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< Back Madhya Pradesh launches intrastate air taxi service 14 Jun 2024 The service, called PM Shri Paryatan Vayu Seva, is available at 50% off for 30 days from June 13th. On June 13, Madhya Pradesh Chief Minister Mohan Yadav launched the first PM Shri Paryatan Vayu Seva from Bhopal to Jabalpur. The one-way trip will take 55 minutes compared to four hours by road. The service will connect eight cities in Madhya Pradesh- Bhopal, Jabalpur, Indore, Gwalior, Singrauli, Ujjain, Khajuraho, Panchmarhi, and Rewa. The state government partnered with a private firm, Jet Serv Aviation Private Limited (Flyola), to launch this service. Passengers can book the service digitally or via the booking counter at Indore, Bhopal, and Jabalpur airports. Twin-engine planes will have a capacity of six passengers. Depending on the response, the capacity will be increased to 11-seater and 20-seater aircraft. Ticket prices are kept at ₹9,000 from Bhopal to Jabalpur and ₹15,000 from Bhopal to Khajuraho. Passengers can book the entire private charter or on a seat-sharing basis. The CM will inaugurate this service in Ujjain on June 16th. Previous Next

< Back Payment Aggregators cutting ties with Payment Orchestrators 7 Feb 2025 In Dec 2024, PhonePe ended its association with all third-party payment orchestrators. Razorpay and Cashfree announced it in January 2025. Payment gateways move away from third-party payment orchestrators to gain complete control and improve the security of transactions conducted via their apps and platforms. In December 2024, PhonePe announced its decision to offer direct integration with merchants, thus signalling the end of its association with Juspay. In January 2025, Razorpay and Cashfree announced the same. Juspay enjoyed a monopoly in the third-party payment orchestration market for many years. It is currently in the middle of a $150 million funding round that could propel it to the ‘unicorn’ status. Payment orchestrators route transactions across different payment aggregators or gateways depending on the latter’s commission rates, transaction success rate, and mode of payment. Merchants need a licensed payment aggregator to allow digital transactions using modes like UPI, debit or credit cards, buy now pay later, or net banking. Many merchants relied on Juspay to integrate with different payment aggregators. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back 10 companies who contributed to Ayodhya Ram Mandir Consecration Ceremony 22 Jan 2024 Nifty hit a record high of 22,124 on January 16th, which is being touted as a divine coincidence due to its connection to the date of the temple’s consecration on 22-1-24. As NSE rallied this month to achieve record highs, ten companies who contributed to the consecration ceremony at the Ayodhya Ram Mandir enjoyed the limelight today. Among these are IRCTC, the online railway ticket booking platform, and SIS Limited, which signed an agreement with Ram Mandir Trust to provide security personnel at the complex. Pakka Limited provided compostable and disposable cutlery for today’s ceremony. Kamat Hotels plans to inaugurate a new hotel with 50 rooms in Ayodhya this month and two more in the near future. Praveg has opened a luxury tent resort in the city with a capacity of 30 tents and one restaurant. Apollo Sindoori Hotels is constructing a multi-level car park, and Genesys is building the official map for Ayodhya city. Allied Digital is providing CCTV surveillance. EaseMyTrip and Thomas Cook, the online tourism portals, have crafted special Ayodhya Ram Mandir trip packages. Previous Next

< Back 400 Indian companies behind Chandrayaan 3 success Ishita Nigam 24 Aug 2023 The unprecedented success of Chandrayaan 3 will boost India's position as a cost-effective satellite launcher. Around 140 Indian startups in the aerospace domain will benefit. August 23rd, 2023, went down in history as the day India brought the moon closer. India became the only fourth nation to achieve soft landing on the moon and the first country to safely land on its southern side. And in just ₹615 crores! The credit for this unprecedented success goes to those 400 Indian companies, including 140 startups that contributed to the unmanned spacecraft's building, launch, and landing. Of these, the listed companies include Larsen & Toubro, Hindustan Aeronautics Limited, Bharat Heavy Electrical Limited and its Welding Research Institute, Walchandnagar Industries, Centum Electronics, Linde India, Godrej Aerospace, and Mishra Dhatu Nigam. Some homegrown startups involved were Paras Defence and Space Technologies, MTAR Technologies, Ankit Aerospace, and Ananth Technologies. This feat will trigger commercial and collaboration opportunities for ISRO and private Indian players involved in the mission. India is expected to become a $77 billion space tech market by 2030. Previous Next

