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< Back 3 new airlines to take off in India this year 24 Mar 2025 Kerela-based Air Kerela and Alhind Air, and Uttar Pradesh-based Shankh Air begin operations in 2025. The new carriers, founded in 2024, received an NOC from the Civil Aviation Ministry and await an Air Operator Certificate from the DGCA. Shankh Air is expected to start flying in mid-2025 from Noida’s Jewar Airport, and connect major metros with tier 2 cities like Varanasi, Lucknow, and Gorakhpur. It will begin with two leased aircraft and expand to five within the first year. It may start flying internationally by 2027. Air Kerela plans to become India’s first ultra-low-cost carrier, connecting tier 2 and 3 cities in Kerela with metros. It may begin domestic operations later this year and start flying internationally in 2026, beginning with Gulf routes. India has 12 operational airlines, including five mainline and seven regional carriers. IndiGo and Air India serve over 90% of Indian passengers. IndiGo leased a Boeing 787-9 Dreamliner from European Norse Atlantic Airways and deployed it on Delhi-Bangkok route effective March 1st. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back RoDTEP benefits for exported products extended till Sept 2025 1 Oct 2024 The existing rate of refund varied from 0.5% to 4.3% of the product value. The new rates will range from 0.3% to 3.9%. The Centre introduced Remission of Duties and Taxes on Exported Products (RoDTEP) in January 2021 for the period ending September 30th, 2024. It has now been extended until September 30th, 2025, for exports made from Domestic Tariff Area (DTA) units. The Directorate General of Foreign Trade notified that the scheme has been extended until December 31st, 2024, for Export-Oriented Units, Special Economic Zones, and Advance Authorisation holders. The RoDTEP offers a refund of duties, taxes, and any other cesses levies incurred by exporters during the manufacture or distribution of goods. These taxes and duties are not reimbursed under any other scheme at the central, state, or local levels. The revised rates will be implemented effective October 10th and will take effect once the Indian Customs Electronics Gateway (ICEGATE) portal is updated with them. The refund rates have been reduced to adhere to the budgetary allocation as per Foreign Trade Policy. Previous Next

Google, Alphabet Inc., et Meta sont les plus gros pollueurs. < Back La pollution des centres de données coûte 5,4 milliards de dollars Google, Alphabet Inc., et Meta sont les plus gros pollueurs. Une étude de UC Riverside et Caltech montre qu’au cours des cinq dernières années, la pollution émanant de ces centres de données a coûté 5,4 milliards de dollars au système de santé public américain. Ces centres alimentent les modelés d’IA et l’informatique en nuage. Ce faisant, ils consomment d’énormes quantités d’électricité produite à partir de combustibles fossiles. Leurs ordinateurs génèrent une quantité importante de chaleur et nécessitent des systèmes de refroidissement puissants. La construction et la maintenance des centres de données génèrent d’importants déchets électroniques et d’emballage. Google arrive en tête avec des dépenses de santé maximales des 2,6 milliards de dollars, suivi de Microsoft avec 1,6 milliard de dollars et de Meta avec 1,2 milliard de dollars. Pour atténuer les effets de la pollution, ces entreprises technologiques peuvent opter pour des énergies renouvelables, des conceptions respectueuses de l’environnement, des technologies et des matériaux durables et l’engagement des communautés locales. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back Adani to start shipbuilding at Mundra Port 9 Jul 2024 The decision is well-timed because fleet owners worldwide are looking for alternatives, and the ship-building yards in South Korea, Japan, and China are booked until 2028. India ranks 20th globally in commercial shipbuilding with a 0.05% market share. Its goal is to be among the top ten shipbuilders towards the Maritime India Vision 2030 and scale up to the top five by 2047. Befitting this ambition, Adani has planned to create a shipbuilding site at its flagship port at Mundra. Adani recently got approval from the Ministry of Environment, Forest and Climate change for a ₹45,000 crore expansion plan for Mundra Port. This gives the conglomerate the required resources to start supplying new vessels in a starved industry. The global shipping industry is shifting its focus to green ships to meet its decarbonisation goals. Over the next 30 years, approximately 50,000 green ships will need to be manufactured to replace the existing fleet. Global shipyards outbid Indian shipbuilders by up to 35%. Even governmental aids in taxes and duties fail to reduce this cost difference. Previous Next

