Latest News | HMSI launches CB300F tagged at Rs 2.25 Lakh

New Delhi, Aug 8 (PTI) Honda Motorcycle & Scooter India on Monday launched the CB300F bike priced at Rs 2.25 lakh (ex Delhi showroom).

The company said customers can now reserve the 293cc bike at its nearest BigWing showrooms.

Read also | “Odisha knows Achhe Din, the state has a large number of representatives at the national level,” says Union Home Minister Amit Shah.

“The two-wheeler landscape in India is undergoing a big change as we move up the motorcycle category. Riders, in the mid-size segment and above in particular, are looking for the right balance of performance, versatility and modernity. “, HMSI MD , President and CEO Atsushi Ogata said in a statement.

The company presented the bike in two versions – Deluxe and Deluxe Pro – priced at Rs 2.25 lakh and Rs 2.28 lakh, respectively. *** ExxonMobil Partners with THINK Gas Distribution * ExxonMobil Lubricants announced on Monday that it has signed a partnership with THINK Gas Distribution to market its range of compressed natural gas (CNG) lubricants for passenger and commercial vehicles.

Read also | Tecno Camon 19 Pro 5G India launch confirmed for August 10, 2022.

This partnership will allow Mobil’s specialty gas engine oil offerings to be available at THINK Gas owned and operated stations in various states across the country.

“We have introduced a line of lubricants for CNG-powered vehicles that help improve vehicle productivity, performance and reliability, while meeting industry specifications for CNG vehicles,” said Vipin Rana, CEO of ExxonMobil Lubricants.

***Aaava Group Organizes Student Development Program* Solar energy company Avaada organized “Student Development Program” to develop social and moral values ​​among students as part of its social responsibility initiatives companies (CSR).

The first phase of the program launched by its philanthropic arm Avaada Foundation has been rolled out in Rishikesh targeting around 12,000 students enrolled in 10 schools, according to a statement.

(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)

Rising fuel prices spark protests in Bangladesh

Thousands of Bangladeshis besieged petrol stations across the country after the government hiked prices by 52%, the biggest hike on record, due to rising oil prices.

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Russia’s invasion of Ukraine has seen global energy prices soar, although oil has fallen in recent weeks as recession fears mount.

Dhaka announced on Friday that the price of petrol increased by 51.7% and diesel by 42.5% from midnight. Motorcyclists rushed to gas stations across the country to try and fill up before the price hike took effect. Some stations have suspended sales and sporadic protests have broken out.

Protesters said the increases would disproportionately hit the tens of millions of the country’s poor, who use diesel to power transport and agricultural irrigation pumps. In Sylhet, retailers tried to charge higher prices immediately after the hike was announced, police commissioner Nisharul Arif said.

Motorcyclists rushed to gas stations across the country to try and fill up before the price hike took effect. Some stations have suspended sales and sporadic protests have broken out.

Protesters said the increases would disproportionately hit the tens of millions of the country’s poor, who use diesel to power transport and agricultural irrigation pumps.

In the town of Sylhet, retailers tried to impose higher prices immediately after the hike was announced, police commissioner Md. Nisharul Arif said. “People gathered and protested in front of all the gas pumps.”

Similar protests took place in other cities, following protests held earlier in the week. Energy Minister Nasru Hamid told reporters the decision was driven by global markets.

“Some adjustments need to be made given the global situation. If the situation normalizes, fuel prices will be revised accordingly,” he said.

Bangladesh has been hit by rising energy prices following the war in Ukraine, sparking a struggle to source fuel for power plants.—AFP

How has brand reputation moved beyond the table stakes for e-commerce marketplaces in 2022?

The US Census estimates that total e-commerce sales reached $870.8 billion in 2021, a staggering 14.2% increase from 2020. The top four global online markets alone receive nearly 8 billion visits per month, and that’s only a fraction of the total number. reported online market visits. In an EverC survey conducted in November and December 2021, 72% of shoppers say they use e-commerce marketplaces once a month or more.

