Connect with us

Business

U.S. Stocks Poised to Open Higher on Monday

Published

on

Text size

This Article was first live here.

Business

Addressing the horse in the room: 5,000 Swiggy Money for identifying viral delivery boy on the horse

Published

on

Taking note of the viral video of a Swiggy delivery boy riding a horse in Mumbai rains, a food delivery unicorn has announced 5,000 Swiggy Money for the first person who shares useful information about the delivery person.

Along with the bounty amount, the company has also changed the order tracking icon to a delivery boy on a horse as a tribute. This has attracted some warranted attention from netizens who have been posting the screenshots on social media.

“It has come to our notice that a recent amateur video of an unknown person carrying our monogrammed delivery bag sitting quite confidently on a living white horse (not a statue), has propelled us to unexpected but not unappreciated fame,” the company said in a note. 

Swiggy added that while it would like to take some credit for the “man’s ingenious plan and vehicle of choice”, it cannot because the company has also not been able to locate this delivery person. “Just to be clear, in the pursuit of more eco-friendly delivery practices, we have not replaced our usual delivery vehicles with horses, mules, donkeys, camels, elephants, unicorns…” Swiggy added.

Here’s the video that Swiggy is referring to:

Published on

July 06, 2022

This Article was first live here.

Continue Reading

Business

Xiaomi to bring back Redmi K-series after long hiatus; Redmi K50i India launch confirmed for July 22

Published

on

Xiaomi is set to launch its first Redmi K-series phone in three years, aka Redmi K50i, in India on July 22. The last phones to launch under the line-up, the Redmi K20 and K20 Pro, had come around in 2019. So, you can say the Redmi K50i has been a long time coming.

The design of the phone has been revealed, to kick off the hype, and we’re expecting Xiaomi to drop more details in the coming days.

Some online reports suggest the Redmi K50i would be a rebranded Redmi Note 11T Pro+. Some are claiming it to be a rebranded Redmi Note 11T Pro. Regardless, both these phones are very similar in looks and core hardware, the only differences coming by way of battery capacity and fats charging speed. While the Redmi Note 11T Pro+ has a 4,400mAh battery with 120W fast charging, the Redmi Note 11T Pro gets a 5,080mAh battery with 67W fast charging.

The rest of the specs include a 6.6-inch 1080p LCD display with a fast 144Hz refresh rate, MediaTek’s Dimensity 8100 chip, 64MP triple rear and 16MP front cameras, and official IP53 rating.

The design of the Redmi K50i bears a stark resemblance to the Redmi Note 11T Pro/Pro+ phones and unless Xiaomi makes any drastic changes to the internal hardware, the phone coming to India should be more or less on similar lines. But we’ll see.

Xiaomi had launched the Redmi K20 and K20 Pro phones in India in July 2019 with high-end specs and attractive prices, though their pricing had also become a bone of contention because it was the first time the “Redmi” had breached the Rs 20,000 price bracket. The then Xiaomi India head, Manu Kumar Jain, had famously penned an open letter for fans justifying the reasoning behind the pricing and also simultaneously announced that the Redmi K20 and K20 Pro phones won’t show any ads like other Redmi phones.

It would be interesting to see how things pan out for the upcoming Redmi K50i. Stay tuned for more.

This Article was first live here.

Continue Reading

Business

Bajaj Auto looks to sell Chetak from 75 locations in current fiscal

Published

on

Witnessing a robust demand for its electric scooter Chetak, Bajaj Auto plans to scale up the sales infrastructure for the model to 75 locations across the country in the current fiscal.

The Pune-based firm had brought back its iconic Chetak scooter in electric avatar in October 2019.

“Seeing the enthusiastic demand for this iconic model, the company has increased the touchpoints to 20 locations in FY 2022. This is expected to grow to 75 in FY 2023,” the company said in its Annual Report for 2021-22.

Initially, Chetak was sold from only two locations, Pune and Bengaluru. The company noted that when bookings for the model were first rolled out in early 2020, it had to be stopped on account of COVID.

“When we restarted online bookings on April 13, 2021, we had to stop 48 hours later, owing to overwhelming demand,” it noted.

During the last fiscal, the company said it has sold 8,187 units of the e-scooter.

“We are committed to the development of Electric Vehicles (EVs). Chetak is the first example. The setting up of Chetak Technology Ltd as a fully owned subsidiary of Bajaj Auto will aid in the research, development, production and sale of EVs,” the company stated.

These are the vehicles of tomorrow and we want to be an active player in this space, Bajaj Auto informed shareholders.

Elaborating on the chip shortage issue, Bajaj Auto Chairman Niraj Bajaj said the issue is expected to impact the company’s production volume.

“There is no doubt in my mind ? nor should it be in yours ? that Bajaj Auto has a complete suite of profitable two-and three-wheelers that can significantly increase the domestic and international market share and earn higher sales, revenues and profits.

“However, in all my years as a fiduciary of your company, I have never seen it face such a global supply constraint that it has in terms of the sheer scarcity of semiconductors,” he said.

See Zee Business Live TV Streaming Below:

No modern automobile can exist without a slew of semiconductor chips. Motorcycles and top-of-the-line EVs like the Chetak are no exceptions, Bajaj said.

“It is difficult to predict when this supply scarcity will end. But till then, this will constrain your company’s production volumes, as it will for all other automobile manufacturers,” Bajaj stated.

All advanced technology components like the ABS system, FI systems, advanced displays like Thin Film Transistors (TFT), telematics and critical sensors have been affected due to the chip shortage, the company said.

R&D is working hard to create alternate configurations and homologating these as soon as possible, it added.

Bajaj Auto also informed shareholders that domestic motorcycle sales came down after two years of impressive growth in FY18 and FY19.

“Between FY 2019 and FY 2022, domestic motorcycle sales for the industry as a whole has fallen by almost 34 per cent in terms of volume. In this environment, Bajaj Auto has been able to arrest its decline in sales and raise market share from 18 per cent in FY 2021 to 18.2 per cent in FY 2022,” it noted.

This Article was first live here.

Continue Reading

Trending