Brand

Brand

Mahindra to launch new global MPV Marazzo in September

Mahindra and Mahindra, India’s second biggest utility vehicle maker by sales, on Tuesday announced name of its global new multi-purpose vehicle (MPV) model codenamed U321 as ‘Marazzo’.

The Mumbai-based auto major did not disclose its total investment in developing this new vehicle.

But when asked Pawan Goenka, managing director at M&M said to develop any new platform to produce a vehicle the standard investment is between Rs 1000 to Rs 1,500 crore.

This Rs 120-crore Zonda HP Barchetta is the world’s most expensive car

Italian sports car manufacturer Pagani Automobili has launched its latest hyper-car the Pagani Zonda HP Barchetta at a price tag of whopping Rs 122 crore. A motorcade consisting 10 hypercars worth over Rs 314 crore enthralled Londoners as it drove down en masse from Pagani UK’s North London headquarters, via the Capital, to Goodwood for the 25th anniversary of the Festival of Speed. The procession included the most expensive car in world Pagani Zonda HP Barchetta.

Leaks show Tesla has branded smartphone

Since Tesla already sells branded gadgets like an external battery, why not a smartphone?

It seems Tesla is eyeing a spot in the smartphone market, after carving a niche in premium electric cars and attempting space exploration with SpaceX projects, as per a leak.

Pictures of the phone’s front and rear panels were shared online on leaks repository SlashLeaks.

The core design and format feel like the Galaxy S8 a bit, but with a trademark “V” shaped area at the back, where the Tesla logo sits.

Vistara plans big foreign launch in Asia market

Proposing to launch its international operations soon, Vistara plans to operate flights to popular foreign tourist destinations of Bangkok, Phuket, Colombo and Male. That would make Vistara the second full-service carrier to go overseas after Jet Airways, which began flying on foreign routes almost a decade-and-a-half back. The move is set to offer consumers more flying choices at competitive ticket prices.

Grofers launches FMCG brands

With the online grocery market set to become active with the entry of Walmart, existing players like Grofers are becoming aggressive in terms of offerings. Grofers has launched five new private label brands that cover large range of FMCG products. With the launch of these brands, the company aims to double the revenue from private label products to 50 per cent this year and 70 per cent in the next three years.

Industry-academia stalemate may hit startups

The biggest missing piece in India’s startup story is the lack of communication and inadequate connect betwe­en industry and academia. The deadlock between these two will hurt the country’s tech startup ecosystem, wh­ich is the third largest in the world, Nasscom, cautions in­d­ustry apex body.

Xiaomi makes weak debut after big-bang IPO

Xiaomi Corp made a weak debut in Hong Kong on Monday, with the Chinese smartphone maker’s shares sliding as much as 6 per cent on valuation concerns, in an ominous sign for its technology sector peers lining up listings in the city. A packed initial public offering (IPO) calendar in the coming months will include a $4 billion deal from online food delivery-to-ticketing services platform Meituan Dianping and an up to $10 billion IPO from China Tower, the world’s largest mobile tower operator.

Luxury carmakers register double-digit growth in H1

The luxury car market in India is stabilising after the shock of Goods and Service Tax (GST) and a hike in cess on the luxury cars in the country last year.

Significantly, three of the top five luxury car brands posted double digits growth in the first six months, January—June period (H1).

Tata Global Beverages brings in new products

Tata Global Beverages Ltd (TGBL) will now focus on extension and scaling up its product lines – bringing in new products, said N Chandrasekaran, chairman, TGBL. “The focus of the company going forward will be to try and scale specific platforms and operations and also capture the growth in the Indian market. Even though in volume term, we continue to be number one in the Indian market, we can't say the same in value terms.

Ambani showers ‘Monsoon Hungama’ to exchange feature phone with Jio Phone for Rs 501

To make further inroads into the intensely competitive Indian telecom market, billionaire Mukesh Ambani on Thursday annou-nced ‘JioPhone Monsoon Hungama’, offering to replace old feature phone with JioPhone for just Rs 501.

Speaking at the 41st annual general meeting of Reliance Industries, Ambani also outlined a target of garnering 100 million JioPhone users in the “shortest possible time”.

He also announced added capabilities and functionalities for JioPhone, an internet-enabled feature phone that offers 4G connectivity.

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