Business Roundup # Week 23

 

Price War on the Cards

A price war is brewing as Reliance Jio Infocomm is planning to launch its home broadband services around Diwali, according to a report.

Sources have said that the base pack of the company’s home broadband service, JioFiber, may be about Rs 500 for 100 GB of data, which is far lower than those of existing providers.

5G Migration Challenge

India may face hurdles if it seeks to migrate to 5G technology, industry experts have said.

They said the backhaul will be a big challenge in the migration from the current networks to 5G as less than 20 per cent of networks are running on fibre optic cables, according to a report.

Zomato Delivery Plan

Online food platform Zomato is mulling plans to deliver on its own for a small set of restaurants, according to a report.

The firm’s largest investor, Info Edge, said Zomato is aiming for self-fulfilled deliveries as it tries catch up with its Bengaluru-based rival Swiggy which is leading the online order business space by volumes.

Right-size Stores

The Indian franchise outlets of US brand Forever 21 will be downsized and right-sized by Aditya Birla Fashions and Retail (ABFRL), says a report.

The move is aimed at making the label profitable by next year, says ABFRL. The Mumbai-based firm acquired the brand from Diana Retail last year.

Calling Uber

Taxi app Uber is mulling a plan to let customers request cabs through calls or text messages, according to a report.

The US-based company is also eyeing social media like WhatsApp to hail its fleet. Uber’s R&D centre in Bengaluru is working on ways to hail its cabs without using the app.

New SUVs onWway

The success of its Vitara Brezza model has spurred Maruti Suzuki to introduce new models of SUVs over the next few years, says a report.

The company is planning a larger version of SUV to take on the challenge posed by rivals Tata and Mahindra.  The vehicle is scheduled to go into production in 2020, adds the report.

Data Speed Boost

The Telecom Regulatory Authority of India (TRAI) is planning the study the data speeds promised by carriers and the actual speed provided by them.

A report said that the TRAI move comes in the wake of increasing number of complaints from consumers. The regulator has sought views from both the stakeholders and consumers on the issue.

Lower GST Sought

Telecom operators will appeal to the government to lower the Goods and Services Tax (GST) rate on telecom services to 12 per cent to ensure parity with the applicable tax rate for mobiles, says a report.

The Cellular Operators Association of India, which represents all the top phone companies, said it will seek to reduce the GST from 18 per cent to the 12 per cent imposed on mobiles and also urge the government to extend the July 1 deadline.

De Beers Eyes Growth

Leading global diamond company De Beers expects all its brands in the country to post double-digit growth in 2017 due to improving economic conditions.

Diamond jewellery consumption is coming back to India after it was affected by the jewellers’ strike and demonetisation in the last quarter of 2016, De Beers Forevermark chief executive Stephen Lussier said.

Jio Fastest

Reliance Jio’s average download 4G speed on its network was the highest in April, according to data published on the TRAI website.

Jio’s speed was 19.12 megabit per second (Mbps), followed by Idea Cellular at second with 13.7 Mbps, Vodafone India at third with with 13.3 Mbps download speed. Bharti Airltel was lowest at 10.15 Mbps.

 

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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