iWorld
RCom replenishes bank guarantees of Rs 774 cr with DoT
MUMBAI: Four weeks ahead of telecom tribunal’s deadline, Reliance Communications (RCom) and its subsidiaries have reinstated bank guarantees (BGs) aggregating Rs 774 crore with the Department of Telecommunications (DoT) while the deadline was of 10 September.
The issue stems from the time when DoT issued two show-cause notices to RCom. DoT threatened to cancel its licences in 14 circles and revoke spectrum allotted in 2013 and 2015. The latest move has ensured the non-cancellation of license and spectrum. Following the reinstating, the RCom stock was up 2.3 per cent at Rs 19.94 on the BSE at midday trade Monday.
“RCom and its subsidiary, Reliance Telecom Ltd, have today reinstated bank guarantees aggregating Rs 774 crore with the Department of Telecommunications (DoT), four weeks ahead of the last date of10 Sep 2018 as granted by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT),” said the telco in a regulatory filing on Monday.
“The reinstatement of the BGs ensures that RCom’s licence and spectrum value of Rs 11,300 crore stands fully protected, and RCom is fully compliant with the guidelines of NIA 2013 and NIA 2015,” the telco added.
Earlier RCom moved TDSAT against DoT’s notices and told the tribunal in prior hearings that cancelling licences would push the telco back into insolvency as it would not be able to complete deal with Jio. However, RCom expects to raise Rs 18,000 crore from the deal with Jio.
e-commerce
ITC Sunfeast, Zepto host mango-themed experiential ‘Paglu Party’
Event blends Alphonso desserts, DIY sessions and interactive formats
MUMBAI: When mango season peaks, some savour it others go full ‘paglu’. ITC Sunfeast Baked Creations, in collaboration with Zepto, turned summer indulgence into an immersive brand experience with its ‘Mango Paglu Party’, a high-energy, mango-themed event designed to blur the line between dessert and discovery. Built around the brand’s ‘Mad Over Mangoes’ universe, the space leaned into a sensory overload bright, playful and unapologetically mango-drenched. From curated installations to social-first corners, every element was designed to be as shareable as it was experiential.
At the centre of the celebration was the fruit itself, elevated into a menu crafted using fresh, carbide-free Alphonso mangoes sourced by Zepto. The spread ranged from a flaky Mango Pista Kouign Aman to Mango Coconut Serradura Pudding and a Mango Mascarpone Cake, balancing indulgence with seasonal freshness.
But this was not a passive tasting affair. Guests were drawn into the experience through interactive formats, including a DIY dessert session led by the brand’s chef, where attendees created classics like Mango Tres Leches. Zepto chief business officer Chandan Mehndiratta also joined the session, adding a touch of brand personality to the proceedings.
A quirky highlight came in the form of the ‘Aam Paglu Prescription’, a playful, doctor-themed concept that positioned mango indulgence as the only “treatment” worth taking, turning a simple insight into a memorable activation.
The event built up to a theatrical finale, with the crowning of the ‘Aam Paglu of the Day’ followed by the cutting of an oversized mango-shaped Mango Mascarpone Cake, closing the experience on a high note.
More than just a seasonal showcase, the Mango Paglu Party reflects a broader shift in brand storytelling, where products are no longer just consumed, but experienced. For ITC Sunfeast Baked Creations and Zepto, mango season was not just about flavour, it was about creating a moment that audiences could step into, engage with and, quite literally, devour.
