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< Back Reliance Consumer Products records ₹3,000 crore sales in FY2024 18 Apr 2024 Reliance Consumer Products Limited (RCPL) is a branch of Reliance Retail. It began operations on November 30, 2022. Reliance Retail Venture’s Consumer Products arm, RCPL, recorded sales worth ₹3,000 crore in its first full year of operations, 2023. Among RCPL's brands, Emami clocked ₹3,400 crore in sales, Campa Cola contributed ₹400 crore, and the market leader in oral care, Colgate-Palmolive, recorded ₹5,226 crore. Reliance acquired Campa Cola in 2022 for ₹22 crore. It is widely available in Andhra Pradesh, India’s largest cola market. It currently relies on contract manufacturers for bottling but intends to set up its own plants by raising around ₹500-700 crore from Reliance Retail. Reliance Retail infused ₹277 crore in RCPL in February and March 2023 through a subscription of fully convertible debentures. They intend to bridge the supply gap by strategically establishing bottling plants across the country that are closer to main consumer hubs and Kirana stores. The company earned ₹1,000 crore in revenue from over 200,000 Kirana stores. Previous Next

< Back Quick commerce industry to hike gross order value to $10 billion by FY26 9 Sept 2024 Zomato’s Blinkit, Zepto, and Swiggy Instamart hold over 90% of the q-commerce market share. The q-commerce industry is expected to log a gross order value of USD10 billion by FY26 and surpass USD78 billion in the next decade. This market is estimated at USD 662 billion in FY24, which is 66% of the total retail market. At a 3% net profit margin, the industry could accumulate a profit of USD 2.3 billion in the next ten years. The sector’s expansion into new services, including high-end electronics, is spiking the average order values and improving economics. The fragmented retail market, fast urbanisation, and the q-commerce industry’s ability to bypass the middlemen make it an alternative to local kiranas. Inspired by this growth, logistics companies like Shadowfax, Ecom Express, and Loadshare are starting to offer superfast deliveries. Delhivery, the third largest e-commerce logistics provider in India, announced its plans to open a series of dark stores offering same-city deliveries within two to four hours. Previous Next

< Back AI 171’s emergency power generator running before crash: WSJ 18 Jun 2025 It triggers the question of whether the plane’s engines were properly functioning during takeoff. The Ram Air Turbine (RAT) propeller deploys automatically from the 787 Dreamliner fuselage and functions as a backup generator in case both engines fail, hydraulic system pressures are low, the aircraft’s electric motor pumps stop working, or if cockpit instruments lose power. RAT can generate enough power to enable critical aircraft components to work properly. Investigators believe the RAT was working for AI 171 before it crashed, the Wall Street Journal reported on Wednesday. Lone survivor, Vishwas Kumar Ramesh’s testimony about hearing a loud bang followed by the flickering of cabin lights conforms with RAT deployment, as per aviation experts. Meanwhile, DGCA’s investigation revealed no safety concerns in Air India’s 787 fleet. AI 171 had its right engine replaced in March 2025. Singapore Airlines’ SIA Engineering Company (SIAEC) is under scrutiny for being involved in Air India’s aircraft maintenance. It is also developing AI’s maintenance facilities in Bengaluru. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back As Zomato becomes Eternal Ltd, Cars24 rolls out new car sales 18 Mar 2025 Zomato received 99.7% shareholder votes to change its parent entity name to Eternal Limited. Two Gurugram-based unicorns are embracing major changes. Although Zomato internally changed its name to Eternal Limited in 2022 after acquiring Blinkit, it received the official shareholder nod now. It will retain its brand name for the food delivery app, but the business entity and the stock exchange ticker will become Eternal. This is Zomato’s second renaming. It started in 2008 as Foodiebay and became Zomato in 2010. Another unicorn, Cars24, launched the ‘New Cars Platform’ to sell new cars on one super app. The platform displays real on-road prices, model comparisons, AI-powered video sneak peeks, home test drives, and financing. It functions as an aggregator for dealers and OEMs to list their models. Currently, for every 10 new cars bought, 13 used cars are sold. This ratio is expected to be 10:17 by 2030. 50% of their customers consider buying a new model, and the company will offer both options. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Zomato to acquire Paytm’s Insider, movie ticketing biz for ₹2,048 cr 22 Aug 2024 Paytm will also transfer its 280 employees of the ticketing business to Zomato. This move will allow Zomato to expand its entertainment offerings, while Paytm will shift its focus back to fintech. On August 21, the Zomato and One97 Communications (Paytm) boards approved the all-cash deal worth ₹2,048 crore, and the two startup giants informed the stock exchanges. Paytm will first transfer its entertainment ticketing business to its fully owned subsidiaries, Wasteland Entertainment, which runs the Insider platform, and Orbgen Technologies, which operates TicketNew. Paytm’s stake in these companies will then be gradually transferred to Zomato over the next 12 months. Ticketing will continue to be available on the Paytm app during the transition. Zomato has been expanding its offerings beyond dining out and running the food festival Zomaland. It will offer dining and ticketing services via its new ‘District’ app, which is expected to be launched within the next few weeks. This move will allow the food delivery giant to add live events and movie ticketing to its list of services. Paytm offers entertainment ticketing for live events, movies, and sports. Previous Next

