LAVA INTERNATIONAL
Consulting, finance companies top recruiters at IIM-Calcutta
The Indian Institute of Management, Calcutta (IIM-C) concluded its final placements for the MBA Class of 2025, with the consulting sector emerging as the top recruiter, offering 201 positions (37.3% of total offers). A total of 456 students received 538 offers from 196 companies, despite challenging market conditions.
IIM Lucknow wraps up 2025 placement drive with highest domestic package of Rs 75 LPA
IIM Lucknow's MBA Class of 2025 saw the highest domestic and international packages reach Rs 75 lpa and Rs 65 lpa, respectively, with an average salary of Rs 32.3 lpa. The placement season concluded with over 600 offers from 180 recruiters including Accenture, Amazon, Bain & Company, and McKinsey & Company, among others.
Phone makers seek PLI renewal, say there's more to be done
Mobile phone manufacturers are requesting the Indian government to extend the production-linked incentive (PLI) scheme for smartphones, highlighting the need to boost local value addition and product design. While the current PLI has made significant strides, its extension is seen as crucial for achieving long-term manufacturing goals and adapting to global geopolitical shifts.
Lava eyes 10 pc market share in Rs 20K-25K online smartphone segment with Agni 3 launch
Lava International aims to capture 10 per cent market share in the Rs 20,000-25,000 smartphone segment with Agni 3. Priced between Rs 19,999 and Rs 22,999, it features MediaTek Dimensity 7300X chipset and an innovative rear display. Agni 3 will be available on Amazon from October 9. Lava targets a 10 per cent market share in the sub-Rs 30,000 segment by 2025-26.
Lava mulling spinning off manufacturing arm into independent co
Lava International may spin off its manufacturing arm to meet PLI targets. Despite past struggles and lost business from Chinese brands and Google Pixel, head of manufacturing Sanjeev Agarwal is hopeful about a new incentive package. Lava plans increased local value addition, PCBA, and evaluating components for in-house production or outsourcing, balancing capital expenditure for growth.
Lava International plans to raise Rs 600 cr via IPO in FY26
The company also plans to expand its manufacturing and R&D efforts, after starting to design its devices in-house. It is part of the government's production-linked incentive scheme, but has failed to qualify for incentives for the first two years of the scheme.
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Lava readies Rs 500-crore R&D, marketing plan
Indian smartphone brand Lava plans to invest over ₹500 crore in research and development and marketing over the next two years. With a focus on '5G-fying' budget smartphones, the company aims for 100% year-on-year growth. Lava, which saw its revenue triple since its 2020 relaunch, intends to compete with Chinese rivals by enhancing R&D capabilities and brand presence, targeting a 100% growth rate for the next 3-4 years.
Vivo case: Court extends ED custody of Lava International MD Hari Om Rai by 2 days
A Delhi court has extended the custody of Hari Om Rai, the managing director of Lava International, by two days in a case of alleged money laundering involving smartphone company Vivo. The court also granted the Enforcement Directorate (ED) two more days of custody for questioning Chinese national Guangwen alias Andrew Kuang and chartered accountant Nitin Garg. The ED has accused Vivo of illegally transferring Rs 62,476 crore of its revenues to China to avoid taxes in India.
Lava launches new variant of Lava Blaze 5G with 6GB RAM in India; Check specifications, price here
Lava International Limited has presented a new edition of Lava Blaze 5G in the Indian market. The phone offers more RAM and storage capacity to customers. Know more about Lava Blaze 5G price and specifications here.
Sebi returns Lava International'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 to launch 5G smartphone at Rs 10,000 around Diwali
Pre-bookings for the Lava Blaze 5G will commence around Diwali this year, he said. Built on MediaTekDimensity 700 chipset, the smartphone will have 50 megapixels (MP) AI triple rear camera and 8 MP front camera and come with an anonymous call recording feature.
Lava plans to raise up to Rs 1500 crore via IPO; files DRHP
The IPO consists of a fresh issue of equity shares worth Rs 500 crore and an offer for sale (OFS) component of 43,727,603 equity shares.
Lava International files draft papers for its IPO
The company plans to raise Rs 500 crore from the primary market. Along with that, its shareholders will also sell a total of 43,727,603 shares during the IPO.
Lava plans to launch 5G phone before Diwali, targets 20 pc share in mobile accessories segment
The company is also looking at up to 20 per cent share in the mobile accessories segment in the next 2-3 years, Lava International president and business head Sunil Raina told PTI.
Lava IPO plan ready, firm dials up shareholders for approval
Phonemakers are expected to benefit from the PLI scheme, which offers 4-6% incentive for mobile manufacturers.
Lava holds up IPO, raising funds via rights issue at 30% premium
The company seeks to capitalise on the incentives being offered by the government to boost local manufacturing of electronics.
Atmanirbhar focus sends LAVA shares soaring in unlisted market
The government has been working actively on making India an alternative manufacturing hub to China and has announced production-linked incentives and other benefits.
Corona care: Lava makes lockdown period easy for factory workers, pays 20% advance salary
The smartphone-maker has around 3,500 workers in the factory.
Lava shuts Noida manuacturing factory till Mar 25 under Govt orders
“We have shut the factory between 22 March-25 March as per UP government’s directive,” Lava spokesperson told ET. According to company data, the plant has a manufacturing capacity of 3 million units per month while 2 million units are exported every year.
Domestic phone-maker Lava to raise $90 million from US fund, to invest in R&D
GEM group will make the investment over the next 36 months for through a 'Share Subscription Facility' which will allow the company to sell American depositary receipts to the US fund house in exchange for drawing down available funds, Lava said in a statement.
Lava to invest over Rs 2,600 crore in manufacturing units in 5 years
Lava is present in 11 countries, including Nepal, Bangladesh, Sri Lanka, Pakistan, Indonesia, Mexico, the Middle East, Russia, Egypt and Thailand, where it is the market leader.
Lava launches year long screen replacement offer ahead of festive season
In a statement Friday, Navin Chawla, chief operating officer, Lava International, said that people spend a considerable amount to buy mobile phones and were
Lava inks JV with Easy Group for Egypt entry
As part of the way forward plan, Lava will also explore opportunities to set manufacturing facilities and assembly units in Egypt.
Lava International to ramp up handset production in India
Company also has planned to set up a two green field manufacturing projects to come up in Yamuna Expressway and the other at Tirupati, Andhra Pradesh.
Lava International to raise $200 million to finance Rs 1,800 crore handset manufacturing unit
Lava International will raise nearly $200 million through overseas borrowings to part-finance its Rs 1,800-crore handset manufacturing unit.
Lava launches Hive UI based Xolo 8X-1000 at Rs 13,999
Lava International has expanded its smartphone range under the Xolo brand with the launch of Xolo 8X-1000, and priced it at Rs 13,999.
Lava International to go Xiaomi way with customised OS Hive, targets 10% market share
Lava is introducing its highly customised Android-based OS called Hive through its upcoming smartphone Xolo Play 8X-1000, taking a leaf out of Xiaomi's book.
Lava launches smartphone at Rs 13,499
Lava International today launched its premium smartphone at Rs 13,499 which will be available from the fourth week of this month
Lava International expects Rs 1,000 cr business by March'12
Director S N Rai said Lava is looking for expansion of business in Africa and looking at new geographies namely Peru and Chile.
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