Lohia Auto Participated in 4th India International MSME & Start Up EXPO

Lohia Auto showcased its wide range of electric vehicles to support MSME and Start up industries at Pragati Maidan

Country’s largest indigenous electric vehicle player Lohia Auto Industries participated in 4th India International MSME & Start Up EXPO, the three day Expo is being held on 24,25,26 August, 2017 at Pragati Maidan . The company, which is a pioneer in the electric vehicles segment, showcased its wide range of smart and affordable electric vehicles crucial for MSME and start up enterprises work efficiently.

The three day Expo organized to promote MSME’s Startups’, budding entrepreneurs & youth to generate maximum entrepreneurial/job opportunities. With the intension to support the growing enterprises, Lohia Auto Industries, which is the third largest electric vehicle manufacturers in India, showcased HUMRAHI PLUS with the solar panel, NARAIN LC Loader, and OMA STAR LI. The new modified versions of “Humrahi” and “Narain” are improved and customized vehicles designed especially for saving Electricity and for overall transport safety, efficiency and reliability. The first innovative product is Humrahi’s Solar Powered E- Rickshaw. A normal battery rickshaw has to use conventional form of electricity to charge the batteries. With this Solar E-Rickshaw one can charge batteries on the run in sunny day. Solar powered E-rickshaw increases the efficiency of the vehicle and solar panel increases its mileage by 10-15% with a life cycle of 10 years.

According to Mr. Ayush Lohia, CEO Lohia Auto Industries, “With the range of electric vehicles in passenger and cargo by Lohia Auto available at affordable rates, we wish to promote the MSME and Start up industry and help the young thought leaders excel in their sector. These are the unique products designed by Indians for India with many additional features. We are committed to our vision to provide green mobility to the country and look forward to consistent innovation towards developing products for the Indian electric vehicles market”. Added by Mr. Lohia.

iPhone 8 launch on September 12; from bezel-less display to 3D face recognition, here’s what to expect

iPhone launches are usually one of the biggest tech events in the world and this year it’s even bigger. It’s been 10 years since late Steve Jobs unveiled the first iPhone in 2007. There have been speculations regarding the actual launch date of the device but now we have a clearer picture.

According to a report from Wall Street Journal, the launch date of the new iPhone 8 has been confirmed for September 12. With just a few days left, this news might soon get an official confirmation. The information has been sourced from what seems like insiders who were asked to prepare for the launch event.

Another crucial piece of information, which comes with the report, is that the sale will begin ten days after the launch. This anniversary edition iPhone will be special in more than one ways. The speculations began early last year. Initially, most renders contradicted each other but with time, a common design has come up that might be similar to the official release.

Here’s what we know so far and what can be expected of the new iPhone 8:

The more visible and hopefully remarkable change will be in the form of display on the iPhone 8. The display is expected to be truly bezel-less with the highest screen to body ratio.

Given that the entire front of the device will be covered under the display, Apple will either choose to place the fingerprint sensor under the screen or place it in the rear panel. There have been a few reports that also suggest that Apple might scrap the fingerprint sensor for an alternative like face-recognition. Analysts suggest that Apple might go for a 3D facial recognition system instead.

The camera will still use two lenses but is expected to house larger sensors instead. This will help iPhone compete against the current flagships in the low-light segment. The front facing snapper might be placed in the small section on the top of the display.

In terms of display, this time around Apple might take a page from Samsung’s book. The iPhone 8 is expected to feature an OLED panel. However, the iPhone 7s and iPhone 7s Plus devices will in all likelihood still feature a LCD display.

The iPhone 8 is expected to feature a bigger 5.8 inch display. However, the device’s overall foot-print should reduce considering the bezel-less display.
The iPhone 7s and iPhone 7s Plus is reported to sport a 4.7 inch and a 5.5inch LCD sceen respectively. The smaller variant might sport 2GB RAM whereas the bigger, iPhone 7Plus will come with 3GB RAM to support the dual-camera.

