Russian luxury brand Caviar introduces new design of iPhone for Rs 5.8 lakh

Agencies
March 16, 2019

Mosco, Mar 16: Russian luxury brand Caviar has announced 99 pieces of iPhone XS and XS Max models at the starting price of $8,370 (nearly Rs 5.8 lakh), that come with a mechanical watch and the dial protected by a sapphire crystal.

"We continue the history of the greatest mechanisms integrated into the smartphone design and a smartphone body which is complemented with a watch mechanism and a tourbillon," the company wrote on its website.

The "tourbillon" is a miniature, constantly rotating mechanism that compensates the gravity impact on the time reckoning.

Tourbillon is indeed a special height in the watch world – a tiny mechanism, called “vortex” in French, with its movement compensates the gravity error in the accuracy of the clock rate and ensures the perfect preciseness of the time reckoning,” Caviar said on the website.

The body of the limited-edition iPhones comes with a composite black titanium panel with white composite stone inserts and gold-plated elements.

“Keeping finding an inspiration in the traditions of watch complications, Caviar went further than the idea to combine a mechanic watch with a smartphone and developed a unique model, where the modern iPhone XS is complemented with a tourbillon – a mechanism providing the perfectly accurate time reckoning thanks to the leveling of the gravity impact on the watch work,” it said on the website.

The dial is said to consist of a set of circles inscribed into each other.

Caviar is selling 64GB, 256GB and 512GB variants of iPhone XS for $8,370 (Rs 5.8 lakh), $8,680 (Rs 6.01 lakh) and $9,060 (Rs 6.29 lakh), respectively.

The limited edition 64GB iPhone XS Max model could be purchased at $9,130 (Rs 6.3 lakh) for the 256GB and $9,440 (Rs 6.54 lakh) for the 512GB variant.

The company said it guarantees free worldwide shipping as well as easy returns and refunds.

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News Network
January 28,2020

Nagpur, Jan 28: A 19-year-old woman was allegedly raped and an iron rod was inserted in her private parts by a man in the Pardi area here, police said on Monday.

The gruesome incident took place on January 21 and the accused, Yogilal Rahangdale (52), was arrested from Gondia district, they said.

The accused was working as a supervisor in a spinning mill where the woman was employed as a labourer, the police said.

The woman, her brother, the accused and another girl lived in rented accommodations in Pardi.

Inspector Sunil Chavan of the Pardi police station said that the woman's brother and her female friend had gone to their village on January 21 for some work.

As the woman was alone at home, Rahangdale attempted to rape her in the night. When she resisted, he stuffed a piece of cloth in her mouth, he said.

When she fell unconscious, the accused raped her and inserted an iron rod in her private parts, Chavan said, quoting from the complaint filed by the victim.

She narrated the incident to her brother on January 24 and they subsequently lodged a complaint with the police.

An offence was registered against the accused at the Pardi police station.

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Agencies
August 2,2020

New Delhi, Aug 2: India's COVID-19 tally crossed the 17 lakh mark with 54,736 positive cases and 853 deaths reported in the last 24 hours.

"The total COVID-19 cases stand at 17,50,724 including 5,67,730 active cases, 11,45,630 cured/discharged/migrated and 37,364 deaths," said the Union Health and Family Welfare Ministry.

As per the data provided by the Health Ministry, Maharashtra -- the worst affected state from the infection -- has a total of 1,49,214 active cases and 15,316 deaths. A total of 4,31,719 coronavirus cases have been recorded in the state up to Saturday, as per the state health department.

Tamil Nadu has a total of 60,580 active cases and 4,034 deaths.

In Delhi, the total cases rose to 1,36,716, including 1,22,131 recovered/discharged/migrated cases and 3,989 deaths. There are 10,596 active cases in the national capital.

The total number of COVID-19 samples tested up to August 1 is 1,98,21,831 including 4,63,172 samples tested yesterday, said the Indian Council of Medical Research (ICMR) on Sunday.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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