Copper hits its highest level in 2 years


Copper prices rose for a fourth day on Wednesday to the highest in more than two years on expectations of strong economic growth in China and news of Chinese restrictions on scrap imports that would increase demand for imported refined copper.

A weaker dollar and forecasts of tight supplies supported price gains, said ABN AMRO analyst Casper Burgering.

But traders said gains faltered once European markets opened as investors cashed in on higher prices.

COPPER: Benchmark copper on the London Metal Exchange was up 0.7 percent at $6,270 a tonne at 1036 GMT, having earlier touched $6,400, its highest since May 2015. The metal used in power and construction has gained more than 5 percent since July 20.

STOCKS: On-warrant stocks available to the market at LME-registered warehouses fell to 221,125 tonnes after 6,425 tonnes of cancellations, but were still up from a low of around 140,000 tonnes in May. <MCUSTX-TOTAL>

CHINA SCRAP BAN: Traders said prices rose on news that China could ban imports of some scrap metal, including copper, from the end of 2018. This would increase demand for imported refined copper.

BAN IMPACT: However, metals researcher Antaike said that the ban would likely affect less than 1 million tonnes of imports that market participants were speculating could be impacted.

CHINA GROWTH: Metals were also supported by a better demand outlook from China after second-quarter growth beat expectations and the International Monetary Fund raised the country’s 2017 growth forecast.

DEMAND: China accounts for nearly half of global copper consumption estimated at 23 million tonnes this year.

CHINA MARKETS: China’s securities regulator pledged on Wednesday to expand access to capital markets for all types of investors.

U.S. FED: The Federal Reserve is expected to hold interest rates unchanged in a decision to be announced at 1800 GMT.

CURRENCY: The U.S. dollar has weakened for five consecutive months, making dollar-priced metals cheaper for holders of other currencies.

FREEPORT: Indonesia has agreed with U.S. miner Freeport McMoRan Inc that any new operating permit for Grasberg, the world’s second-largest copper mine, will only be valid until 2021.

ANTOFAGASTA: Chile’s Antofagasta said copper production in the first half rose 7.1 percent and kept its full-year cost and output guidance.

PRICES: Aluminium was up 0.3 percent at $1,935.50 a tonne, nickel was 0.6 percent lower at $9,945, zinc was down 1 percent at $2,807, lead had lost 0.5 percent at $2,307 and tin was 0.1 percent higher at $20,320.


Gold or Real Estate: what is the right investment for you?

The sheen of gold has always been irresistible to Indians. We’ve been historically inclined to acquire gold jewellery in the belief that it is symbolic of high economic status. It was also considered prudent, at one time, to invest in gold. However, with recent fluctuations in gold prices, it is natural to wonder if the hallowed yellow metal is still a good choice for investors.

The ideal alternative to investing in gold is real estate investment. Take a look at how they compare across various parameters to see how the two compare.

Parameter Real Estate Gold
Size of investment Relatively large investment required Smaller amounts of investment are possible
Tenure Ideal for long-term investments Best suited for short-term investments
Earning potential Can generate regular monthly income through rent Returns fluctuate with the market
Liquidity Not easy to liquidate Easy liquidity
Volatility Low volatility High volatility
Pre-investment understanding Requires research and understanding of market Quality and valuation are transparent
Tax Structured tax benefits Attracts capital gains tax
Economic impact Good for growth of economy Adverse impact on economy

Available capital

One fundamental factor to decide where you should invest is the amount of capital available.

Investing in land requires a significantly larger amount. The general practice is to fund the down payment (20% of the total price) with savings and take a home loan for the remaining. Even purchasing a small apartment requires a few lakhs in rupees.

Investing in gold, on the other hand, can be carried out with relatively smaller amounts of money.


When it comes to returns, property can translate to regular returns in the form of rent.

Investing in gold can yield fluctuating returns based on market situations.

Nature of investment

Volatility can be a major concern for existing and potential investors. Real estate investment is considered relatively stable whereas gold has proved to be rather volatile.

