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 Nerwork
June 7,2020

New Delhi, Jun 7: Rain lashed some parts of the Delhi-NCR on Sunday morning.

The India Meteorological Department (IMD) has predicted partly cloudy sky with possibility of development of thunder lightning for three days from June 10 onwards with minimum and maximum temperature will hover around 29° Celcius and 42° Celcius respectively.

Strong surface winds during day time have been predicted for today by IMD.

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News Network
February 11,2020

New Delhi, Feb 11: Celebrations broke out at the AAP headquarters here as early vote-counting trends for the Delhi Assembly polls on Tuesday showed a comfortable victory for the Chief Minister Arvind Kejriwal-led party.

The headquarters were decorated with blue and white balloons and big cut-outs of Kejriwal were placed in different parts of the party office.

"We knew it. We have changed the politics of this country. Now it is Delhi, next is India," said Sanjeev Singh, a party volunteer from Hari Nagar.

Another volunteer Fareen Khan said, "We hope we get such a clear majority that a message goes out that doing Hindu-Muslim politics will not work anymore."

The Aam Aadmi Party (AAP) is leading in 26 seats while the BJP is leading in 14 seats, according to early trends by the Election Commission.

According to the EC's website, AAP convenor Kejriwal is leading in his New Delhi constituency.

Kejriwal reached the party office as the counting of votes got underway.

Counting centres are spread across 21 locations, spanning 70 constituencies.

Polling for the 70-member Delhi Assembly was held on Saturday.

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News Network
March 4,2020

New Delhi, Mar 4: The government on Wednesday permitted NRIs to own up to 100 per cent stake in disinvestment-bound Air India.

The decision comes at a time when the government is looking to sell 100 per cent stake sale in the national carrier.

Union minister Prakash Javadekar said the Cabinet has approved allowing Non-Residents Indians (NRIs) to hold up to 100 per cent stake in Air India.

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments.

Under the Substantial Ownership and Effective Control (SOEC) framework, which is followed in the airline industry globally, a carrier that flies overseas from a particular country should be substantially owned by that country's government or its nationals.

Currently, NRIs can acquire only 49 per cent in Air India. Foreign Direct Investment (FDI) in the airline is also 49 per cent through the government approval route.

As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.

In the case of scheduled airlines, 49 per cent FDI is permitted through automatic approval route and any such investment beyond that level requires government nod.

On January 27, the government came out witha Preliminary Information Memorandum (PIM) for Air India disinvestment. It has proposed selling 100 per cent stake in Air India along with budget airline Air India Express and the national carrier's 50 per cent stake in AISATS, an equal joint venture with Singapore Airlines.

Under the latest disinvestment plan, the successful bidder would have to take over only debt worth Rs 23,286.5 crore while the liabilities would be decided depending on current assets at the time of closing of the transaction.

This is the second attempt by the government in as many years to divest Air India, which has been in the red for long.

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