Indian Economy: News and Discussion

Kumata

Senior Member
Joined
Feb 27, 2019
Messages
7,170
Likes
28,921
Country flag
Ya'll Nibbiars Actually Max cost the same as a NEO and jhunjunwala alreday strikes lower maintained deal with the various firms. The time was right for the negotiation and Akasa Air will be the first to Implement self check counter in India on the large scale. And will use digital technology to reduce the Manned power aircraft to achieve better cost savings.
Fact remains that Airbus have huge backlog ... while being is trying to catch up... naturally boeing will discount heavily... but airlines do not pay upfront.. secondly they look at overall cost of ownership over a cycle of 10 years or so... there is a reason why Indigo send their 320 CEO back and are adopting NEO's on big scale...

Problem with MAX is that it is always in news for wrong reasons...
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
23,661
Likes
84,545
Country flag
how about operating costs.. not sure if there is a compare available anywhere between Neo & max...
Ya'll Nibbiars Actually Max cost the same as a NEO and jhunjunwala already strikes lower maintained deal with the various firms. The time was right for the negotiation and Akasa Air will be the first to Implement self check counter in India on the large scale. And will use digital technology to reduce the Number of the Manner power to the aircraft ratios to achieve better cost savings.

Fact remains that Airbus have huge backlog ... while being is trying to catch up... naturally boeing will discount heavily... but airlines do not pay upfront.. secondly they look at overall cost of ownership over a cycle of 10 years or so... there is a reason why Indigo send their 320 CEO back and are adopting NEO's on big scale...

Problem with MAX is that it is always in news for wrong reasons...
Ya'll Nibbiars I heard there is a clause in the contract if the problem increase from a certain limits the cost will be borne by the manufacturers. Boeing is desprate for new large ordered there 787 are doing well but not the Max's.
 

Kumata

Senior Member
Joined
Feb 27, 2019
Messages
7,170
Likes
28,921
Country flag
Ya'll Nibbiars Actually Max cost the same as a NEO and jhunjunwala already strikes lower maintained deal with the various firms. The time was right for the negotiation and Akasa Air will be the first to Implement self check counter in India on the large scale. And will use digital technology to reduce the Number of the Manner power to the aircraft ratios to achieve better cost savings.


Ya'll Nibbiars I heard there is a clause in the contract if the problem increase from a certain limits the cost will be borne by the manufacturers. Boeing is desprate for new large ordered there 787 are doing well but not the Max's.
787 is also not doing good...there is a ban on it's delivery by USFAA. Vistara is waiting for their dream liners for almost a year now...they just got 2 so far & are waiting for 6 more if i remember correctly...


Funnily enough , New zealand air did so called POC with "Dreamliners" for "Project Sunrise" & when it was time for final order, lost the race to AIRBUS 350-1000 LOL
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
23,661
Likes
84,545
Country flag
787 is also not doing good...there is a ban on it's delivery by USFAA. Vistara is waiting for their dream liners for almost a year now...they just got 2 so far & are waiting for 6 more if i remember correctly...


Funnily enough , New zealand air did so called POC with "Dreamliners" for "Project Sunrise" & when it was time for final order, lost the race to AIRBUS 350-1000 LOL
Ya'll Nibbiars boeing has sold 1,500 787s veruses Airbus 900 A 350s. The A 350 has a backlogs of 438 Versues 787s 494. The Airbus got only two ordered last years for the A 350s.
 
Last edited:

Kumata

Senior Member
Joined
Feb 27, 2019
Messages
7,170
Likes
28,921
Country flag
Ya'll Nibbiars boeing has sold 1,500 787s veruses Airbus 900 A 350s. The A 350 has a backlogs of 438 Versues 787s 494. The Airbus got only two ordered last years for the A 350s.
2 .. i suspect... New Zealand air itself ordered 12 no's for project sunrise..
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
23,661
Likes
84,545
Country flag
Ya'll Nibbiars The Indian startups Unicorns needs atleast 15 billion dollars in the next 12 months, but only 5 billion dollars will be Projected to be Investeds. And Most funds have turned conservative, and are only cutting checks for early stages. Amd Expect at least another 60,000 job losses in next 12 months as more startups struggle to raise money's.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
23,661
Likes
84,545
Country flag
Ya'll Nibbiars It's loss-making, existing hotels are rapidly removing Oyo banners and branding, Oyo Townhouse their owned properties are few and far between. It's a dead co walking with Softbank looking to cash out.

 

Suryavanshi

Cheeni KLPDhokebaaz
Senior Member
Joined
Jun 5, 2017
Messages
12,685
Likes
55,896
Country flag
Ya'll Nibbiars It's loss-making, existing hotels are rapidly removing Oyo banners and branding, Oyo Townhouse their owned properties are few and far between. It's a dead co walking with Softbank looking to cash out.

Billa analysis why it failed?
 

FalconSlayers

धर्मो रक्षति रक्षितः
Senior Member
Joined
Oct 14, 2020
Messages
20,185
Likes
119,933
Country flag
Billa analysis why it failed?
These symbiotic companies like hotel booking, food delivery etc are BS, they should’ve been building or acquiring their own hotels after becoming big instead of partnering because then you have to give discounts to customers, and share profits as well which only make things worse for the industry even if it benefits the customers. I would rather make profits by growing food and selling it, or by buying it wholesale and selling at retail prices but won’t be doing shit like “buying ₹10 chips from neighbourhood shop and sell it with some discounts as well”. Investors are equally stupid.
 