However, customer loyalty to individual brands has plummeted and shoppers are experimenting with new shopping alternatives at an unprecedented rate. In fact, 75% of US consumers have tried a new shopping behavior in response to economic pressures, store closures and shifting priorities over the past two years. Although businesses replaced government and the media as the most trusted institutions in 2021, 74% of consumers say they will stop buying from brands that break their trust.

This means that to thrive today, businesses must maintain customer trust or risk losing market share and revenue. Brand trust and reputation now require more than lip service – they are going from nice to have to fundamental requirements for doing business in e-commerce. Yet, at the same time, we are also seeing explosive growth in the sale of counterfeit and pirated goods in the digital world, especially on popular e-commerce platforms and online marketplaces such as Amazon. And each such sale not only poses a threat to consumer confidence, but the risks can extend to physical, legal and financial damages.

To understand the extent and impact of marketplace fraud, consider this: Nearly $1 trillion worth of counterfeits flood the global economy each year. Amazon blocked 10 billion counterfeit registration attempts in 2020 alone while seizing more than 2 million counterfeit products. And most counterfeits are ordinary consumer items that people trust, like infant formula, hand soap and bicycle helmets, not exotic couture products.

The e-commerce crisis

Selling counterfeit products or controlled substances can result in legal action, hefty fines, and regulatory exposure. They also have a direct impact on brand trust for e-commerce marketplaces. Four in ten consumers (41%) say their experiences of receiving fraudulent products have negatively impacted their willingness to purchase from e-commerce sites, while 88% of Americans believe that e-commerce marketplaces should be held responsible for counterfeit and illegal products sold on their websites. .

Online retailers may feel that they only need to focus on their own compliance strategies to protect themselves from these risks. However, the damage to brand trust ripples through the entire market experience. When consumers have an unfavorable experience with an online marketplace site, they can easily lose confidence in the whole process. They may feel that shopping on individual brand websites or, as the pandemic recedes, in physical stores brings them greater reliability.

The risks posed by counterfeit products are unsustainable for online marketplaces and unacceptable for online consumers. That’s why SaaS products are now being developed to quickly deliver what no human process ever could: the ability to identify and eliminate malicious listings among the billions of items for sale online.

Driven by artificial intelligence and machine learning, these platforms can identify illicit products at scale to provide brand protection and regulatory compliance. So, with greater visibility into the dark corners of the web, e-commerce marketplaces can act to weed out counterfeit products, provide safety and peace of mind to buyers, and uphold both their reputation and bottom line. .

Written by Noam Rabinovich, co-founder of EverC

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Royal Enfield Hunter 350: price expectation

Royal Enfield will launch the Hunter 350cc motorcycle in India tomorrow, August 7th. It will compete with Honda CB350RS, Jawa 42 or the recently launched TVS Ronin.

Royal Enfield will announce the price of the Hunter 350 motorcycle, which will be launched in India on August 7.

Royal Enfield is set to launch the Hunter 350 motorcycle in India tomorrow. The two-wheeler maker will announce pricing for the 350cc bike on August 7. Royal Enfield has already previewed the new bike ahead of the official launch. Except for the price, the features, specifications and other details of the Hunter 350 were also revealed ahead of Sunday’s event. According to the spec sheet, the new Hunter 350 will be the lightest Royal Enfield 350 motorcycle ever made in recent times.

According to the specifications, the Royal Enfield Hunter 350 will come in two variants called Metro and Retro. The bike weighs 181 kg and has a top speed of 114 km/h. The bike uses a fairly common engine with other Royal Enfield 350cc bikes, but there is a slight difference in the gear ratio which is longer than the Classic and Meteor. The two-wheeler maker tweaked it to reduce top speed and improve the overall torque-taking feel of this Scrambler.

