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< 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

< Back Foxconn to start assembling iPads in Tamil Nadu Plant 26 Jul 2024 Its experience assembling iPhones in the Tamil Nadu plant has been encouraging, and now Foxconn plans to use the facility to assemble iPads. Foxconn, a Taiwanese contract manufacturer of Apple products, plans to start assembling iPads in its Sriperumbudur plant in Tamil Nadu. iPad assembly requirements are similar to those of an iPhone, unlike a MacBook, which is a completely different ballgame. Foxconn has already had discussions with the Indian government. They’ve had a good experience so far and will likely double their production in the next few years to expand their portfolio to a few other products. Foxconn is trying to neutralise supply chain risks by relying on production facilities across different regions. Foxconn assembles MacBooks in Vietnam, which logs up to 10% of iPad production globally. Foxconn plans to leverage the production-linked incentives (PLI 2.0) for IT hardware, including tablets, offered by the Indian government. It may soon begin manufacturing AI servers at the Sriperumbudur plant and is in discussions with Google for manufacturing Pixel smartphones in the same facility. Previous Next

< Back Industries expect windfall gains from Cricket World Cup’23 Ishita Nigam 3 Oct 2023 Hospitality, travel, food delivery, and online streaming platform Disney Hotstar expect to gain the most returns from Cricket World Cup 2023, which begins in India on October 5th. After twelve years, India is hosting the Cricket World Cup, and the nation’s economy could not be more prepared. While travel and hospitality gain the most from such events every time, private jet bookings, food delivery, and eCommerce are expected to reap bucketloads of windfall gains this time. Private jet service providers like BookMyJet have seen a jump in bookings, especially for the Indo-Pak match on October 14th in Ahmedabad. Individuals are hiring private jets for family and friends as companies reserve 100-seater private jets for corporate tickets. Prices are expected to shoot further up by 20%. The hotel industry has pumped their rates by 300% across the ten host cities, especially in Pune and Dharamshala. In fact, Airbnb accommodation searches in Ahmedabad have skyrocketed by 4,000%. Online portals like OYO and MakeMyTrip are raking up their hotel inventory. Disney Hotstar, the official broadcaster, will earn up to ₹2,200 crores. Previous Next

< Back Apple to source iPhones from India for US 5 May 2025 iPad, Mac, Apple Watch and AirPods will be sourced from Vietnam. Apple estimates a $900-million cost increase due to tariffs in the June quarter. Focussing on diversifying its sources, Apple announced its plans to source most iPhones from India in the June quarter for selling in the US. Over 50% of the iPhones sold in the US in the March quarter were sourced from India. 3.1 million iPhones worth ₹48,000 crore were exported to the US in the March quarter compared to ₹28,500 crore in the same period last year. 98% of the iPhone exports from India were to the US. China would remain the top-selling destination for Apple products outside the US. Apple set a quarterly sales record in India. Most Apple products, like Mac, iPhone, Apple Watch, and Vision Pro, are excluded from global reciprocal tariffs announced by the Trump administration in April. Counterpoint Research estimates that around 30% of global iPhone shipments will be from India this year. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Google developing digital agri stack 3 Mar 2025 It will help identify farm boundaries and improve insurance, loans, and subsidy payments. Using satellite imagery, Google’s new upcoming tool on the agri stack will identify farm boundaries based on usage patterns to know which crops are being grown and where. It will allocate unique IDs to each farm, thus building a digital agricultural stack. The platform will churn out data about each farm, which can be used by agricultural enterprises offering crop loans, insurances, and subsidies. The base model is ready and Google is encouraging startups and agri enterprises to use the model to build solutions. The Indian government is also planning to advance the Digital Public Infrastructure (DPI) initiative covering farmers and their fields for three years and creating digital identities for 11 crore farmers. The government’s agri stack will capture crop data directly from the field through a mobile interface. It will use georeferenced village maps to conduct digital crop surveys and provide accurate, real-time crop area information. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back India signs first-ever deal with the US to import LPG 17 Nov 2025 Indian public sector companies signed a one-year contract to import LPG from the US. India’s public sector companies will import 2.2 million tonnes of LPG in 2026, which amounts to around 10% of the country's annual LPG imports. The LPG will be sourced from the US Gulf Coast. The Union Petroleum and Natural Gas Minister, Hardeep Singh Puri, called it a ‘Historic first’. Executives from Indian Oil, Bharat Petroleum, and Hindustan Petroleum recently travelled to the US to discuss the deal with major American producers. To date, India imports 90% of its LPG from suppliers in the Middle East. Saudi Arabia alone supplies one-third of India’s imports. India occasionally turned to the US due to logistical and pricing reasons, as well as trade dynamics. The Union Minister shared how global LPG prices soared by 60% last year, but Ujjawala scheme beneficiaries paid ₹500–550 per cylinder, against the actual cost of ₹1,100. This deal indicates changing market conditions and strategic trade negotiations with the US. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes novel. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

Apollo achètera des intérêts minoritaires dans un filiale de BP, qui détient une participation de 20 % dans la canalisation. < Back Apollo Global achètera une participation dans le gazoduc caspien de BP Plc Apollo achètera des intérêts minoritaires dans un filiale de BP, qui détient une participation de 20 % dans la canalisation. La gazoduc naturel transadriatrique de la mer Caspienne fait partie du réseau reliant un gisement de gaz en Azerbaïdjan à la Grèce et à l’Italie. Apollo Global Management, un investisseur de New York, va acquérir une participation d’un milliard de dollars dans d’un subsidiaire de BP Plc. L’accord aidera l’entreprise britannique BP à se débarrasser de ses dettes, contribuera à son désengagement cette année et lui permettra de conserver son contrôle sur le gazoduc. L’opération devrait être conclue d’ici la fin de l’exercice financier en cours. L’Europe a besoin d’une source de carburant après la destruction des canalisations russes lors de la guerre. Elle dépend du gaz tout en stimulant son secteur des énergies renouvelables. Cette année, Apollo a signé un accord de 11 milliards de dollars avec Intel Corp pour acheter sa participation dans une entreprise qui contrôle une usine en Irlande. L’usine fabrique des puces semiconductrices avancées. Previous Next

