Triumph unveils Street Scrambler in India

Triumph Motorcycles, the iconic British super sports motorcycle brand, on Thursday introduced its all-new Triumph Street Scrambler, the on-road and off-road bike to create a new segment in Asia’s third biggest economy to expand its range and boost sales.

With a price tag of Rs 8.10 lakh at pan India showroom, the locally assembled bike will compete pricewise with the likes of the Ducati Scrambler series, especially the Urban Enduro and the new Ducati Desert Sled variants in the country.

This Upstart Malaysian Watch Brand Has a Powerhouse Debut

Ming is a new watch micro-brand, making watches in Switzerland, but based in Malaysia. It’s also the name of one of the six founders, and the chief motivator behind the creation of both the brand and the watches: Kuala Lumpur-based Ming Thein, who is one of the world’s best known photography writers, a highly regarded commercial and fine art photographer, and Chief of Strategy for Hasselblad (with an academic background in physics).

Skoda unveils Monte Carlo

Czech car brand Skoda Auto on Tuesday introduced the Monte Carlo, a new edition of Rapid, priced at Rs 10.75 lakh to boost sales in Asia’s third biggest car market. The 2017 Skoda Rapid Monte Carlo is available in both petrol and diesel engine options. This special variant of the Rapid is based on the car sold abroad.

Hyundai launches new-Gen Verna at Rs 7.99L

Hyundai Motor India on Tuesday launched the 5th generation Verna at a starting price of Rs 7.99 lakh for petrol and Rs 9.19 lakh for diesel both prices are ex-showroom, Delhi. The company said these are introductory prices for first 20,000 buyers. Hyundai is looking at sales of about 4,500 units per month and is aiming to deliver about 10,000 units of the Hyundai Verna before Diwali.

Amex busy positioning brand as A ‘market leader’

American Express India (Amex), Indian arm of the New York-headquartered leading global financial services corporation, is banking heavily on its customised ‘expense management solutions’ for its corporate clients to grow in India. It is also positioning its brand as the ‘market leader’ and something that stands out in the market on the basis of its business expertise, closed loop network and direct merchant relationship and world class service. Globally, American Express offers customised expense management solutions to over 6 lakh corporate, 70 per cent of whom are Fortune 500 companies.

McDonald’s to shut 169 outlets

McDonald’s India has terminated the franchise agreement for 169 fast-food outlets in north and east India run by Connaught Plaza Restaurant Ltd (CPRL), alleging breach of contract terms and payment default. The termination notice also bars CPRL, where the fast food giants estranged franchise partner in the region, Vikram Bakshi holds 50 per cent stake, from using

McDonald’s brand at these outlets that employ thousands of staff.

Providing platform to fashion designers

With the aim of bringing art and technology together, “Bespocut” an international clothing brand recently launched in India to provide techno commercial platform for designers and for entrepreneurs at their door step. Bespocut is powered by a cloud-based application. It integrates the designers’ front end with Bespocut’s back end and logistics in such a way that they get access to globally renowned fabrics, trims and accessories with Just In Time delivery.

Himalayan forays into the US

Premium mineral water brand Himalayan – from the stable of Tata Global Beverages (TGB) – seems well set to foray into the US market in a phased manner, joining hands with Talking Rain Beverage Company, the makers of Sparkling Ice, top company officials said. TGB’s US subsidiary on Wednesday signed an agreement with Talking Rain Beverage Company in this effect. The US company will now distribute and market the Himalayan water brand in the US. Himalayan is currently available in India and Singapore.

Silver scrap supply lowest in 15 years

Demand for silver has touched the lowest levels in the last 15 years.

While supply from scrap touched the lowest level in a decade-and-a-half despite prices moving up, silver imports were down 65 per cent last year. At 85 tonnes or 2.7 million ounce, scrap supply in India remained at the lowest level in 15 years.

Tata Motors, Skoda call off partnership

Tata Motors, India’s biggest automobile maker by revenues, and German Volkswagen-controlled Skoda Auto have ended their strategic partnership in what can be described as one of the shortest ties in automotive history in the country. 

Both automobile majors, who are struggling to sell their cars in the fiercely competitive world’s fifth biggest car market, had declared their much talked about plans in March 2017 to work jointly on future products and technologies.