Samsung set to launch A7 with 3 rear cameras, A9 with 4 rear camera system
New Delhi, Sep 19: Sending a strong signal to Chinese players who play on camera strength in the competitive Indian market, Samsung is all geared up to launch its first three rear-camera smartphone A7 this week and a massive four rear-camera device called A9 next month.
According to reliable industry sources, the disruptive "A7" smartphone will be a mid-price segment device (priced below Rs 30,000). The phone is all set to make an appearance this week.
Samsung is also set to launch its first smartphone with a four rear-camera system device A9 in Malaysia on October 11 that will be a premium device (above the Rs 30,000 price segment), the sources told IANS on Wednesday.
This puts to rest rumours that claimed the Galaxy S10 Plus may be Samsung's first triple-camera smartphone.
DJ Koh, President and CEO of IT and Mobile Communications Division, Samsung Electronics who was in India last month, had said the company is refreshing its mid-price segment smartphones with flagship premium features for the upcoming festive quarter.
According to Koh, the fourth quarter (October-December) in India, which is a key market for the company, will see some exciting launches that will completely alter the course of the mid-segment market -- a space that is currently flooded with Chinese variants.
"You will see devices coming from us in the mid-segment space with flagship features and functionalities that will delight our customers in India," Koh had announced on the sidelines of unveiling Samsung Galaxy Note 9 in Gurugram.
Samsung made a comeback to the top in the overall Indian smartphone market and surpassed Xiaomi with a 29 per cent share in the second quarter of 2018, said a recent Counterpoint Research report, adding that the refreshed Galaxy J series helped the South Korean giant achieve the leading position.
Samsung also dominated the premium smartphone segment in India in the first half of 2018, capturing almost half the market share.
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Binny Bansal steps down from board of PhonePe
New Delhi, Nov 22: Flipkart's co-founder Binny Bansal has stepped down from the board of PhonePe, the fintech company said on Friday.
PhonePe also announced the appointment of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this role, Sabharwal will be instrumental in upholding the integrity and effectiveness of PhonePe's financial reporting, internal controls, and risk management practices, he company said in a release.
"PhonePe also announced that Flipkart's co-founder, Binny Bansal has stepped down from its Board of Directors. Binny acquired PhonePe in 2016 and has been on its Board since then," the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, "I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe's earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!"
Nigam further said that Sabharwal's depth of understanding of India's macro economy, coupled with his leadership in shaping India's policies for education, employment, and employability will be invaluable as PhonePe continues to work ahead towards shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India's largest staffing and human capital firm.
Bansal played an instrumental role in Flipkart's acquisition of PhonePe way back in 2016 and had been on its board since then (the payments firm separated from Flipkart in 2022).