Apple might also launch a new Apple Watch which supports a SIM card, making it a standalone device.

In terms of price, most analysts have estimated a price north of $1000 which might be much higher in the Indian market, considering that iPhones usually sell at 40 per cent higher price in India when compared to US.

Income Tax Department imposes Rs 7,900 crore penalty on Vodafone for tax dues

The Income Tax Department has imposed Rs 7,900 crore penalty on the tax demand of the same amount on a unit of billionaire Li Ka-shing’s CK Hutchison Holdings Ltd over its decade old sale of mobile phone business in India to Vodafone Group Plc.

In a filing to the Hong Kong stock exchange, the company said its unit Hutchison Telecommunications International Ltd had late last year received a tax demand notice of Rs 7,900 crore and on August 9 received a penalty order of a similar amount.

The CK Hutchison unit continues to dispute the validity of those taxes, it said.

Hutchison Telecom, an indirect wholly owned subsidiary of CK Hutchison Holdings Ltd, had received a draft assessment order from the Indian Tax Authorities dated November 24, 2016 on “the alleged gains” made in the 2007 deal with Vodafone.

The tax department on January 25 this year issued the final assessment seeking Rs 7,900 crore in taxes on capital gains made in the Rs 16,430 crore deal.

Now, the tax department has by an order dated July 3 imposed “a penalty of approximately Rs 7,900 crore”.

The company said “taxes cannot be validly imposed” as the tax demand order was passed on “the basis of retrospective legislation seeking to overturn the judgement of the Supreme Court of India in January 2012, which ruled that the Acquisition was not taxable in India, are in violation of the principles of international law.”

“Accordingly, the company continues to believe that the tax orders would not have any effect on the company’s financial condition or the results of its operations for any period,” it said.

Vodafone had in 2007 acquired 67 per cent stake in the mobile-phone business owned by Hutchison Whampoa, now part of CK Hutchison.

Audi Q7 40 TFSI to be launched on 1st September 2017

Audi India is all set to launch the petrol version of the Audi Q7, named as Q7 40 TFSI on September 1, 2017. Presently the premium SUV, Audi Q7 offers only the diesel unit in India.

The new variant is expected to come with the same outfit as its diesel counterpart. It will offer a newly designed exterior with LED headlamps including the manufacturer’s parking system with a 360-degree view camera.  The inside cabin of the model will have a premium look equipped with all latest technology features including a large 12.3-inch touchscreen infotainment system. Moreover, the 20-inch cast aluminium alloy wheels add a sporty look to the car.

The next-gen model will sport the new petrol version in the line-up and is expected to get a 4-cylinder 2.0-litre engine, which churns out a maximum power output of 252 bhp against a peak torque of 370 Nm. The engine comes paired to an 8-speed manual gearbox. The model is claimed to attain a 0-100 kph speed in 7.1 seconds, similar to that of its diesel version.

The Seven-seater SUV is expected to be priced in the range of Rs. 75 lakh to Rs. 80 lakh (ex-showroom, Delhi). Once launched the model is expected to compete with the likes of Jeep Grand Cherokee petrol version, Mercedes-Benz GLS400, BMW X5 35i and 3.0-litre petrol version of the Land Rover Discovery.

Apple might lose premium segment fight to Samsung: Analyst

iPhone 8 will be Apple’s anniversary edition product. The expectations are riding high since there has been no major change in the devices of the previous three iterations and this year is special for the product. So far, leaks have suggested that the Cupertino Giant is preparing something big for all Apple loyalists. However, will this big change ask for a bigger price?

Analysts believe that this year’s iPhone 8 is most likely to cross the $1000 mark which might also be a bad news for Indian buyers. Barclays’ Mark Moskowitz even goes ahead to make a further analysis that only 18 per cent of the potential iPhone buyers will actually buy the device, owing to the unconventionally high price tag.