< Back FMCG giants to curb sales to organised wholesalers to support kirana stores 20 Feb 2024 80% of the FMCG sales are controlled by kirana stores in India. Amul, Dabur, Britannia, and Parle plan to reduce sales to organised wholesalers to avoid price wars with traditional distributors. FMCG giants in India plan to reduce their sales to organised wholesalers like Reliance Cash and Carry, Udaan, and Flipkart Wholesale. Conventional kirana stores in India control 80% of the wholesale distribution. Organised retail and wholesale companies own 5% of the market share but have the advantage of scale and can offer more leverage over supplies and prices. Earlier, the FMCG companies hoped to reach the kirana stores through organised wholesalers, but it didn’t happen. Troubled by the threat of deep discounts from established wholesalers, the kirana stores had earlier threatened to stop product supply from these companies. Supplying to traditional distributors costs FMCG companies 13-14% of the sales and nearly half in the case of organised wholesalers. Consumer goods corporations rely on a wholesale network to reach the 12 million kirana stores nationwide. They still plan to leverage organised distributors but limit their participation below 10%. Previous Next

< Back BSNL launches India’s first satellite-to-device service 14 Nov 2024 Bharat Sanchar Nigam Limited (BSNL) has built this service in association with Californian communications company Viasat. BSNL, the government-owned telecom provider, launched a pioneering direct-to-device satellite service on Wednesday. It will offer uninterrupted network access to even the remotest areas and boost cellular coverage nationwide. This model was showcased at the India Mobile Congress (IMC) 2024. iPhone14 had introduced satellite connectivity, but these services were limited to government and military use in India. BSNL makes the service available to the general public. The service will assist Indians in making emergency calls, sending SoS messages and transacting via UPI in locations with no or limited cellular and Wi-Fi connections. BSNL is yet to announce how its users will be able to access the service and its pricing structure. Satellite spectrum will be allotted to telcos administratively and not via auction. Direct-to-device connectivity allows regular devices like mobile phones, smartwatches, cars, industrial machinery and transport operators to connect with terrestrial and satellite coverage without dedicated hardware. Previous Next

< Back AI 171 crash victim families sue Boeing and Honeywell 18 Sept 2025 They have accused both companies of negligence and a defective fuel cutoff switch, which caused the crash. Families of four victims who lost their lives in the Air India plane crash in Ahmedabad sued Honeywell and Boeing in the Delaware Superior Court, US, where the two companies are incorporated. Boeing is the aircraft manufacturer, and Honeywell supplies the fuel cutoff switches. The complaint lodged on Tuesday accused the two companies of failing to address a known safety hazard. The locking mechanism on the switch in the 787-8 Dreamliner was prone to auto-cutoff or missing altogether. It is placed directly behind the thrust levers, which could lead to accidental shut-off, thus disrupting the fuel supply and thrust during take-off. The families allege Boeing and Honeywell knew about the hazard owing to a 2018 advisory issued by the US Federal Aviation Administration (FAA) about disengaged locking mechanisms on some Boeing planes. Boeing’s 737 MAX series crashed twice in 2018 and 2019, causing 346 fatalities and $20 billion in settlements. Source: Multiple Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes novel. ⭐⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

