Introduction of 5G phone as a part of regular OnePlus series can significantly raise the cost, and push price sensitive customers towards other Chinese phone makers

Chinese ecomm giant Alibaba posts sales of over $30 bn during 24-hour retail frenzy; Arun Jaitley lashes out at critics, says GST monumental reform, hit growth for only 2 quarters; Asian Development Bank grants EESL $13 mn to promote efficient energy usage in the country; Tech Mahindra sees global 5G rollouts as a huge opportunity to achieve growth. Watch more in this episode of Business Wrap.

Chinese ecomm giant Alibaba posts sales of over $30 bn during 24-hour retail frenzyChinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.7 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in t...

\"On the telecom side, our visibility is that it will show a gradual growth from now on, the trajectory is right, and we should be able to sustain it,\" chief executive and managing director C P Gurnani told

Justin Denison, a senior vice president of mobile product marketing, showed a prototype with a screen of 7.3 inches. When folded in two it appeared to resemble a thick phone.

The investments in 5G are going to be more obligatory than voluntary for incumbent operators like Airtel and Vodafone Idea Limited given their financial health.

RIL bounces back to the No. 1 position after seven years, thanks to Jio and petchem expansion.

The Communications Minister Manoj Sinha said major investment commitment has come from Ericsson, Samsung, Sterlite Tech, Cisco, Nokia and Intel.