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< Back Europe, Middle East reopen airspace 27 Jun 2025 Qatar, Kuwait, the UAE, and Bahrain had shut their airspace after Iran’s missile strikes on the American military base in Qatar. While the Middle East shut down its airspace amid rising escalations, Europe cancelled and rerouted flights. British Airways, Air France-KLM, and Finnair cancelled flights to Dubai, Bahrain, and Doha. Several others suspended flights to Iran and Israel. Their flights were rerouted via Egypt, Saudi Arabia or the Caspian Sea. IndiGo, Air India, Air India Express and Qatar Airways operating from India cancelled their flights. For 24 hours, Air India suspended its flights to Europe, the Middle East and five cities in the US - destinations that used the West Asian airspace. Delhi-Melbourne and Dubai-Hyderabad routes were also cancelled. The Investment Information and Credit Rating Agency of India (ICRA) estimates the Indian aviation industry to grow by 7-10% in FY2026, while facing losses worth ₹30,000 crore driven by high fuel costs, aircraft leases, and logistical issues. The costs of grounded aircraft and passenger compensation are likely to add to the figure. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back IndiGo sues Mahindra Electric for trademark infringement 4 Dec 2024 IndiGo accused the EV maker of using ‘6E’ in the latest SUV, Mahindra BE 6e, similar to its own callsign ‘6E’. IndiGo has moved the Delhi High Court against Mahindra Electric. Its new SUV, Mahindra BE 6e, is slated for launch in February. The Registrar of Trademarks accepted Mahindra’s request to register ‘BE 6e’ in the Class 12 vehicle range on November 25th. If it gets registered, Mahindra will be legally allowed to use the ‘6e’ trademark for its motor vehicles and auto components, except two-wheelers and their components. Mahindra Electric Automobile is Mahindra & Mahindra’s (M&M) subsidiary. The company introduced its first pure electric models on November 26th - BE 6e and XEV 9e. It responded to IndiGo’s petition, saying that its car mark fundamentally differs from IndiGo’s standalone ‘6E’, which denotes an airline. The first hearing could be scheduled for December 9th. IndiGo alleges this could cause confusion among its consumers and dilute its brand identity. The carrier uses the mark on all its merchandise and services. Previous Next

< Back As JioMart shuts down, Reliance Retail expands to direct consumer channels Ishita Nigam 29 Sept 2023 JioMart has been on a firing spree since May this year, and now it has shut down more than half of its fulfillment centers. While JioMart battled shutting down to curb losses, Reliance Retail bought the Indian arm of German retailer Metro Cash and Carry for ₹2,850 crores . JioMart has fired over 1,000 employees, including 500 corporate executives, since May 2023 and has shut down over half of its fulfillment centers nationwide. On the other hand, Reliance Retail has acquired 31 wholesale outlets and a complete real estate portfolio, including six stores. It also absorbed Metro’s 3,500 workers with overlapping profiles. In September 2023, Reliance Retail expanded Metro’s offerings from only B2B to direct customers. The retail giant already operates 52 B2B outlets under the brand ‘Reliance Market,’ which serves the Kirana stores and institutional consumers. The move comes as JioMart was fighting massive losses and trying to survive in the highly competitive Indian retail domain. It is still trying to smoothen its operations and grow its online B2B business. Previous Next

< Back New aviation bill to reduce aircraft leasing cost and maybe airfares 20 Mar 2025 The Cape Town Convention-Centric Bill 2025 aims to reduce aircraft leasing costs by 10%, which may ultimately reduce airfares. The Aviation Ministry presented the Cape Town Convention-Centric Bill, legally known as the Protection of Interests in Aircraft Objects Bill, 2025, in Parliament on February 10th. The bill facilitates quicker aircraft repossession in case of defaults, reduces leasing, financing and operational costs for airlines, and promotes domestic leasing and financing options through GIFT City, Gujarat. It will implement the Cape Town Convention and Protocol provisions and boost the Indian aircraft financing industry. The bill allows aircraft owners to reclaim their planes within two months of airline default or bankruptcy. It empowers the DGCA (Directorate General of Civil Aviation) to supervise the implementation. Axis Bank became the first Indian bank to offer aircraft financing through GIFT City. It cleared a long-term USD loan for Air India’s leasing subsidiary, AI Fleet Services, to purchase 34 training aircraft. Air India is discussing a multi-billion-dollar order of 30-50 widebody aircraft with Boeing and Airbus. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

