Search Results

< Back US-China to lower tariffs by May 14 for 90 days 13 May 2025 The US will temporarily reduce the 145% duty to 30% for most Chinese imports. China will cut the tariff on US goods from 125% to 10%. The US-China tariff war halted trade for many companies, forcing them to pass the cost on to consumers. The US decided to implement a strategic reduction in tariffs, particularly for items of national security interest, such as medicine, steel, and semiconductors. The 90-day temporary tariff reduction will alleviate trade tensions between the two economies and facilitate smoother negotiations. If they fail to reach a reprieve within these three months, the tariffs could revert to their previous levels. During this period, the tariffs Trump applied earlier will remain in effect, which means automobiles, electronics, and pharmaceuticals may witness a slight price drop. These tariffs can still reduce US imports from China by 70%, Bloomberg reported. Tim Cook expects tariffs to cost Apple $900 million in the June 2025 quarter. Apple may raise its prices, thereby transferring the cost to consumers. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Rekha Gupta sworn in as Delhi’s 9th Chief Minister 20 Feb 2025 She’s the 4th Woman Chief Minister after Sheila Dixit, Sushma Swaraj, and Atishi. Marking BJP’s return to Delhi after 26 years, Rekha Gupta took oath as Delhi’s Chief Minister on Thursday. She won from Shalimar Bagh with 30,000 votes. Gupta, 50, began her political career as an Akhil Bharatiya Vidyarthi Parishad member in 1992 while pursuing BCom at Daulat Ram College, Delhi University. She became the Delhi University Students’ Union (DUSU) President in 1996-97 and completed LLB from Meerut in 2022. A three-time councillor, she developed Delhi’s first women’s park, Sita Vatika, and introduced battery-operated garbage trucks, a sexual harassment helpline, and underground parking. As Chairperson of the Women Welfare and Child Development Committee in the Municipal Corporation of Delhi (MCD), Rekha Gupta launched Sumedha Yojana to offer financial assistance to economically challenged female students. BJP chose her as the MCD mayoral candidate in 2022 against AAP’s Shelly Oberoi. Rekha’s nomination continues the female candidacy for Delhi’s CM position, contrasting Kejriwal’s 10 years. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back India to eliminate Google Tax from April 1 26 Mar 2025 India levied a 6% digital advertising tax to level the playing field between domestic and foreign digital businesses. To ease tensions with the US amid the tariff war, India has decided to eliminate the digital advertising tax, also known as the Equalisation Levy, from April 1st as part of the amendments to the Finance Bill. Under this regime introduced in 2016, payments made by Indian businesses to digital companies like Meta and Google were initially taxed at 6%, beginning in 2016. In 2020, the tax regime was expanded to include a 2% additional tax on Indian e-commerce companies with annual earnings exceeding ₹2 crore. The Indian government generated ₹3,343 crore through this tax in the current fiscal. India and the US set a target of $500 billion in two-way trade by 2030 during Prime Minister Modi’s visit to the US last month. The elimination of the digital tax is seen as a step in that direction. Moreover, the Trump administration threatened reciprocal tariffs from April 2 on countries that levied digital taxes. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Pavel Durov, CEO of Telegram, arrested on August 24th in France 26 Aug 2024 The French regulator OFMIN, which protects minors from violence, arrested the 39-year-old Russian-born Pavel Durov, was arrested on Saturday night outside Paris. OFMIN arrested Telegram Founder Pavel Durov on charges of lack of moderators and failure to mitigate the misuse of his messaging app by criminals. In 2006, Durov created VKontakte, Facebook’s Russian version. He quit VKontakte after a political spat with Kremlin-linked owners when he refused to block the Russian opposition leader Alexei Navalny’s account. He eventually left Russia in 2014 and obtained citizenship of the Caribbean Island archipelago of Saint Kitts and Nevis. He became a French citizen in August 2021 and is reported to hold UAE citizenship, too. He founded Telegram in 2013 as a neutral and uncensored platform and headquartered it in Dubai. Durov, the 121st richest globally, is accused of organised crime, drug trafficking, promotion of terrorism on his platform, cyberbullying, and fraud. Russia tried to ban Telegram in 2018 after Durov refused to allow the state security agents access to users’ messages. Previous Next