< Back Deepinder Goyal, ex-Zomato COO Surobhi Das launch LAT Aerospace 13 Mar 2025 LAT Aerospace plans to develop low-cost, short takeoff and landing (STOL) airplanes having up to 24 seats. Goyal and Zomato ex-COO, Surobhi Das, announced the launch of their startup LAT Aerospace on March 12th . The startup will build lightweight, fuel-efficient STOL airplanes for regional travel up to 1,500 km. These small aircraft can take off and land on compact areas like parking lots, thus eliminating the need for extensive airport infrastructure. STOLs can help connect remote towns through cheaper air travel. LAT’s aircraft will use hybrid propulsion systems as a sustainable alternative. It will compete with ATR, the French-Italian airplane maker, and Bombardier, the Canadian manufacturer that supplies jets to IndiGo and SpiceJet. Goyal invested $20 million and will assume the non-executive role of an investor-mentor. Das joined Zomato in 2011 and quit in November 2023 to join Blinkit’s leadership team. They are actively hiring for engineer, builder, and designer profiles in aircraft design, turbo machinery, aerodynamics, hybrid propulsion systems, and materials and composites domains. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back RBI raises prepaid mobility cards limit to up to ₹3,000 without KYC 18 Mar 2024 The National Common Mobility Card (NCMC) can now be issued with a limit of up to up to ₹3,000 with no KYC. The Reserve Bank of India relaxed KYC norms for the mobility cards. NCMCs are debit, credit and prepaid cards issued by over 25 partner banks and RuPay. These open-loop cards allow commuters to pay for transport systems like metros, road toll and parking plazas, buses, suburban railways, and fuel stations across India. Users can use an NCMC to withdraw money and make online retail payments. It permits offline payments for low-value transactions. The Near Field Communication (NFC) technology facilitates tap-and-go payments. Due to stringent KYC norms, the card saw limited usage, with only 200 million people getting the NCMCs since its launch on March 4th, 2019. The government tried replicating London’s Oyster card or Hong Kong’s Octopus Cards through the ‘One Nation, One Card’ initiative. However, the scattered transportation system and the RBI ban on Paytm Payments Bank, one of the key players issuing NCMCs, made implementing it challenging. Previous Next

< Back The secret behind Mamaearth's sales - Love and Value Creation Ishita Nigam 4 Sept 2023 Mamaearth was born out of love for the founder couple's first-born son who needed a completely natural and safe skincare products. Fueled by the drive to create value for investors got the skincare unicorn to turn profitable last year. Ghazal and Varun Alagh, the first time parents, found the need for natural and toxins free skincare products for babies and created a brand. What fueled their drive was the love for the firstborn son, who was allergic to most products available in the market in India. They started Mamaearth as a homegrown brand, scaled up to watch it become a unicorn and now a soon-to-be listed company. Honasa Consumer, the parent company, owns five other brands: BBlunt, Aqualogica, Dr Sheth’s, The Derma Co, Momspresso, and Ayuga. They filed a Draft Red Herring Prospectus with SEBI in December 2022 and received the nod to get listed in August 2023. Initially, there were rumours of ₹24,000 crores-valuation. The founders’ silence on the matter hurt their reputation on social media. Still, creating value for investors and customers, taking feedback regularly, and their love for everything natural helped Mamaearth become profitable in FY22. Source: YourStory Previous Next

