BANGALORE: In Uber’s vision of the future, self-driving cars will whisk us everywhere, eliminating the need for its millions of human drivers.But as the ride-hailing giant prepares to sell as much as US$10 billion in stock to the public this week to help build those vehicles, a low-tech approach to the self-driving future is emerging in India: motorbikes that customers rent and drive themselves.Several startups - backed by big Silicon Valley venture firms and Uber’s Indian competitor, Ola - are betting that shared “two-wheelers” are better suited to wallets and transportation needs than the cars that are the heart of the ride-hailing industry.The traditional model of Uber and Ola is reaching its limits, said Vivekananda Hallekere, a co-founder and the chief executive of Bounce, which fields more than 6,000 motorbikes that people can pick up and drop off anywhere in the southern Indian city of Bangalore. The car rides are too expensive for most Indians, the … [Read more...] about Ride-sharing’s future? It may sit on electric motorbikes
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PETALING JAYA: AllianceDBS Research has advised investors not to accept the offer by YTL Corp Bhd to acquire a 51% stake in Lafarge Malaysia Bhd at RM3.75 a share as it believes that Lafarge could fetch higher valuations if it remains listed, on the back of improved outlook for the cement industry. “We expect cement demand to recover with the revival of several major infrastructure projects and this should help support prices,“ the research house said in a report last Friday. Several key projects such as the East Coast Rail Link, Bandar Malaysia, Klang Valley Double Tracking Project and Penang Transport Master Plan have recently been revived. As a result, AlianceDBS expects cement demand to improve, projecting a growth of 10% (FY19), 5% (FY20) and 5% (FY21). In contrast, Kenanga Research believes that this is a golden opportunity for investors to exit their investments in Lafarge regardless of a mandatory general offer exercise, due to the limited upside (+3 sen) to the … [Read more...] about YTL buys Lafarge: Game changer or time to exit?
By Eliot Brown WSJ Fri., May 3, 2019 In Uber’s vision of the future, most people won’t own cars. Riders will hop on electric bikes and scooters for short distances, and summon cars with drivers for longer rides. Takeout dinner will become a vestige, replaced by hand-delivered meals. Garages will empty and parking lots will be ripped up and transformed into grassy parks. Eventually, robots will rule. Self-driving cars will shuttle people around the roads—and in the air—while drones will make the deliveries. Robotrucks will roam the highways. And Uber will be at the center of it all. But first, there’s the question of whether Uber will ever make any money. As Uber gets set to go public next Friday in one of the largest tech IPOs ever, Chief Executive Dara Khosrowshahi is trying to sell Wall Street on his vision that Uber will become the dominant force in all forms of transportation. That mission is threatened by an onslaught of … [Read more...] about Uber wants to be the Uber of everything
Even if Aubrey’s immediate and more modest aspiration is to ‘make my own food, even make my own healthy recipe for myself every after I work out — more like a pre- and post-meal,’ she has set her eyes on higher culinary goals. But that’s just the way she’s wired. Unless you religiously follow Aubrey Miles, there are a few things you might have missed from the time she exploded onscreen in the early 2000s as the sexiest star to right now. And right now, she is a hyphenate — in a good way. In addition to remaining an actress — she appeared in GMA’s 2018 daytime romcom, Ang Pag-ibig Ko’y Ikaw, alongside Camille Prats — she has also become a personal fitness trainer, a racecar driver, a social media darling with 723,000 followers on Instagram and partner of actor-entrepreneur Troy Montero for the last 15 years and mother of three. Scroll through Aubrey’s Instagram feed and you’ll find … [Read more...] about Aubrey Miles on the art of cooking
STOCKHOLM: Sweden's Veoneer said on Monday it would seek up to US$500 million in new capital to help the maker of electronic car products cope with a downturn in the vehicle market and fund new product development.Shares in the company, which makes radars, visions systems, advanced driver assistance software and autonomous drive software that will benefit from driverless vehicle development, had fallen by 14 percent in Stockholm and New York by 1423 GMT.Veoneer has suffered as carmakers have extended their timeline for the mass adoption of self-driving vehicles and robotaxis due to regulatory and technological challenges and due to a slide in conventional car sales needed to fund development.The company's fund raising would dilute holdings of existing shareholders by up to 17.6 percent, based on its U.S.-listed market capitalisation of US$2.34 billion at Friday's close.Analysts had expected Veoneer to seek more cash after the loss-making firm pushed back 2020 sales and margin targets … [Read more...] about Sweden’s Veoneer to raise cash as driverless car progress slows