Luxury Swiss watches

Imports touched 98.5 million Swiss francs (nearly Rs 933 crore) in the January to June period this year period from 81.2 million francs a year earlier

Rolex, watch

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

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

Kim Jong Un watch

North Korean leader's weight has long been tracked by spy agencies for clues about the stability of his regime.

Swatch, watches

It is likely to see closure of its last operating mono-brand store at the Grand Central Mall in Seawood, Vashi, in a few months

The Indian customer, once unconcerned with the intricacies of watchmaking, is now more appreciative of quality craftsmanship

Piaget Altiplano ultraslim, watch

Timepieces with green dials are invading stores, at price points of every hue

graph

Switzerland's regulations governing the Swiss made label have watchmakers wound up

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

Adani, Adani Group

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Dharavi Redevelopment Project

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Nirmala Sitharaman,

While both Tesla and the Indian government remain keen on the proposal, and New Delhi continues to review it, it is not certain if the plan will be realised, said the first source

Tesla, elon Musk

Torrent has also been in talks with CVC Capital Partners and Bain Capital who might become equity partners in a consortium and contribute as much as a combined $1.5 billion to the deal, sources said

Torrent Pharmaceuticals

North Korea said on Tuesday that leader Kim Jong Un has returned home from a trip to Russia where he deepened comradely fellowship and friendly ties with President Vladimir Putin.
During Kim's six-day trip to Russia, his longest foreign travel as a leader, the two countries said they discussed boosting their defense ties but didn't disclose any specific steps. Foreign experts speculate the two countries, both locked in confrontations with the West, were pushing to reach arms transfer deals in violation of UN Security Council resolutions.
The official Korean Central News Agency said Kim's train crossed a border river on Monday morning, but didn't say whether he headed to the capital, Pyongyang, or elsewhere inside the country.
Before travelling to Russia, Kim made several visits to his munitions factories, triggering speculation that he intended to check on productions of arms to be shipped to Russia.
While travelling through Russia's far eastern region, Kim met Putin at Russia's mo

shake hands during their meeting at the Vostochny cosmodrome

Putin, Kim Jong Un

Prime Minister Narendra Modi on Tuesday urged Members of Parliament to reaffirm the commitment to make India a developed nation by 2047 and described the move to the new Parliament building as a new beginning towards a new future.
He was addressing a gathering of MPs at the historic Central Hall of the old Parliament building during a function to commemorate the rich legacy of the Parliament of India.
"In the new Parliament building, we are going to make new beginnings for a new future," Modi said.
"Since 1952, 41 heads of states from across the world have addressed our MPs in the Central Hall and more than 4,000 laws have been passed by Parliament in the last seven decades," the prime minister said.

PM Modi, Narendra Modi

Myntra said that flat charge of Rs 199 to Rs 299 per order may impact user behaviour that is adverse to Myntra's business and is likely to affect not just high-return users but also their wider circle

Myntra

The district collector A Geetha informed that shops and establishments in the above containment zones can operate till 8 pm, while all banks can function till 2 pm as per the Nipah protocol

Nipah Virus

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

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

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

Parliament

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

Filmmakers will have to invest in understanding the changing tastes of moviegoers, in multiplexes and single screens, in order to improve their chances of success

Cinema hall, Kashmir, South Kashmir

'Representation was low during Congress' rule, and that was wrong; representation is low under BJP, which is also wrong', says Congress leader Rahul Gandhi

Rahul Gandhi

A court here on Friday extended the judicial remand of TDP chief N Chandrababu Naidu in the case pertaining to AP Skill Development Corporation scam till September 24.
Additional Advocate General Ponnavolu Sudhakar Reddy told PTI that the special court for Anti-Corruption Bureau here extended the former Chief Minister's remand by two days.
Meanwhile, the High Court has scheduled the hearing on the FIR quash petition filed by Naidu at 1:30 pm today.
Chandrababu Naidu was arrested on September 9, for allegedly misappropriating funds from the Skill Development Corporation, leading to an alleged loss of over Rs 300 crore to the state exchequer.
He is currently lodged in the Rajamahendravaram central prison.

Telugu Desam Party (TDP) President N Chandrababu Naidu

Recently, the CBI has filed a chargesheet in the alleged Land for Job scam case against Lalu Prasad Yadav including his son Tejashwi Yadav and others

corporate governance, MCA, company, audit firms, fraud, scam, audit

The Supreme Court on Friday said it would list pleas on the issue of marital rape for hearing in mid-October. The pleas raise the legal question of whether a husband enjoys immunity from prosecution for the offence of rape if he forces his wife, who is not a minor, to have sex.
A bench comprising Chief Justice D Y Chandarchud and Justices J B Pardiwala and Manoj Misra took note of the submissions of lawyer Karuna Nundy that the pleas needed to be heard.
We are in midst of constitution bench hearings. We can list this after the constitution bench matters are wrapped up, the bench said and asked Solicitor General Tushar Mehta and other lawyers how much time they would take in advancing their arguments.
I will take two days. This (issue) has social ramifications, the law officer said. A counsel for the petitioners said they would like to argue for three days.
Then it can be listed for hearing in April next year! the CJI quipped and later said the pleas would be listed for hearing in .

Supreme Court, Manipur violence

The Supreme Court on Friday refused to entertain a PIL seeking an audit of the software used in electronic voting machines (EVMs) used by the Election Commission.
A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said no actionable material that the poll panel acted in breach of constitutional mandate in holding polls has been placed before it.
The Election Commission is entrusted with the control over elections. Presently, the petitioner places no actionable material before this court to show that the poll panel has acted in breach of its constitutional mandate. There is no material before us which casts doubt on EVMs, the bench said.
Before filing the petition, PIL petitioner Sunil Ahya had made representations to the Election Commission seeking an independent audit of the source code of the EVMs.
The source code is the brain behind the EVM and it is about survival of democracy, Ahya said.

The VVPAT machines, which will be attached to the EVMs, will allow voters to verify if their vote has gone to the intended candidate. (Photo: pib.nic.in)

Heatmap

Swiss watch

Swiss watches import jump 21% in India first six months of 2023

Good times for the Swiss watches; 2022 saw highest ever demand in India

Luxury Swiss watches still beat stocks and crypto despite Rolex, Patek drop

Global intrigue: What Kim Jong's $12,000 Swiss watch says about his health

Swatch shuts half-a-dozen flagship stores in malls, bets on kiosks

Luxury made-in-India watches are a surprisingly popular new trend

Watchmakers are betting big bucks on green this year

Some Swiss watchmakers are ticked over new rules