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South Korean Tech Giant Samsung Set to be Top Smartphone Seller in India

The phone will also have the “Hole-in-Display”, a technology currently available in its flagship S10 series

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samsung, tablet folded phone
The new Samsung S10 phones are displayed Feb. 20, 2019, in San Francisco. Samsung is hailing the 10th anniversary of its first smartphone with three new models that it hopes reverses a sales slump in an industry recycling the same ideas. VOA

By Gokul Bhagabati

Riding sales of Galaxy A and online-only Galaxy M series, Samsung is on track to beat Xiaomi as the No. 1 smartphone seller in India this year, according to a top executive of the South Korean tech giant.

“We are aiming to double online market share in the country this year. Overall, we are expecting a healthy double-digit growth in revenue in the India smartphone business,” Asim Warsi, Senior Vice-President, Mobile Business, Samsung India, told IANS, here on Wednesday. The company “should be” the biggest smartphone seller in the country by the end of this year, he added.

Samsung has sold within 3 months two million M series smartphones, in addition to over 5 million Galaxy A phones in 70 days.

With 48.6 per cent share of the online channel, Xiaomi maintained its leadership position in the India smartphone market in the first quarter of 2019, according to International Data Corporation (IDC). Online sales reached 40.2 per cent of the India smartphone market in the same period.

Samsung increased its online share to 13.5 per cent in the same quarter. But with the launch of its India-first Galaxy M series phones, the company is “pushing the envelope” to increase its share of the online channel.

Smartphone, tablet folded phone
DJ Koh, president and CEO of IT and Mobile Communications, holds up the new Samsung Galaxy Fold smartphone during an event, Feb. 20, 2019, in San Francisco. VOA

“Our business in online has taken a vertical take off, thanks to the three M series models,” Warsi said, adding its phones in other series were also available online.

The three M series models that Samsung has launched are — Galaxy M10, M20, and M30 — in the Rs 8,000 to Rs 18,000 price range.

Its fourth phone in the series will be M40, scheduled for launch on June 11. “We are planning to launch the Galaxy M40 at around Rs 20,000,” Warsi said.

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“The Galaxy M40, to be powered by the Qualcomm Snapdragon 675 processor, will have the screen sound technology. The sound is created through the vibration of the screen,” Warsi said.

The phone will also have the “Hole-in-Display”, a technology currently available in its flagship S10 series. (IANS)

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The Challenges, Growth and Prospects of Olive Oil Industry in India

Discussing the growth, prospects of olive oil in India

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For the first time in the country, experts in India will hold a panel discussion about the olive oil industry. Pixabay

BY PUJA GUPTA

For the first time in the country, experts in India will hold a panel discussion on the challenges, growth and prospects of the olive oil industry on the 13th of December at PHD Chamber of Commerce & Industry.

Rahul Upadhyay, President and Akshay Modi, Vice-President at The Indian Olive Association (IOA) will be hosting the Annual Public at the Lakshmipat Singhania Auditorium. The session will discuss the transition of olive oil from being a foreign oil to a homegrown oil with which the citizens of India can now reckon with.

The panel moderated by senior food and travel writer Rupali Dean will spearhead the session on Olive Oil In India-2.0. The panel of speakers will include noted restaurateurs, chefs, nutritionists, food researchers and biologists, entrepreneurs, retailers, food, health and fitness experts.

Olive oil india
The Indian Olive Association focuses on the problems confronting the emerging sector of olive oil and table olives in India. Pixabay

Upadhyay said, “The Indian Olive Association focuses on the problems confronting the emerging sector of olive oil and table olives in India. With Annual Public Session, we attempt to bring together the doyens from the food and health industry to discuss the problems and offer solutions that will accelerate the growth of olive oil in India.”

Akshay Modi, Vice-President at The Indian Olive Association (IOA). “The Annual Public Session is a platform that brings together all the diverse stakeholders to speak a unified voice for the greater good of the category of olive oil in India.”

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The Indian Olive Association (IOA), the national apex association of olive oil producers, growers, distributors, importers, users and consumers in India works to promote consumption and expand the market for olive oil and table olives. The association focuses on the problems confronting this emerging sector in India. Macro-economic factors like GST, Import Duty and issues with respect to the import of both table olives and olive oil are taken up by IOA with multiple authorities to streamline the import process and ensure a steady growth for this category. (IANS)