2.50 lakh units of Redmi 4A sold in 4 minutes

Chennai: Chinese handset vendor Xiaomi on Thursday announced the sale of 2.50 lakh plus units of its latest model 'Redmi 4A' in just four minutes through e-commerce giant, Amazon. Priced at Rs 5,999, the 4G-enabled Redmi 4A will help the company compete aggressively in the sub-Rs 7,000 category that is primarily dominated by Indian players like Micromax. PTI

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New Delhi

Shankara IPO oversubscribed 2.49 times

The IPO of Shankara Building Products was oversubscribed 2.49 times on the second day of the issue on Thursday. The IPO received bids for 1,31,88,736 shares against the total issue size of 52,94,467 shares, data available with the NSE till 1700 hours showed. PTI

New Delhi

CCI clears sale of Reliance Infra tower unit

The Competition Commission of India (CCI) has approved the proposed sale of the tower division of Reliance Communications’ subsidiary, Reliance Infratel, to Canada-based Brookfield Infrastructure Group. PTI

New Delhi

Gold tumbles Rs 350 on weak global cues

Gold prices plunged by Rs 350 to Rs 29,000 per 10 grams at the bullion market on Thursday, tracking a weak trend overseas and drop in demand from local jewellers. Apart from a weak trend overseas, decline in demand from local jewellers and retailers pulled down gold prices, traders said. PTI