Investment horizon

Investors seeking long-term options will find a better match with real estate. Property typically yields returns over longer periods rather than shorter terms.

For those who seek short-term investment avenues, gold is a good option.


One of the factors to consider when investing is how easy it is to liquidate if the requirement arises. In the case of real estate, it is relatively illiquid.

Physical gold and ETFs have fairly high liquidity.

Tax benefits

Real estate investment offers people structured tax benefits. As for investing in gold, it attracts capital gains tax.

Impact on economy

Gold is imported from other countries. Importing at more expensive currencies reduces the valuation of the Indian rupee, which then leads to a spike in prices of commodities such as capital goods and fuel. This makes investing in gold detrimental for the Indian economy.

Investing in real estate does the exact opposite and facilitates the growth of the economy.

Overall, experts believe that gold works best as a hedge against economic uncertainty rather than a long-term investment option. It’s time we shed old patterns of thought and embraced the option that is clearly the rational choice.


50 Strong’s Ashley Thompson Built A Business Making Plastic Water Bottles In The U.S.

The common wisdom says that basic manufacturing has left the United States. Ashley Thompson, CEO of 50 Strong, a Lima, Ohio-based plastics manufacturer is trying to prove that common wisdom wrong.

Thompson, 37, a former lawyer, grew up in the plastics manufacturing business, and created the 50 Strong brand. The company makes plastic water bottles and other basic plastic products. Today, the family-owned business has 100 full-time employees, sales of more than $10 million, and nationwide distribution in Walmart. It recently won a contract to produce 5 million plastic water bottles for Walmart, replacing a former supplier that had made  bottles in China.

Courtesy of 50 Strong

Made in America: 50 strong got a deal to sell 5 million water bottles at Walmart, replacing Chinese-made ones

At Walmart’s recent open call extravaganza for American manufacturers in Bentonville, Ark., Thompson arrived dressed in a blue jacket and big red beaded necklace to make the case for making products at home. “We want to prove that made-in-America products can be done at the same price as imported products,” she says.

Open call is the one day a year when Walmart opens its doors to pitches from American manufacturers, however small, as part of the retailer’s pledge to add $250 billion in U.S.-made goods to its shelves by 2023. At this year’s event in late-June, more than 500 entrepreneurs trekked to Bentonville from across the country to pitch their products, Shark Tank-style, in 30 minute meetings with the retailer’s buyers. Nearly 100 of them – including Thompson, who was pitching new, inexpensive plastic storage pockets where consumers could put kitchen or bath products that clutter the countertops – received an immediate yes.

Thompson’s father, Randy Carter, started the family’s plastics manufacturing business, called Precision Thermoplastic Components, or PTC, back in 1982. The business did contract manufacturing for other companies, and had expertise in injection molding, extruding, blow molding and product assembly. It was a tough business as manufacturing moved overseas, where costs were cheaper. “We would have products where we would have the business, and then lose it to a supplier in China,” Thompson recalls.

Courtesy of 50 Strong

50 Strong’s Ashley Thompson

Growing up, she vowed never to work for the family business, and, instead went to law school at Ohio State University, and practiced as an attorney at a small firm. In 2012, she was ready for a change, and with her husband, Brendan, who already worked at PTC, she came up with the idea for 50 Strong. The new division is named for the country’s 50 states. Flipping over water bottles at trade shows, she realized that most were made overseas, and she vowed to make all her products in the Rust Belt. “We knew we had the manufacturing capabilities, and we saw the need for a made-in-America brand,” she says.

Slowly, but surely, she started to make inroads at retail. PTC had first gotten into Walmart with a tire inflater in the automotive department for which it made a piece of tubing. Today, 50 Strong has 16 items in Walmart’s stores, and also sells on Amazon and its own website.


Will real estate development management model take a hit under RERA?

