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Luxury, speed and high-tech There are people who comfortably can afford the 2017 Audi 3.0T Quattro sedan with “competition” trim. “Comfortably”
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IT companies hurt by sluggish iPhone-related sales Taiwanese companies seen as a bellwether for the global
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Volvo Buses reboots 9400 range When the Bengaluru-based Volvo Buses launched its new 9400 intercity coach range some weeks ago, it was part of a strategic business plan. This also involved the VolvoEicher joint venture, VE Commercial Vehicles, which operates out of Pithampur in Madhya Pradesh. 7
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Luxury, speed and high-tech protection for a very select few
Rem quia volor
There are people who comfortably can afford the 2017 Audi 3.0T Quattro sedan with “competition” trim. “Comfortably” means they can buy it immediately with cash; they easily can afford a 48-month car note of $800 or more without endangering funds for housing, food, health care, or education; they won the car in a competition of some sort.
Five Cheap Fitness Apps Skip driving to the gym and spending $30 per workout class with these fitness apps that are cheaper than any gym membership
It is a fine automobile that, loaded with costly options, has most of the latest advanced electronic safety and driverassistance technology. Truly, it is a car that can keep you alive, crash-free or otherwise safe from injury on a long drive. It is like the best of the very best health insurance policies. As outfitted for this column — replete with “competition” trim and a full suite of items such as blind-side monitoring, forward-collision mitigation and one of the most advanced head-up display information systems available on the U.S. market — it costs $80,450. Why am I writing about new
automobile purchase costs and financing instead of how much fun it is to take the Audi 3.0T around curves, or how well the car’s all-wheel-drive system works in nasty weather? I’ve been going over vehicle finance reports by Interest.com, a consumer finance company, and they disturb me. Heck, they should disturb everyone in the automobile industry. According to Interest.com and similar consumer finance reports, most residents of the nation’s 25 largest metropolitan areas can’t comfortably afford the current average new-vehicle price of $32,086. www.businessnewsletter.com
Samsung scrambles to find new sources for LCD panels Samsung Electronics has sought LG Display’s help in solving a potentially serious problem of not having enough panels to manufacture LCD TVs, since Sharp has decided to stop selling it large panels.
IT companies hurt by sluggish iPhonerelated sales Taiwanese companies seen as a bellwether for the global information technology industry are struggling to boost earnings. November revenue for 19 leading Taiwanese IT businesses totaled 1.11 trillion New Taiwan dollars ($34.9 billion), down 0.04% from the same month a year earlier. Though the dip was smaller than the 6.4% decrease for October, sales declined year over year for a third straight month. Revenue grew at 11 of the companies, four more than in October.
The Japanese electronics maker has told Samsung that its LCD panel joint venture with Taiwanese parent Hon Hai Precision Industry will cease supplying LCD panels for TVs to the South Korean electronics maker next year. This has moved Samsung to approach archrival LG group, a fellow South Korean conglomerate which fiercely competes against Samsung in flatpanel TVs, panels and other fields. LG Display has indicated that it will consider Samsung’s highly unusual request with a positive attitude -- but “it is difficult to predict if their negotiations will lead to an agreement,” said a South Korean stock analyst. Samsung makes liquid crystal display panels by itself and also procures the key TV component from Chinese manufacturers, such as BOE Technology Group, as well as
AU Optronics and other Taiwanese companies. Aside from hoping to start buying panels from LG Display, Samsung likely is looking to procure more from BOE and other existing suppliers. Due to their strong rivalry, Samsung and LG have only had limited dealings in the electrical machinery business. But Samsung approached the LG group recently for potential procurement of cellphone batteries when it was hit by a scandal involving combusting smartphones, a problem that was deemed to be caused by defective batteries. Even if Samsung is able to procure LCD panels from LG Display, however, using different suppliers will require adjustments in the manufacturing process. This likely will result in increases in TV production costs, and thus lower profit margins.
Taiwan Semiconductor Manufacturing Co., the world’s largest chip foundry, saw revenue soar 46.7% to NT$93 billion. The company achieved its second-highest monthly total ever, despite November not being the heaviest month for shipments of smartphone-related products.
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50 flats in Goa for Rs 40 crore Realty firm Tata Housing has sold 50 housing units in Goa in three days for about Rs 40 crore, bucking the overall sluggish trend in property market.
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Tata Housing has listed all its projects online spanning affordable
The Mumbai-based developer had partnered Amazon to sell this project. “In a record three days, the project has sold over 50 units across limited 1BHK-3BHK units starting 39 lakhs to Rs 1.4 crore,” the company said in a statement. Sources said the sales booking in the value terms stood at about Rs 40 crore.
