Cristiano Ronaldo

Ronaldo joins existing Chrono24 shareholders including private equity firms and the family investment vehicle of LVMH chairman Bernard Arnault

Rolex, watch

India imported Rs 1,722.88 crore worth of Swiss watches in 2022. This is nearly 20% more than in 2021

Luxury Swiss watches

The number of Rolex watches on the secondary market increased by 19 per cent in the fourth quarter alone, Morgan Stanley and WatchCharts estimated

Your luxury watch must match your personal lifestyle

Timepieces costing lakhs of rupees must highlight the owner's taste and personality

The supply of trophy watches such as the Rolex Daytona or Patek Nautilus 5711A "is now much larger", online-watch trading platform Chrono24 said in an emailed statement

Luxury watch

While a Rolex or a JLC instantly gratifies the vanity of the wearer with its signature designs and trademark engineering, it also enhances the stature of the person gifting it

Rolex, Luxury, premium, watch

Long waiting and premiums for Submariner, Daytona, Explorer, GMT

Panerai Luminor Blu Mare (Rs 3.8 lakh)

While business slowed down, Rolex, Panerai and Rado continued to clock sales

Watches

To tide over the disruption, a few players have also started creating websites for digital sales

The firm's watches segment has reported improvement  in profit margins during the past two years

The Bengaluru-headquartered company has now created a separate vertical to up its game in the smart watches category

Robin Knox-Johnston

And develops a beautiful tropical dial during its 312 days at sea

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Closing Bell on Thursday, September 21: The broad-based selling was led by public sector banks with the Nifty PSU Bank index sliding 2.3 per cent

bear market, sensex, nifty, loss, growth, investment

Tensions have been high since Canadian PM Trudeau on Monday alleged that the Indian government was behind the fatal shooting of Hardeep Singh Nijjar

visa, Canada

Catch all the latest updates from across the globe here

Manipur

No injury or loss of life was reported in the incident, Srinagar Police informed further, adding that the terrorist fled the spot after opening fire at the CRPF vehicle

Gun shooting, mass shooting

Delhi government has targeted to raise the number of registered construction workers in the city to 15 lakh this year and increase spending on various welfare schemes for them by 20 times, officials said on Monday.
The move comes in the wake of Chief Minister Arvind Kejriwal earlier this year expressing dissatisfaction over less number of registration of workers and emphasising to increase it further.
As per official data, the number of registered workers was 13 lakh by end of 2022-23.
The Delhi government will also raise spending on welfare schemes meant for construction workers to Rs 246 crore this year, up from 12.66 crore last year, officials said.
Last year over 4,500 applications were received from registered construction workers for various welfare schemes run by Delhi Building and Other Construction Workers Welfare Board.
Out of which, just over 2,000 were processed for benefits of different schemes with an expenditure of Rs 12.66 crore, a labour department officer said.


Highway labourer at par with construction worker after new wage norms

Nijjar, who was wanted in India, was gunned down outside a gurdwara, in a parking area in Canada's Surrey, BC on June 18

Justin Trudeau

Secretary of State Antony Blinken met Monday with China's vice president on the sidelines of the UN General Assembly as the Biden administration and Beijing step up high-level contacts ahead of what could be a leader-level summit this fall.
Blinken and Vice President Han Zheng held talks Monday at the Chinese mission to the United Nations. Their discussion came as China's Foreign Minister Wang Yi was in Moscow meeting Russian Foreign Minister Sergey Lavrov after wrapping up two days of talks with US national security adviser Jake Sullivan in Malta.
The quick succession of US-China contacts is fueling speculation that President Joe Biden may meet his Chinese counterpart Xi Jinping in November at an Asia-Pacific Economic conference in San Francisco.
"I think it's a good thing that we have this opportunity to build on the recent high-level engagements that our countries have had to make sure that we're maintaining open communications and demonstrate that we are responsibly managing the

Blinken, Antony Blinken

Iran's president on Monday denied his country had sent drones to Russia for use in the war in Ukraine, even as the United States accuses Iran of not only providing the weapons but helping Russia build a plant to manufacture them.
"We are against the war in Ukraine," President Ebrahim Raisi said as he met with media executives on the sidelines of the world's premier global conference, the high-level leaders' meeting at the UN General Assembly.
The Iranian leader spoke just hours after five Americans who had been held in Iranian custody arrived in Qatar, freed in a deal that saw President Joe Biden agree to unlock nearly USD 6 billion in frozen Iranian assets.
Known as a hard-liner, Raisi seemingly sought to strike a diplomatic tone. He reiterated offers to mediate the Russia-Ukraine war despite being one of the Kremlin's strongest backers. And he suggested that the just-concluded deal with the United States that led to the prisoner exchange and assets release could "help build trust"

Iran’s flag at the IAEA headquarters. Iran is now enriching small amounts of uranium to its closest-ever levels to weapons-grade purity as its stockpile continues to grow

