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Showing posts with label Business News. Show all posts
Showing posts with label Business News. Show all posts

Saturday, 22 August 2020

Future Enterprises board meet on group firms' merger postponed by a week


A crucial board meeting of Future Enterprises (FEL) which was scheduled to be held on Saturday and expected to discuss the merger of three group companies has been postponed by a week.

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In a statement to the stock exchanges, FEL did not give any reason for the postponement of the meeting. But insiders said the plan to merge the three Future group companies — Future Lifestyle, Future Supply Chain and Future Retail — is being worked out among the banks, RIL and Future group.

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According to the plan, banks will lend money to the Future group so that it does not default on its foreign currency loans due on Monday

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Future Retail had failed to make a coupon payment of about $14 million (about Rs 100 crore) for its $500 million senior secured notes. The 30-day grace period ends on Saturday.

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Thursday, 11 January 2018

Jio Happy New Year Offer 2018 Rs.50 Discounts & 1.5GB Data Per Day Data Dock

New Reliance Jio Recharge Coupons With 1.5 GB Per Day: Rs 198, Rs 398, Rs 448, Rs 498 Packs Compared


Reliane Jio's 'Happy New Year 2018' plans have gone live from today. Jio's Rs 149 recharge offer will come with 1GB data per day for 28 days validity. Here's a detailed look

Reliance Jio’s ‘Happy New Year 2018’ plans will come into place from today. Jio has effectively slashed prices of some plans, while it is offering more data on others. The Rs 149 recharge plan from Jio will now offer 1GB data per day for 28 days, which makes it one of the cheapest plans in the market with 1GB daily FUP. The new plans are reflected in Jio’s recharge section of the website and the app.

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In comparison Airtel and Vodafone have plans at Rs 199 and Rs 198 respectively with 1GB daily data and unlimited free calls. Here’s a quick at Reliance Jio’s new data plans. The company has also indicated it will likely make more changes to its plans, giving customers better than current deals.

Reliance Jio Rs 149 plan
First, Reliance Jio’s Rs 149 monthly plan now comes with 1GB daily data for 28 days, which is effectively 28GB data. Earlier the plan included only 4.2GB data with 0.15GB data as the daily FUP limit. In Jio’s case once a user exhausts the daily data limit, the speed is reduced to 64 Kbps, which is not really 4G speed.

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According to Jio, it has reduced the price of the Rs 199 plan to Rs 149. The current Rs 199 plan offers 1.2GB data per day, which comes to 33.6GB data for 28 days. Overall Jio’s Rs 149 plan with 1GB daily data makes it cheaper compared to rivals Airtel, Vodafone, etc.

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Reliance Jio Rs 399 plan
Reliance Jio’s Rs 399 plan will now have a validity of 84 days, up from 70 days. With 1GB data per day, this means the plan is offering 84GB data in total for customers. Jio has effectively slashed the price of Rs 459 plan by Rs 50 and made it the new Rs 399 plan. The original Rs 399 plan with 1GB data per day and 70 days validity now costs Rs 349.

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Reliance Jio Rs 449 plan
The telecom player has also reduced the price of its Rs 499 plan to Rs 449. This plan has a validity of 91 days with 1GB data per day, which means a total of 91GB data. Once again calls, both local and those made on roaming are free and unlimited, along with free SMS.
Reliance Jio’s 1.5GB data packs: Rs 198 and higher recharge packs
Also Jio has upgraded some of its earlier packs to give customers 1.5GB data instead of the older 1GB limit. The Rs 198 pack is the cheapest in the list with 1.5GB data per day, which comes to 42GB for the 28 day validity. This is again much more than what Airtel and Vodafone are offering in their Rs 199 and Rs 198 plans.

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Jio’s Rs 398, Rs 448 and Rs 498 plans will now all come with 1.5GB data on board. This means the first plan will come with 105GB data as the validity is 70 days, while the second plan has 126GB data given it has 84 days validity. The most expensive pack in this list, which is Rs 498 comes with 91 days validity, which comes to 136.5GB data in total.

