South Eastern Coalfields Ltd., a unit of state-run Coal India Ltd., has hired banks for an initial public offering in Mumbai that could raise as much as $800 million, according to people familiar with the matter. The coal producer has appointed ICICI Securities Ltd., SBI Capital Markets Ltd., Motilal Oswal Investment Advisors Pvt. and IDBI Capital Markets & Securities Ltd. to advise on the share sale, the people said, asking not to be identified because the information is private. South Eastern Coalfields aims to file a draft prospectus as early as December, the people said. Parent Coal India is expected to sell shares in the proposed offering, they added. Discussions are ongoing and details including the size and timing of the offering could change, the people said. Representatives for Coal India, South Eastern Coalfields and the banks didn't immediately respond to requests for comment. The potential listing would add to Coal India's efforts to take some of its sub...
HyperOS — Xiaomi's new skin for Android smartphones — has been rolled out to several eligible smartphone models since the update was released in the country at the end of February. The company has now announced the next phase of the HyperOS update to eligible Xiaomi and Redmi smartphones and tablets in the country. The Chinese smartphone maker's new handsets, smart home devices, and electric vehicles — such as the new Xiaomi SU7 — are all expected to run on HyperOS.
The company shared its HyperOS rollout plan for Q2 2024 via a post on X (formerly Twitter) on Saturday. The list of eligible smartphones includes the Xiaomi 11 Lite, Xiaomi 11i. Xiaomi 11i HyperCharge, Xiaomi 11T Pro, Mi 11 Ultra, Mi 10, Redmi K50i, Redmi 12, Redmi 11 Prime, along with the Redmi 13C series and Redmi Note 11 series. The Xiaomi Pad 5 will also be updated to HyperOS, according to the firm.
When the HyperOS update arrives for these Xiaomi and Redmi devices, users should see improvements to system performance, task switching, and message delivery. Meanwhile, the amount of inbuilt storage taken up by the system has also been reduced, according to the company. Even tasks like downloading and installing over-the-air (OTA) updates are said to take less space and complete much faster than MIUI 14.
You also get access to lock screen customisations after updating to HyperOS, while the control centre, icons, and fonts have been revamped. New productivity features like a Workstation Mode (for tablets) and interconnectivity features — including the ability to view your phone's screen via your tablet. Using the Xiaomi Smart Hub, you can see individual smart home devices and control them.
The company said that it has already rolled out the HyperOS update to the Xiaomi 13 Pro, Xiaomi 12 Pro, the Redmi Note 12 and Redmi Note 13 series of smartphones along with other Redmi phones. Both the Xiaomi Pad 6 and Redmi Pad have also been updated by the company. More handsets and tablets are expected to get the HyperOS update later this year.
Is the Samsung Galaxy Z Flip 5 the best foldable phone you can buy in India right now? We discuss the company's new clamshell-style foldable handset on the latest episode of Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
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