< Back Dubai’s Al Maktoum International Airport to be the world's largest 30 May 2024 The new airport will be five times bigger than the existing airport and have an annual handling capacity of 260 million passengers. Al Maktoum International Airport will be the world’s largest airport. Designs were approved, and construction began in April this year. The airport will be built over 70 square kilometres for around AED128 billion, or ₹2,900 crore. It will boast five parallel runways, five passenger terminal buildings with 400 aircraft gates, and some new innovative aviation technologies will be employed for the first time. It will handle approximately 12 million tons of cargo annually. In the next ten years, all operations of the current airport will be transferred to the new one. A new city will be built around the airport in Dubai South, housing a million people and hosting the world’s leading aviation and logistics enterprises. Phase I of the project will handle 150 million passengers globally and will be completed in ten years. With this, its government aims to catapult Dubai to the world’s top three economic cities. Previous Next

< Back India, Nvidia in talks to develop AI semiconductor chip 22 Oct 2024 Nvidia aims to create a chip specifically designed for the Indian market, and the Indian government is assessing its potential. Prime Minister Narendra Modi and Nvidia CEO Jensen Huang started discussing a potential alliance during their meeting in the US this year. The discussions are in a preliminary stage, while the government is analysing the cost implications and potential benefits of the AI chip for Indians. Arm or AMD, Nvidia’s partners, are expected to design the core, and the Centre for Development of Advanced Computing (C-DAC), a government-owned entity or private firms will develop the top layer. This chip could be used for the Indian Railways security system, Kavach, and other startups and enterprises if the government makes it accessible as a part of India’s AI mission. Nvidia, the world’s second most valuable company after Apple, aspires to leverage India’s massive semiconductor chip designing talent to make a chip specifically for the Indian market. As per a Boston Consultancy Group study, India accounts for 19% of the world’s chip designers. Previous Next

L’affaire porte sur un montant de 8,5 millions de dollars, ce qui permettra à Tapestry d’acheter Capri. < Back Un juge fédéral américain bloque l’accord entre Tapestry et Capri L’affaire porte sur un montant de 8,5 millions de dollars, ce qui permettra à Tapestry d’acheter Capri. Jeudi, un juge fédéral américain empêché l’accord de 8,5 millions de dollars entre les groupes de mode de luxe Tapestry et Capri en raison de la perte potentielle de concurrence. Tapestry possède des marques de mode de luxe telles que Michael Kors, Coach, Versace, et Kate Spade. L’opération visait à créer une nouvelle marque mondiale haut de gamme pour concurrencer les marques européennes. Le tribunal fédéral de New York y a mis un terme après que la Commission fédérale du commerce (FTC) des États-Unis a intenté une action en justice pour l'empêcher cette année. La FTC est une agence indépendante dont le responsable a été nommé par Joe Biden. Le tribunal a estimé que les deux parties étaient en concurrence directe et que la fusion causerait la perte d’une concurrence juste. L’accord aurait privé des millions d’Américains des avantages de la concurrence entre les deux marques. Previous Next

< Back Vande Bharat sleeper trains and metro ready for trials soon 17 Jun 2024 The train has almost completed manufacturing in India and will begin commercial operations within six months. The semi-high-speed Vande Bharat trains have almost finished being manufactured in India. They will commence trials on August 15th and be ready for a commercial launch within six months. The sleeper version is needed to launch Vande Bharat on longer routes. These sleeper trains, made by BEML Limited, will have 16 coaches with four bogies each. Besides, noise insulation, sensor-based energy-efficient overhead lighting, sensor-motioned entry/exit doors, cameras, bio-vacuum toilets, and windows will be some of the features. Leg space, seat cushions, and ladders for upper berths will be more improved than other sleeper trains. The gangways will be sealed to keep the dust-free. Vande Bharat trains run at 160 kmph, and the sleeper trains will be tested at 180 kmph. Vande Metro will begin trials in July. It will be a chair car that travels up to 130 kmph. Every coach will offer seating for 100 passengers and standing space for 200. Previous Next