Taiwanese consumer electronics company HTC Corporation is shutting its business in India as the company has asked a major chunk of its country team to quit. As a result, nearly 70 members of the team who handle various operations in the country have resigned from their posts. The list includes country head Faisal Siddiqui, sales head Vijay Balachandran and product head R Nayyar. Company’s chief financial officer in India, Rajeev Tayal, will continue to work with HTC. The company is also reportedly bringing an end to all distribution agreements in the country.
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