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Euler Motors, a manufacturer of electric commercial vehicles, has announced that BigBasket, Flipkart, Udaan, along with some other e-commerce, hyperlocal and B2B delivery players, have placed an order with it for 2,500 EVs for intra-city deliveries. The companies will deploy Euler Motors Deliveries of these vehicles are scheduled to take place in the next six to eight months. The Delhi-based OEM is set to launch its first three-wheeler L5 cargo vehicle around the festive season. Currently, the company is already plying 300+ vehicles as part of a pre-launch pilot with e-commerce, FMCG companies for intra-city delivery in Delhi-NCR. Euler Motors claims that it has already clocked over 10 million km and helped reduce carbon emissions of over 1,000 tonnes, which is equivalent to 1 million litres of saved fuel. Euler Motors has demonstrated compelling advantages and a unique value set on these counts, stemming from superior technology, their design for Indian conditions and relentless focus on user experience, Hari Menon, Co-Founder, BigBasket said. To cater to rising demand for e-commerce purposes, Euler Motors also plans to expand its production capacity. The company has already raised funds from ADB Ventures, Blume Ventures, Inventus Capital India, Jetty Ventures. Euler Motors also manages a network of 100+ charging infrastructure in Delhi-NCR to support Electric Vehicles on the ground. Sujeet Kumar, Co-Founder, Udaan says: The full-stack approach that Euler Motors has taken to help companies transition to electric mobility has given us a lot of comfort in day-to-day operations of our fleet. We will soon focus on expanding our capacity and footprint to better meet our customers in more locations and in scale expectations,
For the first time, a private sector company in India has manufactured grenades and has handed over the first batch to the Indian Army in the presence of Defence Minister Rajnath Singh. These Multi-Mode Hand Grenades (MMHG) have been manufactured by Nagpur based Economic Explosive Ltd in collaboration with the Defence Research and Development Organisation (DRDO). This is perhaps the first time that ammunition for the Indian Army is being manufactured in India. The company, a wholly-owned subsidiary company of Solar Industries India Ltd., has already started the deliveries to the armed forces last month. According to the company statement, the first consignment of around one lakh MMHG has already been tested successfully for quality by the users and delivered. And to commemorate this achievement, a handing over ceremony was held on Tuesday at EEL Also present during the ceremony was the Indian Army Chief Gen MM Naravane, Lt Gen AK Samantra, DG Infantry and Dr G Satheesh Reddy, Chairman DRDO and other senior officials. When was the contract signed? In October 2020, the Nagpur based EEL and the Ministry of Defence had signed a contract for the supply of one million (10 lakh) modern hand grenades to the Indian Army and the Air Force. And the deliveries according to the contract are spread over two years from the time of the bulk production clearance (BPC). This clearance was given to the company in March 2021. More about the grenades These are going to be replacing the Grenade No 36 which is of World War I vintage design, and has been continuing till date. The modern MMHGs have a distinctive design which is flexible during defensive (fragmentation) and offensive (stun) modes. These are highly safe for carriage, accurate delay time, and reliability in usage. These have been designed by the Terminal Ballistics Research Laboratory of DRDO. And in 2016, the EEL took the technology from DRDO and absorbed it while maintaining the high quality in detonics. There were extensive trials which were undertaken by the Indian Army and DGQA in different terrains and temperatures between 201-18. The Ministry of Defence had floated the commercial RfP in 2019 and in October 2020 the contract was inked. The first trials of the Production Model were also carried out in varied terrains and extreme temperatures on all parameters as specified by the Infantry and DGQA. The company statement claims that against a GSQR requirement of 95 per cent reliability, the grenades which have been manufactured had highly superior reliability of 99.8 percent and has 100 percent indigenous content.
