Friday, May 24 2024 | Time 12:08 Hrs(IST)
Business Economy

South Indian ORA decides to discontinue Oneplus product sales from May 1

Hyderabad, Apr 10 (UNI) The South Indian Organised Retailers Association (ORA), the registered association of the Organised Retailer Chains in India, on Wednesday decided to discontinue of Oneplus Product Sales from May 1, 2024, due to unresolved Concerns.
In a letter addressed to Ranjeet Singh, sales director Oneplus Technology India Private Limited Bengaluru, ORA President Sridhar T S said throughout the past year, we have encountered significant obstacles associated with selling OnePlus products, which remain unresolved.
These challenges include Narrow profit margins; Delays in claim processing ; Mandatory bundling and Model-specific bundling targets, he said despite our persistent efforts to address these concerns with the OnePlus company, little progress or resolution has been achieved but promises made have not been fulfilled, leaving us with no recourse but to take this drastic measure.
As esteemed partners, we had hoped for a more fruitful collaboration with OnePlus, but the ongoing issues have left us with no alternative and discontinue the sale of OnePlus products in our stores, he said.
ORA painfully wishes to inform our collective decision to halt the retail of OnePlus products in our establishments from May 1, 2024, Sridhar said.
He urged OnePlus to proactively address these concerns before April end .
More News
Sensex falls 83 pts

Sensex falls 83 pts

24 May 2024 | 10:53 AM

Mumbai, May 24 (UNI) The BSE Sensex on Friday declined 83 pts to open at 75,335.45 on profit booking by local operators.

see more..

Major currencies down

24 May 2024 | 10:13 AM

Mumbai, May 24 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..

NSE listed companies’ market capitalisation surpasses USD 5 trn

23 May 2024 | 11:07 PM

Hyderabad, May 23 (UNI) The market capitalisation of Indian listed companies on NSE surpassed USD five trillion (Rs 416.57 trillion) on Thursday.

see more..

TAJGVK Hotels and Resorts Q4FY24 standalone net profit increases to Rs 26 cr

23 May 2024 | 10:50 PM

Hyderabad, May 23 (UNI) TAJGVK Hotels and Resorts Limited (TAJGVK) on Thursday reported an increase in its standalone net profit to Rs 26 crores for the fourth quarter ended March 31, 2024 as against Rs 14 crores during the corresponding quarter in previous year.

see more..

GOCL Q4FY24 consolidated net profit posted at Rs 5 crore

23 May 2024 | 10:48 PM

Hyderabad, May 23 (UNI) GOCL Corporation Limited (GOCL) today announced its financial results for the fourth quarter (Q4) and the fiscal year ending March 31, 2024.

see more..