Under the development management model, large realty firms step in as development managers for smaller developers and landowners, in return for a share of the revenue, share of profit or a management fee. Photo: Mint

Under the development management model, large realty firms step in as development managers for smaller developers and landowners, in return for a share of the revenue, share of profit or a management fee. Photo: Mint

Mumbai: Stringent partnership rule under the new real estate law is likely to disrupt the development management (DM) strategy, an asset light model followed by large developers like Tata Housing Development Co. Ltd and Godrej Properties Ltd to increase the pace of their growth and expand their brand.

Under the DM model, large realty firms step in as development managers for smaller developers and landowners, in return for a share of the revenue, share of profit or a management fee. Pioneered by branded builders like Tata Housing and Godrej Properties, this partnership model got a boost in the last two-three years due to the rising distressed projects in the real estate market.

While most states are in the process of notifying their guidelines as per the Real Estate (Regulations and Development) Act (RERA), the Maharashtra regulatory authority has specifically asked all partners involved in a project to be called co-promoters if revenues are shared between them. This move is likely to force developers to relook at the model because of the added regulatory risks, according to builders and consultants.

“There is going to be a lot more onerous responsibility on the DM developer which wasn’t the case earlier. This would slow down DM projects. Developers are not signing as quickly as earlier,” said Anuj Puri, chairman, ANAROCK Property Consultant.

He said due to the added legal implications, branded builders would be far cautious than in the past on entering such a partnership with local developers.

“Earlier if anything went wrong, the reputation of the brand would have taken a beating but legally they could walk away as they were only acting as a DM agent. Now they would be legally responsible under RERA because they are being termed as co-developers,” Puri said. However, the structuring of such an arrangement would change post RERA and roles between the partners would clearly be defined in the contract to avoid any legal problems in the future, he added.

Brotin Banerjee, managing director (MD) and chief executive officer (CEO) of Tata Housing, said the company would take fewer projects under this model in future because of the regulatory risks. “At least for the next six to 12 months, we have to be very careful. We are in a wait and watch period as other states are yet to come out. However, we are clear that in cities where they make us a co-promoter, we will not get into DM but rather for joint development or a joint venture with driving stake in it,” he said.

Until last year, the company was betting on the DM model to expand into micro-markets of large cities expecting about 25-30% of its future projects to come from such partnerships. At present, it has over two DM projects in Mumbai.

For Godrej Properties, the added clause of calling co-promoter under the Maharashtra RERA would not impact its development management business though it would be a major setback for fly-by-night operators which have relied on such partnerships to revive their stalled projects, said Mohit Malhotra, MD and CEO, Godrej Properties.

“Our first preferred model has always been profit sharing model even before RERA got implemented because of the inherent risk that exists in DM… While RERA has added legal liabilities to us as co-promoter, we have always been selective with whom we partner as our brand is attached to the project,” he said, adding that developers would now look at the risk part more substantially.

At present, the company has 12 ongoing and upcoming projects under the DM model, of which six are based out of Mumbai and the rest are located in Bengaluru and Noida.

Executives of other developers like Radius Developers and Wadhwa Group said development managers need to be more flexible and should have the capacity to become co-promoter or co-developer when entering into a DM agreement.

“The regulatory landscape has gone through a shift. We have to solve past issues associated with the project if there are any. So the overall risk has heightened and if you don’t comply to the regulation there are bigger implications,” said Ashish Shah, chief operating officer, Radius Developers.


Mobile data usage to touch 2.5 GB per user by 2022: Report

Mobile data usage to touch 2.5 GB per user by 2022: Report

NEW DELHI: Mobile datausage is expected to grow a moderate 12% annually and touch 2-2.5 GB per user in the five fiscals through 2022, and stabilise thereafter, Crisil Research said. Between fiscals 2012 and 2017, India’s mobile data usage per subscriber rocketed at 80% annually to around 1.25 GB per month on increasing adoption of 3G and 4G services, free data offered by Reliance Jio, and a sharp 40% fall in tariffs in the past fiscal alone.

