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Tata Motors Are In Search Of a Partner Who Can Irrigate The Business With Big And Long Term Investment

Julie

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Post lockdown impacts 

After February 2020, everything changed a lot from walking on your street to going abroad. You cannot walk freely without sensing fear. This fear took all over us. Europe and the USA faced the worst impacts of the pandemic. This pandemic was terrifying and telling people about the importance and value of their lives. Humanity is still fighting against it. Although we haven’t defeated this virus, the economy is open up to save people from starvation.

Festive season

As November is started, the month of festivals arrived. The whole month is filled with festivals. Maybe this festive season boosts the demand for motors among the public. These festivals will also help in removing the negative sentiments among society. Their purchasing power is reduced because of the recession arisen in companies. The reason for reduced demand is that they are saving more, instead of doing expenditure. This festive season might pressure the public to spend more, and they are doing too. As in the initial days of November, we have seen the optimistic emotion amid COVID dangers. The economy is also opening up, but the increasing day cases never letting it grow aggressively.

Economy impacted motor business

The pre-pandemic scenario was a normal scenario when there was no biological emergency declared, and everyone was traveling across nations so freely. Who knew that someone is carrying a virus in their travel luggage? All this started in China, Asia. The pre-pandemic scenario was when anyone with a visa and passport could travel, and the sentiment across nations is positive. The demand for motors was growing up as with the growth of GDP. But after lockdown, GDP fell 27% in the second quarter, and in the third quarter, it is expected to fall 10%, unhealthy for business.

Need investor 

This is a time when Tata motors need a long term investor. This is a tough time for Tata motors as they are suffering from paying many liabilities and earning less from investments. At this stake of time, they need an investor who knew the motor’s business and is ready to support it in its bad times. This partnership will add one more mind to the board of directors who drive direct tat motors shortly. The company’s unknown potential will be discovered in the coming period. Existing shareholders and investors are giving great support to the business.

Chandra’s indication for investor and investment

Chandra, the Tata motors group president, said in the interview if PTI searched for a long-time investment but not as an investor but as a business partner. His intelligence will also lead Tata motors in these difficult times, making our business survive difficultly. Our premium cars and vehicles faced jerk in demand. Chandra also mentioned about company future goals, that they are ready with new technology and innovation. They’ll lunch it in the coming sessions. He also told that their subsidization process is going on to remove the fear of existing shareholders.

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Texas Primed to Overhaul their Loan Legislation in 2021

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As you may know, for most loan companies the way in which they distribute loans is regulated by the state. This is true for the state of Texas, though some cities may differ in the small details of their loan legislation due to regional ordinances.  In the upcoming months, Texas is due to overhaul its current loan legislation. Here is why they have decided to make these changes and the differences you will expect to see with this change in loan legislation.

 

Why are they overhauling their loan legislation?

The main reason that Texas has decided to make changes to their loan legislation is because of the economic crisis that has been caused by the pandemic.  Due to a halt in the movement in companies, there has been less economic investment in Texas and the economy looks as though it is heading into a recession. Because of this, Texas is no longer able to offer loans to the degree that they were previously able to offer loans, simply because they can not afford it. The main focus of Texas right now is balancing the books and the best way they can do this is by ensuring that they are not offering money to people who are unable to afford it.

 

What will change?

Texas will no longer give out substantial loans unless you have proof that you are able to pay them back. Specifically, they will not be as liberal as they have previously with giving people mortgages unless they are able to provide a substantial deposit. For many people, this is an impossible task, which means that not many people will be taking out mortgages. Though this may appear to be unfair, it will be really beneficial for the Texan economy. There have been too many instances of people taking out a mortgage and then having their homes foreclosed due to being unable to pay their scheduled payments. Limiting the number of people taking out loans that they are unable to repay, means that Texas’ economy will be much more stable in the long run.

