New Delhi, July 10 -- Dixon Technologies share price jumped 10% in early trade on Friday after the government approved its joint venture with Chinese smartphone maker Vivo Mobile, clearing the way for the companies to set up a smartphone manufacturing company in India. Dixon Technologies shares rallied as much as 3.32% to Rs.13,938.40 apiece on the BSE.

Dixon Technologies (India) had entered into a term sheet with Vivo Mobile India Private Limited in 2024 to form a joint venture to undertake original equipment manufacturer (OEM) business of electronic devices including smartphones.

The company on July 9 informed stock exchanges that Vivo Mobile India received approval of Government of India vide letter issued by the Department of Promot...