Hyderabad has begun a special mop-up drive to inoculate people who had been left out of the Covid-19 vaccination drive. The Telangana government hopes to vaccinate the city CoWin data suggests the state has administered 1.68 crore doses of the vaccine as of August 22. Of the total, 1.25 crore are first doses and the remaining 43 lakh second doses. The Hyderabad district has seen 35.69 lakh doses administered, including 26.2 lakh first doses and the remaining 9.4 lakh second doses. Chief Secretary Somesh Kumar visited a vaccination centre at the Old CIB quarters on Monday to oversee arrangements for the mop-up drive across Greater Hyderabad Municipal Corporation (GHMC) and the Secunderabad Cantonment Board (SCB) jurisdictions. According to the plans for the drive, two-member mobilisation teams will make door-to-door visits and identify in advance unvaccinated persons. The team members will then inform the persons concerned about the area The team will also paste a sticker on the door of households whose residents have been vaccinated. Kumar said following a review meeting with health department, SCB, and GHMC officials on August 21 that 175 mobile vehicles would be used for the drive. Twenty-five of these vehicles would serve the Cantonment areas, while the remaining 150 would serve Greater Hyderabad. Each vehicle will include two vaccinators and one data entry operator. The 10-15-day drive will cover 4,846 slums, colonies, and other areas in the GHMC area and 360 localities in Cantonment. Kumar has said adequate vaccine doses had been made available for all households identified. Appreciation certificates would be issued to Residents As per latest Union Health Ministry data, Telangana has 6,276 active Covid-19 cases. Its total death toll from the virus stands at 3,862.
By Bharath Sastry The e-commerce industry has been experiencing significant traction over time and covid has been a great catalyst. Its essential for e-commerce marketers whether they are marketplaces or subscription sites or online services to engage with consumers and build a brand. Hence its essential to have a winning marketing strategy. Here Go Narrow Focus: The first step that needs to be clear is the strategic area of focus for the brand. The area of focus needs to be narrowed down from a larger set of consumer opportunities. While there can be many consumer opportunities which are sizeable and seemingly attractive, its essential to narrow down on the opportunity where your brand can win. This requires a deep understanding of the needs of the consumer and an honest assessment of what the brand can offer and cannot. This is the step where most e-commerce startups fail as they tend to expand into many areas without understanding the strengths and limits of their brand. 2. Brand proposition: Once the area of focus is identified, the brand proposition or brand message or brand promise can be framed. This starts with identifying the consumer need or the The benefits that the brand provides to satisfy this need is the brand proposition. A great way to frame the brand proposition is to write down the features and benefits which make the offer compelling to the consumer based on the insight. The above two steps are long term in nature, they are seeds that you must sow for the tree that Now its time to scale up. then Wide 3. Communication: The brand message now needs to be communicated to consumers. For e-commerce brands, its obvious that digital media is going to play the primary role of communication. The first step is to leverage the brand Once this is maximised, there is opportunity to invest in brand building through video advertising in a sustainable manner, and performance channels like paid search. 4. Innovation: Consumer wants are constantly evolving and it is essential for brands to innovate to address them. Identifying these changes and formulating relevant products and services is vital to scale up. For example, with the pandemic leading to a behavioural shift of remote working, an e-commerce player in furniture can innovate to provide home-office solutions. Similarly, a traditional wealth management firm can attempt to provide remote wealth advisory, a traditional ad agency can start creating quick and snappy digital videos for their clients, etc. The above steps are the water that is regularly needed for the tree to grow and yield those fruits. Finally, its important to measure the marketing efficiency. There are many analytical tools and research methodologies to track efficiency of a campaign, from tracking improvement in site metrics as well as brand studies. Apart from these, an excellent way to measure the efficiency of marketing spend is to calculate the time taken for a new consumer or a cohort of new consumers to break-even and then become profitable. The point of break-even is the time when profits from the consumer purchases equals the marketing spend. The framework also implies that marketers need to behave differently at different stages. To go narrow, marketers need to be razor sharp and choiceful. And to go wide, they need to be creative and expansionist. So go forth with The author is CEO of Vistaprint India Read Also: Why an integrated brand strategy is vital and how can you develop it Follow us on Twitter,Instagram,LinkedIn,Facebook
Sumit Antil clinched India Antil55 m bettered his own record efforts in previous throws. The 23-year-old55 m effort, improved on his second throw of 68.08 m, which itself bettered his previous world-record first throw of 66.95 m. The F64 category is earmarked for athletes with leg amputation and compete with prosthetics in a standing position. The Sonepat native from Haryana lost his left leg below the knee in a motorcycle accident in 2015. Indian athletes have been on a blitzkrieg at the Tokyo Paralympics, having already achieved the country Avani Lekhara created history, becoming the first Indian woman to win gold in the Paralympics with victory in the R-2 women The Jaipur native scored a world record equalling 249.6, a new Paralympics record. Yogesh Kathuniya secured a silver medal in the discus throw event, with a distance of 44.38 m. Bhavinaben Patel also secured a silver medal after losing to Chinese table tennis star Ying Zhou in the singles table tennis class 4 final. Javelin thrower Devendra Jhajharia, a two-time gold-medallist, clinched his third Paralympics medal Jhajahria had won gold medals in 2004 and 2016, and pulled off his personal best of 64.35 m to secure second place. Sundar Singh Gurjar secured bronze in the same event with an effort of 64.01 m. High jumper Nishad Kumar set an Asian record on his way to silver in the T47 class. The son of a farmer, Nishad cleared 2.06 m, the same as American athlete Dallas Wise. Wise was also awarded the silver medal for his efforts.
