Automobile Giant Tata Motors Opens Eight New Showrooms in Ahmedabad

 

In line with its retail acceleration strategy, India's automobile giant Tata Motors inaugurated eight strategically located showrooms in and around Ahmedabad. These new showrooms will embrace the brand new and modern retail identity, and it will be hosting the company's entire range of passenger vehicles, including its electric vehicles portfolio.  The new outlets of Tata Motors are situated in prime locations in these upcoming exclusive pockets, which will provide an enhanced customer experience with and quick turnaround time.

This expansion drive comes on the back of a stellar performance in the passenger vehicles market in India. Tata Motors stated that the company registered its highest ever sales in nine years and Q4 FY21. In FY21, the business registered its highest-ever annual sales in eight years while posting a growth of 69 percent versus FY20. Tata Motors also recorded a strong growth of 342 percent in Q1FY22, over Q1FY21.

The company further added that with the recent introduction of the new EV policy, the company expects to emerge as one of the largest EV states in the country, and it will constantly work hard to expand the network and product portfolio that will help cater to the state government's commitment and emphasis on green mobility.

 

 

Heathrow has requested Britain to allow fully vaccinated people to travel without quarantine

 

London's Heathrow Airport has requested Britain to allow vaccinated passengers to travel after the cumulative losses of the airport reached $4 billion. Heathrow was one of the busiest airports in Europe pre-pandemic, and now due to COVID-induced restrictions, the trade volume has come down significantly. The airport has stated swift action is needed from the government's end, and travelers are also demanding a solution quickly. If the situation continues to worsen, many jobs are expected to be lost.

John Holland-Kaye, CEO of Heathrow, has stated that the passenger level at Heathrow is well about 25 percent of the pre-pandemic level, whereas other airports in Europe are nearly 50 percent. If the passengers planes and not reaching global markets like the US, the UK exports will not be able to get its export out of the country. This will eventually lead to the fall of the UK and will end up costing jobs unless traveling is allowed. If Britain allows people who are fully vaccinated to travel without the mandatory quarantine for ten days, then there can be some amount of recovery and benefits. Other Europeans have followed this method and have opened up traveling where as Heathrow is expecting Britain to do the same to achieve recovery.

 

Even though the retail giants are reporting positive numbers, the retail sector is yet to recover from COVID

Retail giants ITC Ltd and Hindustan Unilever have recently revealed their Q1 FY22 numbers, and it seems promising. Even though the numbers are good, it, however, did not reward the share prices. When compared to the previous year’s numbers, HUL has managed to increase its profits by 9.5 percent (1,881 crores). Retail giant ITC has taken a huge leap and has reported a 28.6 percent rise in standalone profit (3,013.5 crores) for q1 of 2021. In the corresponding year of the previous cycle, ITC had reported Rs 2,342 crore as standalone profit.

Even though June month was severely affected by the second wave of COVID, both the retail giants managed to deliver good numbers in profit. Only a handful of companies have managed to show profits in this q1, and there are more than 50 percent of retailers who are yet to reach the pre-pandemic level in terms of profit. Data from RAI suggests that the profits of June month fell severely, and it showed that sales were down by 50 percent when compared to 2019 June. CEO of RAI, Kumar Rajagopalan, has stated that retail businesses are finding it very difficult to bounce back, and pan-Indian retail sales came down by 50 percent.

 

 

84% of Woman gamers in South India feel that gaming can be pursued as a career

Popular tech giant HP has recently conducted a study and has discovered that 99 percent of people living in Hyderabad are certain that gaming relieves stress. Furthermore, the study showed that more than 90 percent of people believe that gaming can be a good career option. Along with the facts mentioned above, it was discovered that more than 48 percent of the respondents are willing to spend up to Rs 1 lakh on gaming rigs and PC. The study conducted by HP revealed certain new trends like growing preference in gaming among women, and they are also keen on taking it up as a career option.

