Business Roundup #Week44

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TV Prices Set To Increase

Prices of television sets and appliances could go up by 3-10% as early as this week, says a report.

Manufacturers are raising sticker rates to reflect the rupee depreciation and the recent increase in customs levies on imported refrigerators and washing machines. Companies had originally planned raising prices as early as last month but eventually postponed the move until after the festive-season sales, sources said.

Chai Point To Launch New Payment Model

Online and retail tea maker Chai Point will introduce a hybrid payment model system for one of its largest businesses, says a report.

This comes as the company as it looks to expand its market footprint. The hybrid on-demand payment model will be integrated in the tea chain’s beverage dispenser model called BoxC which is currently operational across 2,000 corporate houses and office premises in eight cities. The integration, for which the firm has partnered Paytm, will enable Chai Point to have a dual payment system for BoxC on a contractual basis with the corporate house or employer for a minimum amount and on-demand, where it can scale through payments by consumers directly.

Jawa To Hit The Road Again

Classic Legends Private Limited, a subsidiary of Mahindra and Mahindra, has revived the classic Jawa brand by launching three Jawa motorcycles, says a report.

The bikes are the Jawa, Jawa Forty Two, and Perak. Jawa and Jawa Forty Two will be launched first and should be available by early next year. The Perak, which is a factory-custom job, will be launched later. They are priced at 1.55 lakh rupees for the Forty Two, 1.64 lakh for the Jawa and 1.89 lakh for the Perak.

Honda Cautious Over Indian Market

Honda Motor is bullish on the long-term opportunities for two-wheelers in India, but is cautious at present on decision-making, according to a report.

This is a result of frequent policy changes which have caused some uncertainty, a senior executive at Honda Motorcycle & Scooter in India said. India is a very important market but frequent changes in policy impacts decision making,” said the official.

IT Spend In India To Grow 6.7%

Information technology (IT) spending in India will grow at 6.7 per cent in 2019 to $89.2 billion, says a report.

This will be driven by digital transformation investments by both public and private entities, a report said. Research firm Gartner, which came up with the estimate, has pegged 2018 IT spends growth to come at 4.5 per cent, which is up from the year-ago 15.8 per cent. The spends on IT will continue to be driven by digital transformation by both the private and public sector which have become adaptive to business model change and bring new practices, develop new capabilities and create new ways to succeed in the digital world, it said. With advancements in technology such as automation software and Digital Twins from industry leaders such as Vantiq starting to be embraced on a global scale, it will be interesting to see what the future holds for these developments.

Jio ‘Fastest 4G Operator’

Reliance Jio emerged as the fastest 4G operator with its average peak download speed in October at 22.3 Mbps, says a report.

Idea Cellular clocked the highest upload speed in the month, according to a Trai report. Jio’s national average of 4G download speed was more than double compared to its rival Bharti Airtel, which recorded a download speed of 9.5 megabits per second (Mbps) in October, according to the data.

Hershey Expands Snacking Portfolio

Hershey India, a part of The Hershey Company, will be expanding its snacking portfolio by entering into the premium, ‘Better For You’ segment in the biscuit category with the launch of Sofit Protein Cookies, says a report.

The cookies will be available in distinct ranges such as natural cocoa with flax seeds, mango with real almond bits, and raisins with flax seeds. India is the global company’s first market for ‘Better For You’ cookies.

Babu Kalyanpur

Babu Kalyanpur, ( Consulting Editor) has rich experience in both sports and business journalism. Babu has led news desks in Pune and Bahrain and writes extensively on his passion, sports and business besides current affairs and matters of importance to Pune.

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