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Chinese electronics company Xiaomi is planning to go ahead with the manufacturing of televisions in India. Instead of importing them from the other country, the company has decided to partner with Foxconn which is Taiwanese contract manufacturer. This idea has basically been formulated to intimidate online sales in the upcoming festive season during Diwali. “Xiaomi’s talks are in advanced stages with Foxconn for manufacturing televisions in India, which will start from July-August so that in the festive season-Diwali sales it has mostly made-in-India models,” quoted an industry executive acquainted with the idea. The manufacturing of televisions in India will give tax benefits to the company, but, it has been reported the prices of the television may not come down and that is because...

Facebook is creating an app for television set-top boxes, including Apple's Apple TV, the Wall Street Journal reported, citing people familiar with the matter. The world's biggest online social network is also in discussions with media companies to license long-form, TV-quality programming, the report said on Tuesday. Facebook declined to comment. An app for set-top boxes would bring Facebook closer to live video and video advertisements. Getting advertisers to buy more video ads is key to Facebook's continued revenue growth as such ads fetch higher rates from advertisers than text or photo-based ads. Live video is also becoming a highly competitive feature on social platforms, with companies competing to stream major sports events and exclusive video components from high-profi...

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Xiaomi to Start its Television Production in India for Diwali