Latest news with #MBF
New York Times
07-08-2025
- Entertainment
- New York Times
Indie Watchmakers Enjoy the Challenge of Low-Price Models
The M.A.D.1 was a wild watch. The dial space of the MB&F model introduced in 2021 featured a three-prong rotor that whirled like a fidget spinner, while timekeeping was relegated to two rotating rings on the side of the thick, shiny 42-millimeter case. M.A.D.2 — created by the respected designer Eric Giroud and introduced in March — also appeared to be radical, exotic and, by implication, expensive. But just like its predecessor, the timepiece was priced at 2,900 Swiss francs ($3,655), plus tax — roughly a 20th of the cost of the cheapest watch in MB&F's established collections. MB&F is not the only high-end watch brand with more affordable options, however: In Japan, Hajime Asaoka created Kurono Tokyo; Stepan Sarpaneva of Finland has S.U.F. Helsinki; and the Dutch watchmaking brothers Tim and Bart Grönefeld introduced Grøne in November. Theo Auffret has lent his expertise to SpaceOne, a line of sci-fi theme watches at 1,500 to 3,000 euros ($1,760 to $3,525), and Raúl Pagès, who won the inaugural Louis Vuitton watch prize in 2024, has collaborated with Massena LAB on midprice designs. Yet apparently these lower-end efforts haven't dented the prestige of their makers' costlier creations. So what, other than price, do fans find so compelling? 'With independent brands, the link to the maker is so important,' said Gary Getz, a well-known collector in California who has watches from several such brands. 'I could see how the same people who come up with MB&F's Horological Machines would have the imagination to come up with the M.A.D.1 or the M.A.D.2. There's a family resemblance.' Want all of The Times? Subscribe.
Economic Times
18-06-2025
- Business
- Economic Times
Stocks in news: Hindustan Zinc, UGRO Capital, Delhivery, M&M, Vishal Mega Mart
PNB completed the sale of its entire stake (20.9% equity) in associate company, 'Mis India SME asset reconstruction company' for Rs 34 crore. Indian markets experienced a slight downturn, with several companies making headlines. Vedanta plans to sell shares in Hindustan Zinc, while UGRO Capital acquired Profectus Capital. Delhivery's acquisition of Ecom Express received CCI approval, and M&M also secured approval for the SML Isuzu acquisition. Polycab India secured a significant contract with BSNL for the BharatNet project. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Markets remained lackluster and ended nearly half a percent lower, continuing the ongoing consolidation phase. In today's trade, shares of UGRO Capital Vishal Mega Mart among others will be in focus due to various news Vedanta is expected to sell shares worth Rs 7,500 crore in Hindustan Zinc Ltd (HZL) through block deals, according to Capital, the DataTech NBFC focused on MSME lending, has acquired Profectus Capital, for Rs 1400 crore, company said on CCI approved Delhivery's proposed acquisition of a controlling stake in Ecom Express for about Rs 1,407 crore, marking a major consolidation move in India's logistics Capital reappointed Naveen Uppal as chief risk officer(CRO) of the company for three years with effect from June 17.M&M received unconditional Competition Commission Of India (CCI) approval for SML Isuzu acquisition and open offer. Polycab India has executed a contract worth Rs 6,447.54 crore with BSNL to act as the project implementation agency (PIA) for the BharatNet project in Karnataka, Goa, and Samayat Services LLP sold 19.6% equity in the company for about Rs 10,220 crore. Buyers include SBI Mutual Fund, Kotak Mahindra Mutual Fund and HDFC Mutual received letter of intent (LoI) from Zoram Electronics Development Corporation for a project worth Rs 43.99 completed the sale of its entire stake (20.9% equity) in associate company, 'Mis India SME asset reconstruction company' for Rs 34 Castings to shut down its MBF production facility at Khardah works unit and main plant for 10-12 days from June 18 for maintenance work.
