< 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

< Back Reliance Retail begins superfast deliveries within an hour 26 Jun 2024 The company has started a pilot program to offer quick deliveries of groceries and FMCG products in some parts of Mumbai and Navi Mumbai. Reliance Retail launched a pilot program via its Jiomart mobile app, offering hyperlocal delivery in some parts of Mumbai and Navi Mumbai. With the addition of more stores and expansion into other markets, it will reduce the delivery time to 30-45 minutes. However, Reliance Retail will fulfil the quick delivery demand from its stores and warehouses. In areas without its own stores, Reliance will utilise the Kirana stores associated with the Jiomart Partner Initiative. These Kirana stores are connected to Reliance Retail’s backend and source products from its wholesale arms. Reliance is using tech solutions like FYND and Locus to optimise fulfilment and delivery routes. Currently, Reliance Retail delivers goods in between twelve hours and up to three days. Earlier, JioMart catered to online orders via WhatsApp in partnership with Meta Inc, launched in 2020. It started offering quick delivery via JioMart Express in 2021 and shut it down in early 2023. Previous Next

< Back Accor to open 30 hotels in India within 5 years 3 Apr 2024 Luxury hotel brands like Fairmont, Sofitel, and Raffles planned. Accor may consider launching luxury brands like Orient Express, too. European hospitality chain, Accor plans to launch 30 more luxury hotels in India within three to five years, and one hotel every week in Asia this year. In India, it currently operates 62 hotels under 9 brand names from its portfolio of 40 brands worldwide. It will open Raffles in Jaipur this year. The other cities on its radar are New Delhi, Mohali, Chandigarh, Amritsar, Bhubaneswar among others. Novotel, Ibis, and Pullman make up 70% of its entire business. It develops Ibis hotels in India in partnership with InterGlobe Aviation, the owner of IndiGo Airlines. IndiGo's aircraft order last year fueled its plans for expansion in India. Accor launched its luxury and lifestyle division a year and a half ago, offering 24 brands like Delano, Mama Shelter, Mondrian, 25hours, and MGallery. It already offers hotels, trains, and yatchs under Orient Express and is considering launching it in India. Previous Next

S’abattant sur les côtes au début du festival de la mi-automne, Bebinca est la deuxième tempête à perturber la chine en plusieurs semaines. < Back Le typhon le plus forte depuis sept décennies s’abat sur Shanghai S’abattant sur les côtes au début du festival de la mi-automne, Bebinca est la deuxième tempête à perturber la chine en plusieurs semaines. Quelques semaines après le passage du super typhon Yagi sur l’ile de Hainan, un autre orage s’est attaque la capitale financière du chine, Shanghai. Plus tard, la tempête a procédé vers le nord du Viêt Nam et la Thaïlande. De violents coups de vent d’une vitesse de 120 kilomètres par heure se sont abattus sur Shanghai lundi matin. C’était un ouragan de catégorie 1 sur l’échelle de Saffir Simpson a cinq niveaux, la plus forte tempête depuis 1949, selon le Centre conjoint d’alerte aux typhons. Shanghai compte 25 millions d’habitants. Il a déclenché dimanche une intervention d’urgence hautement prioritaire et a entrainé l’arrêt des ports, des trains, de 1400 vols, et des routes, ce qui a eu un impact sur la logistique mondiale et l’a retardée. La production et le transport de marchandises ont été affectés, ce qui a eu un impact sur les prix mondiaux des produits de base. Previous Next

< Back Reliance to form a JV to absorb Disney’s India operations 14 Dec 2023 RIL will take a 51% stake in the upcoming unit under Viacom18 and merge Star India’s media operations. Reliance Industries will likely pick up a 51% stake in a new unit coming up under Viacom18 in possibly an all cash deal; Disney will hold a 49% stake in the new entity. The new unit will absorb Disney’s Star India media operations through a share swap deal. Disney’s India assets include the Disney+Hotstar OTT platform and Star India. Viacom18 currently runs the JioCinema streaming platform. Earlier, Reliance battled Disney to offer free streaming of IPL 2023. This move catapulted JioCinema to the #1 position as the most downloaded app in the country by May 2023, compared to the 13th rank in May 2022. Reliance also bought the rights to various movies and shows by global networks like HBO, NBC, and Warner Bros. It aims to build a platform with audience volumes bigger than television. It wants to become India’s foremost digital group and is not competing with other OTTs. Previous Next