According to a report by 9to5Mac, the analyst made the remark in a note predicting that Samsung is in a better position to take the premium segment by storm despite the relatively high price and previous years Note 7 debacle.

“While the device itself seems more evolutionary than revolutionary, we believe this launch represents the return of staunch competition into the premium segment ($700+ ASP) of the smartphone market following Samsung’s Note 7 debacle last year. For Apple, we are concerned that the company needs to meet momentous investor expectations following the expected launch of three new iPhone devices in September. This could be made more challenging when considering that only 18% of potential iPhone buyers are willing to spend $1,000+ for a new device (Wireless Subscriber Survey; 08/09/17), which is below the 30-35% figure investors seem to be expecting.”

Galaxy Note 8 is in itself a very expensive device and is almost up there playing with the $1000-mark priced at $930 ($960, depending on the carrier). This years’ Galaxy S8 is priced north of $800 and even the ill-fated Note 7 was priced similarly. Last year’s iPhone 7 Plus 256GB device was only a few dollars shy of reaching the ($1000) mark.

What does all this mean for Indian market?
The Indian market is not as interested in the premium smartphone market yet. But the premium segment is gradually gaining traction and is even one of Apple’s fastest growing markets across the globe.

However, the steep rise in global prices of the new iPhones will reflect on the prices here in India. Apple’s iPhones sell at their highest prices in India, costing almost 40 per cent higher than what they sell in their native market.

Lenovo K8 Note with dual cameras, 10-core processor to go on sale on Amazon today

Lenovo K8 Note was launched earlier this month and will go on sale today at Amazon India’s official website. The device is priced at Rs 12,999, against the likes of Redmi Note 4, Moto G5 Plus etc. On paper, however, the Lenovo K8 Note has more impressive specifications with a dual-camera setup and a 10-core processor.

The device will go on sale at 12 pm today and will only be available one unit per user. The device will be in two variants, one with 3GB RAM and 32GB internal storage and the other with 4GB RAM and 64 GB internal storage.

Here’s a look at the features of the device: 
Lenovo K8 Note is equipped with a MediaTek Helio-X20 chipset which is a deca-core setup. The higher variant comes with 4GB RAM and 64GB internal storage space and the lower with 32GB internal storage and 3GB RAM. Both variants will have a dedicated MicroSD card slot which can expand the memory by 128GB. The company also made a direct comparison between Snapdragon 625 and the Helio-X20, claiming the latter is more efficient.

The device comes with 5.5-inch FullHD screen covered by Corning Gorilla Glass. The display also comes with a feature called TheaterMax to make it a better media consumption device. The device also boasts Dolby Atmos for “moving sound”.
Lenovo K8 Note comes with a dedicated music key which can also be assigned to various other applications.

In its dual camera setup, the Note K8 houses a 13Megapixel unit and another 5Megapixel unit. According to Lenovo, these cameras can give the user a “DSLR-like depth-of-field effect”.
The front panel comes with a 13Megapixel sensor which will be assisted by a selfie flash light.

Other features
The device comes with stock Android 7.1.1 Nougat out of the box. The device has a special nano-coating to make it splash resistant. The Lenovo K8 Note will also feature a 4,000 mAh battery unit which can also be turbo charged using a 15W charger.

Coming to the price, the 3GB/32GB of Lenovo K8 Note variant is priced at Rs 12,999 and the 4GB/64GB is priced at Rs 13,999. The device will be available in Fine Gold and Venom Black. This will be Amazon’s second sale of the device.

Tata Sons appoints Roopa Purushothaman as chief economist, policy advocacy head

Tata Sons today appointed Roopa Purushothaman as chief economist and head of policy advocacy. The group issued a statement saying Purushothaman will drive macro-economic research as well as all policy and advocacy initiatives of the Tata group. She will join the group with effect from September 1, 2017.

