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Women smash another male bastion

Winds of change are blowing slowly across the shop floors of Hero MotoCorp, Bajaj Auto and Yamaha with women taking up tools to partake in manufacturing of two-wheelers, hitherto a male bastion.
As the call for women empowerment gets louder, these major two-wheeler manufacturers are responding with an aim to create a culture where women can stand shoulder to shoulder with their male counterparts to contribute to the growth of the companies.

Terrible Labels, Great Wine: Six Amazing Bottles Hurt by Bad Art

You’re standing in a wine shop, facing long shelves displaying hundreds of wines and trying to decide what to buy. Do you grab the bottle whose hip, clever label grabs you? If you’re like just about everyone, the answer is yes.
Face it: You know that’s not necessarily the way to get the best wine.
A wild label may be way more entertaining than the actual wine inside—overcompensating for it, even. And the liquid lurking behind an ugly label may be a fabulous red or white.

Century Ply forays into veneers and laminates

Kolkata-headquartered BSE-listed Century Plyboards (India) Ltd, which already enjoys a large market share with a premium consumer brand in the Rs 20,000 crore plywood and laminates industry, is now foraying into a new product category-a blend of veneers and laminates. Branded as VenLam, the latest offer from the CenturyPly stable promises to be an innovative product that provides both aesthetic beauty of real wood and the comfort of working with high pressure laminates, top company officials said.

Facebook, Twitter, Snap Said to Seek World Cup Clips From Fox

Facebook Inc, Twitter Inc and Snap Inc are seeking online rights to video highlights from next year’s World Cup, soccer’s most popular tournament, according to two people familiar with the matter.
The companies have offered 21st Century Fox Inc tens of millions of dollars for rights to highlights from the Russia-hosted games that air in the US, according to the people, who declined to provide more specific terms and asked not to be identified because the talks are private. Fox hasn’t decided whether to sell exclusive rights to one buyer or to spread them around.

It’s raining rebates in Motown

If you have been dreaming of buying a high-end luxury personal vehicle, probably, it’s the right time to visit your nearest car showroom across the country. As part of the bonanza to pass on the goods and services tax (GST) benefits to customers, most companies have reduced prices of their vehicles and many more are in the process to do the same.
The companies that have reduced prices include Jaguar Land Rover, BMW, Mercedes-Benz, Audi, Honda Cars India, Ford, Maruti Suzuki, Mahindra and Mahindra and Toyota.

Snapdeal, Flipkart in negotiations over $200m valuation gap

After Snapdeal’s board reportedly rejected Flipkart’s $850 million takeover offer, the two parties are now holding parleys over the $150-200 million valuation gap. According to sources privy to the development, Flipkart had initially offered $1 billion for the deal but post the due diligence, it made an offer for $800-850 million. Snapdeal’s board rejected the offer, as it felt the amount undervalues the company as the due diligence report is clean, one of the sources said.

Only branded food articles attract 5% GST

Supply of loose food items, such as paneer, pulses and flour of cereals, will not attract 5 per cent GST in the new indirect tax regime. The government on Wednesday said only products bearing brand names registered under the Trade Marks Act would be taxed at applicable central GST (CGST) rate.
“Unless the brand or trade name is actually on the Register of Trade Marks and is in force under the Trade Marks Act, 1999, CGST (central goods and services tax) rate of 5 per cent will not be applicable on the supply of such goods,” an official statement said.

Singhania groups settle property row

Over nine years after an arbitrator divided their family properties three-way, the Singhania family groups on Wednesday brought the dispute to an end, with Raymond owner Gautam Singhania (in pic) and others informing the Supreme Court that they have settled their wrangle among themselves.
Three Singhania family groups — Mumbai, Kolkata and Kanpur ­­ were locked in the dispute over shares in the premium properties, despite the arbitration award splitting it three-ways.

Droom raises $20m from IAM, others

Online automobile transactional platform Droom has raised $20 million (nearly Rs 130 crore) in its Series-C round of funding on Wednesday, led by Integrated Asset Management (IAM), a Hong Kong based private investment company. Sandeep Aggarwal, founder and CEO at Droom, said at an event on Wednesday that the funds will be used for strengthening the company’s existing technological platform, including its ecosystem tools, besides expanding its brand portfolio.

Mercedes launches new GLA at Rs 30.65 lakh

German automobile major Mercedes-Benz, India’s biggest luxury carmaker by sales, on Wednesday introduced the GLA facelift, a compact sports utility vehicle (SUV), to maintain its leadership in Asia’s third largest car market.
With a price band of Rs 30.65 lakh to Rs 36.75 lakh at Mumbai showroom, it will compete against rivals such as new generation BMW X1 and Audi Q3 facelift, both of which were launched last year.

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