The suspension setup of the Hunter 350 will be similar to that used in the Meteor 350. It will have a seat height of 800mm, ground clearance of 150mm and the fuel tank capacity is 13 litres. The Metro version of the bike sits on a pair of 17-inch alloy wheels with front and rear disc brakes. It also gets dual-channel ABS, LED taillight, two-tone paint scheme, among other features. The Retro variant of the Hunter 350 will feature a rear drum brake, single-channel ABS, wire-spoke wheels and a solid color scheme.

Both variants of the Royal Enfield Hunter 350 motorcycle will be powered by a 349cc single-cylinder air/oil cooled SOHC engine which will be offered with a five-speed gearbox. The engine is capable of producing a maximum power of 20.2 hp at 6,100 rpm and a maximum torque of 27 Nm at 4,000 rpm. Royal Enfield claims the 350cc motorcycle will return a mileage of 36.2 kmpl.

The Hunter 350 will compete with the Honda CB350RS, Jawa 42 or the recently launched TVS Ronin when it launches. The price of the motorcycle is likely to start from around ₹1.30 lakh (ex-showroom) and can go up to ₹1.45 lakh (old showroom).

Date of first publication: Aug 06, 2022, 2:07 PM IST

US agency investigates Tesla crashes | Company

DETROIT (AP) — Two crashes involving Teslas apparently running on autopilot are drawing the attention of federal regulators and pointing to a potential new hazard on U.S. highways: Partially automated vehicles may fail to stop for motorcycles.

The National Highway Traffic Safety Administration dispatched investigation teams to two crashes last month in which Teslas collided with motorcycles on dark highways. Both were deadly.

The agency suspects that Tesla’s partially automated driver assistance system was used in each of them. The agency says once it gathers more information, it could include the crashes in a larger investigation of Teslas hitting emergency vehicles parked along highways. NHTSA is also investigating more than 750 complaints that Teslas may brake for no reason.

The first crash involving a motorcyclist happened at 4:47 a.m. on July 7 on State Route 91, a highway in Riverside, California. A white Tesla Model Y SUV was driving east in the high occupancy vehicle lane. Ahead of him was a rider on a green Yamaha V-Star motorcycle, the California Highway Patrol said in a statement.

At some point the vehicles collided and the unidentified motorcyclist was ejected from the Yamaha. He was pronounced dead at the scene by firefighters.

Whether or not the Tesla was running on Autopilot is under investigation, a CHP spokesperson said.

The second crash happened around 1:09 a.m. July 24 on Interstate 15 near Draper, Utah. A Tesla Model 3 sedan was behind a Harley-Davidson motorcycle, also in a HOV lane. “The Tesla driver did not see the motorcyclist and collided with the rear of the motorcycle, throwing the rider off the bike,” the Utah Department of Public Safety said in a statement. press release prepared.

The rider, identified as Landon Embry, 34, of Orem, Utah, died at the scene. The Tesla driver told authorities he had activated the vehicle’s Autopilot setting, according to the statement.

Men arrested after selling stolen flooring on Facebook

Aug. 6 – Two Morgantown men are charged with receiving or transferring stolen property after allegedly being in possession of approximately $9,000 worth of stolen vinyl flooring.

Monongalia County Sheriff’s Deputies were initially called to a home under construction in a development in the Snake Hill Road/Ed Dunn Road area of ​​Morgantown on July 7 after the contractor noticed the flooring was missing then that he was there that morning.

According to the criminal complaint, the homeowner told deputies she saw the same type of flooring listed on Facebook Marketplace that morning by someone named Marion Efaw.

Deputies searched their system and found Marion Robert Efaw II, 24, of Morgantown, who had a capias warrant for driving while her license was revoked for impaired driving. The address given by Efaw was on Dunn Cemetery Road, which is close to the address from which the soil was stolen.

On July 15, according to the complaint, Efaw contacted the builder of the house via Facebook Messenger and informed him of the location of the soil and that another man named “Raymond Murray was responsible for it”.