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Saturday, 9 December 2017

WhatsApp Business Account Features Officially Revealed

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WhatsApp seems set to launch a standalone app for businesses, which will feature both verified and non-verified profiles. In a new FAQ published on its website, WhatsApp has detailed the Business accounts, including key features and how to distinguish between verified and non-verified profiles.
 In Asia, organisations have been using WhatsApp as an informal means of coordinating with their clients and customers for the past few years due to the massive popularity of the app. Earlier this year, the business-focused Verified Profiles was officially rolled out, allowing companies (with accounts featuring a tick mark as a sign of authentication) to communicate with users.
The Facebook-owned company says in the FAQ, "While chatting with businesses, you can check your contact's profile to see which type of account they're using. A verified account has a green checkmark badge in its profile." It adds, "A business account with a grey question mark badge in its profile means the account is using the WhatsApp Business app but hasn't been confirmed nor verified by WhatsApp."
The much talked-about Business app is currently being tested by a private group of testers and the company will introduce it as WhatsApp Business - a standalone app.
Its description available on Play Store read: "As a test partner for 'WhatsApp Business', you have early access to a wide range of new features that we've built with you in mind. As you experiment with what this new app has to offer, please share your experiences with us so that we can improve the product."
WhatsApp Business is different from the regular WhatsApp. The logo of the app has been changed from the calling symbol to 'B' inside the green conversation bubble. However, after downloading, the app looks the same as WhatsApp, barring the title bar that says WhatsApp Business. The app has interesting features such as auto responses, creating a business profile, chat migration, and analytics.
"We also provide you with the tools you need to control your experience with businesses. You can block business accounts and report them as spam at any time, right within the chat," WhatsApp said in the new FAQ.
Before launching the standalone Business app, the new FAQ, first spotted by the fan website WABetaInfo, aims to clear doubts so that no such fake app gets downloaded.
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Friday, 24 November 2017

Airtel introduces Rs 198 pack to offer 1GB data per day, counters Vodafone's Rs 199 plan Let's take a look at who's offering a better plan -- Airtel or Vodafone?

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Bharti Airtel announces a new plan for its prepaid users at Rs 198. Under the new plan, the telecom operator is offering 1GB of 3G and 4G data to its users every day and comes with the validity of 28 days. This new plan by Airtel is said to directly counter Vodafone's newly announced Rs 199 plan. Let's take a look at who's offering a better plan -- Airtel or Vodafone?

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Coming to the Airtel's plan first, which comes at a price of Rs 198. Under this new plan, Airtel is offering 1GB of data to its users per day for a valid time period of 28 days. However, it is noteworthy that the new Rs 198 plan doesn't offer voice calling facility - which is supposedly one of the major thumbs down factor of the plan.

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Note: Airtel hasn't yet official announced the Rs 198 plan. According to TelecomTalk - who was the first one to report about the plan, this new plan by Airtel - for the time being - is  available only for select customers. Going by the report, as of now, this plan is available for Airtel prepaid numbers registered in Telangana and Andhra Pradesh circle. This plan was found listed under the best recharges category on MyAirtel app.

Also Read: Vodafone offers 1GB data, unlimited calls at Rs 199 to counter Jio, but there's a catch
Airtel's Rs 198 plan directly counters Vodafone's newly introduced Rs 199 plan. Under the Rs 199 pack, Vodafone offers both voice calls and data facilities. It offers 1GB of data. But then, the 1GB of data comes with the validity of 28 days. Additionally, the Rs 199 Vodafone plan also provides unlimited calls, but then, not literally. It comes with a lot of limitations.

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By unlimited calls, we often mean that we will be able to make as many calls for as long as possible to any network. But, that's not happening is this case of the new Vodafone plan as it comes with a lot of limitations. Under the new plan, Vodafone prepaid users will be able to make unlimited calls for only 250 minutes in a day -- both local and STD and to any network, while the weekly limitation is 1000 minutes.

