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< Back Pakistan losing above $760k daily due to airspace closure 28 Apr 2025 In 2019, Pakistan closed its airspace for Indian carriers after the Pulwama attack, which cost it USD 760,000 daily. Airlines pay an overflight fee to countries for using their airspace. A Boeing 737 crossing Pakistani airspace pays USD 580 in overflight fees; larger aircraft pay more. Today, around 350 international flights cross its airspace daily. Overflight charges comprise around 20% of their annual civil aviation revenue. After the Pulwama attack, closing its airspace cost the Pakistani Civil Aviation Authority and Pakistan International Airlines around USD100 million in a few months. This included USD232,000 lost in daily overflight revenue. Its total aviation revenue is expected to be over USD6 billion by 2029, compared to India’s estimated USD30 billion aviation revenue in 2025. 60% of the annual revenue comes from the east-to-west air corridor spanning 10,000 km, which connects Asia with the Middle East and Europe. Closing the airspace is causing Pakistan heavy daily losses and operational delays, as well as longer flights and raised prices for Indian carriers. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Microsoft introduces agentic AI model Magma 21 Feb 2025 It combines language and visual processing to control software and robotic systems. Microsoft’s Magma can process multimodal data like texts, images, and videos and act on it. That’s irrespective of whether it is navigating a user interface, like clicking buttons and filling forms or manipulating physical objects, like commanding a robot to pick up things and move objects. It has been developed by researchers from Microsoft, the University of Maryland, KAIST, the University of Washington, and the University of Wisconsin-Madison. Microsoft’s ChatGPT for Robotics and Google’s RT-2 and PALM-E are AI-based robotics models that use large language models (LLMs) as interfaces and require separate models for perception and control. Magma integrates both abilities into a single base model. Microsoft is positioning it as agentic AI that can formulate plans and act on them rather than just answer questions. OpenAI’s Operator and Google’s Gemini 2.0 are endeavours towards agentic AI. Microsoft also launched Muse, a videogame AI model that generates visuals and actions. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Japan Air flight plummets nearly 26,000 feet midair 2 Jul 2025 The Boeing 737-800 Dreamliner fell from 36,000 feet to almost 10,000 feet due to a sudden cabin pressure failure. On June 30th, 6:53 p.m. local time, Japan Airlines flight JL8696 experienced a cabin pressure failure, causing it to fall nearly 25,000 feet in under 10 minutes. The plane was flying under a code-share agreement between Japan Airlines and its low-cost subsidiary, Spring Japan, from Shanghai Pudong to Tokyo’s Narita. It was carrying 191 passengers. One passenger heard a “muffled boom”, after which oxygen masks were automatically deployed, and the flight attendants panicked. The plane made an emergency, safe landing at Kansai Airport, Osaka, at 8:50 pm local time. Japan Airlines offered ¥15,000 (around $104) and overnight accommodation as compensation. Air India Boeing 777 flight from Delhi to Vienna on June 14th faced a similar malfunction, after which the plane dropped 900 feet mid-air. The flight landed safely in Vienna. Mumbai-bound Ethiopian Airlines B787 Dreamliner made an emergency landing on June 29th after seven passengers fell sick due to depressurisation. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back JSW Steel-JFE to acquire Thyssenkrupp Electrical Steel for ₹4,051.4 crore 21 Oct 2024 JSW Steel has a 50:50 joint venture with Japan’s JFE Steel Corp that will acquire a 100% stake in Thyssenkrupp Electrical Steel India (TKES). The JSW Steel – JFE joint venture is set to fully acquire Thyssenkrupp Electric Steel, including licensing or transferring its associated technology to enhance its portfolio of value-added steel products. TKES’s Nashik facility makes grain-oriented electrical sheets (GOES), which are used to manufacture energy-efficient transformers and bigger, high-performance generators. Jsquare Electrical Steel Nashik, the JSW-JFE joint venture, will execute the transaction. It expects to achieve immediate market access with this acquisition. The acquisition will enable the JSW-JFE joint venture to make GOES in India for domestic and global customers. Presently, India imports the majority of the GOES from Japan, Russia, and China. ArcelorMittal, POSCO, and Baosteel are the biggest global manufacturers of GOES. The market for GOES is valued at around $13 billion worldwide, projected to reach $20 billion by 2032. The acquisition is expected to be completed within eight months, subject to approval from the Competition Commission of India. Previous Next

