Fitch cuts RCom’s junk rating even further

New Delhi

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Fitch Ratings downgraded Reliance Communications further into junk territory on Thursday, becoming the latest credit agency to cast doubt on the Indian mobile phone operator's ability to meet its heavy debts. It cut Reliance's long-term foreign and local-currency ratings to "CCC" from "B-plus", and its $300 million 6.5% senior secured notes due 2020 to "CCC/RR4" from "B+/RR4." Reuters

New Delhi

Sony unveils Xperia XZ Premium at Rs 59,990

In a bid to outshine other premium smartphones, Sony India on Thursday launched Xperia XZ Premium — the world's first smartphone with 4K HDR display and superfast download speeds with Gigabit-class LTE connectivity at Rs 59,990 in the country. Ians

New Delhi

Samsung launches Galaxy S8+ with 6GB RAM

After receiving a good response to its flagship smartphones Galaxy S8 and Galaxy S8+, Samsung India on Thursday launched a new variant of Galaxy S8+ with 6GB RAM and 128GB internal storage. Priced at Rs 74,990, the device can be pre-booked on Samsung Shop and Flipkart starting June 2. The delivery will begin from June 9. Ians

Mumbai

Xiaomi to set up 100 MI Homes in 2 years

Betting big on the offline market, Chinese handset maker Xiaomi on Thursday said it plans to set up 100 Mi Homes, its flagship store, in India in two years. PTI