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vivo V23 series redefines premium segment: Yogendra Sriramula, vivo India

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As aspiring Indian consumers scout for innovative features, great cameras, and aesthetic design from their smartphones, vivo is redefining the premium segment with V23 series, by delivering compelling value propositions that provide customers with purposeful technology that enhances their lifestyle, a top company executive said on Thursday.

Yogendra Sriramula, Director-Brand Strategy, vivo India said, “vivo V23 Series is for discerning consumers who seek beyond megapixels from cameras — an ability to visually communicate in today’s image-centric world and an exquisite design that is a testimony to the upgrade in their lives.”

“At vivo, we aim to bring cutting-edge innovation with outstanding craftsmanship in the industry. V23 series offers multiple industry-first innovations such as India’s first colour-changing back panel and India’s first 50MP Eye AF Dual Selfie camera,” Yogendra told IANS. 

The Fluorite AG glass changes colours when exposed to sunlight and other sources of artificial UV rays.

The dual front camera with advanced eye AF technology offers exceptional photography features to capture brilliant portraits and selfies.

“As a brand, we want to bring innovations that are a game-changer and are consistent with our purpose to bring joy to our users through superior yet simplified technology,” said Yogendra.

With 15 percent share, vivo was third in the Indian smartphone market in Q3, 2021, according to Counterpoint Research.

It became the top 5G smartphone brand for the first time in Q3 2021, while remaining the top offline smartphone player as well. 

vivo registered its highest ever shipments in the premium segment driven by the X60, V21, and iQOO series. The brand reached its highest ever ASP (average selling price), which can be attributed to the increased focus on the premium segment through the V-series and iQOO-series smartphones, according to Counterpoint.

Yogendra said that with the V series, we aim to provide our users who seek nothing less than the best with respect to technology, sophisticated design and chic appearance, and camera performance. These users seek joy in connections and V series helps them experience that joy with the experience it offers.

“Our newly-launched vivo V23 Pro is one such powerful device to own with exceptional performance, industry-leading features like 108 MP rear camera and India’s Slimmest 3D Curve Display Smartphone at 7.36mm,” Yogendra told IANS.

India’s first 50MP Eye Autofocus Dual Selfie camera in V23 Series is complemented by pixel isolation technology through which the front camera captures abundant light and boosts colour authenticity.

Users can take stunning selfies full of details and well-balanced colours while retaining all the unique features. They can also zoom into each face in the picture so that it can be cropped out to be an individual portrait.

The 108MP rear camera on vivo V23 Pro delivers a lively world of detail with 12000X9000 super high-definition resolution. Consumers can experience the clarity and sharpness even when the image is captured from tens of metres away. 

V23 Pro offers a Super Night Video mode to shoot bright and clear night videos while V23 comes with a triple rear camera module consisting of a 64MP night camera, an 8MP super wide-angle camera, and a 2MP super macro camera that also supports Super Night Mode to deliver unmatched performance in the dark.

The dual-camera system shapes the background light and renders classic, creamy flare bokeh effect seen only through professional lenses. 

It helps you take outstanding and creative portraits at night without having to spend on professional equipment.

According to Yogendra, “Understanding the rapidly changing and ever-increasing requirements of the smartphone user is very important to us.

“We believe in introducing more evolved and technologically progressive products. We continue to bring the smartphones that offer the best of technology, design, imaging capabilities,” he noted.

With a positive response for X70, X60, and X50 in recent years, vivo said it aims to build the X series in the high-end smartphones category that caters to people who seek break-through camera capabilities for professional photography like experience that satisfies their creative urge. The stellar design complements their aesthetic sense with a no-compromise approach even in the processor.

“vivo has always been a brand synonymous with premium quality and that has reflected across our product categories. We have continuously strived to bring out innovation in design and creativity with an ability to deliver leading-edge technology in all our smartphone segments,” said Yogendra.

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SIP inflows hit all-time high of Rs 26,632 crore in April: AMFI data

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Mumbai, May 9: India’s mutual fund industry saw a historic surge in systematic investment plan (SIP) contributions in April, with investors pouring in a record Rs 26,632 crore last month, according to data by the Association of Mutual Funds in India (AMFI) released on Friday.

This marks the highest-ever SIP inflow for any month, the report said.

In April, 1.36 crore SIP accounts were either closed or matured as part of this process. However, investor interest remained strong. The number of active SIP accounts grew to 8.38 crore in April, up from 8.11 crore in March, showing that people are still keen on building long-term wealth through mutual funds.

April also saw the creation of 46 lakh new SIP accounts, higher than the 40.19 lakh new accounts opened in March.

AMFI said the spike in account closures was due to a planned clean-up and is likely to reduce sharply from May onwards.