Leur alliance créera la troisième plus grande entreprise automobile mondiale après Toyota et Volkswagen. < Back Honda et Nissan prévoient de fusionner d’ici 2026 Leur alliance créera la troisième plus grande entreprise automobile mondiale après Toyota et Volkswagen. D’ici la fin de l’année 2025, Honda et Nissan prévoient de conclure leurs négociations de fusion et de créer une nouvelle société d’ici août 2026. Ils prévoient un chiffre d’affaires combiné de 191 milliards de dollars et un bénéfice d’exploitation de plus de 19 milliards de dollars. Le groupe Mitsubishi a été invité à participer aux négociations et soumettre sa réponse d’ici janvier 2025. La nouvelle société formée par ces trois entreprises pourrait valoir 50 milliards de dollars. Nissan est en crise depuis que son ancien président Carlos Ghosn a renoncé à sa caution au Japon et s’est réfugié au Liban en 2019. Il a été s’accusé de mauvaise conduite financière. Nissan prévoit une réduction de 20 % de sa capacite de production mondiale et 9 000 licenciements en raison de la baisse des ventes en Chine et aux États-Unis. Honda connait également une baisse de ses ventes en Chine. Ne manquez pas un autre post de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back Tessolve buys German Dream Chip as Hero plans to sell its 30% stake 8 Nov 2024 Tessolve is a Bengaluru-based semiconductor design company owned by Hero Electronix. Hero's semiconductor design venture, Tessolve, acquired German Dream Chip Technology for ₹400 crores in an all-cash deal. Dream Chip will continue to operate normally as a different brand. Tessolve will add four delivery sites across Germany and the Netherlands, including a specialised Advanced Driver Assistance Systems, to expand its European operations. A 20-year-old company, Tessolve offers end-to-end semiconductor design, testing, and production solutions to 80% of the world’s 20 biggest semiconductor firms. Hero Electronix acquired Tessolve in 2016 from Manickam. It expects to generate up to ₹1,260 crore with a 25-30% stake sale. On the other hand, American test and measurement equipment maker Viavi is planning to invest in semiconductors and data centres in India. Viavi is integrating AI and ML into its products before the 6th generation technology development and getting into silicon photonics and chip testing. It already runs multiple offices in Gurugram, Bengaluru, Mumbai, and Chennai. Previous Next

