Taiwanese handset maker HTC today said its Vice President and India Head Faisal Siddiqui has been appointed as the new Regional President of its South Asia operations.
South Asia region includes, India, Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand and emerging markets in Asia.
Siddiqui brings with him more than 18 years of industry experience and in his new assignment, Faisal will lead HTC South Asia and strengthen our position as one of the market leaders in the region, HTC said in a statement.
He succeeds Jack Yang, who is leaving HTC for personal reasons and will move into an advisory role during this transition of the South Asia business.
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News In Shorts raises Rs 25 cr from Tiger Global * News curator News in Shorts has raised Rs 25 crore in Series A funding from Tiger Global, Rebright Partners of Japan and existing investors Sachin and Binny Bansal.
The TLABS incubatee firm had raised its seed round in June 2014, led by angel investors and mentors Ankush Nijhawan, Gaurav Bhatnagar and Manish Dhingra.
The seed funding also saw participation from Flipkart co-founders Sachin and Binny Bansal and Times Internet.
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Intex launches Aqua Star II for Rs 5,999 * Domestic handset maker Intex today launched a new smartphone -- Aqua Star II -- priced at Rs 5,999.
The device is powered by Android KitKat operating system and has 1.2 GHz quadcore processor and 1GB RAM.
With 8 GB memory (expandable up to 32GB), the dual SIM device has a 5-inch IPS display, 8MP rear and 5MP front camera and 2,000 mAh battery.
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Happiest Minds appoints Sashi Kumar as CEO & MD * IT firm Happiest Minds today announced the appointment of Sashi Kumar as its new Chief Executive Officer (CEO) and Managing Director (MD).
Prior to Happiest Minds, Kumar has worked with Microsoft, SAP and CSC. He began his career in Wipro, it said in a release.
Headquartered in Bangalore, Happiest Minds has operations in the US, UK, Singapore and Australia. It has secured a USD 52.5 million funding from a group of investors led by Canaan Partners, Intel Capital and Ashok Soota. The company has 94 clients and employs 1,450 people.
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Elder Pharma launches Solo range of inhalers
* Elder Pharmaceuticals today said it has launched Solo range of inhalers for nasal congestion, with an eye on the country's Rs 800 crore nasal inhaler market.
The Solo basket comprises Rub (a pain balm), cough drops and lozenges for throat soothing. With a focus on the rural markets, the company has also launched these products in smaller sizes and has earmarked Rs 25 crore for its promotional activities, a company release said.
Elder foresees 8-10 per cent annual growth in nasal decongestion market and is banking on substantial growth from B and C category towns. The market is currently valued at Rs 800 crore with Vicks from P&G, dominating with more than 50 per cent market share.