Also Read: Reliance Jio’s 4G coverage to surpass 2G coverage by others in next 2 years: Mukesh Ambani

Given the operators’ quest for market leadership, the decline in mobile data prices could continue in the medium term as well, but at a slower pace. While not immediately but over the long run, data usage growth on mobile could stabilize for the operators, as Wi-Fi gains ground. “A comparison of trends across countries indicates higher data usage is strongly linked to higher speeds, whereas India’s current mobile data speeds on 4G are less than half that of say South Korea,” Crisil said.

The agency added that the advent of infrastructure linked to Wi-Fi can reduce costs and increase speeds significantly for a user, even as investments continue to gradually improve mobile network quality. It said that rapid expansion in Wi-Fi infrastructure will cause a shift in data traffic to fixed lines after
fiscal 2022, bringing “the Great Indian Mobile Data Story under a cloud.”

Crisil said that service levels of Indian mobile networks are not at par with international standards, coupled with poor Wi-Fi infrastructure. It said that India lacks in Wi-Fi hotspots, which is reflected in the time spent on surfing internet over Wi-Fi being a low 18% compared with 50% in the US.

“This puts enormous pressure on mobile networks, which carry the bulk of internet traffic. To be sure, the proportion of data traffic consumed on mobile is high in India, way above 6-7% globally. If one even looks at offload data proportion for mobile networks it stands at 60% globally indicating most large data markets offload large proportion of data to Wi-Fi (fixed line linked) networks. India needs to catch up significantly with close to 35,000 Wi- Fi hotspots,” Crisil added.

Mobile data subscriber penetration will reach 80% by 2022 from less than 40% now, which means telcos will have to increasingly sweat per-subscriber usage to bolster incremental revenues thereafter. Crisil also expects doubling of data subscribers to more than 900 million.

Videos contributes nearly 80% to total data traffic (direct and indirect) in India, according to telcos’ data reviewed by Crisil. The trend here is similar to China, where videos contribute 77%, though in some evolved markets such as South Korea, online gaming is also a large contributor.

Further, the video viewership is dominated by regional languages – nearly 60% in Hindi and some 35% in other regional languages. Evolution of content in regional languages will play a pivotal role as rural subscribers grow faster.

Also Read: Reliance Jio is not the giant to be afraid of, new and disruptive technology will be

Time spent by Indians is already in line with evolved markets. On average, Indian users are on their mobiles for 3 hours, bulk of it on social media and messaging apps. The usage is already in line with adult US mobile users who spend 3 hours and 20 minutes on non-voice mobile services. However, surveys indicate that US mobile users spend less than 30 minutes on social networking sites and 30 minutes on videos.

“Given that both time spent and content are around global levels, the quality of services would be critical to a rise in data usage going forward. However, a number of other factors can also deter mobile data usage from growing in line with past trends,” Crisil said.


12th Plan infrastructure investment projections revised

The 12th Plan (FY13-FY17) infrastructure investment projections have been revised to Rs 38.23 lakh crore, which is about 69% of the original plan projections of Rs 55,74,663 crore, largely due to huge shortfall in private investments. (Representative image)

The 12th Plan (FY13-FY17) infrastructure investment projections have been revised to Rs 38.23 lakh crore, which is about 69% of the original plan projections of Rs 55,74,663 crore, largely due to huge shortfall in private investments. “The revised projections of public investment (Centre & States) for the Twelfth Plan stands at 88% of the target (revised from Rs 28.91 lakh crore to Rs 25.41 lakh crore), while the revision in private investment is estimated at 48% of the target (revised from Rs 26.84 lakh crore to Rs 12.81 lakh crore),” noted the appraisal document of the Plan. The last two years of 12th Plan (FY16 and FY17) accounted for half of the infrastructure investment in the country between FY13 and FY17 as the Narendra Modi government’s initiatives in many sectors like electricity, roads, railways, ports and telecommunications, which were aimed at creating additional capacities and speed up project implementation. The revised investment during 12th Plan is still 1.6 times the investment of Rs 23.77 lakh crore achieved in the 11th Plan at current prices. The revised share of private investment in 12th Plan is projected at about 34% compared to 48% in the original projection and is less than the 37% achieved in the 11th Plan. As per the revised projections, infrastructure investment as a percentage of GDP for the 12th Plan as a whole would go down to 6.11% against the original projection of 8.18% and 7% achieved in the 11th Plan.


