Latest news with #Infinity
Yahoo
3 days ago
- Automotive
- Yahoo
Three arrested following string of street racing incidents in Bellevue
Bellevue police arrested three people in separate street racing incidents, with two seen allegedly riding their motorcycles at around 120 miles per hour, the Bellevue Police Department (BPD) said in a release. The first incident happened at around 9:41 p.m. on Friday, May 23, when an officer saw an 18-year-old man with a modified muffler on his motorcycle near Factoria Boulevard Southeast and Southeast 38th Street, BPD posted. Police say he allegedly eluded officers multiple times and was seen going around 120 miles per hour on I-405. He was later arrested by Washington State Patrol (WSP) after he was found under an I-5 overpass on Lakeview Boulevard. Just after 10 p.m. on Friday, police arrested another 18-year-old man who was allegedly riding his motorcycle at 120 miles per hour in a 35 miles per hour zone, BPD said. The man was seen riding with four other motorcyclists near Larson Lake in Bellevue and was arrested for street racing, according to police. A third person was arrested on Monday, May 26, where police say the 16-year-old driver in a black Infinity was allegedly driving recklessly near Phantom Lake. Bellevue police say he was allegedly linked to a street racing group and he was booked in the King County Youth Detention Center.
Hindustan Times
3 days ago
- Automotive
- Hindustan Times
MG Windsor Pro rejuvenates appeal of Windsor EV with new offerings. All the features detailed
View all Images MG Windsor Pro was launched as a long-range iteration of the Windsor EV, equipped with a bigger battery pack and a more feature-packed cabin. Check Offers MG Windsor Pro was launched a few weeks back as a long-range iteration of the MG Windsor EV, which has become a major player in the Indian electric passenger vehicle market. The electric vehicle was launched in two variant choices - Exclusive Pro and Essence Pro, which are priced at ₹ 17.24 lakh (ex-showroom) and ₹ 18.09 lakh (ex-showroom). Just like the Windsor, the MG Windsor Pro also comes with battery-as-a-subscription (Baas) choice. The MG Windsor Pro comes packing a bigger 52.9 kWh battery pack, as compared to the 38 kWh battery pack of the Windsor EV. The bigger battery pack of the Windsor Pro helps the electric propulsion system churn out 134 bhp peak power and 200 Nm of maximum torque, which is the same as the Windsor. However, owing to the bigger battery pack, the Windsor Pro promises up to 449 kilometres of range on a full charge, as compared to up to 332 kilometres of range offered by the Windsor. Also Read : Upcoming cars in India Apart from the bigger battery pack, there is a host of features inside the cabin of the Windsor Pro, which make the SUV distinctive from the Windsor EV. Here is a quick look at the features the MG Windsor Pro offers. MG Windsor Pro: Key features on offer At exterior, the MG Windsor Pro comes equipped with LED projector headlamps, LED daytime running lights, LED front positioning lamps, LED taillights, illuminated MG logo, turn indicators on ORVMs, flush door handles, glass antenna, chrome finish on window beltline, etc. It runs on 18-inch dual-tone machined alloy wheels. Inside the cabin, the Windsor Pro gets ventilated front seats, aero lounge 60:40 rear split seats, front and rear height-adjustable headrests, multi-colour LED ambient lights, rear AC vents, PM 2.5 filter, a large 15.6-inch touchscreen infotainment system with wireless Android Auto and Apple CarPlay connectivity paired with a nine-speaker Infinity audio system, Type A and Type C USB chargers, cruise control, smart entry system. It also features V2L (Vehicle to Load) and V2V (Vehicle to Vehicle) technology. On the safety features front, it gets six airbags, Electronic Stability Program (ESP), Hill Hold Assist (HHA), Hill Descent Control, Emergency Stop Signal (ESS), a 360-degree camera, Tyre Pressure Monitoring System, disc brakes on all four wheels, Electric Parking Brake, rain sensing wipers. The Level 2 ADAS suite is another major tech-enabled feature, which comprises Traffic Jam Assist (TJA), Vehicle Safe Stop, Adaptive Cruise Control (ACC), Bend Cruise Assistance (BCA), Lane Departure Warning (LDW), Lane Departure Prevention (LDP), Lane Keep Assist (LKA), Intelligent Headlamp Control (IHC), Front Collision Warning (FCW), Automatic Emergency Braking (AEB), Automatic Emergency Braking-Pedestrian (AEB-P), and Intelligent Hydraulic Braking Assistance (IHBA). Check out Upcoming EV Cars in India. First Published Date: 29 May 2025, 12:12 PM IST
