductory US $ 5,000 along with service tax. Fee includes the provisions of boarding and lodging, program related study materials, field visits and webinars. Although the candidates will have to bear the expense of travel and local conveyance.

After completing their program, the participants will become members of the OIFC India Entrepreneurship Fellows (OIEF) Club, which will also provide the alumni with necessary funds for their foray in the Indian market.

The fellows will be spending their term by residing at ISB’s campuses in Hyderabad, Mohali and at Delhi. (Input from agencies)

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Xiaomi Drops Down Smartphone Prices in India

This is the first time when the smartphone market is at par with the feature phone market, each contributing 50 per cent to the overall mobile phone market

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Xiaomi cuts prices of 5 smartphones in India.

Chinese smartphone maker Xiaomi on Friday announced that it was permanently cutting the prices of five of its handsets in India, a day after the International Data Corporation (IDC) declared that the company was the market leader in the third quarter of 2018 in the country.

“We are delighted to share that we have seen a reduction in component costs of some of our best-selling phones. We were announced as the number one smartphone vendor in India for the fifth consecutive quarter, as per IDC Quarterly Mobile Phone Tracker.

“As a celebration of that, Xiaomi is announcing price cut for five smartphones,” the company said in a statement.

Xiaomi
Chinese smartphone maker Xiaomi on Friday announced that it was permanently cutting the prices of five of its handsets in India.

The 4GB+64GB variants of Redmi Note 5 Pro, Mi A2 and Redmi Y2 are now available for Rs 13,999, Rs 15,999 and Rs 11, 999, respectively while the prices of 6GB+128GB variants of Redmi Note 5 Pro and Mi A2 have dropped to Rs 15,999 and Rs 18,999, respectively.

According to the IDC report, the Chinese handset maker shipped 11.7 million units and became the top brand in the Indian market with 27.3 per cent share in the third quarter this year.

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This is the first time when the smartphone market is at par with the feature phone market, each contributing 50 per cent to the overall mobile phone market. (IANS)