Nokia, in association with New India Assurance (NIA), has announced the availability of insurance plans for Nokia phones against risks of theft and damage. This includes thefts, burglary, malicious acts, riots among others, as well as damage that is beyond the purview of the consumer’s standard warranty.

Starting from a minimum insurance premium of just Rs 50, the plan will cost 1.25 per cent of the purchased handset’s value. To avail of this insurance plan, consumers purchasing their handsets from a Nokia Branded Retail Store have to provide a few personal details and receive their insurance certificate, handout and payment receipt at the store itself.

The plan will be available March 14 onwards on all Nokia devices purchased through Nokia branded retail stores across the country, initially in Delhi and the National Capital Region, Jaipur, Mumbai, Ahmedabad, Pune, Kolkata, Chennai, Hyderabad, Bengaluru and Cochin.Read more
Courtesy : www.themobileindian.com

Mobile handset maker Nokia India announced insurance scheme on mobile handset theft and accidental damage, in partnership with insurance firm New India Assurance.

“Through this initiative, our effort is to address one of the major concern of mobile phone buyers and enhance their buying experience with us. Insurance cover will be provided on purchase of new Nokia mobile phones from today onwards, initially across 10 cities,” Nokia India’s Director Retail Kannan Gopalakrishnan said here.

The plan will be available on all Nokia devices purchased through Nokia branded retail stores across the country, initially in Delhi and the National Capital Region, Jaipur, Mumbai, Ahmedabad, Pune, Kolkata, Chennai, Hyderabad, Bengaluru and Cochin.

The customers will have to pay premium of Rs 50 or 1.25 per cent of mobile phone cost, whichever is more, at the time of purchase to avail this offer.Read more
Courtesy : articles.timesofindia.indiatimes.com

Chinese telecommunications equipment maker Huawei is firming up plans to manufacture smartphones for the Indian market out of its facility in Chennai, which already makes networking equipment. This will help support its plans to expand its presence to over 200 cities with 20,000 outlets in three years.

In a report by Financial Chronicle on Sunday, Huawei said that it was “currently conducting quality evaluations and sorting out supply chain issues”. The firm presently makes handsets in China and oursources some production to Foxconn.

Victor Shan, president of Huawei India’s device business department, said in the article: “Low-level feature phones are preferred in rural areas while smartphones are preferred in tier I and tier II cities.” He added that tier I cities accounted for 60 percent of its smartphone sales there . Read more
Courtesy :www.zdnet.com

Poorvika Mobiles, a Chennai-based mobile retail chain, is planning to open 50 stores this fiscal, at an investment of around Rs 20-30 crore. The company also said that it is looking to diversify, for which it may look to raise money from private equity (PE) funds.

Speaking to reporters in Chennai on Friday, N Uvaraj, chief executive officer, Poorvika Mobiles, said the company would like to become a global company and wants to take the brand beyond retailing. “We have a well thought out diversification plan, including a foray into real estate and manufacturing of handsets on our own,” he said.

Kanni Uvaraj, managing director, Poorvika Mobiles P Ltd, added, “We have been getting enquires from PEs, for our present retail expansion, we will stick with our bankers. For future diversification, we may look at PE funds.”Read more
Courtesy : www.business-standard.com