Commercial deals worth $13.7 billion were announced on Friday after PM modi endend his second day of his maidin tour of the United Kingdom.Focusing towards a healthy financial collabration both PM modi and British PM David Cameron discussed possible partnership of both the countried in education , health and skill development . PM Modi’s pet projects like Skill India and Make in India were the prime focus in the meeting between both the head of States.
Investment by big enterprises like OPG Power Ventures ($4350 million) , King’s College Hospital ($150 million) . Lightsource ($300 million) were the highlights of the deals done under FDI .Investment by Indian Companies like India Bulls ($100 million) and TVS ($30 million) were also discussed .
The world’s biggest aviation group American airlines issued a statement stating that they are delaying all flights inbound to Paris following the brutual attack in the city.”Currently Charles de Gaulle International Airport is open, however, we are holding our remaining departures this evening to Paris until we have additional information,” American Airlines spokesman Joshua Freed said in a statement relased on Saturday.
Among other groups , United Continental holding said that all its scheduled flights from hubs in Chicago , Newark and Washington Dc will depart as per the schedule.Delta Air spokesman also confirmed that there will be no change in the current schedule of flights from and to Paris.
French foreign ministry said that all the all airport in Paris will remain open while Eurostar confirmed that the trains across Europe will operate as per the schedule.
After two and a half years , auto industry in India have shown a positive outlook in recent times.The industry has shown a healthy 6.83 % growth with total of 36,415 LCVs sold this October. Medium and heavy commercial vehicles also showed growth with 23.97 % overall growth as compared to the total sales reported last year in this period.
The boost in economy lead by positive outlook from foreign investors , improment in infrastructure and extended replacement buying were said to be the reason for this positive trend.Overall sale of commercial vehicle increased by 12.73% in october while an overall increase of 8.02% was seen in first seven months of the year.
According to Vishnu Mathur , director genral of Society of Indian Automobile Manufacturers (SIAM) “Sales of commercial vehicles are reflecting a revival in the economy. We see demand for the light commercial vehicles coming back. We expect commercial vehicle segment to scale peak level by first half of next year.”
The commercial vehicle has shown a good response to PM Modi’s economic reforms with more than 90000 units sold .Abdul Majeed, partner, PricewaterhouseCoopers, explained, “Heavy and medium commercial vehicles sales are rising due to the replacement demand as well as hope of revival in the overall economy. Even the freight demand is reflecting an upward trend while LCV sales will also gradually pick up in next quarters. There are many favourable indicators to propel growth in the automotive sector such as low interest rates, pent up demand across the segment, low fuel prices etc.”
“An improvement in liquidity in financial market also lead to the growth in the tall ” said Sugato Sen (DDG SIAM).He also added that “Transport companies were burdened by bad debt. Particularly in LCVs, finance was a bottleneck. Now with money coming in, sales are picking up. It has been nearly two years since the LCV segment has shown some growth. Things should improve from here”.
With construction work set to take the full swing in coming months the increase in commercial sale was expected.There will be healthy demand of commercial vehicle in the coming months but the trend would decrease after the festive cycle.
Mr Majeed added ,“After the festive season, the demand might not be sustainable especially due to low off-take in the rural economy as result of drought situation in the major states and also because overall investments cycle has not picked up in the economy to support job creation and growth in the economy. If overdue reforms are accelerated both the Indian economy in general and auto sector in particular will grow significantly,”.
England’s national carrier British airways was slammed for their “Don’t care attitude” by none other than the cricket legend Sachin Tendulkar. The cricketer who is currently on US tour for the Cricket All Stars event vented his anger on the social media platform twitter.
Angry Disappointed and Frustrated.. #BAdserviceBA Family member’s Waitlisted ticket not confirmed despite seats being available (1/2),” Tendulkar tweeted.
“And luggage being tagged by @British_Airways to wrong destination and don’t care attitude! #NeveronBA (2/2),” the global cricket icon stated
British airways rubbed salt to the wounds by replying “@sachin_rt We’re sorry to hear this Sachin, could you please DM us your baggage ref, full name and address so we can look into this for you?.”
Social media giant Facebook launched a check in feature to let people know that their frinds and family are safe in Paris.The “Paris Terror Attack” check in feature let users in France update their status stating that they are absolutely fine .“Quickly find and connect with friends in the area,” a message at the Facebook Safety Check page read. “Mark them safe if you know they’re OK.”