Yahoo
5 days ago
- Business
- Yahoo
Infibeam Avenues Ltd (BOM:539807) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Consolidated Gross Revenue: INR3,993 crore for FY25. Net Revenue: INR526 crore for FY25. Profit After Tax: INR210 crore for FY25, marking a 42% year-over-year growth. Rights Issue Approval: Up to INR700 crore to fuel growth initiatives. Merchant Base: Over 1.2 million merchants onboarded by Q4 FY25. Q4 Gross Revenue: INR1,160 crore, up from INR716 crore in Q4 FY24. Q4 Net Revenue: INR135 crore, a 28% year-over-year increase. Net Take Rate: Improved from 9.2 basis points in Q4 FY24 to 10.6 basis points in Q4 FY25. Q4 EBITDA: INR78 crore, a 25% increase from the previous year. Q4 Profit After Tax: INR50 crore, a 53% year-over-year increase. Full Year EBITDA: INR312 crore for FY25, a 23% increase from the previous year. Warning! GuruFocus has detected 2 Warning Sign with BOM:539807. Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Infibeam Avenues Ltd (BOM:539807) achieved its financial guidance for FY25, with consolidated gross revenue reaching INR3,993 crore, marking a significant increase from the previous year. The company reported a 42% year-over-year growth in profit after tax, reaching INR210 crore. Infibeam Avenues Ltd is expanding its international presence, particularly in the GCC region, with key clients like VFS Global, Nissan, and Infinity in Saudi Arabia. The company is investing in AI and digital infrastructure, launching initiatives like Infibeam Quantum Edge and to enhance its technological capabilities. Infibeam Avenues Ltd is rolling out innovative products like the CCAvenue SoundBox and RediffPay, aiming to revolutionize merchant payments and expand into consumer-facing digital payment sectors. Despite the growth, the company's return on equity is relatively low at 4%, which may concern shareholders. The expansion into international markets, while promising, involves significant regulatory and compliance challenges, particularly in the GCC region. The company's ambitious AI and digital infrastructure projects require substantial capital investment, with plans to raise up to INR700 crore through a rights issue. There is intense competition in the Indian digital payment space, which could impact Infibeam Avenues Ltd's market share and profitability. The company's strategy to not extend loans and credits to merchants may limit its ability to capitalize on the growing demand for credit solutions in the digital payment ecosystem. Q: Can you explain the pricing model for Infibeam Quantum Edge and Is it subscription-based, consumption-based, or bundled with fintech services? Where do you see the biggest early monetization opportunities? A: Vishal Mehta, Chairman and Managing Director, explained that the monetization model for Infibeam Quantum Edge and includes both enterprise and consumer models. The enterprise model involves a subscription-based approach, while the consumer model offers a certain number of free queries, after which charges apply. The focus is on developing agentic AI frameworks that allow developers to create and deploy AI agents, with monetization occurring when consumers or enterprises pay for these services. Q: Are there plans to enable credit services for merchants on your platform, and what infrastructure would be required for this? A: Vishal Mehta stated that Infibeam currently offers express settlement services, allowing merchants to receive payments on the same day instead of after three days. However, they do not plan to extend loans or credits directly to merchants. Instead, they aim to enable financial services through RediffPay, leveraging their existing merchant ecosystem and upcoming services. Q: What is the rationale behind the planned rights issue, given the company's current cash position? A: Vishal Mehta explained that the rights issue aims to build AI capabilities and position Infibeam as an AI-first fintech infrastructure provider. The company plans to invest in CapEx, including data center infrastructure, to support AI and fintech initiatives. The rights issue will partially fund these investments, with the remainder coming from internal accruals. Q: How does Infibeam plan to monetize the Rediff ecosystem, and when can we expect this