< Back Musk quits; US Court blocks Trump's Tariffs 29 May 2025 The blow came on the same day when Elon Musk announced his exit from the Trump Administration. On May 29th, Elon Musk announced the end of his term as a Special Government Employee, who can serve the government up to 130 days. He criticised the One Big Beautiful Bill Act. This bill extends provisions from the 2017 Tax Cuts and Jobs Act that reduce the corporate and individual tax rates and deduct $1 trillion from programs like Medicaid and SNAP Food Assistance. It was passed by the House and awaits Senate approval now. The US Court of International Trade declared the 10% baseline tariffs issued on April 2 unlawful. Trump is the first President to use the International Emergency Economic Powers Act (IEEPA) to justify his tariffs. The panel noted that Trump did not have the authority to use IEEPA to impose tariffs, and it violates constitutional limits on presidential power. The Trump administration filed an appeal with the US Federal Court against the ruling. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Amul to set up the world’s biggest curd plant in Kolkata 11 Feb 2025 The dairy giant will invest ₹600 crore in setting up a manufacturing plant in the city. Amul’s ₹600 crore (USD 68.6 million) new facility to be set up in Sankrail Food Park, Howrah, Kolkata, will produce 10 lakh kilograms (1,000 metric tonnes) of curd and process 1.5 million litres of milk daily. Kaira District Cooperative Milk Producers Union Limited will set up the plant in two phases. The project is part of the Ministry of Cooperation’s White Revolution 2.0 initiative to strengthen the dairy cooperative movement in West Bengal. The Gujarat Cooperative Milk Marketing Federation Limited (GCMMF), the owner of Amul, exports to almost 50 nations. A report by the International Farm Comparison Network (IFCN) ranks Amul 8th worldwide in milk processing among the top 20 global dairy companies. The organisational turnover increased by 8% in 2023-24 to ₹59,445 crore. It foresees a double-digit revenue growth this year. GCMMF procured milk from more than 1.2 lakh women dairy producers in West Bengal’s 14 districts. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Aditya Birla ventures into paints business with Birla Opus 23 Feb 2024 It plans to become India's second largest paints business with a revenue of ₹10,000 crore and turn profitable within three years of operations. Aditya Birla launched a decorative paints business, Birla Opus, on Thursday under Grasim Industries. It intends to compete with Asian Paints, Berger, and new entrants, like Astral, JSW, and Pidilite, in the ₹80,000 crore industry. The company will operate six manufacturing units and plans to add at least 40% to the country’s annual capacity of 1,332 million litres. Birla Opus plans to build a capacity higher than its competitors in the first year. It commissioned three plants in Panipat (Haryana), Ludhiana (Punjab), and Cheyyar (Tamil Nadu) that will account for 50% of its total capacity. It will launch three more plants in Mahad (Maharashtra), Chamarajanagar (Karnataka), and Kharagpur (West Bengal) by FY2025. In 2021, Aditya Birla announced its entry with a ₹10,000 crore investment. It has invested ₹5,000 crore till now. By March, it will announce pricing and launch products in Tamil Nadu, Punjab, and Haryana. 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

< Back INS Tushil warship boosts India’s maritime prowess 11 Dec 2024 This made-in-Russia warship has engines made in Ukraine. On December 9th, India commissioned INS Tushil at the Yantar Shipyard in Kaliningrad, Russia. It is an upgraded Krivak III class frigate (a warship smaller than a destroyer, bigger than a corvette). It has been constructed as part of a USD 2.5 billion deal signed between India and Russia in 2016 to make four stealth frigates for the Indian Navy. Its construction began on July 12th, 2013. The ship completed all trials by September 24th, 2024. It will reach India almost combat-ready and join the Indian Navy’s Sword Arm. Russia has built six such ships and delivered to India between 1999 and 2013. The ship was expected to be delivered by the end of 2022, but a lag in the engine’s delivery from Ukraine delayed it. INS Tushil carries engines from Zorya Masproekt, the Ukrainian giant that produces marine gas turbines and powers around 30 Indian Navy ships. Don't miss another News150. Stay connected on WhatsApp, LinkedIn, Facebook, Instagram, and X. Previous Next