< Back Maharashtra CM inaugurates Nifty WAVES Index 2 May 2025 Launched by the National Stock Exchange (NSE), the WAVES Index will track the performance of the creative economy. The World Audio Visual and Entertainment Summit (WAVES) Summit 2025 aimed at establishing India as the global epicentre for the creative streams. The new WAVES Index launched during the Summit includes 43 listed companies from the creative sector, including Zee Media, Hathway Cable, PVR Inox, Saregama, Network18, and TV Today. It has been set with a base value of 1000 beginning from April 1st, 2005. The new index will organise performance tracking of India’s creative industries. India’s creator economy employs 8% of the workforce and contributes $30 billion to the GDP. Maharashtra CM Devendra Fadnavis announced MoUs worth ₹8,000 crore for the sector development aimed at positioning Maharashtra as a global hub in the storytelling domain. Godrej is developing a ₹2,000 crore studio in Panvel to attract global post-production work. The government also established the Indian Institute of Creative Technology in Mumbai to train professionals in creative fields. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

Ses cofondateurs ont précédemment vendu une startup de sécurité à Microsoft, qui a fini par devenir le point fort de ses offres de sécurité dans le cloud. < Back Google achète Wiz pour un record battu 32 milliards de dollars Ses cofondateurs ont précédemment vendu une startup de sécurité à Microsoft, qui a fini par devenir le point fort de ses offres de sécurité dans le cloud. Afin de renforcer ses offres de sécurité dans le nuage, de proposer des services multicloud et de concurrencer Microsoft Google a racheté la société Wiz Inc., basée à New York, pour 32 milliards de dollars, ce qui constitue la plus importante transaction entièrement en numéraire. Wiz, fondée en 2020, a rejeté l’offre de 23 milliards de dollars Google en juillet 2024 en raison de son projet d’introduction en bourse, ce qui n’a jamais eu lieu. La société a été évaluée à 16 milliards de dollars l’année dernière lors d’une vente secondaire. La startup a enregistré 350 millions de dollars de revenus récurrents en février 2024, soit 100 millions de dollars de plus qu’en octobre 2021. Elle prévoit de déclare 1 milliard de dollars de revenus récurrents cette année et a déjà atteint 700 millions de dollars. Wiz sera une plateforme indépendante et fonctionnera avec tous les fournisseurs de cloud. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back Adani to divert funds from stake sale towards infrastructure 8 Jan 2025 Adani Enterprises had proposed a FMCG business demerger in August 2024, which was withdrawn in October. On December 30th, Adani Enterprises announced its decision to sell the entire 43.94% stake in Adani Wilmar Limited. It sold 31.06% to Singapore-based Wilmar International and plans to sell the remaining ~13% in the open stock market for a total of $2 billion. Adani’s exit from Adani Wilmar, its FMCG business, was long expected. Adani Wilmar makes cooking oil, wheat flour, and other edibles under the ‘Fortune’ brand. The edible oil share declined steadily due to rising import costs and weak demand, but Adani retained market leadership at 20%. The edible oil segment contributes 80% to Adani Wilmar's revenue share but offers lower profitability, with a margin of just 0.33% in FY2024. This is the biggest deal after Adani was indicted in the US on bribery charges in November. The matter pushed the conglomerate to focus on reducing the debt of ₹2.4 lakh crore in FY2024 from its listed companies. Previous Next

< Back How JLR turned from the worst mistake to a money maker for Tata? 10 Nov 2023 JLR brought a ₹21,000 crore debt to Tata Motors. In FY 2009, the company reported a loss of ₹2,500 crores, a first in seven years. Tata bought the British car maker for USD 2.3 billion on June 2, 2008, at the beginning of the recession. The world thought of it as a colossal mistake at the time. The acquisition brought a ₹21,000 crore debt to Tata Motors, and for the first time in seven years, the company posted a loss of ₹2,500 crores. And, now, in the second quarter of the current financial year, JLR recorded two-thirds of Tata Motors’ total profit. So, what changed? JLR’s focus on profitable vehicles like the Defender, Range Rover, and Range Rover Sports clocked 77% of the order book and 64% of total car sales this year. It plans to take its global market share from 12% to 17% by FY 2026. They will eventually wholly exit the low profitability segments like the Jaguar sedan and relaunch them as fully electric sports vehicles starting from £ 100,000 with a range of 700 kilometres. Previous Next