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In that case, what happens if you make more than 250 min calls in a day? In that case, Vodafone will charge 30 paise per minute call. There's another limitation. If you make calls to more than 300 unique numbers in a week, Vodafone will charge you 30 paise per minute for the remaining validity. Alongside the data and call offers, this plan also offers free subscription to Vodafone Play to the customers.

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It is noteworthy that both the Airtel and Vodafone plans are available only for the prepaid users.

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Wednesday, 8 November 2017

Royal Enfield to launch heavyweight bike today, to take on Harley Davidson's popular Street 750 in India

Harley-Davidson Inc’s pole position in India’s fast growing big-bike category is set to face a sweeping test when Indian-owned Royal Enfield launches its first heavyweight bike on Tuesday.
The world’s biggest bike and scooter market with 18 million in the year to last March, India accounts for less than 2 percent of Harley’s global sales but is now a production location for its popular Street 750 bike and a promising generator of growth as US demand slows.

Harley was the first major player in the country’s big bike market - defined as those with engines above 601cc - and controls 60 percent of a segment that has almost tripled in size since 2014 and is expected to double again in the next 4-5 years.
With the arrival of Royal Enfield, however, it faces a locally-owned distribution network that dwarfs Harley’s roughly 30 outlets by a multiple of 24.

Were Enfield to ship even 10 of its new big bikes to each of its about 700 locations, it could double Harley’s 3,700 in annual sales.
A day before the new bike’s launch, Royal Enfield on Monday unveiled a 650cc twin engine, putting it on track to compete squarely with the Street 750.

Industry analysts and commentators say that Harley’s distribution network in India must be expanded if it is to deal with the new competition and rising demand from the country’s 1 billion plus consumers.
“Having outlet numbers in the mid twenties is clearly a thin distribution spread,” SBICAP Securities analyst Mahantesh Sabarad said.
“India has over 30 10-million-plus cities and each such city needs 2-3 dealerships to cater to a budding market of bike enthusiasts.”
Asked about the new bike last month, Harley Chief Executive Matthew Levatich told Reuters that he would not dismiss a competitor’s strengths but that he had faith in Harley’s brand and would not be changing strategy.
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Popular enthusiasm for commuting bikes in India’s densely populated city streets provides a far larger rider base than in western markets where Harley sells most of its bikes.
Harley plans to increase its network but is cautious about undermining its premium brand and has had problems with complaints about bike servicing in India in the past.
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“The specific plans and the rate at which we (expand) is a function of finding a big enough market area and a really competent dealer that can make the investments to have the brand experience that we want to have for riders,” Levatich said.
“So that’s part of the formula, which will naturally make it probably slower and less dense than most of our competitors will do. But that’s our strategy and we are sticking to it.”
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Royal Enfield’s new bike - to be unveiled in Milan on Tuesday - is expected to retail at around Rs 300,000 ($4,640) compared to Harley’s Street 750 at more than 500,000 rupees.
Other Harley executives say they feel confident that it will remain a brand Indians will look up to.
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“When it comes to wooing those riders from Royal Enfield to Harley Davidson, we have a track record of that now since we have been in India,” said Marc McAllister, Harley’s managing director for international markets.
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Tuesday, 7 November 2017

Samsung Galaxy S7 is available for Rs 5,090 on Flipkart but fall for it at your own risk


Online retail website Flipkart is offering the Samsung Galaxy S7 phone at a reduced price of Rs 29,990 during its Samsung Mobiles Fest promotional sales event (November 6-8). The Samsung Galaxy S7 will receive a whopping Rs 16,010 price cut, during its promotional Samsung Mobiles Fest sales event, bringing the cost of the phone down from Rs 46,000 to Rs 29,990 according to Flipkart. If that wasn't enough, Flipkart will be also offering a whopping Rs 25,000 off on exchange, which will bring the effective cost of the phone down even further: to Rs 5,090 to be precise. There's a catch however.

