Connect with us

Startup

Retailer’s Body says that Weekend Curfews and Partial Lockdowns are Hurting Business

According to the retailer’s body (1), more than 45% of the business for the entire week happens over the weekends. The agency further stated that retailers had faced losses over the previous four months due to the lockdown. Retailers now depend on the weekend business for an aid from the financial stress they are facing. […]

Avatar

Published

on

According to the retailer’s body (1), more than 45% of the business for the entire week happens over the weekends. The agency further stated that retailers had faced losses over the previous four months due to the lockdown. Retailers now depend on the weekend business for an aid from the financial stress they are facing.

The local authorities in some states are imposing strict lockdowns on weekends. The move is setting back the recoveries of the retailers, the body added. 

Retailers’ body further stated that India’s retail industry is struggling to get back on its feet. It is facing constant obstacles at the local and state level. It includes weekend curfews and partial lockdowns. The move is most likely to continue to hurt the retail business while dampening the consumers’ sentiments. 

Retailer’s Body: Imposing Irrational Weekend lockdown is Crippling the Sector

More than ten states are imposing irrational weekend lockdowns. It includes Punjab, Kerala, Haryana, Madhya Pradesh, Jammu and Kashmir, Uttar Pradesh, Nagaland, and others, says the retailer’s body.

Kumar Rajagopalan, RAI Chief Executive Officer, further added that these reactions are crippling the retail sector while also affecting gravely to the economy. The retailer’s body has urged the central and state government to work collaboratively to support the retail industry revival. 

Kumar further stated that India has a consumption economy. If the retail industry suffers, it would have a grave effect on the value chain, including manufacturing, entertainment, and many other enterprises.  

As per the retailer’s body, most retailers have 60 to 70% fixed costs. It includes rents, salaries that make a large part of the fixed price. These costs, along with low margins, is leaving businesses with limited to no flexibility. It has already started to layoff, and downscaling operation says, Kumar. 

In such difficult times, it is vital to keep the stores open all day and for extended hours. Only such a move would help retailers to get back from the financial stress the sector has been facing. 

The retailer’s body has also claimed that there are continued weekend and partial lockdowns, notwithstanding the orders of MHA. It is suggesting that there is a lack of coordination between the states and the center. 


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

Source: https://timesnext.com/retailers-body-says-that-weekend-curfews-and-partial-lockdowns/

Startup

Is coronavirus a prelude to war? New video surfaces of China’s nuclear-capable H-6 bomber carrying a large hypersonic missile

Is coronavirus a prelude to war? With this question, we’re not suggesting that coronavirus was engineered in a lab as a bioweapon or being used as a bioweapon. The point is more about the lack of preparedness and the fact that […]

The post Is coronavirus a prelude to war? New video surfaces of China’s nuclear-capable H-6 bomber carrying a large hypersonic missile appeared first on Tech News | Startups News.

Avatar

Published

on

Is coronavirus a prelude to war? With this question, we’re not suggesting that coronavirus was engineered in a lab as a bioweapon or being used as a bioweapon. The point is more about the lack of preparedness and the fact that everyone was caught off guard. Not many people saw it coming.

Now, something bigger may be on the horizon–China’s war with Taiwan. As Professor Li FEI of Taiwan Research Institute of Xiamen University (China) pointed out, “China’s war with Taiwan is much more likely than a military confrontation with the United States. As the rest of the world battle with coronavirus, China continues to arm for war, becoming ever more dangerous.”

Back in September, we wrote about China after the Chinese Air Force released a two minute and 15-second video showing its H-6 bombers carrying out a simulated attack on what appears to be Andersen Air Force Base on the U.S. Pacific island of Guam. The video, which was released on Saturday on the People’s Liberation Army Air Force Weibo account, came as China carried out the second day of drills near Chinese-claimed Taiwan, to express anger at the visit of a senior U.S. State Department official to Taipei. The video is called “The god of war H-6K goes on the attack!”

Now, a little over a month later, a new video circulating on social networks shows a Chinese H-6N bomber with a weapon system. Since the new type of X-6 bomber debuted only last year, military insiders said the new weapon system is a new hypersonic cruise missile. As China stepped up its war preparations with Taiwan, the Chinese Air Force is deploying hypersonic missiles at several military bases across from Taiwan. This new type of missile gives the Chinese Airforce a significant advantage over Taiwan’s anti-ballistic missile shield due to the glide vehicle’s unpredictable ballistic trajectory.