< Back Trump-Musk feud: Tesla loses $152 bn, Musk loses $34 bn in a day 6 Jun 2025 Epstein Files: Trump claims he distanced from Jeffrey Epstein when he was arrested again in 2019. Amid the feud with Trump, Musk and Tesla suffered the biggest drop in valuation ever. Tesla shares tanked 14%, wiping out $152 billion from its valuation in a single day. Musk lost $32 billion on the same day. Trump Coin ($TRUMP) dropped by 10.9%, and bitcoin plummeted below $101,000. Trump’s Big Beautiful Bill rescinds the $7,500 federal tax credit given to EVs, which significantly incentivises Tesla buyers. Trump also threatened to axe government contracts with Tesla and SpaceX. Both companies received at least $38 billion in federal subsidies, loans, defence contracts, and tax credits. This disrupted investor sentiment, thus tanking the stock. NASA depends heavily on SpaceX to transport cargo and crew to the International Space Station via Dragon spacecraft. Musk is now spearheading a campaign to ‘Kill the Bill’. The Big Beautiful Bill has passed the House and could be stopped in the Senate with just four Republican refusals. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Quick commerce apps to start delivering electronics, white goods by Diwali 18 Jun 2024 By Diwali, quick commerce apps like BBNow, Zepto, Swiggy Instamart and Zomato’s Blinkit plan to start selling electronics and appliances in 10-45 minutes. As companies experience up to 45% sales through quick commerce, electronics brands are also partnering with quick commerce apps. Tata’s Croma is partnering with BBNow to sell smartphones. If apps can offer exchanges and EMI buying options demanded by customers, this will be a significant revenue stream. These products are expected to bring in much more revenue and enhance customer stickiness than other products bought on these apps. However, for large appliances, these apps will sell only 4-5 top-selling models or the ones in high demand, as per customer reviews, and not as wide a range as Amazon or Flipkart. Big appliances will consume larger warehousing spaces and four-wheeler deliveries. Blinkit ran a pilot selling iPhone for a limited period last year. Havells sold air coolers and fans in a pilot program this year. Q-commerce apps also sell small products like Bluetooth speakers, smartwatches, fans, and steam irons. Previous Next

< Back Amul set to expand to the US 28 Mar 2024 Branded milk products like Amul Taaza, Amul Shakti, Amul Slim n Trim, and Amul Gold will hit the shelves within a week. Amul partnered with the Michigan Milk Producers Association (MMPA) in the US for collection and processing as per Amul’s recipe. Meanwhile, it will brand and market its products in New York, New Jersey, Dallas, Chicago, and Washington. Amul will market the products under the name Gujarat Cooperative Milk Marketing Federation, the cooperative society that owns the Amul brand. MMPA is America’s 10th biggest farmer-owned dairy cooperative society and a 108-year-old brand that owns Country Fresh. Amul’s fresh milk will be premium priced, and the company will also supply butter, cheese, and buttermilk to the American market. In the first quarter of its launch, the brand will distribute fresh milk through Indian grocery stores and a few mainstream channels. The man who led India’s milk revolution, Verghese Kurien, set up Kaira District Cooperative Milk Producers’ Union Limited, which later became Amul. He is also a Michigan State University alumnus. Previous Next

< Back Ford may re-enter India by 2025 13 Sept 2024 It has held multiple negotiation rounds with the Tamil Nadu government over the past six months but has yet to make a final decision. After exiting India in 2021, Ford is planning a comeback next year. Over the past six months, it has held many discussions with Tamil Nadu Chief Minister M.K. Stalin to discuss EV and ICE (Internal Combustion Engine) vehicle production at its old Maraimalai Nagar plant just outside Chennai. Talks of its return erupted in the market after Ford India filed for a design patent for the new Endeavour model, its bestselling product in the country. After its exit, several OEMs (Original Equipment Manufacturers) showed interest in acquiring the plant, but nothing was finalised. Ford left India after suffering operational losses to the tune of $2 billion in a decade. Moreover, its product strategy did not succeed with Indian consumers, who prefer smaller, fuel-efficient cars. The company could not fully utilise its manufacturing capacity, which impacted its financials, and it wanted to focus on profitable markets. Previous Next

< Back Dream11 acquires fantasy cricket stock broking platform Sixer Ishita Nigam 9 Oct 2023 Founded in 2018 in New Delhi, Sixer allows users to invest in fantasy stocks of cricket players. Stock prices vary as per the cricketer’s on-field performance. To offer an add-on thrill on its platform, fantasy sports platform Dream11 acquired the fantasy cricket stockbroking platform Sixer last month. Delhi-based online trading platform founded in 2018, Sixer lets users trade in fantasy stocks of cricketers. Stock performance varies as per their real life performance on the field. The startup had raised $3 million in June 2021 from Genting Ventures, Bullpen Capital, and Velo Partners. Dream11 recently received a show cause notice from the Directorate General of GST Intelligence (DGGI) to pay ₹28,000 crores tax as per 28% rate for bets worth ₹100,000 crores placed on its portal since 2017. A 28% GST applies to every deposit made on the portal each time it is rotated via a game. So, tax must be paid for every bet placed on the portal. Industry representatives approached the government to reconsider the GST slab to avoid raising tax liability for the industry. Previous Next