La société japonaise est devenue sponsor des Jeux olympique en 1987 et des jeux Paralympiques en 2014. < Back Panasonic met fin à un parrainage de 37 ans avec le comité international olympique La société japonaise est devenue sponsor des Jeux olympique en 1987 et des jeux Paralympiques en 2014. Au terme d’une aventure de 37 ans, Panasonic s’est retiré du parrainage du comité international olympique pour des raisons inconnues. Panasonic est l’un dans les 15 parrains du comité international olympique qui a investi plus de deux milliards de dollars en quatre ans de Jeux. Toyota a également décidé de mettre fin au contrat qu’elle avait signé en 2015 pour 835 millions de dollars, le montant le plus élevé jamais atteint pour le comité. Elle prévoit toutefois de conserver son accord avec les Jeux paralympiques. Les parrains japonais ont probablement perdu leur intérêt en raison du retard pris par les Jeux olympiques de Tokyo 2020. Les supporters n’ont pas été autorisés à entrer les stades et de nombreux scandales de corruption ont également été révélés, ce qui a élevé les couts pour les sponsors. Toyota n’était également mécontent que l’argent parrainage ne soit pas utilisé correctement pour soutenir les athlètes. Previous Next

< Back BSE indices rejig from June 23 28 May 2025 Tata Trent will replace Nestle, while Bharat Electronics Limited will replace IndusInd Bank. BSE indices, including BSE 100, BSE Bankex, Sensex 50, and Sensex Next 50, are undergoing a major rejig effective June 23rd. The underperformers will be shifted to other indices. Similar changes will be effected in BSE 100, where Dixon Technologies (India), Indus Towers, and Coforge will replace Bharat Forge, Siemens, and Dabur India. In the Sensex 50, InterGlobe Aviation and Shirram Finance will replace Britannia Industries and Hero MotorCorp. Tata Trent will replace Nestle India, which has shown no growth in the past year. Nestle India is also undergoing a management change, with Manish Tiwary replacing Suresh Narayan as Managing Director effective August 1st. Sales grew at 7% annually in the past five years. The stock indices conduct periodic balancing as per the criteria set by the Asia Index, a BSE subsidiary. Market performance, liquidity, trading volume, sector representation, market capitalisation, financial strength, and growth prospects impact this shuffle. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Spicejet to launch seaplanes in 2025 13 Nov 2024 The carrier took a demo flight from Prakasam Barrage in Vijayawada, Andhra Pradesh, to Srisailam Dam, Andhra Pradesh temple town. After first operating its seaplane route four years ago, Spicejet is ready to launch official seaplane services across key routes next year once proper infrastructure becomes available. It is licensed to operate seaplane services on 20 routes, including Hyderabad, Shillong, Guwahati, and Lakshadweep. Spicejet launched India’s first scheduled seaplane service in October 2020, connecting Sabarmati Riverfront, Ahmedabad, with the Statue of Unit in Kevadia, Gujarat. The service was later halted during the pandemic. Spicejet has participated in seaplane trials, offering engineering, logistical, and technical support to De Havilland, the aviation manufacturer. Spicejet had started a charter seaplane in Gujarat for a brief period in 2022, which could not be sustained. It plans to relaunch the stint in 2025 to leverage seaplanes to overcome infrastructural limitations and boost regional connectivity. Avani Singh, daughter of Spicejet CMD Ajay Singh and the CEO of Spice Shuttle, will lead the project. Previous Next

L’Indonésie produit 36 % de l’offre mondiale de nickel. < Back Pourquoi l’Indonésie, riche en nickel, n’a-t-elle pas trouve preneur ? L’Indonésie produit 36 % de l’offre mondiale de nickel. L’Indonésie aspire à figurer parmi les leaders mondiaux de la production de batteries pour VE d’ici à 2027. Le lancement l’année dernier de son usine de batterie pour VE, la premier d’Asie du Sud-Est, a constitué un pas dans cette direction. L’usine est une coentreprise entre Indonesia Battery Corporation, LG et Hyundai. Les Etats-Unis et l’Europe ont rejeté les propositions Indonésiennes visant à y installer des usines de fabrication de batterie. Les principales raisons sont le non-respect des normes mondiales de développement durable et des droits des travailleurs, la faible demande intérieure de VE et l’évolution mondiale vers des batteries non basées sur l’oxyde de nickel. Par ailleurs, l’engagement de la Chine en Indonésie s'accroît. La Chine a investi plus de 65 milliards de dollars dans l’industrie indonésienne du nickel. Les investisseurs chinois contrôlent environ 90 % des mines de nickel et des usines de traitement du pays. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn, Facebook, X, et Instagram. Previous Next