< Back GIFT City, Gujarat, pulling Indian startup HQs back home Ishita Nigam 19 Sept 2023 International Financial Services Centres Authority (IFSCA) set up an International Financial Services Centre (IFSC) in Gujarat to stop Indian startups from setting up headquarters in foreign locations. PhonePe shifted its headquarters back home from Singapore last year, and up to 20 Indian startups are planning to follow suit. Among those who are interested in ‘Desh Wapsi’ or reverse flipping are Groww and Razorpay. These companies set up their base abroad due to high taxes, unsupportive business environment, mandatory guidelines from investors like Y Combinator, and ineffective Intellectual Property Laws. That’s when IFSCA’s International Financial Services Centre was set up in GIFT City, Gujarat. The Gujarat International Finance Tec-City (GIFT City) is a foreign territory in India, offering tax exemptions and simplified financial norms. The 530+ startups registered there can transact in foreign currency, move their capital and investments in and out of India, and enjoy a business-friendly environment with access to venture capitalists and fintech centres. SEBI, RBI, Pension Fund Regulatory and Development Authority (PFRDA), and Insurance Regulatory and Development Authority of India (IRDAI) regulate GIFT City’s functioning. Previous Next

< Back Rupee crosses 90 per dollar for the first time 3 Dec 2025 The Indo-US trade deal, stuck in limbo, is believed to be the primary cause for the decline. The rupee slide had been building up for weeks, but the speed of the decline caught the Indian market off guard. The RBI is believed to have stepped in to calm the volatility. INR has dropped 5.3% this year, its sharpest annual fall since 2022. Major factors causing the decline are believed to be: Weakening foreign investment portfolio flow Indo-US trade deal not moving forward A global shift towards the dollar. Foreign investors have pulled out $17 billion from the Indian stock market this year, and the net FDI and overseas commercial borrowings have been weak. The GDP is growing speedily, but so is the trade deficit. The GDP growth rate is at a six-quarter high, but the trade deficit is steeper due to 50% US import tariffs. INR is expected to stay volatile unless foreign flows resume or global market conditions stabilise. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes mystery. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

< Back Vietnamese automaker VinFast to set up manufacturing in India Ishita Nigam 28 Sept 2023 Deemed as Tesla’s rival, VinFast is the 17th most valuable car maker in the world with a valuation of $25.7 billion. Vietnamese automaker VinFast has shortlisted Tamil Nadu and Gujarat to set up its manufacturing unit in India. VinFast will be the first Vietnamese automaker in the country if its plans go through. It is the Electronic Vehicles arm of Vietnam’s largest corporation, Vingroup. It set up its first facility in North Carolina, the US, in July this year. VinFast is expected to offer affordable and value for money EVs with its facility in India. Last month, the carmaker’s valuation shot up 700% to $191 billion after enlisting on Nasdaq, making it the third largest car maker in the world by market capitalization after Tesla and Toyota. But soon, stock volatility saw its valuation crash by $140 billion this month to land at $25.7 billion. Despite selling just 7,400 cars in 2022, and all in Vietnam, Vinfast expects to sell up to 50,000 units this year globally. Previous Next