< Back Third Wave Coffee engages in a price war with Starbucks Ishita Nigam 10 Oct 2023 The Bengaluru-based coffee startup, which started operations in 2016, offers locally sourced special coffee at affordable prices. If the tea-drinking audience wasn’t enough, Starbucks faces stiff competition from Indian rivals like Third Wave and Blue Tokai Coffee. Blue Tokai is still a Minicorn with a funding of $46 million, while Third Wave Coffee now has a valuation of $150 million. Canadian Tim Hortons and British Pret a Manger also entered the Indian market this year. For every three Starbucks outlets, one Third Wave Coffee is luring their customers away with cheaper pricing for a brilliant cup of coffee. The startup is also present in Delhi, Gurugram, Noida, Mumbai, Pune, Chandigarh, Hyderabad, and Coonoor. In Bengaluru alone, Third Wave Coffee operates 40 outlets compared to Starbucks’ 35. It has led Starbucks to sign a lease with a Bengaluru Mall with a ‘Café Exclusivity’ clause to be the only café on the floor. Starbucks introduced the Indian Chai for ₹185 to lure the 91% tea-drinking Indian population. Previous Next

< Back Eight US newspapers sue OpenAI, Microsoft over illegal content usage 1 May 2024 They accused the two companies of illegally using news articles to power their AI chatbots. Alden Global Capital’s eight newspapers in the US sued OpenAI and Microsoft over allegations that the two companies illegally used their content to fuel their AI chatbots. The dailies The New York Daily News, The Denver Post, The Chicago Tribune, The San Jose Mercury News, The Orlando Sentinel, The Sun Sentinel of Florida, The St. Paul Pioneer Press, and The Orange County Register filed the case in the Federal Court of the US Southern District of New York. The complaint mentions Microsoft and OpenAI used millions of copyrighted news articles without seeking permission from the newspapers to train their AI tools ChatGPT and Microsoft Copilot. The chatbots often display text from subscription-only articles without a backlink to the source. The publications are seeking a jury trial and fair compensation for using their news articles. Some companies have struck a deal with OpenAI and Microsoft to allow paid access to their content. Previous Next

Son smartphone Mate 70, présenté la semaine dernière, fonctionnera sous le propre OS. < Back Huawei lance son système d’exploitation (OS) HarmonyOS Next Son smartphone Mate 70, présenté la semaine dernière, fonctionnera sous le propre OS. Considéré comme un tournant pour les relations entre les États-Unis et le Chine, le Huawei introduit son propre système d’exploration, HarmonyOS Next. Elle vise à concurrent Google et Apple. Elle utilisait auparavant Android OpenSource Project (AOSP) jusqu’à ce que l’administration américaine prenne des sanctions à l’encontre du géant chinois des télécommunications. Les experts estiment qu’il s’agit d’une déclaration ferme de la Chine indiquant qu’elle n’est pas dépendante des sanctions américaines. Cette décision montre la puissance de la Chine dans le développement de ses propres puces. Les États-Unis imposent des sanctions à la Chine depuis 2017. En 2018, l’administration Trump a interdit au ministère de la défense d’acheter des systèmes de télécommunication a Huawei. En 2020, le gouvernement américain a interdit aux entreprises américaines de vendre de semi-conducteurs à Huawei. Huawei comptait parmi les plus gros clients de Qualcomm. En 2023, ses bénéfices ont chuté de 70 %. Previous Next