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
23,661
Likes
84,545
Country flag
Billa analysis why it failed?
Ya'll Nibbiars

The OYO with a Broken Plans.

The troubles at OYO startups continue to reach alarming proportions. Massive layoffs, disgruntled hotel partners, poor customer experiences, governance issues and failure to deliver the brand promise standardised stay experience at predictable budget rates. The roots of this malaise can be traced back to a core start up ecosystem reality the Race to the pole position, for the winner takes all. Softbank knows it too well and therefore pushed its crown jewel into attempting to expand globally US, UK, Europe, Latin America, China all at once. And No consumer internet company has ever attempted such a feat earlier.

Besides deep pockets, amply enabled by Softbank which owns 50 percent in Oyo, it required massive recruitments, overselling by a stressed and overzealous sales team, onboarding new hotel partners with guarantees and promises which were not kept, and sometimes side-stepping governance issues. Oyo’s operations resemble more like a glorified real estate company that uses software. The audited March 2019 numbers shows that the 4 times the revenue growth necessitated recruitment in India to grow from 2,000 odd people to 8,000 plus people much in line with the four fold increase in revenue. A sales army to tie up independent hotels, capital outlay to standardise the hotel infrastructure, and regular expenditure to bring customers in point to the linear dependency of the business on staff and infrastructure like any hospitality company. The Numbers don’t lie. The unit economics of Oyo is under stress. 4.5 times Increase in consolidated revenues for the year ended March 2019 with widening Seven times increase in losses to 335 Million Dollars makes for a botched up story. The net loss as a percentage of revenue widening from 35 percent and total gross margin falling from 10.7 to the 7.1 percent during the same period points to the grim state of affairs.

The International expansion also gone bads. And The Oyo’s financials show that China contributed nearly 75 percent of its losses in the year ended in March 2019. The playbook for all its international operations, US and Japan included, is eerily similar overcommit to hotels with promises, under deliver to customers. And Almost all unicorns and modern day success stories are built with the lubricant called the venture fund. And venture capital exists to create large scale successes. That, in the process of doing so, many failures happen is a part of the deal. In fact, the venture capital power law curve states that Six percent of deals produce 60 percent of returns and half lose money. All top funds around the world try and therefore focus on getting more hits while ignoring fewer misses. Failure is pretty much part of the risk. What happens at Oyo matters for the start-up ecosystem in India. If Oyo, India’some one of the most valuable start up with marquee venture funds including Softbank, goes bad, it will have far reaching consequences for the start Ups ecosystem in general and funding in particular. The Bad Governance Being defined as a tech company counts for sure. The upsides consist of appealing to talent, attracting funding, accessing tax incentives and subsidies, and avoiding or delaying tax regulations and taxes.

The Oyo’s founder Ritesh Agarwal buying back stake from Lightspeed and Sequoia last year is not a regular story. There is more to it than meets the eye. SoftBank’s founder guaranteeing the founder of a SoftBank backed portfolio firm to invest in the same SoftBank-backed portfolio firm It’s all kosher. The fact that this was powered by a personal-guaranteed loan of 2 billion dollars by Masayoshi Son himself points to grave questions around the issue of governance. Financially, is such a thing possible?. How about Legality?. And Ethics?. All par for the course. Strange are the ways of the world. The Positioning oneself as a tech company exaggeration, outright lie or the truth is all shades of grey now. The Future is bleaks. And In a post Covid world, the hospitality industry is expected to be one of the topmost affected ones. It will perhaps have the longest cycle for things to revert to normal. Switching from growth at all costs to balancing growth with a path to profitability will be easier said than done. The current valuation which is a result of the massive international expansion may be an untenable one what with China contributing to 75 percent of the losses in the year ended March 2019. The OYO Rooms are finished will take any retail Inverstors will will even invest in It's.

images - 2022-05-24T163415.293.jpeg
 
Last edited:

Haldilal

लड़ते लड़ते जीना है, लड़ते लड़ते मरना है
Senior Member
Joined
Aug 10, 2020
Messages
23,661
Likes
84,545
Country flag
Ya'll Nibbiars Top Ten loss Making start ups FY 2022.

All all of them are from Bengaluru or NCRs.

1 . OYO Rooms 4,500 crores.

2 . UDAN 2,400 Crores.

3 . Phone Pe 1,800 Crores.

4 . PAYTM 1,800 Crores.

5 . Swiggy 1,700 crores.

6 . Unacademy 1,700 Crores.

7 . OLA 1,500 crores.

8 . Mesho 1,300 Crores.

9 . Daily hunt 1,200 Crores.

10 . Cred 1,000 Crores.
 

Kumata

Senior Member
Joined
Feb 27, 2019
Messages
7,170
Likes
28,921
Country flag
I just hope that Modi kaka do not go out and fund these hutiya's with public money to bail them out .. Already modi kaka is meeting Softbank founder...Same for so called startup as well....slowly funding tap are drying ....
 

Blademaster

Senior Member
Joined
Aug 19, 2009
Messages
3,599
Likes
11,345
Well done Well done Well done

View attachment 157280
I am not convinced on the viability of the hyperloop. For starters, how do you maintain complete vacuum of the tubes when you need to have ingress and egress from the vacuum tubes? Besides if there's an accident or a fire, there must be a way for the people to immediately evacuate without killing themselves in the process.
 

Global Defence

Articles

Top