Tying the knot in style

Image result for Tying the knot in style

If you’re getting married soon, you might be glad of this shortcut to design your dream destination wedding – online marketplace and hospitality service Airbnb’s new list of impressive accommodation boasting great décor, functional space and fantastic views.


Among the recommendations is a Tropical Villa in an idyllic setting with eight bedrooms and a swimming pool. Located at Phuket’s the Loch Palm golf course in the pleasant Kathu Valley, this elegant compound has high ceilings, plenty of windows as well as an outdoor pool surrounded by teak sunbeds, where you and guests can party till the dawn.

Spread over 12 acres, Byron Bay’s 1910 Tooraloo Farm Estate in Australia is surrounded by a charming garden of citrus, vegetables and roses. This classic cabana area also has many park-inspired lawns and a tea house, ideal for a vintage wedding reception and a BBQ or cocktail party.

Located near Calangute in India, Blu Grass Holiday Villa boasts a Mediterranean design and a luxury but cosy atmosphere. There are seven bedrooms in different styles, a swimming pool and an open dining-cum-lounge setting where guests can enjoy a meal and chill around all night.


10 Small Business Trademark Mistakes that Cost You Money

Your small business trademarks have an untold amount of potential value. Who knew 10 or 20 years ago that the Google and Apple brands would be worth tens of billions of dollars each?

Every brand has to start somewhere, including yours. That’s why it’s critical to protect your brands with trademarks. If you don’t, you could not only lose the opportunity to profit from their future value but also, you could get into a lot of very expensive trouble.

Fortunately, all of that trouble is avoidable. All you have to do is properly clear and register your trademarks. But that’s exactly where many small businesses set themselves up for problems and begin making small business trademark mistakes.

Rather than investing the time and money to protect their businesses and brands the right way, they use free (i.e. do it yourself) or cheap (i.e. legal document services providers) methods to search the availability of their business and brand names as trademarks and to register those marks.

It’s a recipe for disaster that has created an entirely new type of legal services, do-over legal services. This is a vertical that should not exist simply because if people got the help they needed to do things correctly the first time, they’d avoid the problems that create the need.

With that in mind, I’m going to teach you about common small business trademark mistakes in an effort to stop some small businesses from making them.

These small business trademark mistakes could cost you money. And I’m not talking about a small amount of money. I’m talking about a massive amount of money.

Let’s put it this way, the $500 or $1,000 you save today by going the do-it-yourself or cheap route to search and register your business and brand names could cost you tens of thousands, hundreds of thousands, or even millions of dollars in the future.

I’ve seen too many businesses forced to close their doors because they’ve made one or more of these completely avoidable mistakes. Don’t be another victim. Educate yourself and avoid these common small business trademark mistakes:

1. You registered your trademark but didn’t secure your name in URLs or social media profiles.

Once someone else registers a domain or snags a social media profile using your trademark, it can be time-consuming and costly to stop them.

Imagine if they start publishing content using a domain or social media profile that matches your brand name. If that content is inappropriate or confuses consumers, you could lose business. Develop a domain name strategy now so you can avoid this problem!

2. You never trademarked your business name.

Just because you registered your business name so you could start operating in your state doesn’t mean that you own the trademark.

You still need to register your business name as a brand name with the U.S. Patent and Trademark Office (USPTO)! Learn the difference between a trade name and a trademark, so you don’t make this mistake.

3. Your business or brand name is descriptive.

The more descriptive your business or brand name is, the less likely you’ll be able to trademark it. In fact, you might not be able to trademark it at all!

Learn how to choose a strong name that you can trademark before you fall in love with it and invest time and money into promoting it.

