Micromax CEO Vineet Taneja Quits

Vineet Taneja had earlier worked with Samsung India and stints at Bharti Airtel before joining Micromax in July 2014. It is said that Vineet Taneja had clashes with the promoters namely Rahul Sharma, Rajesh Agarwal, Vikas Jai and Sumeet Kumar and could not implement his ideas.

Sanjay Kapoor Steps Down As Chairman Of Micromax

Kapoor’s departure is possibly over differences with founders over strategy. Kapoor was tasked with turning Micromax into a global brand, raising money and building software capabilities. The company has shelved IPO plans and it’s fundraising efforts are yet to bare any fruit.

Micromax Is Developing Its Own Forked Android OS

The OS will run on smartphones, tablets, televisions and wearables. The first device running on the new OS is expected to be launched before the end of the current financial year. Micromax is looking to bring a differentiated experience to consumers, similar to Xiaomi’s MiUi OS.

Micromax Makes Its First International Investment In Cloud Startup MiMedia

The moves marks Micromax’s first international investment and is part of its plan to build a robust ecosystem of devices as well as services. Financial details of the deal have not been disclosed. MiMedia enables users to access their digital content, including photos, videos, music and other files from anywhere, acting as a value add for Micromax customers.

YU Yureka Plus With 5.5-Inch Display Launched At Rs 9,999

The device features a 5.5-inch FHD display and is powered by a Snapdragon 615 processor coupled to 2GB of RAM. Internal storage stands at 16GB, there’s a 13MP primary camera and a 5MP front-facing unit. The battery is rated at 2,500mAh and the device runs on Cyanogen OS 12. Registrations for the device have opened and it goes on sale on July 24.