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As Chinese phones ring louder, Micromax sees 76% decline in profits

Once touted as India’s answer to iconic brands such as Nokia and Samsung, the Indian smartphone maker Micromax seems to be biting the dust in its home turf. The Gurgaon-based company, founded by Rahul Sharma in 2000, has been witnessing a steep decline in revenues for the last two fiscal. Revenues have almost declined by …