 

Guarantors

With the loan legislation changes, there will also be an increased demand for home-owning guarantors. Previously you were able to use a guarantor that didn’t own their home. For some people, this meant that they were able to get a loan easily, but for the bank, this meant that they would lose out on money if the person who took out the loan was unable to pay how much they borrowed. Having a homeowner guarantor meant that they could have assets that they could fall back on.

 

What will this impact

Those that will be affected most by the change in loan legislation are those on a lower income with fewer collateral objects to offer as compensation. Texas is becoming much more selective with who they are giving loans to because they need to know that they will get the money that they have given away back. Something that they have chosen to do instead of simply providing cash loans is promoting title loans. Title loans are much more secure for banks as it allows them to have ownership of the vehicle of whoever took the loan out. Having ownership of someone else’s property serves as an incentive for them to repay the loan quickly. Usually, when implementing these loans, they will also add a large amount of interest on top. This will usually encourage people to pay their loans back faster, as the longer it takes for you to pay the loan back, the more expensive the interest will be.

 

If you are someone who is looking to apply for a loan but you are unsure whether or not you will qualify, don’t worry. You can take simple surveys online to find out how to qualify for a texas title loan. If you don’t fit the criteria at the current time, this doesn’t mean you won’t in the future, and knowing the current criteria means that you will be able to make changes to your lifestyle. It is also important to note that the laws just changed and there is any chance they will change again, so try to stay informed.

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The Role Of Technology In Expanding SMEs In This Festive Season!

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The festive season is one of the most important times for all the businesses regardless of the size and type of businesses. All the businesses wish to have the highest profits during the festive seasons by upgrading their businesses and attracting a wide range of customers. With the ongoing situation, only technology can help in improving the working in this festive season surely.

Many SMEs businesses are waiting eagerly for festive seasons to cover up all the costs. We are taking a look into guide how technology is assisting with the expansion of SMEs in the festive season.

Advanced technology for the growth of SMEs!

With the creative content, social media, and remarketing campaigns for tempting emails as well as persuasive landing pages and digital marketing teams are already difficult to work trying for best communicate deals. Potential customers can assist in gaining the attention of the new audience. Technologies can assist in improving the condition of the business in the festive seasons accordingly. By managing up the actions and strategies for business can help in the marketing funnel. Lastly, no need to be concerned about the cost as all of it is affordable for SMEs as well.

There are five critical areas of technologies that SMEs need to focus on that we have discussed in brief in detail mentioned below.

  • Acquisition:

digital marketing teams are required to invest in technologies for making simple for them and utilize data for the growth of the business and scale. You can consider improving the target audience can be done with affordable and easy to use marketing analytics applications.

  • Engagement:

in the covid-19, most sales for business sales are online driven from the covid-19. Technology assists in improving customer engagement to a great extent and attain potential benefits surely. With proper communication by the brands with customers, more sales are driven towards the brands. Especially considering the festive season, SMEs help in improving customer engagement through chat and push notifications.

  • Retention:

it is better to focus on the upcoming end of year sales is mainly customer retention. With the increasing use of technologies for predictive analytics for reducing churn as well as boosting revenue from the current customers. With the great potential of predictive analytics, businesses can manage to do great with revenues and increase ROI considerably.

  • Multichannel campaigns:

it has become really easy for online retailers to launch, optimize, and expand campaigns among different channels surely. With ai, marketers can attain maximum benefit surely, and SMEs will get insights into the workflows. It is an affordable option towards which everyone needs to be considerate of.

  • Data gathering:

last but not least, data is an essential part of online businesses. The tried and tested tech such as google analytics, Mailchimp, WebEngage, and others can be proven helpful to data gathering of the SMEs. For integration, web analytics with ad mediums, email automation, and CRM customer relationship management systems can help the business to grow better.

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Some Of The Major Tech Innovations Which Took Place In 2010

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This is 2020, and we are all set to enter 2021. This is a world of highly sophisticated and advanced technology, which has influenced every single aspect of our lives. Many of these technological progress took place in the year 2010. As a matter of fact, some of the most striking and impactful innovations happened in this year.