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premium and luxury segments. The company has 29 projects with around
In this project, Tata Housing is offering a plan under which buyers have to pay Rs 7.99 lakh now and nothing for the next 36 months for the 2-3 BHK apartments. Spread across 5 acres, Rio-De-Goa is a premium resort themed residential project.
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70 million sq ft under various stages of development at 13 locations across .
It is strategically located near the Goa International Airport at Dabolim and only 4-5 km from the Bogmalo beach. Tata Housing is selling home online from December 2013 when it partnered with The Great Online Shopping Festival by Google.
Dubai Developers in Mumbai to Court Dubai developers are in India for a weekend property expo where they hope to court the emirate’s largest segment of foreign real estate investors. The Dubai Property Show opened Thursday at the Bandra Kurla Complex in Mumbai, where developers of mid-range to luxury residential properties in the emirate are showing off newly constructed. On proreic tectotas cor iditatus dem. pro beaque laborunt as dolorem nesse cum inveligenis et ullamendae. Nam dolum sus nest aperorum.
DESIGN PEDIGREE Victorian mansions served as the inspiration behind the villas, which feature soaring ceilings. A chandelier made of K9 crystal hangs 26 feet above the atrium floor. www.businessnewsletter.com
Hyundai, Kia target sales rebound after first fall in 18 years Hyundai Motor (005830.KS) and affiliate Kia Motors (000270.KS) on Monday forecast global sales to rebound in 2017 by a stronger-than-expected 5 percent, after posting their first annual sales fall in nearly two decades last year. Sales could get a lift this year with emerging markets such as Russia stabilizing.
Businesses create
Entrepreneurial efforts encourage local development, and the collective force of entrepreneurs has an impact on the overall.
What is the role of entrepreneurs in economic development? RISING COMPETITION Hyundai Motor likely clocked its fourth straight annual profit decline in 2016. Sales were hit by its sedan-heavy line-up, which meant it missed a boom in SUV demand.
Entrepreneurs create jobs, disperse wealth and encourage regional development. Entrepreneurs are the basis of economic development, because they create new businesses and products separate from large
primary purpose of business A business may take several forms: a sole proprietorship operated by a single person, a partnership owned by two or more individuals or companies, or a corporation owned by thousands or even millions of shareholders. No matter the organizational structure, profit is the ultimate goal in business. Non-profit businesses are not technically in business to turn a profit, although they attach monetary value to their desired outcome and use this when measuring their success.
Entrepreneurs are essential to economic development. Since entrepreneurs are self-employed and create new businesses, they stimulate the local economy in many ways. Their new businesses create jobs that were not there before, which reduces the unemployment rate and puts more money into circulation. Producing new goods and services also helps stimulate the flow of money. These smaller businesses keep wealth distributed much better than larger corporations. Entrepreneurial efforts encourage local development, and the collective force of entrepreneurs has an impact on the overall economy for the country. Entrepreneurs also contribute to local and national happiness due to adding jobs.
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5 Innovative Online Business Ideas Based On Car Industry
Tata Motors launches Xenon Yodha priced Homegrown auto major Tata Motors today launched its new pick-up vehicle Tata Xenon Yodha with price starting at Rs. 6.05 lakh. The pickup, which is endorsed by Bollywood star Akshay Kumar.
In society, transportation is needed by everyone. Transportation mediums can be present in different types, such as cars, bikes, and more, but the truth is that car-based transportation acts as the most basic necessity.
Future-ready
Since every successful business idea is based on necessity and demand, therefore, we researched for most profitable business ideas based on transportation, and while doing so, we found business ideas based around cars to be among the most profitable business ideas. The Internet has brought many advantages with itself with the biggest advantage being providing a platform for offline business to go online.
We then zeroed in on an eight-litre engine which our joint venture at Pithampur (VE Commercial Vehicles or VECV) is already producing.
Powered by a 3 litre diesel engine, the new Tata Xenon Yodha is available in both BS III and BS IV compliant versions. The single cab BS III version starts at Rs.6.05 lakh while the single cab BSIV option price starts Rs. 6.19 lakh, the company added. Tata Motors Executive Director Commercial Vehicles Ravi Pisharody said, “Besides bolstering our presence in the growing pick-up space, the new Xenon Yodha will also enable us to partner existing mini-truck customers,
aspiring the next phase of growth, to upgrade to a reliable stylish pick-up particularly in the post GST regime...” This is expected “on the back of improved road infrastructure, which will see the hub and spoke model of distribution, become more and more prominent”, he added. He further said, “With this new range, we are confident of extending our lead in the light commercial vehicle category, complementing the success.
Vauxhall Adam Has Its Own Sense of Style With a name as playful as the Adam, it’s unsurprising that this new Vauxhall has plenty.