Efaw provided an address for Raymond Murray, which law enforcement found to be the same Dunn Cemetery Road address recorded for Efaw. He also said he only took photos of the floor and posted them on Facebook Marketplace for Murray.

The photos allegedly taken by Efaw were inside a storage building with a motorcycle in the background, according to the complaint.

On July 16, deputies searched the premises surrounding Efaw and Murray’s residence and found the building and motorbike matching the photo.

Deputies found “approximately 45 planks of the vinyl flooring under Murray’s bed”, according to the complaint, “and also found Mr. Murray hiding in a closet in an adjacent room”.

Murray told deputies he was hiding in the closet because he had warrants and had purchased the flooring from Efaw and intended to lay it in the hallway of the residence. He admitted that he knew he had been robbed and had been moved from the apartment building to the residence.

Murray was charged with receiving or transferring stolen property on July 16 and was released on $10,000 bond.

According to the complaint, Efaw surrendered on the evening of July 16 and was also charged with receiving or transferring stolen property. He was arraigned on August 4 and bail was set at $50,000. He is being held at the Center-North Regional Prison.

TWEET @DominionPostWV

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Effective Business and Trade Development is more than a lecture, by Ejike E Okpa

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Trade and investment conferences have been organized in Africa and the Caribbean to foster better cooperation between Africans on the continent and its distant descendants. At the end, one wonders where is the impact?

None of the Caribbean nations have the depth of an economy to ignite what will trigger Africa. These are flashes on the pan.

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They are over-dependent independent nations that lack strong legislation to curb and cut off the vultures that hunt them as they rely on the generosity of foreign interests. Why current conditions persist.

From the late 80s to the early 90s, various US cities and government agencies had no restrictions when buying certain things.

It wasn’t until the “Buy America” ​​legislation was passed that domestic purchases of American products were triggered, and they even added a percentage of content to qualify as Made in America.

For example, the Addison Police Department used Volvo cars and BMW motorcycles, but once the legislation took effect, they were all American automobiles.

No public agency in the United States will use foreign-made automobiles.

The government is a big spender, they should channel this into locally made products.

When the Bush Presidential Library Dallas was built, it was required that the materials to be used could not come from more than 150 miles from Dallas.

This is what legislation does to promote business development.

In the case of Africa, Nigeria to be exact and many others, they have no legislation to restrict what they buy and from where.

Jamboree-style conferences where bureaucrats show up to look good with no good ideas, that’s why Africa and its descendants look like JJ-Cs.

My 2 cents.

Ejike E OKPA
Written from the United States

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Universal Technical Institute (NYSE:UTI) price target cut to $10.00 by analysts at Rosenblatt Securities

Universal Technical Institute (NYSE: UTI – Get a rating) had its price target lowered by stock analysts Rosenblatt Securities from $11.00 to $10.00 in a research report released Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ price target indicates a potential upside of 43.06% from the current stock price.

Several other equity research analysts have also recently commented on the UTI. Argus upgraded Universal Technical Institute from a “hold” rating to a “buy” rating and set a price target of $10.00 for the company in a Tuesday, June 28 research note. They noted that the move was a review call. B. Riley raised his price target on Universal Technical Institute from $11.00 to $14.00 in a Wednesday, April 20 research note. StockNews.com moved the Universal Technical Institute from a “buy” rating to a “hold” rating in a Friday, July 22 research report. Finally, Barrington Research raised its price target on Universal Technical Institute from $10.00 to $14.00 and gave the stock a “buy” rating in a Thursday, May 5 research report. One financial analyst gave the stock a hold rating and four gave the stock a buy rating. According to MarketBeat.com, Universal Technical Institute has an average rating of “Moderate Buy” and an average target price of $11.80.