< Back India, Ireland to set up Joint Economic Commission 10 Mar 2025 Around 15 of the global top 30 semiconductor makers in terms of revenue are in Ireland. During the Indian External Affairs Minister, S Jaishankar’s two-day visit to Ireland, the two countries agreed to establish a Joint Economic Commission (JEC) to coordinate on trade and global economic issues like the World Trade Organisation. This was the first visit by an Indian external affairs minister to Ireland and the first high-level visit after Prime Minister Narendra Modi visited Ireland in 2015. The formal agreement will be signed this year. The JEC senior officials will meet once every two years to strengthen bilateral ties and promote collaboration in AI, cybersecurity, fintech, and semiconductors. Also, S Jaishankar inaugurated new Consulate Generals of India in Belfast and Manchester on March 7th and 8th. The EU’s College of Commissioners led by Ursula von der Leyen, the European Commission President, visited India on February 27-28. During the meeting, India and Ireland decided to finalise the Bilateral Trade Agreement (BTA) by this year-end. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Govt assessing 3D Scanners' utility for Indian airports 16 Dec 2024 It is evaluatin how useful the 3D computed tomography X-ray (CTX) and Full Body Scanners (FBS) will be for Indian airports. 3D CTX scanners, commonly used in the US and Europe, allow passengers to keep liquids and electronics in their cabin luggage while screening. While earlier these were expected at Indian airports by May 2024, an influential multi-agency committee set up by the government is evaluating whether 3D CTX and FBS scanners can address the nation’s specific security and cultural requirements. Indians often wear religious items like metallic bangles, which are sometimes difficult to remove. The agency is in discussions with the manufacturers about making India-specific scanners and guidelines. Their utility guidelines will also be customised to suit the Indian perspective. The committee is evaluating an FBS especially tailored for India that will promote less intrusive security checks and eliminate the need for physical pat-downs. Indian airports face long queues and a constant supply of plastic trays, which increases during winter when an additional tray is needed to keep the jackets. Previous Next

< Back Trump’s $5 million Gold Card may replace EB-5 visa 27 Feb 2025 It will be implemented if the Trump administration receives Congress and the Senate approval. The EB-5 visa introduced by the Congress in 1990, allows foreigners to invest $800,000-1 million in incorporating a company in the US and employing at least 10 people. Between September 2021-22, 8,000 people obtained this visa. However, the EB-5 visas carry the risk of fraud and difficulty in verifying the source of funds. The Trump administration plans to introduce the ‘gold card’ to replace EB-5 within two weeks. It is a green card offering permanent legal residency, or US citizenship, and cancels any taxes on foreign income earned outside the US. The $5 million citizenship fee will ensure only the ultra-rich apply. For business owners, tax savings on significant foreign income can easily cross the $5 million threshold within a few years. Trump aims to reduce the $35-trillion government deficit with it. However, EB-5 is a law. He will have to amend the citizenship law to introduce gold cards. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Iran-Israel War: Indian oil imports, exports to EU impacted 16 Jun 2025 The Middle Eastern war entered Day 4 with neither Iran nor Israel ready to back down. An Israel-Iran war can impact the Indians present in the two fighting nations and the Indian economy. India has strong relations with two countries as energy partners. India imports 85% of its crude oil. Disruptions in the Middle East, especially the Strait of Hormuz, which carries 20% of global oil trade, could hike prices. Along with the Red Sea, this route carries Indian exports to Europe and Russia. India doesn’t directly import oil from Iran. Still, the impact was visible in the Sensex, which dropped 573 points on Friday when Israel launched ‘Operation Rising Lion’ against Iran’s key military figures and nuclear infrastructure. Crude oil prices spiked by 8% on Friday. Using the Cape of Good Hope adds around 20 days per trip and USD500-1,000 per container, thus leading to a 50% hike in overall logistical costs. Around 20,000 Indians are in Israel, and 10,765 are in Iran, including students. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Russia plans to manufacture trains and components in India 30 Nov 2024 Moscow wants to set up manufacturing facilities in India to cater to domestic demand. As Russia aims to cater to its growing domestic demand, it is considering investing in train and component manufacturing in India. Moscow already has a few supply contacts from India that it intends to expand. The news came a week after Indian Railways awarded the contract for making the new version of Vande Bharat Express trains to three companies, including Kinet Railway Solution – a joint venture between Transmashholding (TMH), which is a Russian rolling stock company, and Rail Vikas Nigam Limited. Kinet will manufacture and maintain 1920 coaches for Vande Bharat sleeper coaches for 35 years, as per a ₹55,000 crore agreement. TMH CEO Kirill Lipa outlined three reasons why Russia wants to manufacture trains in India. The first is the favourable investment climate, including low interest rates. TMH plans to develop facilities in India to manufacture trains and components to serve the Indian market and abroad. Previous Next