The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recessionUS Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
India is a major strategic market for Chinese smartphone maker Huawei, a senior executive at the company told CNBC this week.
Jay Chen, CEO at Huawei India, said that in the company's near two-decade presence in the country, it has made sizable investments and formed key partnerships in the telecommunications sector.
"We really believe India is one of the most important strategy market in Huawei's global layout," Chen told CNBC at the sidelines of the India Economic Summit in New Delhi. He added that the company has played a "more and more important role in the India market," and that it has "many strategic partnerships with the India telecom industry."
While the company may have deep ties to the telecoms business, its consumer business is still trying to carve a place in India's massive smartphone market.
According to Counterpoint Research, Samsung was the market leader by smartphone shipment in India for the second quarter of 2017. The South Korean giant was followed by Xiaomi, Vivo, OPPO and Lenovo (which includes its Motorola business).
Huawei's absence among the top five smartphone vendors in India is notable. It is currently the third-largest smartphone vendor by shipments globally, and has ambitions to usurp both Samsung and Apple.
September-quarter data on smartphone shipments by volume, both globally and locally, have yet to be revealed by most research firms.
On Thursday, Huawei introduced a new handset in the country — the Honor 9i smartphone, which has a 5.9-inch display, 4GB of RAM and dual front and dual rear cameras. The model, reports said, will be sold exclusively on Indian e-commerce platform Flipkart for about 17,999 rupees ($275.91).
Despite the competition, earlier this year Huawei reportedly set a target of capturing 10 percent market share in the Indian smartphone segment by the end of the year.
Chen said Huawei has developed channels and formed partnerships with e-commerce platforms. "In the last couple of years, Huawei's [been] one of the pioneers to do business on the e-commerce platform, especially for the smartphone business," he said.
The e-commerce push is likely a bid to raise Huawei's profile among Indian consumers — many of whom tend to purchase electronic gadgets from sites like Flipkart or Snapdeal.
Huawei's telecommunications business is also working with other telecoms and partners to develop India's 5G (fifth-generation mobile networks) ecosystem.
In 2015, Huawei said it was investing $170 million in a new research and development campus in Bangalore that can house up to 5,000 engineers. Last year, the company also announced it was going to start locally manufacturing smartphones.