< Back IRCTC Tatkal ticket booking will need Aadhaar from July 1 12 Jun 2025 Aadhaar-based OTP verification will be mandatory for online Tatkal bookings starting July 15th. Indian Railways announced modifications to the Tatkal booking system to curb misuse and make Tatkal tickets more accessible. From July 1st, only users authenticated with Aadhaar will be able to book Tatkal tickets on IRCTC’s website and app. From July 15th, Tatkal bookings made via the computerised Passenger Reservation System (PRS) and authorised agents will need OTP verification from the mobile number provided at the time of the booking. Indian Railways has also barred authorised agents from making bulk bookings during the critical window on the opening day of the Tatkal tickets. These agents cannot book Tatkal tickets from 10 am to 10:30 am for AC classes, and 11 am to 11:30 am for non-AC classes. Indian Railways has asked passengers to link their Aadhaar numbers with IRCTC user profiles. It has instructed IRCTC and the Centre for Railway Information Systems (CRIS) to implement the modifications. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Tesla begins hiring in India 18 Feb 2025 India recently reduced the import duty from 110% to 70% on high-end cars above $40,000, thus making it lucrative for Tesla. Elon Musk always showed keen interest in setting up manufacturing in India, provided the carmaker is first permitted to sell and service its vehicles and import duty is lowered. Less than a week after he met with Prime Minister Narendra Modi, Tesla announced hiring in India. It announced hiring for 13 positions in Mumbai and one in Pune. It is hiring for advisory roles across service, parts, and inside sales; service manager and technician; business and delivery operations; customer support and engagement; and store manager. Reduced import duties and the demand for EVs make India an attractive market. In April 2024, The Asia Group, Tesla’s advisor, also attended the stakeholders meeting on the new EV policy organised by the Ministry of Heavy Industries (MHI) in New Delhi. Other attendees of this meeting included Vietnamese EV manufacturer VinFast, Maruti Suzuki, Tata, Mahindra, Kia, Renault, BMW, Audi, Mercedes-Benz, Skoda Auto Volkswagen India. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Kerela raises Class 1 age limit to 6 yrs, Karnataka demands relaxation 3 Apr 2025 The Karnataka government had to raise the age criteria from 5 to 6 years from 2025-26. The Right to Free and Compulsory Education Act 2009 (RTE Act 2009) and Rules 2012 and the National Education Policy (NEP 2020) establish the minimum age limit for enrolling a child in Class 1 at six years completed as of June 1. The Union Government has asked and reminded state governments to ensure its implementation. The Kerela government revised the Class 1 admission criteria to six years. Karnataka had to implement the same in the academic year 2025-26. However, parents are still waiting for the government's announcement while seeking a relaxation on this criterion so that their children can participate in competitive exams and government jobs on time. The NEP states that over 85% of a child’s cognitive development happens before the age of six. Experts also warn against the negative impact of early admissions, suggesting that children are better prepared for formal education after the age of six. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Self-declaration for ads mandated only for food and health sectors 5 Jul 2024 The Ministry of Information and Broadcasting (MIB) eased the earlier rule and made it mandatory only for the food and health sectors. However, there is another Supreme Court hearing on July 9th on this matter. The Supreme Court of India passed an order on May 7th mandating all advertising bodies to issue a Self Declaration Certificate (SDC) for all ads on TV, radio, print, or the internet broadcasted after June 18th. The idea was to crack down on misleading advertising. Following an uproar and multiple meetings with various industry bodies, MIB issued a fresh directive on July 3rd. Now, the SDC must be issued only for food and health-related ads. Food and health products and services providers will need to manually upload an annual SDC on the Press Council of India website for print and internet ads and the Broadcast Seva website for TV and radio ads. Proof of uploading will need to be submitted to the concerned media stakeholders, like newspapers and TV channels, for record keeping. This fresh order relieves media houses from the responsibility of checking and validating the SDCs. Previous Next

< Back Air India becomes world’s first airline to launch virtual AI 14 Nov 2023 Maharaja AI will facilitate flight checking and changes, baggage allowance, packing restrictions, check-in, airport lounge access, and refunds. Air India became the world’s first airline to launch generative AI virtual agent called Maharaja. Powered by Microsoft Azure OpenAI, Maharaja has answered over half a million queries since its testing phase launch in March 2023. It now receives over 6,000 queries a day and successfully responds to over 80% of them in Hindi, English, German, and French. It automatically transfers almost 15% queries to Air India’s contact centre. Maharaja AI covers more than 1,300 areas, including flight status and changes, check-in, airport lounge access, baggage allowance, packing restrictions, and refunds. Air India’s strategy blends many machine learning techniques along with Generative AI. The software also has safeguards in place to prevent harmful language and slangs from infiltrating its conversational AI system. Air India plans to roll out more advanced features driven by patent-pending technologies to expedite customer interactions and query resolution. Previous Next

< Back Microsoft, OpenAI alliance receives clearance from UK 7 Mar 2025 UK’s Competition and Markets Authority (CMA) said this alliance does not need an antitrust investigation under merger rules. In 2016, OpenAI committed to using Microsoft Azure as the primary cloud service. In 2019, after OpenAI converted from a non-profit to a hybrid model, Microsoft invested $1 billion. In 2023, Microsoft invested $10 billion, bringing the total to $13 billion. These investments allowed Microsoft to integrate OpenAI’s products with its own. Microsoft may garner 75% of OpenAI's profits as a return on investment along with a 49% stake in the company. In 2023, CMA ordered an investigation to check if the alliance gave either of the firms a stronger hold and influence over the other. After 14 months of scrutiny, the competition authority approved the association. Microsoft faced antitrust issues in the UK and the US after its initial investment in 2019 and the boardroom battle of 2023 that led to the ousting and reinstatement of Sam Altman. However, Microsoft still faces investigation into its cloud services. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next