Foxconn buys 10% stake in MoMagic
Advertisement
Advertisement
Foxconn International Holdings (FIH) Mobile's subsidiary has bought 10% stake in Delhi-based mobile Internet Company MoMagic Technologies for an undisclosed amount. This comes as the Taiwan-based company plans to expand it’s India business.FIH and MoMagic aim to tap significant business opportunities in the world's fastest-growing mobile internet and smartphone market.
Charles Pan, Special Assistant to Chairman & Chief Investment Director, FIH Mobile Ltd., said, "Our investment in
The investment also underscores FIH's commitment to actively collaborate with technology companies in India to create a positive industry ecosystem for innovation and business opportunities, the companies said in a joint statement Monday.
Advertisement
Advertisement
- GST revenue collection for April 2024 highest ever at Rs 2.1 lakh crore
- Top tourist places to visit in Mcleodganj in 2024
- 7 things to do on your next trip to Mcleodganj
- 9 most romantic sunset views across India
- 5 schools in Delhi, 1 in Noida receive bomb threats, searches underway
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market