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The Samsung Galaxy S7 which was originally launched at a price of Rs 48,900 in March 2016 is now selling for a price as low as Rs 37,500 on rival e-retail platforms like Amazon India. Back in August, the Galaxy S7 got its first official price cut, bringing the price of the phone down to Rs 43,400. Samsung's own online store lists the Galaxy S7 at a best buy price of Rs 43,400 currently. What I am trying to say here is that while Flipkart may be offering a hefty discount on the Samsung Galaxy S7, it isn't as hefty as it's claiming it to be.

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Furthermore, potential buyers can avail Flipkart's exchange offer -- that is maximum discount of Rs 25,000 -- in exchange of the Apple iPhone 7 Plus alone. Exchanging the Google Pixel XL, meanwhile, will land you a discount of Rs 17,900. What is particularly baffling is that no other smartphone would give you a Rs 25,000 discount in exchange meaning you'll absolutely have to have the iPhone 7 Plus if you're looking to buy the Samsung Galaxy S7 for Rs 5,090.

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Catches aside, the Samsung Galaxy S7 at Rs 29,990 on Flipkart is still quite a steal deal. If you have an old phone that you're probably done with, exchanging it in return of some added discount is highly advisable. Flipkart seems to be the only e-commerce website offering the Galaxy S7 at such a low price. The Samsung Galaxy S7 is a beautiful phone with a high-end premium design, a hallmark Super AMOLED display, top-notch hardware and outstanding cameras (both front and back).

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The Galaxy S7 boasts of a glass and metal design and a front-mounted fingerprint reader. The phone comes with a micro-SD card slot for expandable storage and IP68 certification which makes it dust and water-resistant for over 1.5 metres and up to 30 minutes. It comes with a 5.1-inch Quad-HD Super AMOLED display with a 1440x2560 pixels resolution. The display also comes with an always on functionality.

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They Galaxy S7 is further powered by an Exynos 8890 processor clubbed with 4GB of RAM and 32GB of internal storage. The dual-SIM phone runs Android 6.0 Marshmallow based TouchWiz UI (upgradable to Android Nougat) and supports 4G LTE connectivity option. It is backed by a 3,000mAh battery with support for fast and wireless charging.

On the camera front, it comes with a 12-megapixel rear (with f/1.7 aperture and optical image stabilisation) and 5-megapixel front shooter combo.
Elsewhere, the Galaxy S7 isn't the only phone on discount as part of Flipkart's promotional Samsung Mobiles Fest sales event. A number of other offers available include:
-- Samsung Galaxy On Max available for Rs 14,900 down from Rs 16,900
-- Samsung Galaxy C9 Pro available for Rs 29,900 down from Rs 36,900
-- Samsung Galaxy On Nxt available for Rs 13,900 down from Rs 17,900

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Monday, 6 November 2017

Honor 7X Launching in India in December at 'Unbeatable Price'


Honor 7X, unveiled globally by the Huawei-owned brand in October, will be launched in the Indian market in December. The brand’s Global President George Zhao said in an interview with IANS that it will introduce the Honor 7X at an “unbeatable price”, such that it will have no competitor in that segment. This is part of the company’s plan to become the country’s top smartphone brand within the next three years. Honor 7X will be available both online and offline as the company aims to improve upon its offline retail channels and boost the marketing in order to become the leader.

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"We will launch Honor 7X in December at such a price that it will have no competitor in that segment," Zhao said while unveiling the smartphone maker's roadmap for the Indian market to a group of journalists in Chendgu, China over the weekend.

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The Honor 7X smartphone has a 5.93-inch display with 18:9 aspect ratio and full-HD+ (1080x2160px) resolution, and dual cameras on the back. It runs the Android 7.0 Nougat-based EMUI 5.1 custom skin, and is powered by the octa-core HiSilicon Kirin 659 SoC, with 4GB RAM. Keeping everything running is a 3340mAh battery. The handset features a duo of 16-megapixel and 2-megapixel rear cameras, and an 8-megapixel front-facing camera.

