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Eicher Motors Q2 results: Eicher Motors Q2 results: Net profit 9% up at Rs 373 cr

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Eicher Motors Q2 results: Eicher Motors Q2 results: Net profit 9% up at Rs 373 cr
New Delhi: Ltd (EML) on Wednesday reported a 9 percent increase in consolidated profit of Rs 373.2 crore for the September 2021-22 quarter, boosted by growth in the commercial vehicle segment amid a shortage of semiconductor sales of Royal Enfield motorcycles. The company posted a consolidated after-tax profit of Rs 343.34 crore in the same quarter last fiscal year, EML said in a regulatory filing.

Total operating income during the quarter was Rs 2,249.56 crore versus Rs 2,133.6 crore in the same period a year ago.

In the second quarter, two-wheeler manufacturer Royal Enfield sold 1,23,515 motorcycles, down 17.2 percent from 1,49,120 motorcycles sold over the same period in 2020-21.



VE Commercial Vehicles (VECV) – the company’s joint venture with Volvo – posted total sales volume of 15,134 units in the second quarter, up from 8,167 units in the same period last year, a growth of 85 percent, it added.

“The second quarter of FY 2022 saw a remarkable performance from Royal Enfield in international markets with growth of more than 130 percent over the corresponding period last year. Our consistent growth in volumes and global retail presence is evidence that the company is schedule to realize its vision of becoming India’s first premium global consumer brand,” said EML Director Siddhartha Lal.

At VECV, he said: “We continued to deliver on our continued growth momentum, supported by a robust recovery in HD (heavy), AMD (light and medium) and bus segments. Overall, the market picked up during the holiday season While consumer confidence As the year improves significantly, we see demand remaining strong and outpacing supply.”

Lal further said, “With the semiconductor and supply chain problem expected to ease in the next quarter, we are optimistic and ready for growth.”

Royal Enfield Executive Director B Govindarajan said this quarter was impacted by the ongoing global shortage of semiconductor chips, but the company remained committed to its suppliers to mitigate the situation and maximize deliveries.

“Going forward, we expect the supply chain situation to gradually improve and we expect parts availability to increase from Q3-FY22, which will allow us to further ramp up production,” he added.

In the second quarter, VECV posted an after-tax profit of Rs 18 crore. It had recorded a loss of Rs 7.2 crore last year in the corresponding period last year, EML said, adding VECV’s operating revenue was Rs 3,153 crore, up 80 percent from the same period a year ago.

VECV Managing Director and CEO Vinod Aggarwal said that with a focused approach, the company was able to deliver 85 percent volume growth in the second quarter, despite supply-side challenges.

“The CV industry is likely to grow based on pent-up replacement demand and demand for construction and infrastructure-related trucks. With a strong product portfolio and focus on retail excellence, we are well positioned to continue our growth path, he added.

Last quarter, the company launched the new high-end premium Volvo heavy duty trucks suitable for heavy mining, construction and long-haul applications designed to deliver higher operational efficiency, improving productivity and profitability for customers. increased, Aggarwal added.

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NC leaders see many opportunities, growth with news Amazon opens branch

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NC leaders see many opportunities, growth with news Amazon opens branch

KINSTON, NC (WNCT) — Amazon is coming to Kinston.

The company purchased a building on Enterprise Boulevard near several other manufacturing centers.

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City and county leaders said this is a major problem for the community. They said it will not only create jobs but could also help attract more large companies to East North Carolina.

“Watch what’s going on in East North Carolina,” said Mark Pope, senior vice president of North Carolina Global TransPark Economic Development. “Available Jobs and Opportunities.”

People are already working to get the new facility ready. It’s called a last mile facility.

“That large facility would send products and packages to this facility, and then it would go out from here and be distributed to residents, commercial properties,” Pope said.

The hub will bring new jobs to the area. Officials don’t know how many yet, but some job openings are already online.

“We would like all Kinstonians to be able to apply and accept the job here at our local Amazon hub,” said Mayor Don Hardy. “I think it’s a big problem and it’s going to mean a lot to our community.”