“The sustained inflows underscore improving investor sentiment, supported by strong corporate earnings, resilient macroeconomic fundamentals, and a continued tilt towards equities as the preferred asset class,” said Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India.

Notably, the absence of any major new fund launches during the month indicates that investors largely allocated capital to existing schemes — a testament to their confidence in the long-term growth prospects of Indian equity markets, he added.

The record-breaking investment came even as the industry undertook a large clean-up of inactive accounts.

Despite a slight dip in inflows into equity mutual funds, the overall mutual fund industry continued to grow rapidly.

Total assets under management (AUM) reached an all-time high of Rs 70 lakh crore in April.

This is a big jump from Rs 65.74 lakh crore recorded in March — showing strong investor confidence in the market.

Large-cap mutual funds, which had faced outflows in recent months, bounced back with net inflows of Rs 2,671.46 crore in April.

This was a slight increase from Rs 2,479.31 crore in March. According to the report, this suggest that investors are regaining interest in these relatively stable funds.

Mid-cap funds attracted Rs 3,313 crore during the month, a minor drop from Rs 3,438.87 crore in March.

Meanwhile, small-cap funds continued to perform steadily, drawing Rs 3,999.95 crore in April, only slightly lower than the Rs 4,092 crore they received the month before.

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India, Chile make progress on comprehensive economic partnership agreement

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New Delhi, May 9: India and Chile have signed the terms of reference (ToR) for a comprehensive economic partnership agreement (CEPA), marking a significant advancement in their bilateral trade relations, the government said on Friday.

The mutually-agreed ToR were signed by Juan Angulo, Ambassador of Chile in India and Vimal Anand, Joint Secretary in Department of Commerce, who is also the Chief Negotiator for India-Chile CEPA from the Indian side.

Both sides reiterated their shared vision for strengthening bilateral relations and look forward to fruitful discussion during the first round scheduled in the national capital from May 26-30.

According to the Commerce Ministry, the CEPA aims to build upon the existing PTA (preferential trade agreement) between the two nations and seeks to encompass a broader range of sectors, including digital services, investment promotion and cooperation, MSME and critical minerals, etc. thereby enhancing economic integration and cooperation.

India and Chile are strategic partners and close allies, sharing warm and cordial relations.

Bilateral ties have steadily strengthened over the years with the exchange of high-level visits. A Framework Agreement on Economic Cooperation was signed between the two countries in January, 2005, followed by PTA in March, 2006.

Since then, economic and commercial relations between India and Chile have remained robust and continue to grow.

According to the ministry, an expanded PTA was subsequently signed in September 2016 and became effective from May 16, 2017.

In April 2019, both countries agreed to pursue a further expansion of the PTA with three rounds of negotiations between the years during 2019-2021. To deepen their economic engagement, both sides expressed their intention to negotiate a CEPA to unlock the full potential of their trade and commercial relationship, boosting employment, facilitating investment promotion, and cooperation and exports, as suggested by the Joint Study Group established under the Framework Agreement.

The JSG report was finalised and signed on April 30, 2024.

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Pakistan stock markets continue to bleed, down 14 pc since Pahalgam attack

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New Delhi, May 8: The stock markets in Pakistan further tanked on Thursday, as trading was halted at the Karachi Stock Exchange (KSE) amid rising geopolitical tensions.

Karachi Stock Exchange fell more than 6 per cent on Thursday before the trading was halted. The stock exchange has been witnessing a continuous decline since the barbaric Pahalgam terror attack.

The main index, Karachi Stock Exchange 100 Index (KSE-100), has slipped by more than 13 per cent since April 22 when the terror attack happened, killing 26 people, most of them tourists.

On April 22, the KSE-100 index was at 1,18,430, which has now dropped to 1,03,060.

Apart from this, another Pakistani stock index, KSE-30, has also fallen more than 14 per cent since April 22.

Amid the grim state of the stock markets, Pakistan has only $15 billion of foreign exchange reserves left and is on the verge of economic collapse.

The country is seeking a fresh loan worth $1.3 billion from the International Monetary Fund (IMF) to run its economy.

Pakistan’s economy, in the initial years after independence, grew at the same pace as India’s, backed by US aid and donations from the oil-rich Islamic nations.

However, while democratic India kept its focus on economic development and lifting its masses out of poverty, Pakistan has been rocked by bloody coups and military dictatorships, with the army Generals still calling the shots and fuelling hostility against its more prosperous neighbour.

Pakistan was on the brink of sovereign default in 2023 and had to be bailed out by a $3 billion IMF loan.

The country is still critically dependent on this financial lifeline and is desperately trying to raise another $1.3 billion climate resilience loan.

Overall, the neighbouring nation now faces an economic freefall – crippled by political chaos and the long-term cost of harbouring terrorism.

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