to start? A: Vishal Mehta and Vishwas Patel highlighted that RediffPay will be a key strategy for consumer engagement, leveraging Rediff's existing user base. Monetization will occur through transaction-based revenues from UPI services, bill payments, and cross-selling financial services. They expect to start monetizing the Rediff ecosystem by the end of the next quarter. Q: What is the expected payback period for international infrastructure investments, particularly in Saudi Arabia? A: Vishal Mehta indicated that the expected payback period for international infrastructure investments is between one to three years. The company has invested in localization and compliance to support growth in the Middle East, with existing clients in India facilitating expansion in Saudi Arabia. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Yahoo
Woman killed in Long Beach crash after swerving car into Metro train
The Brief A woman was killed after swerving her car into a Metro train in Long Beach. Police said the woman had her headlights off at the time of the crash, and may have been speeding, impaired or both. A passenger in the car was hospitalized. LONG BEACH, Calif. - A woman was killed and another was injured after their car swerved into a Metro train in Long Beach on Friday night. Now, police are investigating whether the driver who died was speeding and/or impaired at the time of the crash. What we know The crash happened just before around 11:45 p.m. on Friday night, according to the Long Beach Police Department, near the intersection of 12th Street and Long Beach Boulevard. Officials said a woman was driving an Infinity south along Long Beach Boulevard "at a high rate of speed with no headlights on." That's when a man in a Honda turned south onto Long Beach Boulevard in front of the woman. SUGGESTED: Oxnard taco stand worker severely injured after Metrolink train, big rig collide The man, fearing he was about to be rear-ended, swerved into a guard rail. The woman driving the Infinity also swerved, but lost control and hit the Metro train, police said. First responders with the Long Beach Fire Department took the driver of the Infinity and her passenger to the hospital. The driver later died. What we don't know While the passenger in the Infinity was taken to the hospital, officials did not give any indication of her condition. The LBPD identified the woman who was killed only as a 21-year-old Compton resident. The cause of the crash wasn't immediately clear, but officials say they're looking into whether the Infinity driver was speeding or impaired. What you can do Anyone who knows anything about the crash should contact the LBPD at 562-570-7355. The Source Information in this story is from a Long Beach Police Department press release issued on May 24, 2025.
Yahoo
21-05-2025
- Yahoo
Man pleads to 2023 Haven Acres shooting
TUPELO – A Lee County man arrested nearly two years ago at the age of 16 and charged as an adult has pleaded guilty to shooting into an occupied Haven Acres house. Quintaveon Armstrong, 18, of Jan Street, Verona, pleaded guilty to the charge of shooting into a dwelling in Lee County Circuit Court on May 19. Judge John White sentenced Armstrong to 10 years in prison but suspended seven years of that sentence. When he is through serving the three-year sentence, Armstrong will have to serve an additional five years of post-release supervision. He must also pay $2,396.50 in court costs, a $1,000 fine and $500 in court fees. Police were summoned to a house in the 2000 block of Beasley Drive on July 15, 2023, at around 1:45 a.m. According to officials with the Tupelo Police Department, responding officers located an occupied home with multiple bullet holes. Multiple people were in the house at the time of the shooting, including children, but no one was physically injured. Police recovered ballistic evidence at the scene. One bullet was lodged in the house about 6 inches from where a baby was sleeping. Shortly after the shooting, police located a black Infinity sedan trying to leave the area and made a traffic stop. The four occupants of the car were detained. According to police, a search of the car revealed two stolen firearms. Armstrong, who said at the time he lived around the corner on Robert Kennedy Drive, was charged as an adult and initially held without bond. After he was indicted by a grand jury and arraigned, he was released on a $100,000 bond.
