KATHMANDU: Colors Mobile has introduced X111 QUAD 1.1, the new member in the Colors Mobile X-factor Quad series. QUAD 1.1 comes with Android KITKAT 4.4 OS and long-lasting 1450 mAh battery, as per a press statement issued on Tuesday. It also comes with an impressive four-inch capacitive WVGA IPS touchscreen and a resolution of 800 x 480. Other features include 5MP primary camera and 0.3MP front camera along with 1.2GHz Quad Core Processor designed for multitasking. Additional features include dual SIM, external storage that is expandable up to 32GB, proximity sensor, light sensor, wi-fi and GPS. The model is priced at Rs 7,435, as per the release. Also another new member, the X117 MEGAQUAD phone of the same series, will hit the market soon.

SEBI relaxes rules

MUMBAI: The Securities and Exchange Board of India (SEBI) Chairman UK Sinha said on Tuesday it would set up a new alternative trading platform for internet start-ups, relaxing key requirements as widely expected in an effort to encourage these companies to list at home. Sinha said that some of relaxed requirements included reducing the lock-in period for investors in start-ups to six months compared with three years for regular initial public offerings. Disclosure norms for start-ups listing in the alternative trading platform would also be diluted, Sinha told reporters after the regulator’s quarterly board meeting. The rules come after SEBI had issued draft guidelines for start-up listings in March.