A new variant of SARS-CoV-2, the virus which cause COVID-19, has been detected in South Africa and many other countries globally which could be more transmissible and evade protection provided by vaccines, according to study. Scientists from National Institute for Communicable Diseases (NICD) and the KwaZulu-Natal Research Innovation and Sequencing Platform (KRISP) in South Africa said the potential variant of interest, C.1.2, was first detected in the country in May this year. C.1.2 has since been found in China, the Democratic Republic of the Congo, Mauritius, England, New Zealand, Portugal and Switzerland as of August 13, they said. According to the yet-to-be peer-reviewed study posted on the preprint repository MedRxiv on August 24, C.1.2 has mutated substantially compared to C.1, one of the lineages which dominated the SARS-CoV-2 infections in the first wave in South Africa. The new variant has more mutations than other variants of concern (VOCs) or variants of interest (VOIs) detected worldwide so far, the researchers said. They noted that the number of available sequences of C.1.2 may be an underrepresentation of the spread and frequency of the variant in South Africa and around the world. The study found consistent increases in the number of C.1.2 genomes in South Africa each month, rising from 0.2 per cent of genomes sequenced in May to 1.6 per cent in June and then to 2 per cent in July. This is similar to the increases seen with the Beta and Delta variants in the country during early detection, the authors of the study said. According to the study, C.1.2 lineage has a mutation rate of about 41.8 mutations per year, which is about twice as fast as the current global mutation rate of the other variants. Virologist Upasana Ray noted that the variant is a result of numerous mutations accumulated in C.1.2 line in the spike protein which makes it a lot different than the original virus that was identified in Wuhan, China in 2019. It could be more transmissible and has potential to spread fast. Since there are so many mutations in the spike protein, it could result in immune escape and thus a challenge for the vaccination drive worldwide if allowed to spread, Ray from Kolkatas CSIR-Indian Institute of Chemical Biology, told PTI. Thus, controlling the transmission step itself by strictly cutting down the spread by following appropriately COVID-19 control measures is absolutely important, Ray, who was not involved in the study, said. Over half of the C.1.2 sequences have 14 mutations, but additional variations have been noticed in some of the sequences. Though these mutations occur in the majority of C.1.2 viruses, there is additional variation within the spike region of this lineage, suggesting ongoing intra-lineage evolution, the authors of the study noted. About 52 per cent of the mutations in the spike region of the C.1.2 sequences have previously been seen in other VOCs and VOIs. The spike protein is used by the SARS-CoV-2 virus to infect and enter human cells, and most vaccines target this region. The mutations N440K and Y449H, which have been associated with immune escape from certain antibodies, have also been noticed in C.1.2 sequences. While these mutations are not characteristic of current VOCs\/VOIs, they have been associated with escape from certain class 3 neutralising antibodies, the authors wrote. They noted that these mutations together with changes in other parts of the virus likely help the virus evade antibodies, and immune response, including in patients who have already developed antibodies for the Alpha or Beta variants. While the phenotypic characteristics and epidemiology of C.1.2 are being defined, it is important to highlight this lineage given its concerning constellations of mutations, the authors added.
