- Reliance Industries aims to launch its budget 4G smartphone, jointly developed by the Indian group’s Jio telecoms venture and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google during the Indian festive season of Diwali for ₹6,499 ($87).
- The smartphone will cost ₹1,999 upfront with installment facilities for the remaining.
- The smartphone comes with a tweaked Android operating system named ‘Pragati,’ which means progress in Hindi. It targets first-time smartphone buyers with features like quick translations in 10 Indian languages and a voice assistant.
- The smartphone poses a risk for Xiaomi Corp (OTC: XIACF) (OTC: XIACY) and BBK Electronics, owned Realme, Oppo, and Vivo brands dominating the $2 billion market for sub-$100 smartphones in India, Reuters reports.
- Jio also aims to use the phone to win 2G users from Vodafone Group PLC (NASDAQ: VOD) and Bharti Airtel.
- Price Action: GOOG shares traded higher by 0.93% at $2,949.87 on the last check Friday.
Nucor: Q2 Earnings Insights
Nucor (NYSE:NUE) reported its Q2 earnings results on Thursday, July 21, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Nucor beat estimated earnings by 15.26%, reporting an EPS of $9.67 versus an estimate of $8.39.