Performance of shares of the Universal Technical Institute

A d Investment trends

183 pounds of copper for a single electric vehicle

To build a single electric vehicle (EV) motor, it takes 183 pounds of copper. Compare that to just 18 pounds needed in a gas-powered car. That’s 10 TIMES more copper. Electric vehicles are expected to increase by 1,400% by 2030. More sources of copper are desperately needed to meet demand.

Shares of UTI traded down $1.31 during Thursday trading hours, hitting $6.99. The stock had a trading volume of 37,033 shares, compared to an average volume of 214,839. The company has a market capitalization of $230.95 million, a PE ratio of 12.02, a PEG ratio of 0, 88 and a beta of 0.65. Universal Technical Institute has a 12-month low of $6.43 and a 12-month high of $11.45. The stock’s 50-day moving average is $7.95 and its 200-day moving average is $8.43. The company has a debt ratio of 0.32, a current ratio of 0.92 and a quick ratio of 0.92.

Universal Technical Institute (NYSE: UTI – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $0.12 for the quarter, beating the consensus estimate of ($0.01) by $0.13. Universal Technical Institute had a return on equity of 31.96% and a net margin of 9.58%. The company posted revenue of $102.09 million in the quarter, versus a consensus estimate of $97.20 million. As a group, research analysts expect Universal Technical Institute to post earnings per share of 0.62 for the current fiscal year.

Insider activity

In other news, CEO Jerome Alan Grant sold 20,000 shares of the company in a trade on Tuesday, May 31. The stock was sold at an average price of $9.08, for a total value of $181,600.00. Following completion of the transaction, the CEO now owns 87,152 shares of the company, valued at $791,340.16. The sale was disclosed in an SEC filing, available at this link. Insiders of the company hold 3.50% of the shares of the company.

Universal Technical Institute Institutional Trade

A number of large investors have recently changed their positions in the stock. Renaissance Technologies LLC increased its stake in shares of Universal Technical Institute by 0.7% during the first quarter. Renaissance Technologies LLC now owns 1,537,294 shares of the company valued at $13,605,000 after acquiring 10,993 additional shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Universal Technical Institute by 10.6% in Q1. Dimensional Fund Advisors LP now owns 953,416 shares of the company worth $8,438,000 after purchasing an additional 91,584 shares in the last quarter. Victory Capital Management Inc. increased its stake in Universal Technical Institute by 4.9% in the 1st quarter. Victory Capital Management Inc. now owns 670,369 shares of the company worth $5,933,000 after purchasing an additional 31,276 shares last quarter. Goldman Sachs Group Inc. increased its stake in Universal Technical Institute by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 538,538 shares of the company worth $4,766,000 after buying an additional 18,136 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Universal Technical Institute by 0.7% in the 1st quarter. BlackRock Inc. now owns 507,116 shares of the company worth $4,487,000 after buying 3,325 additional shares in the last quarter. Institutional investors and hedge funds own 70.66% of the company’s shares.

About Universal Technical Institute

(Get a rating)

Universal Technical Institute, Inc. offers transportation and technical training programs in the United States. The company provides post-secondary education for students who wish to pursue careers as professional automotive, diesel, body repair, motorcycle and marine technicians. It also offers certificate, diploma, or diploma programs under various brands, such as Universal Technical Institute, Motorcycle Mechanics Institute and Marine Mechanics Institute, and NASCAR Technical Institute.

Further reading

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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Honda halts sales of 10 models amid ‘uncertain’…

Honda announced that it is temporarily suspending customer orders for ten of its motorcycles to ease pressure on waiting lists, which have built up due to continued shortages of parts using semiconductor materials.

The Japanese firm has released a statement confirming that from August 1st it will not be taking orders for the Rebel 1100, Rebel 500, Rebel 250, CRF250RALLY, CRF250L, Forza, ADV150, Grom, Monkey 125, CT125 and Hunter Cub.

Honda says a number of factors contributed to the decision to suspend sales of certain models, chief among them the expectation of receiving parts using semiconductor materials, an issue that has had many implications for the company. automotive industry over the past 18 months. It has also cut emissions due to the implications of impending regulation of Reiwa, Japan’s version of Euro5 emissions targets.