< Back Google turns back on its privacy promise; third-party cookies will stay 24 Jul 2024 Google launched the Privacy Sandbox project in 2019 to replace the third-party trackers in its Chrome browser and allow advertisers to target users with appropriate ads. Third-party cookies record and share user information across websites visited. While Safari and Firefox banned these cookies years ago, Google tried to find a way to give advertisers access to user information and its users the option to choose their level of privacy. Google gets 80% of its revenue from advertising. It launched Privacy Sandbox in 2019 to be released within two years. It would shift the control of online user tracking from third-party trackers to Google Chrome. This would mean that ad-tech players and companies would not be able to track their ad performances. This opened the floodgates to several lawsuits and complaints filed with regulators and competition authorities against Google across the UK and the US. After repeated delays, Google announced on July 22nd that Chrome will continue to support third-party cookies while allowing users to block them, subject to approval from the UK-based Competition and Markets Authority. Previous Next

< Back How Shein and TikTok Shop are becoming global brands 17 Nov 2023 Shein is targeting sellers who find signing up on the Amazon marketplace cumbersome due to long applications and waiting times. TikTok Shop is also expanding to American sellers now. Chinese fashion portals Shein and TikTok Shop are targeting sellers in the US, especially Brazil and Mexico, who find signing up on bigger established portals like Amazon Marketplace challenging and tedious. With this move, these Chinese companies are inching towards becoming truly global brands. They can have international manufacturing and distribution without making any significant investment. Sellers are eagerly accepting Shein’s offer to leverage its strong eCommerce reputation, streamlined supply chain, and innovative delivery methods at a cheaper price. Lower advertising costs and better markup schemes are pulling American sellers to TikTok Shop. US Customs ‘de minimis’ rule allowed products below $800 to enter the country duty-free, with minimal customs checks. It was scrapped by a new Bill introduced in June 2023. Soon after, countries like Brazil imposed a 17% state tax on international shipments from cross-border sellers. However, Shein offered to cover this tax on purchases up to $50. Previous Next

< Back China becomes India’s largest trading partner again 14 May 2024 China surpassed the US as India’s top trading partner after two years. In FY2024, imports from China rose by 3.24% to $101.7 billion, and exports increased by 8.7% to $16.67 billion. The latest report by the Global Trade Research Initiative (GTRI) shows that India’s trade with China has increased while its trade with the US has decreased. India relies heavily on China for telecom, advanced technology, and pharmaceutical imports. India imported 44% of the smartphone and telecom parts worth $4.2 billion, 77% of laptop and PC parts worth $3.8 billion, and 75% of lithium-ion batteries for electric vehicles from China last financial year. To reduce this dependency, India has taken steps like production-linked incentive schemes, quality control orders, and anti-dumping duties. India's second-largest trade partner is Russia. Last year, our imports from Russia spiked by 952% to $61.44 billion, and exports increased by 78.3% to $4.26 billion. Saudi Arabia and the UK were India’s third and fourth largest trade partners, respectively. Previous Next

< Back The secret behind Mamaearth's sales - Love and Value Creation Ishita Nigam 4 Sept 2023 Mamaearth was born out of love for the founder couple's first-born son who needed a completely natural and safe skincare products. Fueled by the drive to create value for investors got the skincare unicorn to turn profitable last year. Ghazal and Varun Alagh, the first time parents, found the need for natural and toxins free skincare products for babies and created a brand. What fueled their drive was the love for the firstborn son, who was allergic to most products available in the market in India. They started Mamaearth as a homegrown brand, scaled up to watch it become a unicorn and now a soon-to-be listed company. Honasa Consumer, the parent company, owns five other brands: BBlunt, Aqualogica, Dr Sheth’s, The Derma Co, Momspresso, and Ayuga. They filed a Draft Red Herring Prospectus with SEBI in December 2022 and received the nod to get listed in August 2023. Initially, there were rumours of ₹24,000 crores-valuation. The founders’ silence on the matter hurt their reputation on social media. Still, creating value for investors and customers, taking feedback regularly, and their love for everything natural helped Mamaearth become profitable in FY22. Source: YourStory Previous Next