Hardy said this investment proves Kinston has a lot to offer.

“They see us growing,” he said. “They see that we are an asset and they see that we are a force to be reckoned with.”

This is not the first major investment in the region this year.

“We’ve announced more than 1,700 jobs, so a lot of capital investment … about $125 million,” Pope said. “Our region has been very lucky to attract businesses this year.”

Pope said with a name like Amazon coming to town, this won’t be the last big announcement.

“For a company like that to create jobs, a capital investment in the community is a lot,” he said. “People from out of state really notice, they say there’s staff, there’s education. That can attract other companies.”

Hardy said he doesn’t know when the facility will open. He and provincial officials will be talking to Amazon in the coming months to help with plans.

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Air quality in Delhi improving to ‘moderate’ levels; Night temperatures to fall further this week | The Weather Channel – Articles from The Weather Channel

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Air quality in Delhi improving to 'moderate' levels;  Night temperatures to fall further this week |  The Weather Channel - Articles from The Weather Channel
Pigeons sitting on a tree during a smoggy day in Delhi on Saturday.  (Rajesh Mehta/TOI, BCCL, Delhi)

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(Rajesh Mehta/TOI, BCCL, Delhi)

Wednesday 8 Dec: After a long time, Delhi has reported a significant shift in the General Air Quality Index (AQI), which has improved from ‘poor’ to ‘moderate’.

During the morning hours of Wednesday, the capital posted a total AQI of 180, and is expected to remain more or less the same for the rest of the day. AQIs between 201 and 300 are categorized as ‘poor’, while those in the range of 101 to 200 are considered ‘moderate’.

The early hours were foggy with minimum temperatures dropping to 10°C. Daytime mercury levels are expected to reach a maximum of 25°C.

Meanwhile, on the same day, the other major cities in India viz. Pune, Mumbai and Ahmedabad all registered their respective AQIs in the moderate category.

Meanwhile, several places in Delhi reported an occasional improvement in air quality by creeping towards the temperate range on Wednesday. These include North Campus DU, IGI Airport, Rohini, Lodhi Road and ITO.

On the other hand, Punjabi Bagh, Pusa, Shadipur, Mundka, Wazripur, Ashok Vihar, Mandir Marg, Dwarka Sector 8, Jahangirpuri, Chandni Chowk, RK Puram, Sirifort, Bawana and Sonia Vihar registered AQI in the ‘poor’ range .

AQI forecast for the rest of the week

According to the System of Air Quality Weather Forecasting and Research (SAFAR), moderate winds will keep the landlocked capital well-ventilated for the rest of the week, December 8-11.

VK Soni, head of the India Meteorological Department (IMD) Environment and Research Center, told the Times of India: “After the city got rain on Monday morning, the wind speed was good. Due to the sun, the mixing layer height is relatively higher, causing mixing of pollutants in the atmosphere. Better ventilation has caused the spread of pollutants.”

Despite favorable conditions, some deterioration in air quality is still expected with the AQI likely to rise to a ‘poor’ 235 on Thursday.

In addition, according to the IMD, a gradual drop in minimum temperatures of 2-4°C is also possible in most parts of northwestern India, including Delhi, over the next 4-5 days.

Air quality remains in the poor category from December 9-13 and then deteriorates marginally on December 14-15.

(With input from IANS)

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Vegan restaurant trend shouldn’t put global cuisine on the back burner

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Vegan restaurant trend shouldn't put global cuisine on the back burner

The restaurant industry as a whole has never received as much attention as it did during the COVID-19 pandemic. It was a rare day when the news cycle didn’t include a story about restaurant closures, job losses, food shortages, a shift to takeout, and the debate over which restaurants should receive financial support, why and how.

But if there was a trend in restaurants during the pandemic, it would be the move towards vegan restaurants, incorporating even the most meat-centric cuisines into their menus.

