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Hyundai’s first electric car is ready to tap the Indian market. This car’s name is Kona and will be in the crossover category. Its production model was unveiled at the 2018 Geneva Motor Show, while at 2018 Indian Auto Expo, its concept version was introduced. In India, the Kona Electric Car is anticipated to arrive in India in 2019. The car is equipped with such efficiency that it can travel up to 300 kilometers with a full charge.
There will be a 39.5 kW lithium-ion battery installed. This car can vroom from 0 to 100 kilometers per hour with the time span of 9.3 Seconds. Its top speed will be 167 Kilometers per hour.
It will take 6 hours for the battery to be fully charged. However, with the rapid charging technology 80% battery can be charged within an hour. The company will introduce the car in a fully assembled form an estimated cost of the vehicle in India will be 25 Lakh. Moreover, the international version of Kona will be equipped with a 64Kw battery. This enhances the power factor of the electric car up to 211 PS with a range of 470 km.
This car has 17 Inch alloy wheels. Along with this, aerodynamically designed bumpers and spoilers are also installed. It has an all-digital instrument cluster, head-up display, and a 7-inch touchscreen input system. In terms of security, this car has features such as adaptive cruise control, lane keep assist, rear cross traffic alert and automatic emergency braking.
The car post-launch in India won’t have a direct competitor in the electric car segment. However, in terms of price, it will compete with its Jeep Compass, the upcoming new Honda CR-V, Volkswagen Tiguan and others.
After launch, Hyundai Kona will be a sole electric car with such efficient characteristics.
After the controversy surfaced, the company’s shares fell 14% this week. Meanwhile, Mozilla, Commerzbank, Tesla, and many major companies, including SpaceX, have also taken the edge of Facebook right now.
Elon Musk, a chief executive officer (CEO) of companies such as Tesla and SpaceX, has shut down the Facebook page of its companies after a sharp debate on Twitter. After this, the pages of SpaceX and Tesla are not visible on Facebook. However, both companies have not commented on this.
Mozilla, a creator of the Firefox web browser, wrote on Wednesday on the blog, “We are currently making a distance from Facebook.” Mozilla has not removed his Facebook page right now. Germany’s Commerzbank has also said that it is currently blocking Facebook advertising and is evaluating the safety of the information.
Facebook has dismissed the doubts of the impact on the business. “We have talked with companies this week, most of them have expressed happiness with the steps taken by us to protect the information related to the people,” he said in a statement. They are sure that we will respond better to these challenges and become good partners,” said company officials.
Meanwhile, according to reports from AFP received from London, British regulators have started searching for the offices of Cambridge Analytica, a company involved in the dispute. About 18 officials of the Information Commissioner Elizabeth Denham’s officials searched the London headquarters of Cambridge Analytica. Denham’s office told on Twitter that the High Court has given approval for the raid on the company’s office.
In India, China has become identical for cheap goods. After tapping the Indian market with cheap toys, phones and electric products, the eyes of Chinese companies are now on the automobile sector.
In the past, Chinese auto maker SAIC Motor said it would invest Rs 5,000 Crore to set up its presence in the country by 2025. It will present the Morris Garages (MG) brand in India in 2019 in India. This is a British brand acquired by SAIC, a decade ago, from the Chinese firm Nanjing Automobile.
The Chinese automobile market is sluggish. According to the report, the China Association of Automobile Manufacturers estimates that the sales growth of vehicles in China this year will be 3% as of 2017. It was 13.7% in 2016.
Indian passenger vehicle market is rapidly growing at 9% in 2016–17 and it is anticipated to become world’s third largest car market by 2020. This is the reason that Chinese auto maker companies are looking towards India. In 2016–17, FDI of $27.8 Million from China came to India and 60% of it was in the automobile sector.
However, like the toys and smartphone makers, the Indian market will not be easy for auto companies. After reliability, quality and after-sales service car is important for buyers. It is not easy to make space for Chinese companies with Maruti’s influence on the Indian market. However, Chinese companies cannot be taken casually too. Many Chinese auto makers have taken a stake in Global Auto Brands, who have significant presence in India.
India is focusing on electric cars and it will open a new road for Chinese companies. Chinese companies have mastered this technology; China has become the largest market for electric vehicles.
After being caught in the ball-tampering dispute, Australian captain Steve Smith and Vice-captain David Warner have resigned from their post. In the final Test match played in South Africa, Tim Paine has been given the command of the team. Cricket Australia has given this information by tweeting. Tim Paine appears to be in the role of captaincy in this match after Smith and Warner have quit their post with immediate effect.
After this latest controversy of ball-tampering emerged, Smith made this statement in the media that it was part of the game plan of his team and included the Team Leadership Group (senior player of strategy team). Since then, this incident was being condemned around. On this incident, Australia’s Prime Minister Malcolm Turnbull described it as “shameful”.
After this, Cricket Australia and Australian Sports Commission (ASC) showed seriousness on the matter. ASC had instructed Cricket Australia to remove Smith from the captaincy and take action against those players and coaching staff, who are involved in this incident.