By Srinath Srinivasan Catamaran Investment and Bessemer Venture backed Innoviti has been working towards digitalising some important financial processes in various supply chains. The startup aims to utilise a consumer It is an opportunity for retailers and brands to get to know the consumer more and accordingly serve better while managing their inventory more efficiently, He says that the startup boasts of one of the highest patent filings in the industry with 26 patents applied and two awarded. The startup has raised $35 million in the last five years. The company works with trained partners to understand what local retailers want and enable them to tailor their solutions on Innoviti The innovation becomes decentralised and happens where the actual users are. Then, our partners also make money tailoring solutions for very specific purposes of our customers, According to him, this is done for one important purpose that benefits the retailer. Sometimes he may lose it in the course of adopting a solution. This could be as simple as the ambience of a store or how he transacts with customers. We do not wish to change the retailer The startup also enables retailers and brands to incorporate dynamic pricing, creating offers and useful lending channels for customers. As a result, the brand This can be extended to retargeted marketing campaigns and providing competitive intelligence to brands, In addition to helping retain customers, the startup also makes payment modes, offers and lending options simpler across various card networks, government infrastructure like UPI and at any point-of-sale device. We have to do it at scale for various types of retailers, Agrawal says the role of a retailer today has evolved and a retail outlet is an asset serving multiple purposes. He could send the product to another outlet in the same city and that outlet could be delivering it. The end customer will not know this. This operation at scale opens up a huge market,
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold prices were trading flat in India on Wednesday, following global rates as investors awaited a key US jobs report. On Multi Commodity Exchange, gold October futures were trading flat with a negative bias at Rs 47,112 per 10 gram, as against the last close of Rs 47,120. Silver December futures were ruling at Rs 63,171 per kg, down Rs 195 or 0.31 per cent. In the previous session, silver futures ended at Rs 63,366. Globally, yellow metal prices held steady as investors awaited the US jobs report for clues on when the Federal Reserve might start reducing its pandemic-era stimulus measures, according to Reuters. Spot gold was steady at $1,813.93 per ounce, and US gold futures were down 0.2% to $1,815.10. Bhavik Patel, Senior Technical Research Analyst, Tradebulls Securities We have seen a shift in market sentiment amongst money managers as they have been positioning themselves based on the assumption that gold is moving higher. The recent increase of net long positions in gold resulted in an increase in their holdings by almost 30% compared to last week. Gold is comfortably moving above $1800 and the key statement from US Fed chairman which helped gold and equity market lift off was that the timing and pace of the coming reduction in asset purchases will not be intended to carry a direct signal regarding the timing of interest rate liftoff. Next trigger for gold would be jobs data for the month of Aug to be released this Friday. 46800 continue to be strong support and we don So buy on dips strategy is recommended and we may see gold prices either breaking $1825 on Friday or back to its range of $1785-$1810 depending on the jobs report number. Profit booking before the event is unlikely and so bias should be on long side in gold for traders. Abhishek Chauhan, Head Commodities and Currency, Swastika Investmart Weak consumer data yesterday helped Comex gold to move an inch high but is still trading in its sideways zone facing resistance at $1825-1835, if it manages to cross this level then a big upside move can be seen whereas immediate support is seen at $1800 and next support is at $1775. In Mcx gold, it is trading at its crucial support level of 47000 whereas resistance can be seen at 47400-47600. Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities COMEX gold trades marginally lower near $1814\/oz after a 0.3% gain yesterday. Gold is rangebound amid continuing debate over Fed Supporting the price is virus concerns, disappointing US and Chinese economic data and tensions in Afghanistan that is countered by continuing ETF outflows and general positive trend in equities. Gold may waver as market players may remain non-committal ahead of US jobs report however increasing challenges to the global economy may keep price supported. Amit Khare, AVP- Research Commodities, Ganganagar Commodities Gold and Silver are showing strength in daily chart and Momentum indicator RSI also giving positive signal, Gold is showing more strength corison to Silver, So traders are advised to create fresh buy positions in Gold and Silver near given support levels, traders should also focus important technical levels given below for the day : October Gold closing price 47120, Support 1 – 46800, Support 2 – 46500, Resistance 1 – 47450, Resistance 2 – 47750. December Silver closing price 63366, Support 1 – 62700, Support 2 – 62100, Resistance 1 – 64000, Resistance 2 – 64600. (The views in this story are expressed by the respective experts of the research and brokerage firm. Financial Express Online does not bear any responsibility for their advice. Please consult your investment advisor before investing.)
