MOTOROLA launched MOTO 360 with stainless steel bands at 19999Rs:

specifications:

 smartwatch has 1.5-inch touchscreen display with 320 x 290 resolution

Corning Gorilla Glass

TI OMAP 3 SoC, 512MB RAM 

4GB internal storage.

It has pedometer, optical heart rate monitor and has IP67 rating for water resistance. It has a 320 mAh battery and can be charged wirelessly just by placing it on the dock.