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Evergrande draws eight strategic investors for Shenzhen listing China Evergrande Group, the country’s second-largest property developer, said it has introduced eight strategic investors to fund its back-door listing in Shenzhen.
“We have enhanced drivers’ self-esteem and they know that they are handling high responsibility,” said Sriprasad.
The investors, who will contribute 30 billion yuan in total, will jointly own 13.16 per cent of the enlarged equity interest in Hengda Real Estate, a wholly owned subsidiary of Evergrande, according to a company filing to
Volvo Buses reboots 9400 range in synergy drive When the Bengaluru-based Volvo Buses launched its new 9400 intercity coach range some weeks ago, it was part of a strategic business plan. This also involved the Volvo-Eicher joint venture, VE Commercial Vehicles, which operates out of Pithampur in Madhya Pradesh. “We thought it was an opportune time to package a couple of things we have been doing on/off the product and time it with the new Bharat Stage IV emission norms,” said VRV Sriprasad, Managing Director, Volvo Buses – South Asia, in a recent interview. The 12, 13.8 and 14.5-metre coaches within the 9400-brand umbrella have had engines of seven, nine and 11 litres, respectively, that are BS III-compliant and imported from Europe. With the new BS IV regime coming into force from April this year, Volvo Buses decided to go in for some rationalisation of its powertrain options.
“We then zeroed in on an eight-litre engine which our joint venture at Pithampur (VE Commercial Vehicles or VECV) is already producing. joint venture at Pithampur (VE Commercial Vehicles or VECV) is already producing and supplying to Europe.
the Hong Kong stock exchange on Monday. After the deal, Evergrande’s core real estate business would be valued at 228 billion yuan, more than four times its current valuation in Hong Kong, according to calculations by the South China Morning Post. Hong Kong-listed Evergrande has been actively seeking to shift its key real estate business to Shenzhen, where a higher valuation will make it easier for the debtladen developer to raise funds. In October last year, Evergrande said it will inject its assets in Hengda Real Estate into Shenzhen Special Economic Zone Real Estate & Properties (Shenzhen Real Estate), in return for shares, which will make Evergrande’s real estate unit into the controlling shareholder of the Shenzhenlisted company. “The capital increase will serve to raise fund as well as to allow the group to maintain the public float of Shenzhen Real Estate upon completion of the proposed reorganisation,” said Hui Ka-yan, chairman of Evergrande in a company filing.
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Brigade Group to hive off hotel business from real estate Brigade Enterprises, Bengaluru-based real estate developer, is planning to hiveoff its hotel business and bring hotel, clubs and convention centre businesses under Brigade Hotel Ventures Ltd.
“After the separation or transfer of assets to the Brigade Hotel Ventures, investors can be brought in to scale the business and to increase number of properties,” he added.
The company’s board recently took a decision to approve scheme of arrangement to shift three business undertakings of the company on a going concern basis to the new entity Brigade Hotel Ventures Ltd.
The appointed date for transfer is October 1, 2016. Consequent to the transfer of the undertakings, the company is expected to issue and allot optionally convertible redeemable preference shares (OCRPS) or by payment of cash or cash equivalent consideration or both.
All the three transferee companies – Brigade Hospitality Services and Augusta Club, respectively, are wholly-owned subsidiaries of Brigade Enterprises. “The company took a call to separate hotel and real estate business to enhance the shareholder value and also to attract investors to the hotel business. In the present structure, it is not possible to bring in new or fresh investors,” Suresh Kris, Executive Director and CFO, Brigade Enterprises, told BusinessLine.
Philadelphia Real Estate and Beyond
Hotel Monaco Breaking Ground, Opening Summer 2012- The Hotel Monaco Philadelphia, part of the Kimpton Hotel Group, will break ground imminently and open next summer. The hotel will overlook Independence Mall in the historic Society Hill neighborhood and be located adjacent to the Bourse and the National Museum of Jewish History. The main perks for Philadelphians will be a rooftop bar.
Frank L. DeFazio, Esquire Prudential Fox & Roach Realtors 530 Walnut Street, Suite 260 Philadelphia, PA 19106 Telephone: 215.521.1623 Direct Fax: 888.308.1148 E-mail: Frank@CenterCityTeam.com www.CenterCityTeam.com
According to Kris, the entire process of hiving-off is expected to take six months which include receiving court permission and orders. Talking about the current hotels in the company portfolio, Kris said: “At present, we have three hotels in operation – Grand Mercure in Bangalore, Mysuru and Sheraton Grand Bengaluru Hotel. In a month’s time, Holiday Inn Chennai will be operational and later Holiday Inn Express.