Researchers at the Indian Institute of Technology (IIT) Madras claimed to have developed Indias first indigenous motorised wheelchair vehicle that can be used not only on roads but also on uneven terrains. Called NeoBolt, it has a maximum speed of 25 kmph and travels up to 25 km per charge. It empowers wheelchair users with a convenient, safe and low-cost mode of outdoor mobility when compared to cars, auto-rickshaws or modified scooters, they said. NeoBolt is powered by a lithium-ion battery, the researchers added. According to the team, India currently imports 2.5 lakh of the total three lakh wheelchairs sold in the country annually. Products with comparable features are available only in the global market and are three to five times more expensive than those developed by the IIT Madras researchers. The researchers collaborated extensively with organisations and hospitals working for people with locomotor disability and built the products after factoring in their experiences and making constant design adjustments, the team said. While the wheelchair has been developed by the institutes Centre for Rehabilitation Research and Device Development, it has been commercialised through a startup called Neo Motion. Sujatha Srinivasan from the Department of Mechanical Engineering, IIT Madras, said the wheelchair will be available to users at an approximate price of The motor-powered attachment, NeoBolt, converts the wheelchair into a safe, road-worthy vehicle that can navigate any kind of terrain that we may normally encounter And do this comfortably as it has suspensions to absorb the shocks, Srinivasan said. Products with features comparable to NeoBolt are available only in the global market and are at least three to five times more expensive, she added.
Trailblazing shooter Avani Lekhara on Friday became the first Indian woman to win two Paralympic medals by claiming the 50m Rifle 3 Position SH1 bronze to add to an unprecedented gold she had secured earlier in the ongoing Games here. The 19-year-old Lekhara, competing in her debut Games, qualified second for the event with a score of 1176, including 51 inner 10s. In the fiercely contested finals, Lekhara totalled 445.9 to finish ahead of Ukraines Iryna Shchetnik, who let slip her grip on the medal spot with a poor third shot of 9.9 in the elimination. Lekhara had become the first Indian woman to win a Paralympic gold by claiming the top honours in the 10m air rifle standing SH1 event. That was also the first ever shooting medal that India had won in the Games. It was a tough final but Im happy to have made it into bronze. I could have done better than this. Its just what finals do to you, Lekhara said about her performance. It is an amazing experience to win two medals in my first Paralympic Games. These two are my pet events. I was really working hard for these two for so many months. I gave my 100 per cent in the last shot.? There are a lot of things on which I have to work, and I will definitely do better than this next time. There were a lot of distractions but I gave my 100 per cent to this, she added, referring to the celebrations that followed her gold medal. The Jaipur-based shooter, who sustained spinal cord injuries in a car accident in 2012 rendering her immobile, had fired a world record equalling total of 249.6, which was also a new Paralympic record. Prior to her, Joginder Singh Sodhi was the lone Indian to win multiple medals in the same edition of the Games when he fetched one silver and two bronze medals in the 1984 Paralympics. His silver came in shot put, while the two bronze medals were won in discus and javelin throw. Javelin thrower Devendra Jhajharia is the other multiple Paralympic medallist but all his three medals (two gold and a silver) have come in different editions of the Games. The gold in Fridays event was claimed by Chinas Zhang Cuiping with a new Games record of 457.9, while German Natascha Hiltrop took the silver with a 457.1 in the final. Athletes in SH1 Rifle have an impairment in their legs, for example amputations or paraplegia. Some athletes compete in a seated position, while others compete in a standing position. Lekhara is not done yet and will next be seen in the mixed 50m rifle prone SH1 event also featuring Deepak and Siddhartha Babu. She started shooting on the insistence of her father in 2015 at a Jaipur shooting range. She was angry at her condition and hardly had a desire to talk to anyone. For a change, I used to take her to JDA shooting range in Jagatpura, Jaipur where she developed interest in shooting, her father Praveen Lekhara had told PTI after the gold medal win in 10m air rifle competition. The youngster was also inspired by Olympic gold-medallist rifle shooter Abhinav Bindra after reading his autobiography, which was a gift from her father. A student of law, Lekhara made her debut for India in 2017 World Cup in Al Ain, UAE. In the mens event 50m Rifle 3P, Deepak failed to qualify for the finals after finishing 18th with a score of 1114. With Lekharas bronze, Indias medal tally has risen to 12. The country has won two gold, six silver and four bronze medals so far, an unprecedented and truly remarkable performance given that its combined haul for all previous Games stood at 12 before this.