Almost 84 percent of the women respondents have stated that they have the desire to pursue gaming as a career. A recent HP study shows that 94 percent of the respondents feel that gaming induces positive feelings and reduces stress significantly. Women are ahead of men in this sudden shift of perception, and they feel that gaming can improve cognitive skills, improve cognitive skills, and relieve stress. Ninety-four percent of women respondents have stated that gaming is the best source of recreation and relaxation when compared to 92 percent of men. The survey was conducted in the South Indian cities of Chennai, Hyderabad, and Coimbatore, and it shows that people agree that gaming is beneficial.

 

Telenor Joins forces with Oracle to manage revenues in key Asian territories

Oracle Communications' cloud-native converged charging, and billing solutions is now focusing on its Asia market.  As a result, the company is partnering with Telenor to support the telecommunications provider's mobile and next-generation 5G services across Asia.  Mobile services, from voice to video streaming, are on the rise across Asia. To support this purpose, Telenor has selected Oracle Communications Billing and Revenue Management that lays the groundwork for 5G and provides charging and billing interactions for 175 million subscribers in Asia.

Oracle is aiming to offer a range of products, from an ongoing monthly subscription to a video-on-demand service to mobile banking payments to large-scale prepaid voice and data services. These services and solutions will be deployed in countries like Malaysia, Thailand, and Pakistan. Oracle's fully integrated, cloud-native digital billing and charging solution gives Telenor proven monetization and real-time rating capabilities.

Oracle's cloud-native converged charging solution has been validated in performance testing on its Cloud Infrastructure. The company says that it scales to high subscriber volumes with low millisecond latency, near-linear scalability, and efficient resource utilization, including prepaid and postpaid charging scenarios, without needing to manage the risk of out-of-sync revenue systems.

 

Quaybridge has formed an alliance with bp to advance the company’s global offshore wind portfolio

Quaybridge, a popular name in the UK energy segment, has recently made an announcement that it is partnering with bp. Both the companies are expected to work cordially to improve bp's global offshore wind portfolio, and they also want to scale bp's offshore wind knowledge. The new agreement will allow team members from Quaybridge to work closely with bp's renewables business development team. From bp's SVP renewables growth, David Anderson has stated that it is crucial to invest in the right skill because it plays a major role in a business's success.

He furthermore added that Quaybridge is well known in the industry for its entrepreneurial spirit and technical expertise. The new partnership is expected to play a major role in giving the companies an edge in this highly competitive segment as they are looking forward to accelerating their global portfolio. Everoze was responsible for forming Quaybridge in 2018, and it was able to accumulate the necessary expertise. Quaybridge services are aimed at the global level, where companies from various regions can make use of their services. Colin Morgan, team director at Quaybridge, has stated that the company is very excited to support bp in its effort, and the whole team will work diligently to deliver success.

 

Coca-Cola’s sees a Spike in Its Q2 Growth in Sparkling Soft Drinks

Beverage giant Coca-Cola Co. has raised its outlook for the year, as rising Covid-19 vaccination rates have paved the way for reopening restaurants, stadiums, and movie theaters, which in turn boosts the sales of soft drinks around the globe. Coca-Cola's sales plummeted in 2020 when dining and entertainment venues were closed due to a pandemic. The company's revenue recently soared above levels from year earlier and topped revenue in the same period in 2019.

The company's net revenue for the quarter was $10.1 billion; it saw a sharp rise from a year ago and up slightly from $10 billion in the same period in 2019. Coke now expects organic revenue growth of 12 to 14 percent in 2021.  It projects per-share earnings will grow between 13and 15 percent this year, a growth rate between high single digits and low double digits.

The company remains very clear-eyed about the potential spikes in some markets due to the new strain of the virus—Delta variant, but overall it sees for a return to normalcy. The company's executives stated that while consumption in the US has rebounded, but the country isn't yet past the pandemic. Therefore Coca-Cola is trying to boost manufacturing and production as early as possible.