Lava International

Indian handset makers struggle to meet PLI targets; Apple leads the game

Lava International, Bhagwati (Micromax), and local contract manufacturer Optiemus have so far been unable to meet the targets

Lava launches Yuva 2 Pro smartphone at Rs 7999: Specifications and features

Lava Yuva 2 Pro comes pre-loaded with free subscription of Doubtnut's course material for students in classes 9th to 12th (worth up to Rs 12,000 for one year)

Lava Blaze 5G phone's 6GB RAM variant goes on sale with introductory offers

The 6GB variant of Lava Blaze 5G is available for purchase on Lava E-store and e-commerce platform Amazon India. Below are the details

Sebi returns Lava Intl's draft IPO papers; asks to refile with updates

Capital markets regulator Sebi has returned the draft IPO papers of Lava International and asked the home-grown mobile maker to file documents again with certain updates. The move might delay the company's initial public offering (IPO). Lava International had filed draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) in September 2021 to raise funds through an initial share-sale. The proposed IPO comprises fresh issuance of equity shares worth up to Rs 500 crore and an offer for sale (OFS) component of 4,37,27,603 equity shares. The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware. The company proposes to utilise the proceeds from the fresh issue for marketing and brand building activities, funding acquisition and ot

Testing times for PLI schemes: Covid-related delays put firms in pressure

Companies have petitioned the government to double the incentive from 2.5 per cent to 5 per cent and extend the tenure

Lava launches its first 5G smartphone 'Agni' at Rs 19,999: Details here

Home-grown mobile phone company Lava International has become the first Indian brand to launch 5G smartphones for domestic consumers. The smartphone launched under the brand name 'Agni' has been developed by Lava in India and is getting manufactured at its plant in Noida, Uttar Pradesh. "The purpose of launching Agni is to give Indian consumers the choice of a made in India 5G smartphone for Indians by an Indian company. We wanted to establish before people that there can be an Indian brand which is technology oriented. "We are second in the world to launch a 5G smartphone on Mediatek Dimensity 810 chipset," Sunil Raina, President & Business Head, Lava International told PTI on the sidelines of the launch. He said that the price of Agni has been kept at Rs 19,999 which is competitive, compared to Chinese brands that dominate the Indian market at present. The Lava Agni 5G will come with a 6.78 inch full high-definition plus IPS punch hole display which is largest in its ...

PLI scheme: Lava seeks to reboot with first locally made smartphone

Wishes to cash in on geopolitical situation, hopes anti-China sentiment will work in its favour

Govt's ambitious call: Making electronics sector worth $400 bn by 2025

The first of a two-part series analyses the feasibility of goals set for electronics manufacturing

Securing the high ground

Through a new campaign, Lava International hopes to usurp the properties of reliability and trust