Brand

Brand

This $3,000 G-Shock Is Inspired bySamurai Armour

The Casio G-Shock is the most heavily armoured watch in the world, and for most of its career, irrespective of its incarnations, the armour it has worn has looked distinctively modern, whether in the original palette of blacks and dark greys, or in the neon-bright colors of more fashion-forward G-Shocks.

Snapdeal director steps down

Vani Kola, the representative of Kalaari Capital on Snapdeal board, has resigned ahead of the potential sale of the e-commerce firm to Flipkart.
Kola, who had been on the board of Jasper Infotech since 2009, resigned on May 2 from the post of director, as per regulatory filing with the ministry of corporate affairs.

Without citing any specific reasons, Kola said she was unable to continue to be a part of Snapdeal board and requested to be discharged of her duties with “immediate effect”.

Snapdeal staff may hit Rs193 crore jackpot

A big windfall is awaiting Snapdeal employees. If the e-commerce major’s merger with bigger rival Flipkart goes as per the script, then 1,500-2,000 staffers of Snapdeal will have a Rs 193 crore bonanza. Even some former employees could benefit.
Last week, Snapdeal investors, including Nexus Venture Partners, have come an understanding to sign a non-binding agreement with Flipkart for merger. As per the agreement reached, Snapdeal promoters Kunal Bahl and Rohit Bansal would take home $30 million (about Rs 193 crore) each in cash in lieu of their entire 6.5 per cent stake.

ISUZU unveils new SUV MU-X

Isuzu Motors India on Thursday launched its much-awaited seven seater SUV – the mu-X. The two-wheel-drive variant of the SUV is priced at Rs 23.99 lakh, while the four-wheel drive trim is tagged at Rs 25.99 lakh (all prices ex-showroom Delhi).
The new MU-X is a family SUV, which will target buyers who seek style, power and a dominating road presence along with space and comfort.

TVS Motor to strengthen presence in Central America

TVS Motor Company, a leading two and three-wheeler manufacturer, on Thursday announced its alliance with MASESA, a Gautemala-based company and a leader in the commercialisation of motorcycles and Tuk Tuks in the Central American region. The alliance is in line with TVS’ plan to expand and strengthen its presence in Central America, LATAM, South East Asia and Middle East.
As per the agreement, MASESA will establish a chain of 500 – 600 exclusive TVS outlets over the next 12 months in Gautemala, El Salvador, Honduras, Nicaragua and Costa Rica.

Piaggio launches Elegante 150 cc scooter

Italian two-wheeler maker Piaggio, manufacturer of Vespa scooters, on Thursday expanded its range by launching its Elegante 150 cc special edition scooter in the country to boost sales.
With a price band of Rs 95,077 at showroom in Pune, the new scooter adds a touch of style and elegance to the premium scooter range.
Inspired by the Italian craftsmanship, the design aesthetics of the bike is set to appeal to the Vespa enthusiasts. It adds to the already existing Vespa portfolio of SXL, VXL.

Flipkart-Snapdeal deal done, stage now set for bigger war

The decks have finally been cleared for the sale of e-commerce major Snapdeal to its bigger rival Flipkart. Japan’s Softabank, the biggest investor in Snapdeal, has successfully brokered an agreement with Nexus Venture Partners, which was earlier resisting the sale plan. The merger between the two biggies will open a new chapter in the dog-eat-dog e-commerce space, which is faced with severe fund crunch. The development also sets the battlefield ready for the two biggest players in the space —Flipkart and the deep-pocketed Amazon.

LGBT to get due representation at Tata Steel

Tata Steel is in the process of drafting a policy paper and a roadmap to have 25 per cent of its workforce from diverse groups by 2020. Of this, 20 per cent will be women and the rest from the LGBT (lesbian, gay, bisexual, and transgender) community.

Flipkart: Face of Indian e-comm biz struggles with layoffs & pay cuts

Last month came a report that Flipkart is teaming up with eBay to take on Amazon. Then there was speculation that Snapdeal would be sold to rival Flipkart. The strategies were being floated and tried with the objective of surviving at a time when Amazon was making deep inroads in the e-commerce space in India.
Some questions remain. What is the financial position of Flipkart, an unlisted company? What is the status of the company which was once rated among the top-valued start-ups in the world with a valuation of $15.2 billion?

Flipkart-Snapdeal merger talks on

Softbank’s mounting losses in Snapdeal is not going to negatively impact the Flipkart-Snapdeal merger. The merger talks are still on though the Wednesday’s meeting did not happen.
Softbank has been reporting losses in Snapdeal for the past few quarters as part of its obligation to do so as a listed entity.
In the January quarter it had reported a loss of $475 million. Due to the losses, Softbank has stopped funding Snapdeal in the current form. It also started brokering the Snapdeal-Flipkart merger deal to salvage the investments in the company.

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