LAVA INTERNATIONAL
Govt floats fresh IT tenders at higher prices
Government departments are revising IT hardware tenders with higher pricing. Many previous tenders lapsed as brands refused outdated price bids. Some state governments have now floated fresh tenders reflecting updated costs. Manufacturers faced penalties for defaulting on earlier fixed-price government orders. Decision-makers now accept current market prices for IT hardware procurement.
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.
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
The OFS consists of sale of 1.25 crore equity shares by Hari Om Rai, up to 31.35 lakh shares by Shailendra Nath Rai, up to 78.38 lakh shares each by Sunil Bhalla and Vishal Sehgal, up to 1.13 crore shares by Unic Memory Technology and up to 9.75 lakh shares by Tupperware Kitchenware.
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 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 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, InFocus, Motorola, Micromax and OnePlus set to launch fresh devices next week
Home-bred handset maker Lava International in partnership with Google will launch its first Android One smartphone in India.
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 names Sanjeev Agarwal as manufacturing head
"Sanjeev will play a key role in providing fillip to company’s plan of starting a manufacturing unit in India," the company in a statement said.
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.
Kapil Sibal launches mobile phones made by Karbonn, Lava, Maxx
Sibal today launched three smartphones and one feature phone manufactured by domestic companies.
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's Xolo to sell quad core smartphone for Rs 12,499 from Monday
Lava International's Xolo will start selling its first quad-core smartphone from Monday for Rs 12,499 across country.
Lava to invest Rs 100 cr in R&D this year
Lava plans to invest about Rs 100 crore this year to ramp up its R&D capabilities as it eyes a bigger share of the burgeoning Indian handset market.
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