< Back Merchant fees on UPI, RuPay debit cards may return 12 Mar 2025 Banks submitted a formal proposal to the government to reintroduce the charges. UPI and RuPay transactions are controlled by the National Payments Corporation of India (NPCI). Merchants pay the MDRs to banks for real-time payment processing. Before 2022, merchants had to pay banks a discount rate below 1% of the transaction value. It was removed in the FY2022 budget to promote digital payments, and it worked as UPI became the most widely used payment mode. The government is considering introducing a tiered pricing mechanism to charge the fee only to large businesses with annual GST turnover over ₹40 lakhs. The fee will be lower for smaller merchants, and free for those with a yearly turnover of less than ₹40 lakhs. Big retail businesses mostly use credit and debit cards for over half of their payments and pay MDR for the transactions. A minor fee on UPI payments would not have any significant impact. MDR can help payment aggregators make their businesses profitable. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back India ranks 10th on Climate Change Performance Index 2025 21 Nov 2024 The CCPI report was released at the annual United Nations climate conference. India secured 10th spot on the Climate Change Performance Index (CCPI 2025), two spots down from the last time. The primary reasons are its low per capita emissions and rapid transition to renewable energy sources, especially large-scale solar infrastructure projects and the Rooftop Solar Scheme. Compared to the global average of 6.6 tons of carbon emissions, India’s per capita emissions are 2.9 tons. 63 nations, including the European Union, evaluated in the CCPI are responsible for 90% of the emissions. Germanwatch, Climate Action Network International, and the New Climate Institute assess the largest carbon emitters based on emissions, climate policy, and renewables and rank the nations. They leave the first three places empty as no country has been able to achieve a ‘very high’ rating, checking all criteria. Denmark is the highest-rated country, ranked fourth on the index. The US and China, the highest emitters, rank 57th and 55th, respectively. Previous Next

Il sera remplacé par Laurent Freixe, la chef d'Amerique Latine. < Back Mark Schneider, le patron de Nestlé, quitter le groupe après 8 ans Il sera remplacé par Laurent Freixe, la chef d'Amerique Latine. Mark Schneider, 58 ans, ne dirigera plus la société et ne siégera plus au conseil d'administration du groupe, a annoncé l'entreprise jeudi. Le conseil a décidé de nommer Laurent Freixe, un vétéran de l'industrie, à la tête du géant de l'alimentation. M. Freixe a rejoint Nestlé en 1986 et a dirigé avec succès les activités européennes pendant la crise financière de 2008 jusqu'en 2014. Mark est la première personne extérieure à diriger le groupe alimentaire depuis un siècle. Le cours de l’action Nestlé a atteint des sommets pendant son mandat, au début de l’année 2022. La même année, il a commencé changer le conseil d’administration pour l’aligner sur une nouvelle structure géographique. Il a augmenté les marges opérationnelles de 16,5 % a 17,3 %, ce que ses concurrents n’ont pas réussi à faire. Cependant, la croissance des ventes a été inférieure à celle de ses concurrents durant son mandat. Previous Next

Leur gouvernement a annoncé une taxe provisoire de 30,6 % à 39 %. < Back La Chine s’apprête à taxer le brandy européen Leur gouvernement a annoncé une taxe provisoire de 30,6 % à 39 %. Quatre jours après que l’UE a approuvé des droits de douane sur les voitures électroniques chinoises, la Chine annonce des droits de douane sur les alcools européens. La taxe de 35,3 % sur les voitures chinoises entrera en vigueur à la fin du mois. Le ministère chinois du commerce a trouvé que le brandy européen faisait l’objet d’un dumping en chine ce qui porte préjudice aux fabricants locaux. Alors qu’UE enquête sur les exportations chinoises de voitures électroniques, la Chine a commencé une enquête antidumping sur la viande de porc, le brandy et les produits laitiers. Elle pourrait augmenter les tarifs sur les voitures importées équipées de gros moteurs. Cette action donne aux Chinois un levier pour négocier avec les Européens. Les fabricants français de cognac et de liqueurs comme l’Armagnac ont été parmi les premières visées. Le France soutient l’enquête européenne sur les VE chinoises, l’Allemagne s’y oppose. Previous Next