A Chinese civilian recorded the bomber as it was landing at Neixiang Ma’ao air base in central China. In the video, the H-6N bomber is seen carrying a large missile with the telltale nose shape of a weapon that can travel faster than Mach 5. The missile itself appears to have a sharp, wedge-like nose similar to those seen on a new Chinese hypersonic weapon system. The weapon may even be nuclear-armed, making the blazing-fast projectile particularly deadly.

In another social media video, China military aviation researcher Rupprecht Deino wrote:

“For the first time a H-6N was seen landing with an air-launched Anti-ship ballistic missile (ALBM/AShBM). This missile so far labelled as CH-AS-X-13 is often referred to the DF-21D but here it looks almost to feature an DF-17 like hypersonic glide vehicle (HGV) on top the rocket”

In 2018, Chinese researchers successfully tested its first hypersonic missile named XingKong-2 hypersonic aircraft. XingKong-2 or Starry Sky-2 is an experimental waverider hypersonic flight vehicle that gains its lifting power via the shock wave created by its own flight. According to the China Academy of Aerospace Aerodynamics, Xingkong-2 reached an altitude of 30 kilometers and a speed of Mach 5.5-6. The Xingkong-2 is still in the trial phase and more tests are expected.


Source: https://techstartups.com/2020/10/23/coronavirus-prelude-war-new-video-surfaces-chinas-nuclear-capable-h-6-bomber-carrying-large-hypersonic-missile/

Continue Reading

Startup

China-based EdTech startup Yuanfudao raises US$2.2 billion in funding for its online education platform; making it the world’s most valuable EdTech company

Yuanfudao, China’s leading online education platform announced it has secured $2.2 billion Series G1 and G2 funding to further boost its educational technology innovation, accelerate new curriculum product development and expand its online education service system. The G1 financing round was […]

The post China-based EdTech startup Yuanfudao raises US$2.2 billion in funding for its online education platform; making it the world’s most valuable EdTech company appeared first on Tech News | Startups News.

Avatar

Published

on

Yuanfudao, China’s leading online education platform announced it has secured $2.2 billion Series G1 and G2 funding to further boost its educational technology innovation, accelerate new curriculum product development and expand its online education service system.

The G1 financing round was led by Tencent, with participation from Hillhouse Capital, Boyu Capital, and IDG Capital. The G2 financing round was led by DST Global, with participation from CITICPE, GIC, Temasek, TBP, DCP, Ocean Link, Greenwoods, and Danhe Capital. The new funding brings the Yuanfudao’s valuation to $15.5 billion, making it the most valuable technology-driven education unicorns in the world.

Founded in 2012 Shuai Ke, Xin Li, and Yong Li, Yuanfudao is China’s leading online education platform that currently provides K-12 after-school tutoring, pre-school enlightenment, and adult education services to over 400 million users across China. Yuanfudao offers a comprehensive curriculum spanning from primary school English, Mathematical Olympiad to all-subject courses in secondary school. Its unique online feature and a large pool of quality teachers enable students to access live online tutoring at home taught by national renowned teachers, benefiting hundreds of thousands of students across the country.

Yuanfudao is the leading brand for China’s primary and secondary school online courses, while Zebra AI Class is the largest online course platform for preschool education in China. As of today, these two major online course platforms currently approximately 3.7 million students using their regular-priced courses, making Yuanfudao the largest online education company in China by the number of students.

Headquartered in Beijing, Yuanfudao has established a number of teaching & research centers and branches across China, including in Wuhan, Xi’an, Zhengzhou, Nanjing, Chengdu, Jinan, Changsha, Tianjin, Chongqing, Shenyang, Changchun, and Hefei with more than 30,000 employees. In March 2020, Yuanfudao announced that it would create 10,000 jobs across China and 5,000 jobs in Wuhan to support COVID-19 recovery efforts, as a part of the Company’s commitment to corporate social responsibility.


Source: https://techstartups.com/2020/10/23/china-based-edtech-startup-yuanfudao-raises-us2-2-billion-funding-online-education-platform-making-worlds-valuable-edtech-company/

Continue Reading

Startup

Hummer EV, GM’s first all-electric truck and rival to Tesla’s Cybertruck, sold out in the first 10 minutes of opening the pre-orders

Yesterday, General Motors unveiled its first all-electric Hummer, the GM Hummer EV. The Hummer EV line was launched in October 2020 through a live stream. The off-road luxury electric truck is a response to Tesla’s Cybertruck. The Hummer EV includes a pickup truck […]

The post Hummer EV, GM’s first all-electric truck and rival to Tesla’s Cybertruck, sold out in the first 10 minutes of opening the pre-orders appeared first on Tech News | Startups News.

