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< Back Wow! Momo – The Indian dominant among foreign Quick Service Restaurants 19 Jan 2024 The Kolkata-based fast food chain, founded in 2008, reported a 93% revenue growth from ₹222 crore to ₹415 crore between FY2022 and FY2023. Wow! Momo is the only homegrown chain competing and surviving in the league of big brands like Domino's, KFC, and McDonald’s in India. After reporting a 93% hike in revenue, the Quick Service Restaurant (QSR) brand opened 190 new outlets nationwide and plans to add up to 180 by March. It currently operates 620 stores PAN India. It launched Wow! China in 2019, contributing around ₹14 crore in revenue monthly, and Wow! Chicken in 2022, that adds ₹3 crore revenue per month. All Wow! Momo outlets are company owned and run. Wow! Momo produces 10 lakh momos daily in its facilities in the north, west, and east. It sells frozen momos under the brand Wow! Momo Sales and recently launched Wow! Eats combining all three brands. It earns 44% of its revenue from online orders, including 10% from direct orders from ONDC, and it plans to increase them via its own app. Previous Next

Les supporters de l’Olympique de Marseille (OM) protestent contre cet accord à cause de la rivalité sportive entre les deux villes de Marseille et de Paris. < Back Pernod Ricard abandonner le contrat de parrainage avec le Paris Saint-Germain Les supporters de l’Olympique de Marseille (OM) protestent contre cet accord à cause de la rivalité sportive entre les deux villes de Marseille et de Paris. Après que les supporters de l’OM se sont opposé l’alliance de Pernod Ricard avec le club de la capitale, le Paris Saint-Germain (PSG), l’entreprise française de liqueurs a décidé à terminer l’accord. Elle a annoncé sa décision jeudi, trois jours après avoir confirmé l’alliance. La raison en est que les fans de l’OM ont ressenti l’association avec le PSG comme une trahison. La marque Ricard a été fondée par Paul Ricard à Marseille en 1932. Pernod Ricard est connu pour ses apéritifs anisés, le pastis, boisson Marseillaise par excellence. La société bénéficie d’une présence importante au Musée du Pastis à Marseille, qui célèbre l’histoire et l’importance de la culture du pastis. Pernod Ricard a dû faire face aux protestations des habitants et des fans de l’OM sur les réseaux sociaux. Elle a pris cette décision pour éviter les impacts financiers et rester fidèle à ses racines dans la ville. Previous Next

< Back ChatGPT’s Sora: The text-to-video conversion AI tool 26 Feb 2024 Sora uses your texts to understand your video requirements. It can create videos of varying lengths, sizes, and shapes. OpenAI launched a text-to-video generator, Sora, in early February. It uses a diffusion model to break down your text input and create a video. It can generate complex scenes with multiple characters, varied backgrounds, and motions. The tool shows an advanced understanding of how things exist naturally and their physical behaviour. It can also understand human language and create characters showing specified emotions. Sam Altman, the CEO of OpenAI, invited several social media professionals to try out the new app, and the responses were ecstatic. The videos seemed real-life-like. But this also raised several issues about the societal implications of this technology. Currently, Sora is mainly available for Red Teamers, the cybersecurity professionals who act as enemies to assess the associated risks. Many designers, filmmakers, and visual artists are also given access to try out Sora. Meta and Google are working on similar tools. Previous Next

< Back New law to impact Indian firms offering AI products to the European Union 31 May 2024 Last week, the Council of the European Union approved the world’s first law regulating AI development, the European Union Artificial Intelligence Act. The EU’s new AI Act, expected to come into effect by June end, will raise compliance expectations and associated costs for Indian firms selling AI systems in Europe. Companies will have six months to conduct a risk assessment to ascertain the category of their AI systems and prepare for compliance. While the generic AI applications will get a year to comply, the high-risk systems must fully comply within three years. The Act will ban any AI applications posing unacceptable threats within six months of implementation. Indian SMEs offering AI products to the EU market at reasonable rates are worried about losing their competitive edge. Becoming and staying compliant will demand excessive costs and administrative resources. Non-compliance can attract penalties of up to €1,50,00,000 or 3% of the turnover. The new Indian government may pass the Digital India Act, replacing the twenty-five-year-old IT Act. It may also regulate AI. Previous Next

