I have submitted these buds to service centre. They will give an update by Tuesday. Lets see what happens.
SubrahmanyaHegde
EDIT:- Received my replacement earbuds and they are working fine on 0.0.8.1 version. This is a hardware problem and those who are facing this issue straight away head to service centre while there is warranty. You will get new headphones. I asked if this issue happens outside warranty, and they replied you have to purchase a new hardware. So there is another headache. 😥