Time of India
18-06-2025
- Business
- Time of India
Stocks in news: Hindustan Zinc, UGRO Capital, Delhivery, M&M, Vishal Mega Mart
Markets remained lackluster and ended nearly half a percent lower, continuing the ongoing consolidation phase. In today's trade, shares of UGRO Capital , Hindustan Zinc , Delhivery , M&M, Vishal Mega Mart among others will be in focus due to various news developments. Hindustan Zinc Promoter Vedanta is expected to sell shares worth Rs 7,500 crore in Hindustan Zinc Ltd (HZL) through block deals, according to report. UGRO Capital UGRO Capital, the DataTech NBFC focused on MSME lending, has acquired Profectus Capital, for Rs 1400 crore, company said on Tuesday. Delhivery The CCI approved Delhivery's proposed acquisition of a controlling stake in Ecom Express for about Rs 1,407 crore, marking a major consolidation move in India's logistics sector. Sammaan Capital Sammaan Capital reappointed Naveen Uppal as chief risk officer(CRO) of the company for three years with effect from June 17. M&M M&M received unconditional Competition Commission Of India (CCI) approval for SML Isuzu acquisition and open offer. Polycab India Polycab India has executed a contract worth Rs 6,447.54 crore with BSNL to act as the project implementation agency (PIA) for the BharatNet project in Karnataka, Goa, and Puducherry. Vishal Mega Mart Promoter Samayat Services LLP sold 19.6% equity in the company for about Rs 10,220 crore. Buyers include SBI Mutual Fund, Kotak Mahindra Mutual Fund and HDFC Mutual Fund. RailTel RailTel received letter of intent (LoI) from Zoram Electronics Development Corporation for a project worth Rs 43.99 crore. PNB PNB completed the sale of its entire stake (20.9% equity) in associate company, 'Mis India SME asset reconstruction company' for Rs 34 crore. Electrosteel Castings Electrosteel Castings to shut down its MBF production facility at Khardah works unit and main plant for 10-12 days from June 18 for maintenance work.
Business Recorder
20-05-2025
- Business
- Business Recorder
Vohra urges KCCI to share proposals for Federal Budget
KARACHI: Member National Assembly (MNA) Arshad Abdullah Vohra has called on the Karachi Chamber of Commerce and Industry (KCCI) to share its comprehensive proposals for the upcoming Federal Budget 2025–26. He also urged the Chamber to guide the Muttahida Business Forum (MBF) in formulating policies that align with the economic interests of Karachi, Sindh, and Pakistan as a whole. Speaking during a visit of the MBF delegation to KCCI, MNA Vohra stated, 'While the MQM has prepared and submitted its own set of budget proposals, this year we are specifically seeking strategic input from KCCI to ensure that critical and genuine issues are effectively raised at the national level. The National Assembly's Finance Committee is scheduled to meet on May 22, and MQM intends to submit KCCI's proposals as formal support to bolster our advocacy for inclusive and business-friendly reforms.' The meeting was attended by Chairman BMG Zubair Motiwala, President KCCI Jawed Bilwani, Senior Vice President Zia ul Arfeen, Vice President Faisal Khalil Ahmed, former Presidents Junaid Makda, Muhammad Idrees, and Iftikhar Ahmed Sheikh, as well as members of the KCCI Managing Committee. The MBF delegation included MNA Arshad Vohra, MNA Syed Hafeezuddin, MNA Jawed Hanif, MNA Hassan Sabir, MPA Taha Haider, MPA Maaz Mehboob, MPA Shariq Jamal, and former KCCI President Saeed Shafiq. MNA Arshad Vohra commended KCCI's unwavering commitment to highlighting the city's most urgent challenges. 'KCCI has consistently raised a strong voice on critical issues, including shortages of electricity, gas, and water, as well as taxation, deteriorating infrastructure, and industrial decline. We acknowledge both the scale and urgency of these problems and are determined to work together toward sustainable solutions.' He underscored Karachi's immense contribution to the national economy, noting that the city accounts for over 67% of federal revenue, contributes more than 90% to Sindh's revenue, and is responsible for 54% of Pakistan's exports. 'Despite this, Karachi's business environment continues to decline. The SITE Area, Pakistan's largest industrial zone, has suffered from a persistent water crisis for over three decades, with similar conditions in other industrial zones', he noted. Copyright Business Recorder, 2025
Express Tribune
19-05-2025
- Business
- Express Tribune
Vohra urges KCCI to submit budget proposals
Member of National Assembly (MNA) Arshad Abdullah Vohra has urged the Karachi Chamber of Commerce and Industry (KCCI) to submit its comprehensive proposals for the Federal Budget 202526 and guide the Muttahida Business Forum (MBF) in aligning policies with the economic interests of Karachi, Sindh, and Pakistan. During a visit of the MBF delegation to KCCI, Vohra said that although MQM had submitted its own proposals, input from KCCI was vital. "The National Assembly's Finance Committee meets on May 22, and MQM will submit KCCI's proposals to support inclusive and business-friendly reforms," he stated. Vohra commended KCCI's consistent advocacy on issues like electricity, gas, and water shortages, taxation, infrastructure decay, and industrial decline. He noted Karachi's substantial economic contributionover 67% of federal revenue, more than 90% of Sindh's revenue, and 54% of national exportsyet lamented the city's worsening business environment. He highlighted SITE Area's decades-long water crisis and called for fairer taxation. "Salaried individuals are the highest taxpayers. With enforceable tax measures for the retail and undocumented sectors, we can ease their burden," Vohra said. Chairman BMG Zubair Motiwala, addressing via Zoom, praised the MBF's formation and said unemployment was Karachi's deepest crisis. "Industries are shrinking or shutting down. No new investment is coming in," he said. He urged the government to offer regionally competitive energy rates and create an investor-friendly climate.
