News Snapshot:
The Indian government is likely to ban Chinese phones under Rs. 12,000 or $150, apparently, in a bid to push homegrown smartphone manufacturers. The move would be a blow to Chinese smartphone giants like Xiaomi, Poco, and Realme, among other companies, who rule the lower segment of the world’s second-biggest mobile market, according to the Bloomberg report, Reports suggest Chinese companies have been dominating the affordable smartphone segment for the last several years now. Smartphones under Rs 12,000 account for a third of phone sales volume in India, out of which, 80 per cent of those shipments come from Chinese...