4. You assumed that since you made up a word or logo that you own it and trademark registration is unnecessary.

Nope. Even if you make up a word, you still need to register it as a trademark to be able to fully protect it and enforce your rights to it.

Common law will be on your side, but you still have to register your trademark if you want to collect money damages and recoup lost profits in an infringement lawsuit.

5. You searched your name in the USPTO database or on an online search site and found no matches, so you assumed it’s available for you to use.

The USPTO database is just your first step in conducting a trademark search. For one thing, it doesn’t include potentially conflicting marks due to common law.

Furthermore, an online search using other free or cheap service providers will give you limited results. That’s because these search providers don’t conduct comprehensive trademark searches.

There is a huge difference between a comprehensive search and any other type of search you conduct yourself or pay someone else to conduct for you. If you do nothing else, invest in a comprehensive search before you start using your name in the marketplace!

6. You think because your business or brand name includes your personal name (first or last) that you don’t have to register it.

Business and brand names that include your first or last name are typically considered to be descriptive and can’t usually be trademarked (although it’s not impossible).

A descriptive trademark is not distinctive, which means it’s weak and difficult to protect. See #3.

7. You assumed that your trademark covers your use of your mark for everything and everywhere.

Not even close! Your trademark only covers your use of the mark for the goods and services specifically described in your trademark registration.

This is why it’s so important to work with an intellectual property attorney to write the goods and services description section of your trademark application! Using a generic classification of goods and services won’t give you the protection you need and is unlikely to scale effectively with your business.

8. You’re not using your mark as it was registered.

You can only protect your mark as it was registered, so you need to use it that way. You should use the trademark symbol to put others on notice that you registered the mark.

But that’s not the only reason you should use the trademark symbol! If you don’t use the symbol, it could be a lot more difficult to collect money damages or recover lost profits in an infringement lawsuit.

9. You’re not maintaining your trademark.

Did you know you could lose your trademark if you don’t maintain it? First, you need to continue using it in commerce or you could lose your rights to it.

Second, you have to renew and update your registration. Between the fifth and sixth year and between the ninth and tenth year after you register your mark, as well as every ten years thereafter, you have to file specific registration renewal documents or the USPTO could flag your trademark as abandoned and cancel it. That means someone else could register it. If you want to get your trademark back, you have to re-register your mark from scratch.

10. You’re not monitoring and enforcing your trademark.

If you’re not monitoring your mark for potential infringements (both online and offline) and responding to those infringements to enforce your mark, then you could lose your ability to protect it.

Develop a process to monitor use of your mark online by doing regular searches using the USPTO database, Google, and social media. If possible, invest in trademark monitoring with an intellectual property attorney or use a third-party watch service provider like Thompson CompuMark or Corsearch that has access to far more online and offline databases than free or cheap providers offer.


China Internet Giants in Joint $12B Investment

Image result for China Internet Giants in Joint $12B Investment

Alibaba Group (BABA) and Tencent Holdings are reportedly gearing up to join in an investment in China Unicom, the state-owned mobile carrier.

Two people with direct knowledge of the matter told Reuters the investment totals around $12 billion and is part of the government’s push to inject private capital into state-owned businesses. Reuters noted that last year Beijing added the wireless carrier to the list of government-backed entities that can get investments from private firms. Alibaba and Tencent, both of which are aiming to diversify beyond their core markets and are rivals in the world of ecommerce, are reportedly investing $10 billion in China United Network Communications, which is the Shanghai-listed unit of Unicom. Baidu is reportedly investing $1.48 billion while’s investment is pegged at $740 million, the sources told Reuters.

Room for Two More?