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It comes in 32GB, 64GB and 128GB storage variants, which are priced at CNY 1,299 (roughly Rs. 12,890), CNY 1,699 (approximately Rs. 16,850), and CNY 1,999 (about Rs. 19,820), respectively. All three variants support expandable storage via microSD card (up to 256GB) in a hybrid dual-SIM configuration.

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Zhao said Honor plans to push its position up in the highly competitive Indian smartphone market by launching flagship products at "unbeatable price", introducing cutting edge technology, increasing presence in both online and offline platforms, and boosting its marketing efforts. In fact, it will start incorporating AI capabilities in its phones for the Indian market within the current quarter, he said.

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Honor first introduced the AI capabilities in its Honor Magic phone. Although its application has so far been restricted to China because of the Internet ecosystem, it wants its customers in other countries to avail the automation facilities soon.

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"We have the capability to out-compete other dominating players in the Indian smartphone market in terms of quality, but our marketing efforts need to improve," Zhao said, siganlling its intention to go aggressive in promotion of its upcoming products in India. Globally, Honor, which has now presence in 73 countries, spends just three per cent of its revenue in marketing.

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"Honor began manufacturing in India with the Holly series. It is the first brand to respond to the Government of India's request for SOS feature on phones," Zhao said, adding that it will further ramp up its manufacturing efforts in India. "Honor shipped 98.8 per cent more devices in 2017 than in 2016. But in India, we need strengthen offline channels," Zhao said, adding that exclusive Honor demo shops will also be launched in India soon.

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Currently, the smartphone market in India is dominated mostly by Chinese players spearheaded by Xiaomi, Vivo, Oppo and Honor, among others. India recently surpassed the US to become the second-largest smartphone market in the world after China. And yet, according to Counterpoint Research, only one fourth of India's population uses smartphones, making the country an attractive destination for players in the mobile ecosystem.
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Thursday, 2 November 2017

Mukesh Ambani tops Forbes’ 2017 list of India’s 100 richest tycoons

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With a net worth of $38 billion, Reliance Industries Ltd (RIL) chairman Mukesh Ambani has topped Forbes annual list of Indias 100 richest tycoons of 2017, a statement said here on Thursday.
“Reliance Industries Ltd chairman Mukesh Ambani has topped Forbes’s annual list of India’s 100 richest tycoons, with a net worth of $38 billion. To put it in context, this is equal to the entire GDP of the former Soviet republic of Azerbaijan, as per World Bank Data 2016 estimates,” the statement said.
Forbes India, will release the 2017 India Rich List by way of a special issue that hits the stands on November 3, 2017. The richest newcomer in the list is Wadia Group of companies Chairman Nusli Wadia (No. 25, $5.6 billion).
At $19 billion, the net worth of Wipro’s Azim Premji – who jumped two places up over last year to become the second richest Indian on the list – is almost equal to Afghanistan’s GDP of $19.4 billion, the statement said.
The Hinduja family maintained the third position ($18.4 billion) in the list. Last year’s second richest Indian, Dilip Shanghvi of Sun Pharmaceuticals (No. 9, $12.1 billion) is the biggest dollar loser on the list as his net worth fell by $4.8 billion.
“The Indian economy is still grappling with the impact of demonetisation and GST. This makes The Forbes India Rich List 2017 edition special since it features those who have faced the challenges head on and continued to deliver phenomenal results. The list has come to stand as a testament to brand India and also puts many emerging successful entrepreneurs on the global map,” said Joy Chakraborthy, CEO, Forbes India.
According to the list, the total wealth of India’s top 100 billionaires, which stands at a whopping $479 billion, is more than the country’s foreign exchange reserves estimated at $402.5 billion in September 2017. 
The entry point to the list is at its highest ever, at $1.46 billion. Last year, the minimum amount required to make the list was $1.25 billion, 17 percent lower than this year.
The aggregate wealth of the top 100 has risen 26 percent over last year.


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