Brand

Brand

TFC plan gets fresh impetus

The government may soon initiate the process of setting up the proposed telecom finance corporation (TFC), with the finance ministry giving its nod. TFC has been mooted as a vehicle for mobilising fu­nds from the international market at competitive rates to support domestic manufacturing of telecom equipment, especially in the SME sector.
Sources said the finance ministry has given its nod to the proposal and it would be soon taken to the cabinet.

Ghosn hands Nissan reins to heir apparent

Newly promoted to CEO at Nissan Motor, Hiroto Saikawa (in pic), will bring a gruff, tough, no-nonsense approach to leading Japan’s second-biggest carmaker at a time of rapid technological change in the industry.
The 63-year-old takes over in April from Carlos Ghosn, who engineered Nissan’s recovery from years of losses and debt through broad cost-cutting and dismantling the traditionally close ties with suppliers — the informal keiretsu network once key to Japan Inc’s success.

Airtel to buy Telenor India in no-cash deal

As consolidation gains momentum in the telecom sector after new entrant Reliance Jio’s aggressive pricing, Bharti Airtel said on Thursday it will buy out Telenor India in a no-cash deal, a move that would bolster Airtel’s presence in 1,800 mhz band.

JLR launches Made-in-India Jaguar XF at Rs 47.5L onwards

Jaguar Land Rover India today launched its locally manufactured all-new Jaguar XF sedan at a starting price of Rs 47.50 lakh (ex-showroom Delhi).
The all-new Jaguar XF will be available in two options -- a 2-litre Ingenium diesel engine with a power output of 132 kW and a 2-litre petrol engine with a power output of 177 kW, the company said.
"The introduction of the all-new Jaguar XF into our locally manufactured portfolio reiterates our commitment to the Indian market," Jaguar Land Rover India Ltd Managing Director and President Rohit Suri said.

A Hublot watch to wear with jeans

The debut of Hublot’s Classic Fusion Italia Independent collection gives new meaning to the concept of checking the time. The six watches, their respective dials and straps busy with houndstooth, tartan, and Prince of Wales patterns, are the fruits of a collaboration among a trio of companies: Swiss watchmaker Hublot, design company Italia Independent, and venerable Naples tailor Rubinacci, which supplied the textiles that lend the timepieces their panache and prestige.

E-com crisis: Snapdeal chiefs take 100% pay cut

Snapdeal co-founders Kunal Bahl and Rohit Bansal have taken a 100 per cent salary cut, while many others at the firm have "proactively" offered significant reduction in compensation.
The SoftBank-backed firm, which has been struggling to raise fresh funding, is also laying off hundreds of employees and eliminating non-core projects to focus on "profitable growth".

Consolidation will be the operative word in Indian telecom sector

The whole telecom industry and millions of Indians carefully listened to Reliance Industries chairman and managing director Mukesh Ambani on Tuesday as he announced that Jio's Happy New Year offer will conclude on March 31 and from April 1 new tariff plans will kick in and they are not going to pinch. While launching a loyalty bonus to the customers who join before March 31, Ambani also laid out plans to not only match the highest-selling tariff plan but also offer 20 per cent more data.

Jio’s disruptive role may leave a smaller number of telcos

The highly disruptive entry by Reliance Jio into the telecom arena is triggering a wave of merger and acquisitions (M&A) in the Indian telecom sector. It has the potential to reduce the number of mobile operators in the country to about 4-5 as against 8-10 players in each circle.

JLR to unveil Range Rover Velar SUV

Tata Motors-owned British iconic sports car maker Jaguar Land Rover is all set for global premiere of its much-awaited all-new sports utility vehicle or SUV – the Range Rover Velar on March 1. Velar (pronounced vel-ar) is the first new Range Rover in a decade.
The sporty five-seat luxury SUV would take on sportier crossovers from the Porsche Macan and BMW X4.
The new SUV is sized to slot between the existing compact Range Rover Evoque and the slightly larger Range Rover Sport.

Jio to charge for services from April, rivals sit up

Reliance Jio has crossed the 100 million customers mark in 170 days, since its launch in September 2016, Reliance Industries chairman Mukesh Ambani said here on Tuesday. He said this while announcing that Jio will start charging tariff for its services from April, but will offer sharp disc­o­unts for a year to those who sign up by the end of March.
Reliance Jio will continue to offer free voice calls and national roaming after April 1, when its promotional free voice and data offer ends.

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