While the Reuters report names four potential investors for the Chinese mobile company Jefferies analyst Edison Lee doesn’t think there will be more than two backers. In a report in Barron’s, the analyst pointed out that Unicom has long stressed it wants investors that can realize synergies with it and help with operations. That is more important to the company than raising money, which is why Lee doesn’t think it will take on more than two investors. With multiple investors, argued the analyst, it could result in a loss of focus. The analyst also contended that some of the would-be investors could be investing in the mobile carrier in an effort to curry favor with the government. What’s more, a joint investment by Alibaba and Tencent—the two he said have the most ability to complete a transaction—may not be feasible because they are rivals. The analyst said a better investment pair would be and Tencent. (See also: Alibaba Continues Investment Spree With $1.25 Billion Investment in Food Delivery Platform

The push to invest in a mobile carrier in China comes at a time when all of the major tech players in the country are looking to diversify. Alibaba has been branching out into different areas via big investments in all sorts of companies and regions. Just last week, the Economic Times reported Alibaba is eyeing the online grocery market in India, which is set to explode, reportedly holding talks to acquire a large minority stake in BigBasket, the largest online grocer in the country. Citing a person familiar with the developments, The ET reported China’s leading ecommerce player is joining Paytm Mall, the Indian shopping app, to make a $200 million investment in the food-focused etailer​, giving it a valuation of close to $900 million. BigBasket operates in roughly 25 cities in India and was the subject of a Bloomberg report last month that Inc. (AMZN Inc

) was in talks to acquire the company. The valuation after the $200 million investment would be in line with what the company was looking for and is double its value when it raised funding in March 2016, noted the ET. The two companies have already started due diligence on BigBasket, reported ET. It has also set its sights in Southeast Asia and recently launched an initiative to help U.S. small business owners sell their products in China.

Jio Phone Confirmed to Come in at Least Two Variants

Jio Phone Confirmed to Come in at Least Two Variants


  • Qualcomm 205 was launched back in March this year
  • Spreadtrum 9820 SoC earlier powered Lava 4G Connect M1
  • Jio Phone was launched on Friday

Though the Jio Phone has been launched, a lot of questions remain about the handset’s specifications as Reliance Jio focussed on the features it had to offer rather than the hardware poering it. Nonetheless, it has now been confirmed there will be at least two Jio Phone variants when the Jio-branded feature phone hits the market. Chipmakers Qualcomm and Spreadtrum have tweeted they have partnered with Jio over the first handset with its own branding; both were said to be in talks with the company when leaks about the device first broke out.

ALSO SEEJio Phone to Bring New Era of Innovation for Feature Phones: Analysts

In a tweet posted on Friday, Qualcomm India said, “Glad to partner with @reliancejio on the new #JioPhone, powered by our #205 mobile platform.” To recall, the mobile chip-maker launched its Qualcomm 205 processor back in March and clearly expressed that it was targeted towards feature phones, and comes with LTE support – including 4G VoLTE.

The Qualcomm 205 powering the Jio Phone comes with dual-core CPU clocked at 1.1GHz and support LTE Cat. 4 modem with up to 150Mbps download and 50Mbps upload speeds. At the time of its launch, we reported that it is designed to support micro-enterprises, consumers, and others, to communicate using advanced LTE data services such as Voice over LTE (VoLTE) and Voice over Wi-Fi (VoWi-Fi) in a budget-friendly manner.

ALSO SEEJio Phone Booking Registration Process, Launch Date, Price, and All Other Questions Answered

Separately, Spreadtrum has announced that it has also partnered with Reliance Jio for the Jio Phone, indicating that some of the units of the phone will be powered by its chips. Previously, the company’s Spreadtrum SP9820A processor powered the Lava 4G Connect M1 feature phone, but it’s not clear if that’s the chip inside the JioPhone as well.

ALSO SEEJio Phone Launch in Pictures

Jio Phone specifications

In terms of specifications that were confirmed at the launch last week, we know that the JioPhone will come with an alphanumeric keypad, 2.4-inch display with QVGA display, microSD card slot, torchlight, FM radio. The phone features a digital voice assistant, support for 22 Indian languages, and a panic button as well. Rumours before the handset’s launch suggested it will also have dual SIM functionality, 2-megapixel rear camera, VGA front camera, FM radio, and Bluetooth connectivity. The JioPhone has been tipped to come with a 4GB of internal storage, and 512MB of RAM.

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Jio Phone

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