Purushothaman joins Tata Sons from Everstone Capital, where she was leading the research function. Prior to that, she was with Goldman Sachs International as vice president and global economist. In her longstanding career, Purushothaman has published research papers covering a wide range of topics, including the path-breaking research on BRIC countries.

Speaking on the appointment, Purushothaman said, “The Tata group is a one-of-a-kind institution that plays a pivotal and multifaceted role in India’s economic development. To be a part of this group, during this period in India’s growth story, is truly a unique opportunity. I look forward to getting to work and deepening our collective understanding of macro patterns and demographic dynamics as they play out over the coming years.”

Purushothaman is a graduate from Yale University, and has a post-graduate degree from the London School of Economics. She is also the founder of Avasara Leadership Institute, a non-profit educational institution focusing on accelerating academic and leadership outcomes for high potential adolescent girls in India.

Tata Sons Executive Chairman N Chandrasekaran said that he was delighted to have Roopa as part of the team at Tata Sons. “Roopa’s deep knowledge on economic matters and trends, public policy and advocacy will be extremely valuable. Her passion and engagement in the social sector will help her widely contribute to the community initiative,” N Chandrasekaran said.

HDFC to raise Rs 2,000 crore via debentures

The country’s largest mortgage lender HDFC Ltd will raise Rs 2,000 crore by issuing debt securities on private placement basis.
The security-6.96 per cent HDFC, 28 Dec 2018-will be in the nature of secured redeemable non-convertible debentures to be issued on a private placement basis, HDFC said in a regulatory filing.
“The object of the issue is to augment the long-term resources of the corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the corporation,” it added.
The issue opens August 28 and closes on the same day. HDFC stock closed 0.33 per cent down at Rs 1,767.15 on BSE on Thursday.

Skoda Octavia RS: Launch scheduled for August 30, bookings open

Czech carmaker Skoda is now accepting bookings for the Octavia RS sedan that will be launched in India on August 30. The Octavia RS is a more powerful and sporty version of the regular Octavia.

Underneath the hood, the Octavia RS will come with a 2.0-litre turbocharged TSI (petrol) engine that drives a six-speed dual clutch gearbox. The engine is capable of churning 230hp.

To separate it from the regular Octavia, the RS variant will get an aggressive body kit, blacked-out trim bits, and larger alloy wheels. However, internationally the Octavia RS gets 18-inch wheels, but the India version will come with 17-inch wheels. It will also get nine airbags, ESP and a park-assist system.

The Octavia RS will be the second of the three models that Skoda had planned for 2017, for the Indian market. The first was the Rapid Monte Carlo which was launched recently and the third will be the Skoda Kodiaq, which will be launched in the last quarter of 2017.

Jet Airways Partners With Airbnb, Expands Hospitality Choices for Passengers

Private carrier Jet Airways has taken on board California-based home-share booking site Airbnb to offer a range of global hospitality choices to its guests from India.

The partnership with Airbnb, the first by an Indian carrier, will help Jet Airways strengthen its portfolio of choices for stay that it currently offers its guests, a release said.

The airline’s chief commercial officer Jayaraj Shanmugam said, “An increasing number of Indian travellers are embracing the fresh and highly personalised experiences that a platform like Airbnb offers.

“Our focus on being innovative and offering differentiated travel experiences enables us to anticipate the changing needs of our guests and recognise trends much earlier than the market, thus allowing us to offer exciting travel related initiatives,” he said.

The partnership will also give momentum to the growth of Airbnb’s footprint in the Indian market, the release said.

Airbnb country manager Amanpreet Bajaj said that Indian travellers have become more decisive and are keen to break away from conventional means of travel and accommodation.

Jet Airways group, which also includes its subsidiary JetLite, currently operates a fleet of 113 aircraft.

Besides flying to a number of domestic destinations, the Mumbai-based private airline operates its flight services to overseas destinations across South East Asia, South Asia, Middle East, Europe and North America.