On the third day of the match being played in Cape Town against South Africa, Australian team player Cameron Bancroft was seen tampering with the ball. After this Steve Smith and Bancroft had told the media that this was their team’s game plan, in which the other senior team members were included.
Smith said that our team was lagging behind in this important match and our bowlers were not getting any help from the ball. In such a situation, we made plans in the lunch session; why not make some tampering with the ball so that our bowlers can get help in reverse swing. After this Steve Smith and team, Australia was being severely criticized.
The incident of ball tempering isn’t new in the cricket but the method of doing it was something novel to see.
March 12th, 2018
On Wednesday, India and Pakistan as a joint committee agreed on a humanitarian ground proposal to release prisoners specifically women with more than 70 years of age and “Resumption of Visits” in both the states.
Sushma Swaraj, the external affairs minister, noting on the issue mentions that in October prior to this year had suggested the High Commissioner of Pakistan the 2 sides of the world, i.e. India and Pakistan should progressively work on the humanitarian problems specifically related to women, elderly, mentally abnormal prisoners and children. She further mentioned that Pakistan had positively responded to the suggestion of the minister in their recent move.
In the statement of the ministry, Sushma Swaraj had advised to work on the repatriation and release prisoners in both the sides, specifically the age group of 70 years of women. Further, the statement mentioned that to meet the mentally abnormal prisoners will be given an opportunity to meet the team of medical professionals for ensuring their repatriation process.
The statement further mentioned that the joint judicial committee will be resumed again on the approval from the government of both the sides that will look into the matter of the custody in both the countries of prisoners and fishermen. In October 2013, the last visit of Joint Judicial Committee to India was conducted.
The officers from both the countries will precisely analyze the understanding on the issues related to humanitarian and conclude the necessary actions to implement. Mohammad Faisal, the spokesman of Pakistan Foreign Office in Islamabad stated earlier that Khawaja Asif, the Foreign Minister had approved the proposal from the Indian side regarding the humanitarian issue after consulting all the stakeholders.
The foreign office further claims that the Foreign Minister has further stretched two more proposals on humanitarian grounds, of which the first one states the exchange of child prisoners that are below 18 years and the second states the exchange of prisoners that are above 60 years. It further stated that proposal from Pakistan will receive the positive response from India.
The EPE (Eastern Peripheral Expressway) and the NH 24 (Delhi – Ghaziabad stretch) will be inaugurated in a mega event as planned by the ministry of the highway. Nitin Gadkari, the Highways Minister stated that Prime Minister will ride an open vehicle on the NH 24 highway that will be hosted as a major roadshow on Wednesday.
Nitin Gadkari further stated that during this government, these 2 projects have got materialized and will be a great deal for Delhi as it will help in reducing the traffic chuck on the roads of the national capital. He further added that they will request the Prime Minister for taking a ride on both The EPE (Eastern Peripheral Expressway) and the NH 24 (Delhi – Ghaziabad stretch) as part of the major road show. He further mentions in a media interaction that they have evaluated specific time for laying the foundation stone for “Dwarka Expressway” and for the inauguration of both the stretches.
As per the sources, after the Prime Minister, Narendra Modi coming to power and laying the foundation stone for these two projects have managed to gain significance, completion, and delivery of the project on time. The sources further mention that the official deadline announced for the completion of the project is achieved much earlier for the project of Delhi – Ghaziabad stretch, i.e. NH 24. Even the construction of The EPE (Eastern Peripheral Expressway is completed on-time in spite of the framer’s protests for land possession issue.
Although the Eastern Peripheral Expressway work was intended for the 2006 year the work only started after the government of NDA came into authority. The project was awarded by NHAI (National Highways Authority of India) for faster completion of the project only after the government funding. An official mentioned that the entire stretch of EPE would have been completed in 500 days if there was no protest from the farmers. The commuters traveling using the stretch will have to pay while making this toll road the first in India to pay for travel.
Singapore Telecommunication Limited (Singtel) is planning to increase its stake in Bharti Airtel, the country’s largest telecom company. For this, it will invest Rs 2,649 Crore in Bharti Telecom Limited, Bharti Airtel’s holding company. This stake will be increased through a preferential issue. Bharti Airtel will use the proceeds to reduce the debt.
Singtel said, “Around 8.55 Million new equity shares will be allotted to Bharti Telecom at a price of Rs 310 per equity share of Singtel International Investments.” Singtel said that this transaction is expected to be completed by March and for this the permission of the shareholders of Bharti Telecom will be necessary. Bharti Telecom is an unlisted company at present.
Bharti Airtel has been facing financial difficulties due to reduction of tariffs to hit Reliance Jio Infocom, who entered the Telecom market some time ago. The company said that it would use the funds from Singtel to reduce the debt. At the end of December 2017, Bharti Airtel had a consolidated debt of Rs 91,714 Crore.
With this investment, Singtel’s stake in Bharti Telecom is expected to boost from 47.17% to 48.90%. Bharti Enterprises’ holding in Sunil Mittal’s company is 50.1%.