Avatar

Published

on

Yesterday, General Motors unveiled its first all-electric Hummer, the GM Hummer EV. The Hummer EV line was launched in October 2020 through a live stream. The off-road luxury electric truck is a response to Tesla’s Cybertruck. The Hummer EV includes a pickup truck (SUT) and a Sport Utility Vehicle (SUV) that will be introduced in 2021.

Less than 24 hours after the launch, General Motors said it has sold out the first year’s worth of its hulking GMC Hummer EV electric pickup truck after a splashy video reveals on Tuesday, according to a confirmed report from Reuters. The GMC website showed a “reservations full” banner over the Hummer EV “Edition 1,” due to start production in the fall of 2021. The next version of the truck, the $99,995 Hummer EV 3X, is not scheduled to begin production until the fall of 2022.

The Hummer EV “Edition 1” is the sole model available for the first year and considered to be a limited edition that was available for pre-order by the end of the launch event on October 20, 2020. All Edition 1 are white with a black roof with bronze-colored wheels and a two-tone black and gray interior with bronze accents and Edition 1 badges.

Edition 1 has three electric motors with 1000 horsepower and comes fully loaded with the Extreme Off-Road package, which includes 35-inch mud-terrain tires, skid plates, and rock sliders. The Hummer EV Edition 1 broke records as it had sold out in the first 10 minutes of opening the pre-orders.

The least expensive Hummer EV, starting at $79,995, is scheduled to go into production in the spring of 2024, GM said. The Hummer EV was designed and engineered in 18 months, GM officials said during a presentation on Wednesday. The brawny truck can “crab walk” sideways on rough terrain using its four-wheel steering system, and has a “Watts to Freedom” mode that accelerates the truck to 60 miles per hour (97 kph) in 3 seconds.

The Hummer EV is very different from the Tesla Cybertruck but equally eye-grabbing design and a bevy of extreme performance features. The Cybertruck’s starting price is $39,900, though a model with 500 miles of range starts at $69,900. Tesla has begun building a factory in Austin, Texas to build the Cybertruck starting in late 2021.


Source: https://techstartups.com/2020/10/23/hummer-ev-gms-rival-teslas-cybertruck-sold-first-10-minutes-opening-pre-orders/

Continue Reading
Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Saas49 mins ago

Press Releases1 hour ago

Tous pour la 5G, la 5G pour tous

Press Releases1 hour ago

ProChile Announces New U.S. Commercial Representation

Press Releases1 hour ago

Rand McNally Announces New Ownership

Press Releases1 hour ago

Worldwide Thermal Energy Storage Industry to 2025 – Featuring Abengoa, Baltimore Aircoil & Brightsource Energy Among Others

Press Releases1 hour ago

Kellogg Company Declares Regular Dividend of $0.57 per Share

Press Releases2 hours ago

A New Must-Have Eyeshadow Palette for Those Too Busy to Worry About Their Makeup

Press Releases2 hours ago

Upscale Restaurant and Bar Dahlia Mexican Grill Opens in Historic Building, Downtown San Mateo

Press Releases2 hours ago

The MDS Foundation’s 3rd Annual MDS Awareness Walk is Going Virtual in Boston and Around the Globe on MDS World Awareness Day, October 25

Venture Capital2 hours ago

Tech Firms Leapt Into Remote Work. Now Comes the Hard Part

Press Releases3 hours ago

Advance America: The Quick and Dirty Guide to Understanding Credit Scores

Press Releases3 hours ago

Can an Installment Loan Help With Outstanding Rent Payments?

Press Releases3 hours ago

More People than Ever are Giving the Gift of Child Safety Locks from Kidzlock

Saas4 hours ago

7 Guidelines on Selling Some of Your Stock in a VC Round

Saas4 hours ago

The Top 5 Challenges to Starting a Successful SaaS Company

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Saas4 hours ago

Private Equity5 hours ago

Alternative Investments/Real Estate: Housing Market Demand Is “Insane”

Press Releases5 hours ago

EPRI Joins International Consortium to Overcome Barriers to Renewable Energy Integration

Press Releases5 hours ago

Wilmington Seniors Can Explore Medicare Options From Home: Free Online Webinars Offered By Wilmington Health

Press Releases5 hours ago

Drug Study Offers New Hope to Patients with Both Chronic Kidney Disease and Type 2 Diabetes

Press Releases5 hours ago

BiondVax Announces Topline Results from Phase 3 Clinical Trial of the M-001 Universal Influenza Vaccine Candidate

Press Releases5 hours ago

Rockpoint Group and The Swig Company Complete Sale of 300 Lakeside in Oakland

Trending