< Back EU to hike duties on Chinese EVs by up to 38.1% from July 13 Jun 2024 This comes a month after the US announced its plans to quadruple tariff on Chinese EVs to 100%. To combat excessive subsidies, the European Commission will increase tariffs on electric vehicles from 17.4% for BYD to 38.1% for SAIC, besides the regular 10% duty levied on cars. So, the overall duty on vehicles would be nearly 50%. European automakers have been competing with their Chinese counterparts, whose market share has risen from below 1% in 2019 to over 8%. Chinese EVs are expected to cover 15% of the European market by 2025. Brands like BMW will incur additional duties for EVs made in China and sold in Europe. The Chinese government issued disapproving statements after the announcement. However, the Chinese Passenger Car Association said the hike is within their expectations and will not impact most firms in China. Chinese car exports had surged by over 50% in 2023. Besides, European regulators will consider loans granted by Chinese governmental banks as subsidies subject to additional tariffs. Previous Next

< Back Lab-grown diamonds sales glitter during Diwali 2023 15 Nov 2023 Sales of lab-grown diamonds (LGDs) doubled during Dhanteras – Diwali week. Also, digital gold sales saw a year-on-year increase of 60%. Indians are turning to lab-grown diamonds (LGDs), which are cheaper than natural diamonds. As per Limelight Diamonds, the largest LGD brand in the country, their sales grew by 120% this year compared to Diwali 2022. One carat solitaire LGD rings cost between ₹80,000 and ₹1 lakh, down from ₹2 lakh a year ago and far lower compared to a one carat natural diamond ring that costs around ₹5 lakh. LGD sales have also increased in Tier 2 cities, where brands plan to expand. The number of LGD retailers in India has gone up to 4,000 from just a few last year. PM Modi gifted Greenlab’s 7.5 carat LGD to US First Lady, Jill Biden, on his June visit. Besides, older millennials and young parents are investing around ₹13,000 on average for existing customers and ₹17,500 for new customers in digital gold via payment and banking platforms. Previous Next

C’est la deuxième entreprise privée à y parvenir, et la première à le faire à la verticale. < Back Une société texane fait atterrir un vaisseau spatial sur la Lune C’est la deuxième entreprise privée à y parvenir, et la première à le faire à la verticale. La société Firefly Aerospace, basée à Austin (Texas), a envoyé son vaisseau spatial, le Blue Ghost Mission 1, sur la Lune. Il s’est posé en position verticale dimanche à 8h34 GMT. L’atterrissage a eu lieu près de Mons Latreille, une formation volcanique située sur la face nord-est de la Lune, dans Mare Crisium, à moins de 100 mètres de sa cible. Il a été frappé par un astéroïde il y a 3 milliards d’années. En février dernier, la société Intuitive Machines, basée à Houston, a envoyé la première mission lunaire privée après Apollo 17 en 1972. La mission est surnommée « Ghost Riders in the Sky ». Ces missions s’inscrivent dans le cadre du programme Commercial Lunar Payload Services, une collaboration entre la NASA et l’industrie d’une valeur de 2,6 milliards de dollars. Elle vise à réduire les dépenses et soutenir Artemis, qui ramènera des astronautes sur la Lune. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back India no longer the cheapest mobile tariff nation 4 Nov 2025 An ICICI Securities report stated that Bangladesh and Egypt now offer cheaper tariff plans. In recent years, India has improved its affordability rankings for mobile tariffs. However, it still offers one of the most generous allowances, especially for voice services. According to the report, Indian telecom companies offer up to 26 GB of extra data at a rate of ₹4 per GB, making it one of the most affordable data offerings globally. Besides India, Indonesia is the only other nation with such low rates. Compared to China, India offers base plans that are 21% cheaper, with higher service allowances for voice and data usage. The average revenue per user (ARPU) based on consumer spending for Indian telecom companies has increased by 13.5% from 2019 to 2025. The report suggested that this hike is faster than inflation and, therefore, not sustainable in the long term. In the past decade, the ARPU grew at a CAGR of 3.4%, much below the inflation rate. 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 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