As a result, Singtel’s stake in Bharti Airtel will increase 0.9% to 39.5%.This investment of Singtel is being seen as a trustworthy partner for its long term in Bharti Airtel.
Singtel CEO Arthur Lang said, “There is confusion in India, but we have a long-term perspective on our investments in Airtel and there is a strong position as Airtel’s market leader.”
Deven Khanna, Managing Director, Bharti Telecom, said it is the trust of Singtel’s in Airtel and the rising remunerative Indian Telecom Sector is the indication of attraction. Singtel had invested in Bharti Telecom’s rights issue of Rs 2,500 Crore two years ago.
Bharti Airtel’s revenues and profits have been affected due to the price reduction started since Reliance Jio Infocom’s introduction in September 2016. This has also started consolidation in the telecom market of the country.
Idea Cellular, the second largest telecom company in the country, is in the process of merging its business, while Bharti Airtel has bought consumer mobile business of Telenor India and Tata Teleservices.
Anil Ambani’s company Reliance Communications has closed its telecom business. Jio presently has acquired a dominating position in the Indian telecom market with its devastating strategy and affordable plans.
Tata Motors reported a consolidated net profit more than ten times during the December quarter. Besides the volume of the standalone business of Tata Motors, the efforts made to improve the profits have contributed a lot. However, Tata Motor’s performance was lower than market estimates due to the fading of the December 2017 quarter for Jaguar Land Rover Business.
For the three consecutive months from October to December 2017, the company’s consolidated net profit is Rs 1215 Crore. It is known that the turnaround strategy of the company created for Indian business has started benefitting and cost is being controlled. This strategy was implemented in August last year to improve the company’s passenger vehicles business and to regain market leader position in the commercial vehicles segment in India. However, during the December quarter, net profits were lower than estimates. It has been assume that the company would have a net profit of Rs 2500 Crore. This drop appears due to the low profitability in the Jaguar Land Rover business.
Good growth has been recorded in every segment of the portfolio. Sales of passenger vehicles increased by 22% During the December quarter, the company’s earnings increased by 59% to Rs. 16102 Crore. At the same time, the profit before tax was Rs. 201 Crore. During the December quarter of the year, the company had filed a loss of Rs 1032 Crore before repaying the tax.
Tata Motors Chief Executive Officer and Managing Director Guenter Butschek said in a release, “The turnaround strategy is getting the benefit. This is seeing market share in the very tough competition market, with the launch of new products and keeping in mind the customer, profits figures seems to be profits better than the steps taken. “
Although in Jaguar Land Rover Business, the sales figures remain flat in the main parts of Britain, America and Europe. And this is result of reduced margins by investing in new products, technology and capacities. JLR CEO Ralf Speth said that this British unit of Tata Motors is about to launch its first electric car shortly and “It is expected that performance will be good in the fourth quarter on the basis of seasonal effects ,new models, and improved profitability.”
Consolidated level, the finance cost has increased from Rs 377 Crore in the first quarter of the year to Rs 1247 Crore. This is due to more borrowing of both Tata Motors and JLR. Net debt of the company is Rs 47,777 Crore, which was Rs 27485 Crore at the end of March 2017. This is also due to increase in investment in JLR.
SpaceX counted down to the first ever roll out of the Falcon Heavy, the most powerful rocket in the world in process, which might one day transport resources to the Mars or the Moon. Laden with red Tesla roadster of CEO Elon Musk, a dummy in a spacesuit, and a playlist having “Space Oddity” of David Bowie, the maiden voyage of the monster rocket has captured the imagination of the world.
Will it travel deep into the space, conveying an Earth-manufactured car around the Sun into a distant orbit? Or will it blow up on the launch pad? Musk himself has put the chances of failure or success at no more than 50-50. “It is certain to be thrilling, by hook or by crook,” the 46-year-old peculiar wealthy and space visionary entrepreneur claimed to the media in an interview this week ahead of the launch.
“I might think it a win if it just takes off the pad and does not explode the launch pad to pieces,” he claimed. “I mean, that is equivalent to 4 Million Pounds of TNT.” If victorious, it might stand out to NASA, the U.S. space agency, as a mean to fast-track its aims to go to the Moon one more time since 1972 for the first time. And even if it is unsuccessful, experts claim that the roll out will be a triumph for the California-located firm, which is fast turning out to be a major in the worldwide space market.
Specifications Falcon Heavy
“When the Falcon Heavy takes off from the similar launch pad of NASA that was the base for the Moon missions in the Apollo era of the 1970s as well as 1960s, it will be the most influential equipped rocket by a factor of two in the world,” SpaceX claimed to the media in an interview. That indicates it can carry 2x the goods of Delta IV Heavy of United Launch Alliance, at a far low price. This cost can be almost $90 Million for every launch, which is less in comparison to $350 Million for its rival.
But the Falcon Heavy is not the most influential shuttle ever. But it is indeed the largest in working in this era. The Saturn V shuttle that took astronauts to the Moon can transport additional payload in the space. The Energia of the Soviet era that flew 2 times in 1988 as well as 1987 was also more dominant.