Lava sets Guinness World file with largest telephone Mosaic of Indian Flag
In an excellent feat, Indian mobile phone producer Lava Global has secured an outstanding region inside the Guinness global information by using crafting the largest mosaic composed of smartphones, ingeniously forming the shape of the Indian Flag. The groundbreaking document became hooked up inside the premises of a Noida mall, positioned in Uttar Pradesh, the usage of the progressive Lava Blaze 2 smartphones. A Guinness global statistics adjudicator was on-web the page to formally verify and certify this momentous accomplishment, ensuring that the phone mosaic absolutely merited the name of a new international document. Sunil Raina, the esteemed President and enterprise Head of Lava Worldwide shared his profound pleasure in India’s triumph of creating the biggest animated cell phone mosaic, symbolizing the Indian Flag’s outline. This superb achievement serves as a powerful tribute to the nation on the occasion of its 77th Independence Day. Raina emphasized that this triumph magnificently celebrates the success of Agni 2, an emblem of Indian technological prowess that effectively debunked the false impression surrounding the capacity of Indian tech merchandise. Furthermore, he expressed enormous pleasure in his personal organization for spearheading this groundbreaking success. Lava International, renowned for its prowess in crafting cellular gadgets, boasts a sophisticated manufacturing and repair facility situated in Noida. This facility showcases the amazing capacity to yield a marvelous 42. Fifty-two million function smartphone equivalent handsets yearly, a statistic as of August 31, 2021. Past its feat within the feature telephone realm, Lava has unleashed a numerous spectrum of present-day smartphones, which include the Lava Agni 2, Lava Blaze 5G, and Lava Yuva 2 seasoned. The organization’s great boom is underscored through an outstanding fifty-three% yr.-on-yr. growth at some point in the second zone of 2023, in keeping with Counterpoint research. Evidently, Lava International is dedicated to augmenting its product portfolio to cater to the dynamic desires of the burgeoning Indian market. Bolstered via a sturdy manufacturing and restoration facility, the corporation is strategically located to preserve its trajectory of the boom, cementing its foothold and capturing a more and more extensive marketplace percentage. For the latest updates on Lava‘s revolutionary ventures and its groundbreaking fulfilment in securing the Guinness World document for the most important telephone mosaic depicting the Indian Flag, live tuned with Bharat make investments , the gold standard cellular application facilitating seamless funding in mutual price range and various monetary merchandise. Discover an international wherein technological marvels and financial acumen converge to form a brighter future.
SEBI Directs Lava International To Refile IPO Papers: What Does It Mean?
Lava International , one of the leading Indian mobile phone manufacturers, was recently directed by the Securities and Exchange Board of India (SEBI) to refile its IPO papers. The move has raised concerns among investors who were eagerly awaiting the company’s IPO. The SEBI’s decision to ask Lava International to refile its IPO papers was based on certain discrepancies in the company’s financial statements. SEBI found that the company had not provided adequate details about its financials in the draft red herring prospectus (DRHP) that it had filed earlier. The regulatory body also found that Lava International had not disclosed certain critical aspects of its business operations. The move has come as a setback for the company, which was planning to raise funds through an IPO to expand its operations and compete with other mobile phone manufacturers in the country. However, SEBI’s decision to ask the company to refile its papers does not mean that the IPO has been cancelled. Lava International can still go ahead with its IPO plans once it has addressed the concerns raised by SEBI. The decision to refile IPO papers is not uncommon in the Indian capital markets. SEBI is known for its strict regulations and scrutiny of IPO filings to protect investors’ interests. SEBI’s directive to Lava International is a reminder to companies that they need to be transparent and provide accurate and complete information in their IPO filings. Investors who were planning to invest in Lava International’s IPO should not be discouraged by this development. Instead, they should take it as a positive sign that SEBI is taking steps to ensure that companies provide accurate information to investors. Once Lava International refiles its IPO papers, investors will have the opportunity to assess the company’s financials and business operations in detail before making an investment decision. CONCLUSION SEBI’s directive to Lava International to refile its IPO papers may delay the company’s IPO plans, but it is a necessary step to ensure that investors are protected. Companies planning to go public should ensure that they provide accurate and complete information in their IPO filings to avoid any delays or regulatory action. Reliance Retail share price as of 04/05/2023 is Rs 133. Get regular updates on LAVA share Price , unlisted shares only on Bharat Invest.
Lava Unlisted Share launches Yuva 2 Pro smartphone at Rs 7999
Lava Share Price as of 22-02-2023 is trading at RS. 133 in the unlisted market. You can connect with bharatinvest to invest in Lava’s share. Get regular updates on Lava share, share price, news, corporate actions Expanding its smartphone line-up, homegrown electronics maker Lava International launched the Yuva 2 Pro smartphone in the country on February 21. Priced at Rs 7,999, the smartphone is available for purchase on the company’s online store and select e-commerce platforms. Lava recently announced its partnership with Edtech platform Doubtnut, and the Yuva 2 Pro is its first smartphone to come 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). The Lava Yuva 2 Pro is powered by MediaTek Helio G37 system-on-chip. The smartphone sports a 6.5-inch HD+ resolution screen with a notch to accommodate the front camera. It has a side mounted fingerprint sensor and boasts USB type-C port for charging and data transfers. The Lava Yuva 2 Pro sports a triple-camera array on the back, featuring a 13-megapixel primary camera sensor supported by artificial intelligence. On the front, the phone has a 5MP camera sensor for selfies and videos. The smartphone is offered in 4GB RAM and 64GB on-board storage configuration. It boasts virtual RAM feature, which allows using up to 3GB storage space as RAM for keeping active low-priority apps in the background. The Lava Yuva 2 Pro is powered by a 5,000 mAh battery. It is offered in glass white, glass lavender, and glass green colours. Other features include anonymous call recording. Lava is offering a ‘free service at home’ option for customers to avail after sale services at the comfort of home. REPORT: Lava Unlisted share Source: Business Standard
Big boost for the manufacturing sector through PLI schemes in Budget 2023
Lava Share Price as of 22-02-2023 is trading at RS. 133 in the unlisted market. You can connect with bharatinvest to invest in Lava’s share. Get regular updates on Lava share, share price, news, corporate actions Auto, IT and Pharma sectors are expected to benefit further from PLI schemes in the upcoming budget. The government is anticipated to extend existing PLI (Production-Linked Incentive) schemes and combine them with low corporate tax rates to give a boost to the “Make in India” initiative. This is intended to encourage domestic manufacturing and make the country self-reliant in these key industries.The Production Linked Incentive (PLI) schemes were announced in March 2020 to encourage domestic manufacturing and increase the competitiveness of Indian companies in the global market. Initially, only three sectors were included in the scheme, but as of today, 14 sectors have been included, with a focus on the pharmaceutical industry. Other sectors such as IT hardware, auto, solar, textiles, and food processing have also been included. The total outlay for the scheme is estimated to be 1.9 trillion rupees over a six-year period, with various sectors seeing an increase in allocation.Electronics manufacturing sector is another important area for the Indian government’s PLI scheme. The scheme for electronics manufacturing, pharma, textiles, and auto components have been developed to promote domestic production and increase competitiveness in these sectors. As of now, 32 companies have been approved for the PLI scheme for electronics manufacturing, and 14 companies have been approved for the PLI scheme for IT and hardware.PLI scheme has provided an opportunity for companies in various sectors to benefit from the incentives offered by the Indian government. Companies such as Dixon Technologies and Lava International in the IT hardware space and Dell International are expected to see a boost in their production and competitiveness in the global market. REPORT: Lava Unlisted share Source: Times Of India