Iran Flag

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Canada identifies expelled Indian diplomat as RAW station chief in Ottawa, sources say Canadian diplomat expelled from Delhi is intelligence officer

Prime Minister Narendra Modi with Canadian Prime Minister Justin Trudeau

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

India attended a two-day meeting convened by a neutral expert in Vienna that was part of proceedings aimed at resolution of a dispute between New Delhi and Islamabad on the Kishenganga and Ratle hydroelectric projects in Jammu and Kashmir.
Senior Advocate Harish Salve was present in the capacity of India's lead counsel in the matter, the Ministry of External Affairs (MEA) said on Thursday.
"A delegation from India, led by Secretary, Department of Water Resources, attended a meeting of the neutral expert proceedings in the Kishenganga and Ratle matter at the Permanent Court of Arbitration in Vienna on September 20 and 21," it said.
The MEA said the meeting was convened by the neutral expert appointed on India's request under the aegis of the Indus Waters Treaty and was attended by representatives of India and Pakistan.
"India's participation in this meeting is in line with India's consistent, principled stand that as per the graded mechanism provided for in the Indus Waters Treaty, 

india-pakistan

Prime Minister Narendra Modi on Thursday lauded the parliamentary's approval to the women's reservation bill as a defining moment in the nation's democratic journey.
Parliament approved the bill for reserving one-third of seats in the Lok Sabha and state assemblies for women with the Rajya Sabha unanimously clearing it on Thursday. All 214 MPs present in the Upper House voted in favour of it.
"This is not merely a legislation; it is a tribute to the countless women who have made our nation. India has been enriched by their resilience and contributions," Modi posted on X as the Rajya Sabha unanimously passed the bill a day after its approval by the Lok Sabha.
"A defining moment in our nation's democratic journey! Congratulations to 140 crore Indians. I thank all the Rajya Sabha MPs who voted for the Nari Shakti Vandan Adhiniyam. Such unanimous support is indeed gladdening," Modi said.
With the passage of the 'Nari Shakti Vandan Adhiniyam' in Parliament, an era of stronger ...

PM Modi

More than 10 people were injured when Manipur security forces fired tear gas shells on protesters for trying to storm police stations and court arrest demanding the unconditional release of the five arrested youths on Thursday.
As a precautionary measure, the state government cancelled curfew relaxations in the twin districts of Imphal from 5pm, officials said.
Responding to a call by six local clubs and Meira Paibis demanding the release of the five village volunteers, hundreds of protesters holding placards and shouting slogans tried to enter the Porompat police station in Imphal East and Singjamei police station and Kwakeithel police outpost in Imphal West district.
However, police and RAF personnel deployed at strategic positions fired several rounds of tear gas shells to disperse the crowd.
A protester, identified as Th Bimola at Porompat said, "We were left with no option but to court arrest as the government failed to release the five village volunteers. If such village ...

The Information and Broadcasting Ministry on Thursday advised TV news channels to refrain from giving platform to those belonging to proscribed organisations or facing charges of terrorism and serious crimes.
In an advisory to all private satellite TV channels, the ministry said it has come to its notice that "a person" in a foreign country who faces serious cases of crime including terrorism was invited for a discussion on a television channel.
During the discussion, the person made several remarks detrimental to the sovereignty and integrity of India, its security and friendly relations with a foreign state, the ministry said, without naming the person or the news channel.
The remarks of the person also had the potential of disturbing public order in the country, the ministry added.
While the government upholds media freedom and respects its rights under the Constitution, the content telecast by the TV channels must adhere to the provisions of the Cable Television Networks ...

TRP, tv news channels, viewership, media, entertainment, OTT

Sebi has amended rules under which listed entities with outstanding non-convertible debt securities will be required to list subsequent issuance of such securities on stock exchanges.
This will come into effect from January 1, 2024, the Securities and Exchange Board of India (Sebi) said in a notification uploaded on its website on Thursday.
The move is aimed at facilitating transparency in price discovery of non-convertible debt securities, providing better disclosures to investors and the market, and avoiding ISIN-level confusion and possible mis-selling of unlisted bonds.
In its notification, Sebi said certain types of issuances have been exempted from the applicability of this requirement.
Those included capital gains tax debt securities issued under Section 54EC of the Income Tax Act, 1961; those Non-Convertible Debts (NCDs) where parties have agreed to hold the securities till maturity and accordingly will be unencumbered; and NCDs issued following an order of any court or ...

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Rolex

Ronaldo buys stake in Rolex reselling website Chrono24 for undisclosed sum

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Cryptocurrency slump has flooded the market with Rolex and Patek

Luxury watches: If you have the inclination, they have the status quotient

Missing from shelves: Rolex steel watches as demand skyrockets

In premium watch segment, tried & tested is still ticking for buyers

Premium watch retailers make up for lost time by offering discounts

Titan eyes Lion's share in smartwatches space with R&D and acquisitions

This Rolex made the first solo, non-stop voyage around the world