Dixon shares fall sharply as SFIO investigates Chinese smartphone makers Vivo, Oppo, and Xiaomi
'SFIO is probing Vivo. Xiaomi and Oppo are also given to SFIO. Fund diversions have been alleged in the RoC report. Once the SFIO report is finalised, they will submit it to the MCA,' a government source told Moneycontrol.
Investors reacted quickly to the news, leading to a notable dip in Dixon's stock. Market watchers will now be keeping a close eye on developments, as the probe could have broader implications for supply chains and partnerships involving Chinese smartphone brands in India.
Dixon shares saw trading activity today, with the stock opening at ₹15,900. The price fluctuated between a low of ₹15,593 and a high of ₹16,070 during the session. Over the past 52 weeks, Dixon's shares have ranged from a low of ₹11,559.90 to a high of ₹19,148.90.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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The Hill
23 minutes ago
- The Hill
Trump's economic war on India is a gift to China
President Trump's decision to slap secondary sanctions on India over its imports of Russian oil, while also unleashing a tariff barrage on Indian exports, is more than a trade dispute. It is a self-inflicted wound to America's most vital strategic partnership in Asia, and it comes at a time when China is flexing its military muscle throughout the region. Washington has long courted India as a bulwark against an expansionist China and as a critical pillar of its ' free and open Indo-Pacific ' strategy. Yet Trump's punitive steps against India are eroding the very trust on which strategic alignment rests — to Beijing's delight. The mutual trust painstakingly built over years underpins bilateral cooperation. Once lost, it will be hard to rebuild. Even if the administration eventually reaches a trade deal with India, it may not be able to repair the damage. Targeting India over Russian oil purchases smacks of selective enforcement. The European Union's large imports of Russian energy products, especially liquefied natural gas, have been left untouched. Such European imports not only contribute more to Russia's coffers than India's purchases, but Europe spends more on Russian energy than on assisting Ukraine. Trump has also spared the world's largest buyer of Russian oil and gas: China. But India, the very country Washington has spent years courting as an Asian counterweight, has become the first victim of his secondary sanctions. This suggests Trump's tactics are less about punishing Moscow than about pressuring New Delhi. Russian oil is a pretext to strong-arm India into accepting a Trump-dictated trade agreement, much as he foisted a largely one-sided deal on the European Union. That his tariffs on India have little to do with Russian oil is evident from one telling fact: Indian exports to the U.S. of refined fuels such as gasoline, diesel and jet fuel — increasingly made from Russian crude — remain exempt from his tariffs. Such is the Trumpian logic. He has hit Indian non-energy exports with steep tariffs, but spared booming exports of refined fuels made largely from Russian crude. Trump seems to have no problem with Russian oil — as long as it is refined in India and then pumped into American planes, trucks and cars. Furthermore, given continued U.S. imports of Russian enriched uranium, fertilizers and chemicals, Trump does not seem troubled that his own administration is helping fund Russia's war in Ukraine while still locked in a proxy war with Moscow. In truth, Trump is using New Delhi's Russian oil purchases as a crude bargaining tactic to secure a bilateral trade deal on his terms. India illustrates how the Trump administration has weaponized tariffs not merely to extract trade concessions but also to bind other countries more closely to American strategic and security interests. In seeking to bend India to its will, it has targeted that country's traditionally independent approach to global affairs, including neutrality on conflicts. Indian exports to the U.S. now face a steep 50 percent tariff, signaling the end of Trump's bromance with Prime Minister Narendra Modi. His moves against strategic-partner India are harsher than against China. This marks a dramatic U-turn from his first term, when bilateral relations thrived to the extent that Trump declared at a huge February 2020 rally in Modi's home state of Gujarat, 'America loves India, America respects India, and America will always be faithful and loyal friends to the Indian people.' In Trump's second term, Modi was among the first world leaders to visit the White House, agreeing to fast-track trade negotiations. In July, the Indians believed they had reached an interim deal, awaiting only Trump's approval. But in characteristic fashion, Trump abruptly rejected the accord and embarked on punishing India. New Delhi has publicly criticized the Trump administration's double standards. But it is more concerned about a deeper question: If Washington can so easily turn its coercive tools on a supposed ally, what is to stop it from doing so again? U.S.