Veganism – eating no animal products or foods that rely on animal by-products, such as wine filtered with oyster shells – has made its way into the Capital Region restaurant scene, with a huge influx of plant-based restaurants thriving under this business model. In Troy, Burrito Burrito turns the Tex-Mex main course into a meat-free option and Meadowlark offers vegan exclusive catering, while The Hollow Bar + Kitchen in Albany has served as proof that a vegan restaurant can thrive. The result is a new cache of vegan restaurants in Albany – Bar Vegan, Wizard Burger, Healthy on Lark, Subculture – playing for the meatless people. Others (Troy Beer Garden, Herbie’s Burger) have included vegan items in their menus to cater to all taste buds and food preferences.

Eaters and food writers herald the transition to plant-based cooking as new and innovative, but in reality veganism is as old as food itself, even here in the Capital Region. That point is overlooked if we focus solely on the wave of new restaurants offering vegan options.

“For thousands of years, Indian, Asian and Middle Eastern foods were not vegan as a fad. It’s something we’ve always done,” said Aneesa Waheed, executive chef and owner of Tara Kitchen Moroccan restaurants in Schenectady, Troy, Guilderland and Wildwood, NJ. In her restaurants, her menu consists mainly of vegetable-oriented dishes that avoid animal products. the native ingredients used in Moroccan cuisine. Although fish, chicken and lamb are available in certain preparations, the menu is largely vegan and vegetarian, much like traditional North African cuisine.

This pattern is repeated locally elsewhere. While Lark Street and North Pearl Street in Albany have become hubs for vegan dining, long-standing restaurants just steps away serve vegan fare as main menu items. At Mamoun’s Restaurant on Washington Avenue, most dishes are made vegan, although they are not promoted as vegan. Nearby, at Umana Yana, veganism is in a collection of recipes centered on the south of the world, not as a principle, but as a tribute to the traditions surrounding those recipes.

“This is a matter of representation in veganism. Inclusion is very important,” said Andrea Shaye, operations manager for Capital Region Vegan Network. The organization offers a restaurant guide to establishments not normally included in the conversations about veganism, but Shaye said including those restaurants is vital in providing context on the long, robust history of vegan food and culture. The network also organizes the annual VEG OUT festival.

“There is so much power in the history of veganism, especially in religions like Buddhism and Jainism, that is not always seen in the media. It needs to be sorted out,” Shaye said.

Politics, economics, environment and religion dictated a culture’s eating habits. For most of history, meat and animal by-products were a rare commodity. While cheese and dried fish emerged as a means of preserving food, what we today call “farm food” stems from the limited or nonexistent use of animal products in cooking. Environmental conditions also limited the availability of meat, while some religions (such as Buddhism and Hinduism) prohibit or discourage the consumption of animal products. The recipes that emerged from these cultural constraints are the foundation of vegan cuisine.

“The vegan food culture, in a practical sense, goes back to human time. The practice of not eating meat, culturally around the world, is based on poverty. Unless you were extraordinarily rich, you would never have eaten meat. It just wasn’t feasible,” says Kristen Hartke, a vegan-focused food writer and recipe developer from New York City.

We still see these recipes on local menus: falafel. Greens and beans. Stewed lentils. Beans and rice. Steamed Paksoi. Nearly every ethnicity represented in restaurants in the Capital Region offers, in part, vegan dining options.

The marketing power of veganism has caused these restaurants to be overlooked as part of the larger vegan scene. As many as six percent of American eaters report being vegan or following a mostly plant-based diet, and the global plant-based industry in 2019 is valued at $4.5 billion, according to Plant Based Food Association reports. That number continues to grow, fueled by lab-developed products designed to mimic the usefulness and texture of animal foods.

“What’s interesting is that we’re seeing this paradigm shift. A lot of money is being put into technology-based food. Like other forms of technology, it’s only accessible to those with wealth and access,” Hartke says, adding that many forms of modern veganism defy the roots of vegan culture.

Vegan dishes, like any other meat or dairy based product, have as much history and fame in our local food culture as any other cuisine. The new vegan restaurants, which are mostly white-owned, overlook the deep history of non-white ownership of veganism, both as a cultural resource and a business venture. Talking about the rise of veganism as if it were a sudden fashion trend, without establishing the context of global veganism in our restaurant scene, could be considered cultural oppression.

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