Driven by the sudden global increase in productivity as nations returned to some normality following the COVID-19 lockdowns, suppliers involved in the production and distribution of these materials – which had declined during COVID-19 – have not been able to keep up with the influx of demand since mid-2021.

With issues passed on to the customer, wait times for a new bike to be delivered are now months away, with some manufacturers warning that an order placed now means you may have to wait until 2023 to receive it .

With no clear end in sight for the supply issues and coupled with the subsequent bottlenecks at maritime marinas, as well as the lingering impact of COVID in Japan in particular, Honda has chosen to take a step that goes beyond- beyond the simple suspension of production.

Honda says it will communicate in due course when the aforementioned models will be available for purchase again.

From a UK perspective, a Honda spokesperson confirmed there was no impact on the availability of the models available here – the Rebel 1100, Rebel 500, CRF250Rally, Forza, Grom and Monkey 125 – and the issues relate to Honda Japan.

“As for Honda motorcycle products, from fall 2021 to present, due to multiple factors such as lockdowns due to novel coronavirus infection overseas, shipping and port congestion worldwide, and semiconductor supply shortages, product and parts arrivals have been delayed,” reads Honda’s statement.

“As logistical delays continue and lengthen, and the outlook for production and shipments from overseas remains uncertain.

“In addition, due to the application of the 2nd year of the Reiwa exhaust regulations to motorcycles for the Japanese domestic market from November 2022, orders for current models may reach the production plan of some models. , we will temporarily stop taking orders.

“We would like to express our sincere gratitude for your orders and the consideration you have for our products. We are sorry.

“Regarding the resumption of orders for the target products, we will inform you again from this site and authorized Honda motorcycle dealers.

“We will continue to do our best to deliver products to our customers as soon as possible, so we appreciate your understanding.”

Latest News | HMSI launches Dio SPORTS at Rs 68,317

New Delhi, Aug 03 (PTI) Honda Motorcycle & Scooter India announced on Wednesday that it has launched the “Dio SPORTS” scooter priced at Rs 68,317 (ex-showroom).

The limited edition 110cc scooter is available in two versions priced at Rs 68,317 and Rs 73,317, respectively.

Read also | The National Bulletin (TNB) has featured in Google’s Top Stories.

The scooter comes with features like telescopic suspension, built-in dual function switch, side stand indicator among others.

***

Read also | Oppo A77 4G with 5000 mAh battery launched in India; Prices, features and specifications.

Tata Motors introduces Tiago NRG XT at Rs 6.42 lakh* Tata Motors on Wednesday launched the Tiago NRG XT variant priced at Rs 6.42 lakh (ex-showroom).

The model comes with various features such as steering wheel controls, height adjustable driver seat, fog lights among others.

“At an attractive price, this variant is well packaged and aims to improve the driving experience.

“We are confident that the addition of this feature-rich XT variant will further strengthen the NRG and Tiago’s entire portfolio, propelling their sales performance forward,” said Rajan Amba for Tata Motors Passenger Vehicles (Vice -President, Sales, Marketing and Customer Service). A declaration.

*** Hero MotoCorp launches phygital avatar resale platform * Hero MotoCorp announced on Wednesday that it has presented its “Wheels of Trust” two-wheeler resale platform in phygital avatar.

The two-wheeler resale platform has served more than five million customers, Hero MotoCorp chief growth officer Ranjivjit Singh said in a statement.

“Now in the phygital avatar, customers can experience the best resale value of any two-wheeler from the comfort and convenience of their home. The second-hand segment is changing every day, and we’re happy to provide an ecosystem that allows owners of older two-wheelers to have a hassle-free upgrade,” he added.

(This is an unedited and auto-generated story from syndicated newsfeed, LatestLY staff may not have edited or edited the body of the content)