-India relations have probably plunged to their lowest point in the 21st century, thanks to Trump's economic war and his singling out of India for secondary sanctions. The fallout will extend beyond lost trade. India could respond by doubling down on strategic autonomy — hedging between the U.S., Russia and others — and diversifying its economic and security partnerships. Trump's gamble may wring out trade concessions in the short term, but it risks undermining the security architecture in the Indo-Pacific, where unity among key democracies is the only real check on China's expansionism. America is effectively handing China an opening to court a disillusioned India. New Delhi is already signaling that it has other geopolitical options. Russian President Vladimir Putin is expected to visit India in the coming weeks. In less than three weeks, Modi is scheduled to meet Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organization summit, which Putin will also attend. Moscow is pushing for a revived Russia-India-China grouping. A stable Indo-Pacific order demands more than joint military exercises and communiqués; it requires political will to accommodate each other's core interests. Punishing India in ways that ignore its legitimate security and energy needs sends the opposite message. Ironically, Trump's sanctions-and-tariffs blitz may have done India a favor by exposing the strategic reality of America's unreliability. By presenting the U.S. as a transactional power, Trump has signaled that Washington cannot be counted on to separate short-term commercial considerations from long-term strategic imperatives. Trump's economic coercion risks alienating a vast, still-growing market that U.S. firms see as central to their future growth. India remains the world's fastest-growing major economy, and as many other economies stagnate and populations shrink, it stands out as a rising giant. Sacrificing a linchpin of Indo-Pacific stability for a fleeting win in a tariff war is not tough bargaining. It is strategic recklessness — and a gift to China.
San Francisco Chronicle
23 minutes ago
- San Francisco Chronicle
Shopping for school supplies becomes a summer activity as families juggle technology and tariffs
NEW YORK (AP) — Feeling nostalgic for the days when going back to school meant picking out fresh notebooks, pencils and colored markers at a local drugstore or stationary shop? The annual retail ritual is both easier and more complicated for today's students. Chains like Walmart generate online lists of school supplies for customers who type in their zip codes, then choose a school and a grade level. One click and they are ready to check out. Some schools also offer busy parents a one-stop shop by partnering with vendors that sell premade kits with binders, index cards, pens and other needed items. Yet for all the time-saving options, many families begin their back-to-school shopping months before Labor Day, searching around for the best deals and making purchases tied to summer sales. This year, the possibility of price increases from new U.S. tariffs on imports motivated more shoppers to get a jump start on replacing and refilling school backpacks, according to retail analysts. Retail and technology consulting company Coresight Research estimates that back-to-school spending from June through August will reach $33.3 billion in the U.S., a 3.3% increase from the same three-month period a year ago. The company predicted families would complete about 60% of their shopping before August to avoid extra costs from tariffs. 'Consumers are of the mindset where they're being very strategic and conscientious around price fluctuations, so for back to school, it prompts them to shop even earlier,' said Vivek Pandya, lead analyst at Adobe Digital Insights, the research division of software company Adobe Inc. Getting a head start Miami resident Jacqueline Agudelo, 39, was one of the early birds who started shopping for school supplies in June because she wanted to get ahead of possible price increases from new U.S. tariffs on imported products. The teacher's supply list for her 5-year-old son, who started kindergarten earlier this month, mandated specific classroom items in big quantities. Agudelo said her shopping list included 15 boxes of Crayola crayons, Lysol wipes and five boxes of Ticonderoga brand pencils, all sharpened. Agudelo said she spent $160 after finding plenty of bargains online and in stores, including the crayons at half off, but found the experience stressful. 'I am overwhelmed by the need to stay on top of where the deals are as shopping has become more expensive over the years,' she said. A lot of the backpacks, lined paper, glue sticks — and Ticonderoga pencils — sold in the U.S. are made in China, whose products were subjected to a 145% tariff in the spring. Under the latest agreement between the countries, Chinese goods are taxed at a 30% rate when they enter the U.S. Many companies accelerated shipments from China early in the year, stockpiling inventory at pre-tariff prices. Some predicted consumers would encounter higher prices just in time for the back-to-school shopping season. Although government data showed consumer prices rose 2.7% last month from a year earlier, strategic discounting by major retailers may have muted any sticker shock for customers seeking school supplies. Backpacks and lunchboxes, for example, had discounts as deep as 12.1% during Amazon's Prime Day sales and competing online sales at