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BUSINESS CORNER

Wednesday, 16 January 2019 | Agencies

Honor unveils Honor 10 Lite for Rs 13,999 onwards

New Delhi: Honor — a sub-brand of Chinese firm Huawei — on Tuesday launched its new smartphone 'Honor 10 Lite' in the Indian market, priced Rs 13,999 onwards. The handset features 15.77-cm screen, 24 megapixel front and 13MP+2MP back camera, and 3400 mAh battery. The device will be available from January 20 in two variants — 4GB RAM and 64GB internal memory (Rs 13,999) and 6GB RAM and 64GB internal memory (Rs 17,999). “The Lite series is focussed on offering the best design and camera features. With Honor 10 Lite, we are pushing the boundaries even further as it includes a range of high-end features,” Honor India vice-president Allen Wang told reporters here.  Honor 10 Lite is a successor to Honor 9 Lite that has seen sales of over 1.5 million units so far.

Jio 4G download speed dips in Dec but still tops chart; Idea top in upload: Trai

New Delhi: Reliance Jio’s 4G download speed declined by about 8 per cent in December to 18.7 megabit per second (mbps) but still continued to lead the chart for the past 12 months in a row, according data published by telecom regulator Trai. Jio network recorded an average download speed of 20.3 mbps in November. Performance of Bharti Airtel's 4G network marginally improved in December to 9.8 mbps from 9.7 mbps in November, according to the data published by the Telecom Regulatory Authority of India (Trai) on MySpeed Portal. Though Vodafone and Idea Cellular have merged their businesses and now operate as Vodafone Idea, Trai published their network performance separately. 4G download speed on Vodafone network declined slightly to 6.3 mbps from 6.8 mbps in November, while that of Idea dipped to 6 mbps from 6.2 mbps. Idea, however, continued to top the chart in terms of 4G upload speed despite dip in network performance. The upload speed on Idea network declined to 5.3 mbps in December from 5.6 mbps in November. The download speed plays an important role when a user watches any video, browse the internet, access e-mails; and a good upload speed is required when a user wants to share data such as images, videos and any other files through e-mail or social media applications.

United Spirits sells Four Seasons Wines business

New Delhi: Diageo-owned liquor firm United Spirits (USL) Tuesday said it has executed a share purchase agreement for sale of its entire equity share capital in its subsidiary Four Seasons Wines as well as associated brands to Grover Zampa Vineyards and Quintela Assets.                  The company has entered an agreement for the sale of all the equity shares held by the company constituting 100 per cent of the paid up equity share capital of its wholly-owned subsidiary, Four Seasons Wines (FSWL), along with the brands, "the company said in a regulatory filing. USL said this move towards disinvestment of Four Seasons Wines is in line with USL's strategy to successfully continue to monetise its non-core assets, including subsidiaries. The company said total consideration received for this sale is Rs 31.86 crore.

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