Samsung launches Galaxy S Advance and Galaxy Pocket

Galaxy S Advance and Galaxy Pocket being launched, serve to strengthen our premium as well as the entry level offering in the Smartphone market

Smartphone device provider Samsung Electronics Co Ltd on Tuesday announced the expansion of its Galaxy smartphone range with the launch of the Galaxy S Advance and Galaxy Pocket, a top company official said.

These devices are designed to deliver a powerful performance and offer an immersive user experience, Ranjit Yadav, Country Head, Mobile and IT, Samsung India said.

Galaxy S Advance and Galaxy Pocket being launched, serve to strengthen our premium as well as the entry level offering in the Smartphone market, he added.

Announcing the national launch of these two products for its India Smartphone users, Samsung has made available several interesting applications on its mobile application store, Yadav said adding that with the launch of these two new Smartphones, Samsung has a range of 19 Smartphone models with prices in the range between Rs 7,350 and Rs 38,250.

Samsung's current market share of mobile phones is 44.7 per cent, while the target this year is 60 per cent. So far, Samsung sold 5 Mn units globally, Yadav said.

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Bloomberg UTV appoints Sriram Kilambi as president

Sriram Kilambi has over 13 years marketing and operations experience in the media and FMCG industries

Bloomberg UTV has appointed Sriram Kilambi as the president of the channel. Mr Kilambi, an IIM–Bangalore alumnus, in his last assignment was senior vice-president and national marketing head for Radio Mirchi, the FM station of Entertainment Network India Ltd. Mr Kilambi has over 13 years marketing and operations experience in the media and FMCG industries.

Sriram, 35, did his bachelor of arts (Hons) in economics from St Stephen’s College, Delhi University before joining IIM–Bangalore for his post-graduation

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CII for removal of TDS on corporate bonds

The industry body asked government to raise tax incentives for investment in corporate bond, including deduction from taxable income from infrastructure bonds

The government should remove tax deduction at source (TDS) norm for the bonds floated by companies in order to strengthen the corporate bond market, industry body Confederation of Indian Industry (CII) said, reports PTI.

“The debt market plays a pivotal role in emerging economies which require huge amounts of capital and resources to finance industry...bond markets are critical to support India's high growth aspirations,” the industry body said in a statement.

The CII said: “tax deduction at source, even on non-resident investors, should be removed completely.”

It demanded to raise tax incentives for investment in corporate bond, including deduction from taxable income from infrastructure bonds.

There should be simplified debt listings and investor base should be increased by expanding types of instruments and exposure limit of such entities for institutional investors.

“For retail investors, debentures should be removed from purview of public deposits,” it said.

For overseas investors, restrictions in investment by FIIs in debt window auction and allocation should be done away with it said.

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