Target and Walmart in early July, Adobe Insights said. Throughout the summer, some of the biggest chains have are advertising selective price freezes to hold onto customers. Walmart is advertising a 14-item school supplies deal that costs $16, the lowest price in six years, company spokesperson Leigh Stidham said. Target said in June that it would maintain its 2024 prices on 20 key back-to-school items that together cost less than $20. An analysis consumer data provider Numerator prepared for The Associated Press showed the retail cost of 48 products a family with two school age children might need — two lunchboxes, two scientific calculators, a pair of boy's shoes — averaged $272 in July, or $3 less than the same month last year. Digital natives in the classroom Numerator, which tracks U.S. retail prices through sales receipts, online account activity and other information from 200,000 shoppers, reported last year that households were buying fewer notebooks, book covers, writing instruments and other familiar staples as students did more of their work on computers. The transition does not mean students no longer have to stock up on plastic folders, highlighters and erasers, or that parents are spending less to equip their children for class. Accounting and consulting firm Deloitte estimates that traditional school supplies will account for more than $7 billion of the $31 billion it expects U.S. parents to put toward back-to-school shopping. Shopping habits also are evolving. TeacherLists, an online platform where individual schools and teachers can upload their recommended supply lists and parents can search for them, was launched in 2012 to reduce the need for paper lists. It now has more than 2 million lists from 70,000 schools. Users have the option of clicking on an icon that populates an online shopping cart at participating retail chains. Some retailers also license the data for use on their websites and in their stores, said Dyanne Griffin, the architect and vice president of TeacherLists. The typical number of items teacher request has remained fairly steady at around 17 since the end of the coronavirus pandemic, Griffin said. 'The new items that had come on the list, you know, in the last four or five years are more the tech side. Everybody needs headphones or earbuds, that type of thing, maybe a mouse,' she said. She's also noticed a lot of schools requiring clear backpacks and pencil pouches so the gear can't be used to stow guns. Enter artificial intelligence For consumers who like to research their options before they buy, technology and retail companies have introduced generative AI tools to help them find and compare products. Rufus, the AI-powered shopping assistant that Amazon launched last year, is now joined by Sparky, an app-only feature that Walmart shoppers can use to get age-specific product recommendations and other information in response to their questions. Just over a quarter of U.S. adults say they use AI for shopping, which is considerably lower than the number who say they use AI for tasks such as searching for information or brainstorming, according to an Associated Press-NORC Center for Public Affairs Research poll in July. Some traditions remain Before the pandemic turned a lot more people into online shoppers, schools and local Parent Teacher Associations embraced the idea of making back-to-school shopping easier by ordering ready-made bundles of teacher-recommended supplies. An extra fee on the price helped raise money for the school. Market data from Edukit, a supplier of school supply kits owned by TeachersList parent company School Family Media, shows that about 40% of parents end up buying the boxes, meaning the other 60% need to shop on their own, Griffin said. She noted that parents typically must commit no later than June to secure a bundle, which focus on essentials like notebooks and crayons. Agudelo said her son's school offered a box for $190 that focused on basics like crayons and notebooks but didn't include a backpack. She decided to pass and shop around for the best prices. She also liked bringing her son along for the shopping trips. 'There's that sense of getting him mentally prepared for the school year,' Agudelo said. 'The box takes away from that.'
Business Wire
23 minutes ago
- Business Wire
Rosen Law Firm Encourages LifeMD, Inc. Investors to Inquire About Securities Class Action Investigation
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of LifeMD, Inc. (NASDAQ: LFMD) resulting from allegations that LifeMD may have issued materially misleading business information to the investing public. So What: If you purchased LifeMD securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@ for information on the class action. What is this about: On August 5, 2025, after the market closed, LifeMD reported its financial results for the second quarter of 2025. In this announcement, LifeMD announced revised guidance. Among other metrics, LifeMD stated that it was expecting total revenue in the range of $250 to $255 million, compared with previous guidance of $268 to $275 million. On this news, the price of LifeMD stock plummeted 44.8% on August 6, 2025. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. Attorney Advertising. Prior results do not guarantee a similar outcome.