The feature also allow people to check whether their friends as safe and sound in Paris and are not in any kind of harm.This is one of the many feature that facebook introduced in last few years in case of any natural or human induced calamity . The same feature was used by people to check in whether they are fine or not when the Nepal earthquake took place earlier this year.
Volkwagon,the German car maker currently under lot of fire has decided to go for a digital transformaton.The company has roped in former Apple Director of Engineering , MAC project , Johann Jungwirth to provide digital edge to company.Johann previously worked for Mercedes-Benz as their CEO of the research wing.He spearheaded many projects there including the autonomous car and connected car project.Johann Jungwirt was with apple only for a year and has held half a dozen position in various technology positions in the Industry.
He was also believed to be working on the highly secret Project Titan, which was touted to be the Apple car project once favourite of the esteemed CEO Steve Jobs.
China’s Ecommerce giant Alibaba reported a bumper Chinese singles day by selling goods worth $14.3 billion in 24 hours. The company broke its last year’s $9.7 billion record. The top product sold on the platform were mobiles phones (62.6 billion yuan) which contributed 70% to the total revenue of the company. The research and analysis company Forrester said in a statement that Chinese consumers are accustomed to buying smart phones online over 76% of their customers were from metropolitin cities. The other items that stole the show were baby related products , Nike sneakers and Levis jeans.
In a statement from Chinese smart phone manufacturing comapany Xiaomi , it sold smart phones worth 1.25 billion yuan on the day across both the platforms Alibaba and JD.com.Xiomi made a spectacular 100 million yuan in sales before the midnight
Single day Overseas
Alibaba has clainmed that it has customer buying its products from the overseas markets as well. Many other retailers in other countries also made moolah on the singles day by selling products to Chinese and other communities living in their respective countries.
After paying $13 million in lawsuit for sending too many emails , Linkedin has decided to trim and improve its communication through emails . Its has planned to build a new tool named Air Traffic Controller or popularly known as ATC. The ATC is designed to serve its users only relevant and specific information in emails. Since paying for the lawsuit in July this year , Linkedin has trim down the number of email it send to its users to 50%. With the introduction of this new tool , “ATC”, Linkedin promises to reduce it further.
The tool will be used to send customized and curated information to users in the form of SMS, Email and other user communication mediums.The Algorith designed for the tool will accumulate information as to how and when the user interact with the platform and then send subsequent email to users. In the recent blog post from Linkedin ,the company has promised to improve the quality and quantity of the emails it send to its users.
“We realize that a one-size-fits-all method doesn’t work. We want to give you emails and notifications based on what your prefer, not what’s best for us,” said Erica Lockheimer, LinkedIn’s director of engineering growth, in ATC’s announcement blog.
Dubai’s star airline Emirates reconfigured one of its Airbus A380 passenger aircraft to accomodate 615 passengers .The airliner made room for additional 130 passengers in economy class by removing the spacious first class cabin .The aircraft was unvieled in Dubai airshow this week . The move is aimed to provide more legroom to passengers in economy cabin while maintaining the luxurious business class elegance . The seat pitch (the space between the back of one seat and the back of the seat behind it ) will remain between 32-34 inches while the width will be lesser than 17 inches. Emirates currently have two ifferent configuration of aircraft , one has the seating capacity of 489 passengers while the other one has the seating capacity of 517 passengers .
The airline will use the newly configured aircraft for Dubai – Copenhagen route and plans to start the service from 1st of December 2015 .The average flight time between the destination is seven hours while the economy one way ticket cost around $540 .
Since the launch of Airbus A380 in 2008 , Emirates is one of the very few airlines which have used the aircraft extensively by carrying almost 48 million passengers.
India’s popular startups OLA and Urban Clap have joined hands in order to make the life of their customers easier . In a recent development , users can use the exclusive chefs registered with urban clap . These chefs would prepare exclusive gourment meals for OLA customers at prices as low as Rs200 . Upto 14 friends can be invited for this meal party .The scheme is only available in Delhi NCR and will be availble for registered OLA customers . According to Deep Singh , head of business OLA , “Diwali is a festival of joy, family and friends getting together and of course, great food. With a top-chef on-demand and a chance to win gold coins, we intend to add to the cheer and excitement of our customers. We are delighted that we can be an integral part of their celebrations, this festive season. We wish all our customers a very Happy Diwali!”
Abhiraj Bhal, Co-Founder, UrbanClap said “An exciting new service for our discerning customers wherein they can have a gourmet meal cooked in their homes during the festivities. UrbanClap Chefs brought to the doorstep of our discerning customers by Ola Cabs will make home festivities easier, convenient and a lot more enjoyable!”