< Back India’s first 1,080-acre aerial system testing facility opened in Nagpur 2 Apr 2025 It also features a 1.27 km-long runway used for developing Medium- and High-Altitude Long-Endurance drones for the Indian Army. PM Modi inaugurated India’s first private sector aerial technology development facility in Nagpur on Sunday. The site is run by Solar Defence and Aerospace Limited (SDAL). The facility will test advanced Unmanned Aerial Systems (UAS), including loitering munitions, as well as Medium and High Altitude Long Endurance (MALE and HALE) drones or Unmanned Aerial Vehicles (UAVs). Loitering munitions are aerial weapons that hover over a target for a set period before striking with precision. The SDAL facility also features Pinaka rocket systems, counter-drone systems, anti-tank guided missiles, the Bhargavastra (a counter-drone system), and the Bhaumastra (a mine detection system). Its MALE UAVs can fly up to 30,000 feet with a capacity for staying in flight for up to 48 hours. HALE UAVs can fly for days at an altitude of up to 65,000 feet. SDAL has submitted a proposal to the Indian Air Force for the adoption of its UAVs. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Supreme Court dismissed PIL against E20 petrol 1 Sept 2025 The petitioner cited a 2021 NITI Aayog report that raised concerns about older vehicles being non-compliant with E20. Advocate Akshay Malhotra had filed a petition with the Supreme Court citing concerns about ethanol-based petrol E20. He sought an option of ethanol-free petrol for vehicles manufactured before April 2023. Vehicles made after April 2023 are compliant with E20 petrol. The matter was presented before the bench headed by the Chief Justice BR Gavai and Justice K Vinod Chandran, who dismissed the petition. Attorney General of India R. Venkataramani called the petitioner a ‘name lender’ and pointed out the huge lobby behind the petition. He highlighted how the E20 fuel policy benefits sugarcane farmers and helps save foreign exchange. E20 petrol policy sparked concerns about the expected 6% reduction in fuel efficiency. The Road Transport and Petroleum Ministries have dismissed the rumours. The Petroleum Ministry referred to a NITI Aayog study on Ethanol, citing that E20 promises better acceleration and ride quality. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. Previous Next

< Back Foreign companies prepare for a lawsuit against GST evasion notices 23 Sept 2024 Online Information and Database Access or Retrieval (OIDAR) covers online services with or without a physical user interface and is subject to an 18% tax slab. OIDAR services were GST-exempt until an amendment took effect in October 2023, which made foreign companies liable to pay the tax. The revised law mandated that companies were liable to pay GST irrespective of the level of human intervention in rendering their digital services. As per the law, foreign organisations must register in India and pay GST to offer their services to Indians. The Directorate General of GST Intelligence (DGGI) issued tax evasion notices for the period between 2017 and 2023 to 70 foreign companies for providing OIDAR services in India. These companies include Meta, Netflix, Spotify, and Google across subscription-based services, advertising, online gaming, and edtech. The companies argue that their services involve human intervention and can be delivered offline, which was GST-exempt before the amendment. Online training and exam platforms say their services are not covered under OIDAR. They will soon file the case in the high court. Previous Next

< Back India, Singapore to collab for making semiconductor chips 6 Sept 2024 Amid the tension between the US and China, India and Singapore signed a deal to collaborate to manufacture semiconductor chips and digital technologies. Prime Minister Narendra Modi signed several agreements during his two-day visit to Singapore to promote chip design and manufacturing and attract Singapore tech companies to invest in India. The two nations will also work closely in cybersecurity, supercomputing, AI, and fifth-generation mobile networks. The $588 billion global semiconductor chip market has been severely impacted by the US-China war. It has jolted many global economies to build independent domestic supply chains unhindered by geopolitical dynamics and attracting business opportunities, too. Singapore is home to some of Southeast Asia's biggest chip manufacturing plants, including Micron Technology Inc. and NXP Semiconductors NV, and many venture capitalists investing in chip startups. The Indo-Singaporean deal is a step towards making India a technological superpower, wherein semiconductor manufacturing will play a crucial role. The Indian government has planned a $21 billion investment to ramp up semiconductor capabilities, including $15 billion in chip manufacturing facilities nationwide. Previous Next