< Back Australia to eliminate all tariffs on Indian exports eff Jan 1 30 Dec 2025 The announcement came on the third anniversary of the Indo-Australian Economic Cooperation & Trade Agreement (ECTA). Starting January 1, 2026, Australia will eliminate all tariffs on Indian exports. It is expected to significantly boost India’s labour-intensive sectors and deepen bilateral trade ties. Piyush Goyal, Commerce and Industry Minister, made the announcement on December 29 th . Since the ECTA implementation, Indian exports to Australia rose by 14% in 2023-24 and by 8% in 2024-25. Bilateral goods trade recorded $24.1 billion in 2024-25. Gems and jewellery alone increased exports by 16%. Sectors benefitting from the ECTA include pharma, chemicals, manufacturing, textiles, plastics, petroleum products, agricultural products, and gems and jewellery. The Mutual Recognition Arrangement (MRA) on Organic Products boosted India’s organic exports to Australia to USD 8.96 million in 2024-25. Products such as psyllium husk, coconut milk, and rice benefited the most from the MRA. India has a similar MRA with Taiwan, which allows Indian organic products to be sold in Taiwan and vice versa. 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 5,000 Swiggy employees make ₹9,000 crore after IPO success 16 Nov 2024 70 former and current employees stand to earn over $1 million (₹8.5 crore each) in Employee Stock Option Plans (ESOPs). Food delivery major Swiggy’s ₹11,327 crore IPO last week is among the largest for a startup in recent years. Its shares debuted at ₹420 on the National Stock Exchange (NSE), a 7.7% premium over the issue price of ₹390. They opened at ₹412 on the Bombay Stock Exchange (BSE), a gain of 5.64% from the issue price. Of the 5,000 Swiggy employees set to earn ₹9,000 crore in ESOP payouts, 500 will earn over ₹1 crore each, and 70 of these 500 will take home over ₹8.5 crore each. Moneycontrol reported that Swiggy co-founders and the top executive team received $200 million in ESOP payouts before the IPO. Several of them saw their ownership stake in the company rise before the listing. Zomato had listed on the exchanges in 2021 and generated ESOP payouts worth ₹7,000 crore. Flipkart paid ₹5,800 crore to 17,000 existing and former employees in July 2023. Previous Next

< Back IndiGo, Air India to revise pilot rest hours from Jun’25 2 Jan 2025 Directorate General of Civil Aviation (DGCA) framed revised flight duty time limits to be implemented from January but redacted after the airlines’ protest. The matter of the pilot rest period to be increased to 48 hours per week has seen IndiGo and Air India engaging in a legal battle with DGCA. DGCA also proposed that after every week off, airlines should schedule pilot shifts only from 10 am. While IndiGo protested due to its impact on operations, Air India agreed to increase the weekly rest period to 48 hours from the current 36 hours. The Federation of Indian Airlines (FIA), an airline’s lobbying group, said the new guidelines will require up to 20% additional pilots. IndiGo mentioned it would need to hire up to 3% more crew. While DGCA agreed to implement fresh rules after due consultation with both airlines in July 2025, the pilot unions demanded the new rules to be implemented by Feb 15th. The airlines want DGCA to implement a Fatigue Risk Management System (FRMS) before considering these guidelines. Previous Next

< Back Reader’s Digest UK closes after 86 years 18 May 2024 The iconic magazine succumbed to the financial pressures of the competition in today’s ruthless publication scenario. Reader’s Digest was first published in the US in 1922 and in the UK in 1938. During its peak, the magazine circulated two million copies in the UK. In 2000, it was selling over a million copies per month. By the second half of 2013, its sales had plummeted to less than 187,000 copies per month, 89.3% of which were paid copies. Better Capital acquired Reader’s Digest UK in April 2010 for £13-14 million and further invested £9 million. However, the magazine struggled financially and was saved by Mike Luckwell, an entrepreneur known for creating the hit kids’ TV show Bob The Builder . He bought the magazine for just one pound! Reader’s Digest set the benchmarks of direct marketing strategies in the publishing industry. It carved a niche in targeted mail campaigns and sweepstakes. However, the magazine failed to adapt to changing consumer preferences and the dynamism of the media industry. Previous Next