Brand

Brand

Phone war pain goes beyond RCom’s sibling spat

Reliance Communications’ balance sheet troubles, which have wiped off more than a third of its value this month, have thrown into sharp relief the squeeze afflicting India’s telecoms sector: fickle users, wafer-thin margins and crippling debt.
Reliance Communications, known as RCom, has seen its shares and bonds tumble since it reported weaker results over the weekend — along with a shrunken user base and higher debt. It said on Monday, it was in talks with banks to defer loan repayments due over the next four months.

Smokeless tobacco fever catching up, Japan Tobacco to quadruple capacity

Japan Tobacco plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.
Global tobacco firms see Japan as a fertile test ground for vaping products since e-cigarettes using nicotine-laced liquid are not allowed under the country's pharmaceutical regulation. While the Marlboro maker's heat-not-burn "IQOS" tobacco device is already enjoying strong demand in Japan, Japan Tobacco's launch of its "Ploom Tech" product has run into delays.

British Airways back on feet after IT outage

British Airways resumed some flights from Britain's two biggest airports on Sunday after a global computer system failure created chaos, but hundreds of passengers were still waiting for hours at London Heathrow.

RCom hit by mobile price war

Mobile phone network operator Reliance Communications posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.
The launch last year of rival Reliance Industries' new Jio 4G broadband service with free voice and data services has forced other networks to come up with cheaper plans of their own, squeezing margins and in some cases dragging down sales, with bigger rivals Bharti Airtel, Idea Cellular and Vodafone India also suffering from the cut-price competition.

Luxury becomes more affordable

Playing catch up with rivals Mercedes Benz and BMW on the pre-GST window, JLR and Audi have also decided to do some bargain basement pricing.
The iconic Range Rover, which comes at a starting price of Rs 157.88 lakh being offered by top dealerships at a Rs 50 lakh discount. Similarly, Range Rover Sport, the most agile and dynamic Land Rover now starts at Rs 102 lakh, with a price reduction of Rs 30 lakh.

Why the best restaurant in Asia is shutting down

It was always tough to get a reservation at Gaggan, an inventive Indian restaurant in Bangkok. Now, after the restaurant’s third straight win in the closely watched Asia’s 50 Best awards, the wait can easily stretch to four months. A four-person team has been hired just to manage the roughly 500 booking requests that come in every day. And a Michelin star could be just over the horizon.
Chef Gaggan Anand’s response? Shut it down.
“Every restaurant has a 10-year life,” he said. “After that, it becomes a brand.”

This brand just trolled Apple with a $26,900 watch

I’ll just go ahead and say it: This is my favorite iteration of the Swiss Alp Watch yet. I’m a big fan of H. Moser and really enjoy the brand’s mix of minimalist styling and serious watchmaking, but I’ve never really loved this play on a certain Cupertino-born creation. But this one I’m into. The new Swiss Alp Watch Zzzz (forgive the name) has an all-black dial that actually makes it look shockingly similar to its smartwatch inspiration.

In death, Moore gives new life to Bond condom

A Chinese group is buying the condom brand named after fictional British spy James Bond.
Ansell Ltd., the Australian maker of gloves and surgical masks, said Thursday it’s selling its condom and lubricants business for $600 million to Humanwell Healthcare Group Co. and CITIC Capital China Partners III LP.
Among its brands is Jissbon, a Chinese translation of James Bond that aims to cash in on the popularity of a secret agent who became almost as famous for his sexual exploits as his missions to save the world.

Apple & Nokia see deeper partnership after ending patent dispute

Apple has settled a patent dispute with Finnish telecom equipment maker Nokia and agreed to buy more of its network products and services, sending Nokia shares up 7 per cent.
The deal means Nokia will get bigger royalties from Apple for using its mobile phone patents, helping offset the impact of waning demand for its mobile network hardware.
Such legal battles are common in the industry but can drag on for years and analysts had not been expecting such a quick resolution to the dispute that started in December.

Govt allows Tesla to manufacture in India without local sourcing

The government on Tuesday clarified that US-based electric car major Tesla will not have to source local components if it plans to set up a manufacturing unit in India. The government responded to apprehensions expressed by Tesla founder Elon Musk that the company would have to source a certain percentage of local components to set up plant here.

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