< Back Vistara cancels 50 flights in a day, reports delays as pilots call in sick 2 Apr 2024 Pilots are collectively protesting the new contract terms, revised salary structure of Vistara’s upcoming merger with Air India. Tata-Singapore Airlines joint venture, Vistara, had to cancel 50 departures and report delays in over 150 flights due to pilots protesting against its merger with Air India. The new contract aligns with Tata Group Airlines’ compensation structure, offering them a fixed salary for 40 hours instead of the previous 70. Vistara pilots are uncertain of retaining their seniority after the merger. Vistara issued a notice on March 15th asking its pilots to accept the contract terms by the day’s end or risk losing a one-time payout and indicating a lack of interest in joining Air India post-merger. Vistara is operating wide-body aircraft B787-9 Dreamliner and A321neo and combining flights to accommodate passengers. It had to fly during night hours to abide by the DGCA rule that mandates more rest for pilots flying between 12-5 am. DGCA and Civil Aviation Ministry have sought details of delays and cancellations from Vistara. Previous Next

< Back India to launch AI chatbot in 10 months 1 Feb 2025 Ashwini Vaishnav, Union Minister of Electronics and IT, announced at the Utkarsh Odisha Conclave. India's AI platform will host DeepSeek, the Chinese LLM platform, on local servers. The framework is ready and was launched during the India AI Mission event on Thursday. The India AI Compute Facility, a common user computing setup, procured 18,693 GPUs to develop an LLM designed especially for Indian startups, developers, and researchers. Of those, 10,000 GPUs are operational. Tata Communications, Jio Platforms, NextGen Data Centre, and Yotta provided the GPUs. ChatGPT was trained on 25,000 GPUs, while DeepSeek used 2,000. The government sought proposals from AI startups, and six developers are working on models, which are expected to be ready within 6-10 months. 18 apps for the learning disability, agriculture sector, and climate change will be a part of this model. With a 40% government subsidy, the Indian AI Model computation will cost less than ₹100 per hour compared to other global models that cost $2.5-3 per hour. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back Meet Indri, a sugar maker turned world-renowned whiskey maker Ishita Nigam 31 Oct 2023 Indri Trini was awarded the Best in Show Double Gold honour at the Whiskies of the World Awards held in the US last month. When 28,000 barrels of malt lying in their warehouse for seven years matured twice quicker in the extreme Indian climate, Piccadilly Agro decided to turn it into whiskey. Master blender Surrinder Kumar, who worked with Amrut Distilleries, transformed it into a whiskey. Multiple tasting sessions with the Indian, Japanese, and Scottish connoisseurs made them realize they had a winner swirling in their hands. Piccadilly Agro was set up in Indri, Haryana, three decades ago by former Congressman and lawmaker Venod Kumar Sharma. After striking liquid gold, it first launched single malt under the brand name Old Bombay’ but renamed it to Indri, which also means senses in Sanskrit. Since its launch in 2021, Piccadilly has sold 18,000 cases till March 2023. Its stock has surged from ₹25 in December 2021 to an all-time high of ₹328 last month. It relies on its low-margin sugar mills business for just one-third of its revenue. Previous Next

< Back Competition catches up with Tesla, global sales drop 13% 4 Apr 2025 Rising competition in the EV market, an ageing lineup, and a backlash against Musk’s deepening political engagements are touted as the reasons. Tesla seems to be losing the race to fierce competition from established brands and emerging electric vehicle (EV) makers like BYD. BYD surpassed Tesla’s sales in Europe in 2024 by introducing ultra-fast charging and more affordable EV models. BYD sold 4.3 million compared to Tesla’s 1.79 million vehicles in 2024. Tesla also faced a dent in its reputation in Europe after Musk’s open support for controversial political figures, including Germany’s Alternative for Germany (AfD). A lack of any significant upgrades in its Model 3 and Model Y gave consumers another reason not to buy Tesla. As per the European Automobile Manufacturers Association (ACEA), Tesla’s new registrations declined by 49% to just over 19,000 units, and deliveries worldwide fell to 336,681 units between January and February 2025, compared to 387,000 in the same period in 2024. Even steep discounts and zero-interest financing had little effect in luring customers. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next