In the following section of this article, you will be offered a brief insight into some of the major technological innovations which brought about a massive change in our lives.

  • HD or High Definition:

Do you remember those days prior to the advent of HD technology? This technology took over the market at a rapid pace, and within a very short span of time, anything, which didn’t had HD touch, appeared to be back dated and old fashioned. Today, in the year 2020, almost 90 percent of television viewers in the USA, use HD sets and one fourth of them owns a 4K television. Latest innovations like Ultra HD and 8K are evolving rapidly, as new standards.

  • Second Screens:

Can you imagine a world without smart phones and tablets? All these devices constitute the second screen technology. Over the years, it has become so much popular, that today, we cannot imagine of surviving without using them. You would be astonished to learn, that there are more than 33 billion second screen devices, which are used throughout the world. Samsung and iPhone have always been the main players in this domain; with a major contribution from Apple. Apps are being used by millions of businesses from all over the world to offer better customer experience, in terms of communication, products, services and various other aspects. Since 2010, the use of apps has skyrocketed, and today, businesses, irrespective of their size or magnitude, are using apps to offer services of the optimum level to their customers.

  • Content:

Content has always been one of the major aspects as far as marketing and business promotion is concerned. However, little did we know that content would include stuffs like podcasts, texting, streaming, video and a combination of all of these. In today’s world, any type of content; irrespective of where it us created; whether in a living room or a studio, has a tremendous impact on various platforms, ranging from TikTok to OTT. People from all over the world are using smart devices to avail streaming services. This essentially means, that they are cutting cords with the cable service providers. This is where brands like Netflix and Amazon come into the picture. They have already captured a huge section; which was looking for an alternative to the traditional, wired Cable TV services.

  • Social Media:

There is no need to mention what role social media has played in the process of business promotion and growth. Social media platforms like Facebook, Twitter, Instagram and others have provided the perfect ground for the companies, who were looking for cost effective means to reach out to their prospective customers, located all over the globe. Apart from having a profound impact on the growth and development of business, social media has played a remarkable role in our day-today life. It has helped us to connect to every single corner of the globe; and converted it into a global village.

  • eSports:

Whether it is fantasy football or an inter-college sporting event; eSports have grown at a tremendous speed! Taking into consideration the fact that sports gambling is gradually being legalized in many countries; the concept of e-Sports has developed at a mind boggling rate. You will shocked to know that the total viewership of e-Sports has already exceeded a jaw dropping figure if 500 million; and its total economy has gone way past $ 1 billion.

  • Media Rights:

Media rights, which attained a new height in the year 2010 has added a new dimension to the concept of viewership as far as the television sector is concerned. When it comes to media rights, it is primarily more prevalent in live sports streaming. It has offered more transparency and flexibility, and at the same time, has ensured that monopoly or domination of a particular channel or media could be controlled to a great extent.

  • Paywalls:

This has been one of the major innovations during 2010. Paywalls have played an instrumental role when it comes to replacing physical content with a digital one. This is particularly true in case of news papers and different revenue models.

  • Connectivity:

In 2020, we are living in an age, where the concept of connectivity has reached its heights. With wifi, IOT, Mobile Data, Bluetooth, Cloud services; we have the most advanced and sophisticated mechanisms available to us, as far as connectivity is concerned.

  • Data Analytics:

Data is the driving force of all businesses. With the emergence of different types of data analytical tools and applications; it has become very easy to track every minute details, which in turn helps tremendously, when it comes to enhancing the functioning of a business.

These are some of the major tech innovations, which happened in 2010, and they have brought a revelation and played an instrumental role in shaping the digital world. New and advanced technologies are being worked upon, and don’t be surprised, if your mobile phone service provider offers you 10G connectivity within next couple of years! Technological advancement is happening at lightning speed!

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