Après des nombreux incidents de sécurité dans le monde, la compagnie prévoit former des partenariats avec des entreprises de logistique indiennes. < Back Boeing envisage de faire de l’Inde pour un centre de recherche et de développement Après des nombreux incidents de sécurité dans le monde, la compagnie prévoit former des partenariats avec des entreprises de logistique indiennes. Rivalisant avec son concurrent Airbus, Boeing prévoit agrandisse sa présence en Inde. Le constructeur des avions américaine s’attend à ce que la demande d’avions en Inde dépasse 3 000 dans un avenir proche. Il prédit que 130 000 plus qu’emplois, pilotes, équipage de cabine et de maintenance seront nécessaires dans ce pays. En janvier dernier, Boeing a ouvert un nouveau centre d’ingénierie et de technologie à Bengaluru pour un investissement de plus de 170 millions d’euros. C’est son plus gros investissement en dehors des États-Unis. La compagnie est commencée designer et développer ses produits de cabine avancés dans cette installation en Inde. Il souhaite augmenter leur basse de fournisseurs en Inde a 300 pour allonger la production des avions considérablement ralenti et de construire des entrepôts. Il y a des contraintes de la chaine d’approvisionnement mondiale qui se sont aggravées après beaucoup d’incidents environ le 737 Max. Previous Next

< Back Solar, defence deals, financial restructuring stabilising Reliance Group 30 May 2025 Reliance Power and Reliance Infrastructure just secured significant solar power and defence deals. Reliance Power and Reliance Infrastructure reduced their debt and gained ₹17,600 crore from investors to become debt-free. Authum Infrastructure became Reliance Infrastructure’s largest public shareholder with a 10.89% stake. Reliance NU Energies secured 350 MW of solar capacity. Reliance NU Suntech signed a 25-year power purchase agreement (PPA) to establish Asia’s biggest integrated Solar and Battery Energy Storage System (BESS) for ₹10,000 crore in partnership with the Solar Energy Corporation of India. Reliance Power tied up with the Bhutan Government’s investment arm, Druk Holding, to develop a 750 MW hydroelectric and a 500 MW solar project. A subsidiary of Reliance Infrastructure, Reliance Defence, has entered a strategic partnership with Rheinmetall, the German ammunition manufacturer, to supply propellants and explosives. Reliance Infrastructure is developing 1,000 acres of Dhirubhai Ambani Defence City (DADC) in Ratnagiri, Maharashtra, India’s biggest private-sector greenfield defence manufacturing hub. Reliance Defence is developing a new factory there. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Why Unified Code for Pharma Marketing Practices is difficult to implement 19 Mar 2024 The government implemented on March 12th a new code, UCPMP, to curb unethical practices in the pharma industry. The Unified Code for Pharma Marketing Practices (UCPMP) prohibits pharmaceutical companies from bribing doctors with paid foreign trips and hospitality stays, personal gifts for them and family members, monetary gifts for doctors, agents or distributors, or any cash payments or grants for doctors and their family members. It mandates that individual companies disclose any sponsorships for conferences and medical courses. However, there is no portal setup to report this. Industry experts believe this Code will be less effective since it is non-statutory and not enforced by a regulatory authority. It is not a law, and players in the Indian pharmaceutical industry will easily beat around it to incentivise medical professionals. Pharma associations need to form an ethics committee and create a portal linked to the pharma department, which will house an independent panel to audit such expenses. A code breach can lead to suspension of the entity from the association. Previous Next

< Back IndiGo to launch business class seats this year 24 May 2024 The low-cost carrier announced this plan along with its record profit figure of ₹8,172.50 crore in FY2024. IndiGo announced on Thursday its plans to introduce business class on the busiest routes in India before the end of 2024. Thirty-five of IndiGo’s planes will be fitted with eight rows of business-class seats. The company will release further product details around its 18th anniversary in August. Its low-cost model and charging for all extra services and food on board catapulted the airline to the top position in the country with a 60% market share. The airline management wants to leverage this position to scale up in the international market. Currently, only Air India, Vistara, and Air India Express’ 737 MAX8 operate business-class seats in India. Previously, Jet Airways alone offered over 10,000 business class seats per week before its closure in April 2019. This number has plummeted to around 7,000 now. Last month, IndiGo surpassed American Southwest Airlines to become the world's third-largest airline by market capital. Previous Next