< Back India drives into top 5 car exporters to Japan 27 May 2025 Vehicle exports to Japan rose from $220.62 million in FY24 to $616.45 million in the first three quarters of FY25. The growing demand for India-made cars increased threefold between FY24 and FY25. Maruti Suzuki leads passenger vehicle exports with 42% market share, followed by Hyundai (24%), Kia (13%), Volkswagen, and Nissan. Maruti exports Jimny, Fronx, and Baleno to Japan, where Jimny saw 50,000 bookings within four days of its launch. Maruti launched the Jimny in India in June 2023 and exports it to Latin America, the Middle East, and Africa. This car saw desolate sales figures in India, with 730 units sold in December 2023, and just 163 in January 2024. Similarly, Honda exported 45,167 units of the Elevate SUV to Japan, compared to half this number sold in India. It is sold as WR-V and is the first made-in-India car to be exported to Honda’s birthplace. Compact SUVs constitute 25% of India’s car exports, and Japan, Germany, China, South Korea, and the US are the top destinations. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Merchant fees on UPI, RuPay debit cards may return 12 Mar 2025 Banks submitted a formal proposal to the government to reintroduce the charges. UPI and RuPay transactions are controlled by the National Payments Corporation of India (NPCI). Merchants pay the MDRs to banks for real-time payment processing. Before 2022, merchants had to pay banks a discount rate below 1% of the transaction value. It was removed in the FY2022 budget to promote digital payments, and it worked as UPI became the most widely used payment mode. The government is considering introducing a tiered pricing mechanism to charge the fee only to large businesses with annual GST turnover over ₹40 lakhs. The fee will be lower for smaller merchants, and free for those with a yearly turnover of less than ₹40 lakhs. Big retail businesses mostly use credit and debit cards for over half of their payments and pay MDR for the transactions. A minor fee on UPI payments would not have any significant impact. MDR can help payment aggregators make their businesses profitable. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Tata Consumer Products to acquire 75% stake in Capital Foods 12 Jan 2024 Capital Foods owns Ching’s Secret, FabIndia-backed Organic India, and Smith & Jones brands. Tata Consumer Products had been in negotiation rounds with Capital Foods for months. The talks seem to have come to a close as the conglomerate plans to acquire a 75% stake in Capital Foods for ₹5,100 crore. The existing investors, the European firm Invus Group and the American Private Equity group General Atlantic, will divest their 40% and 35% shares, respectively. Capital Foods Founder-Chairman Ajay Gupta will retain his 25% stake for now. Although Tata may buy him out in the future. Tata Consumer is also acquiring a 40% stake in Organic India, the tea and herbal supplements brand, for ₹1,800 crore. Tata Consumer owns brands like Soulfull, Himalayan Water, Tata Tea and Salt, and Tata Starbucks' joint venture. The move is expected to help Tata compete with Nestle’s market-leading brand Maggi and other players like Wai Wai, Top Ramen, and Patanjali noodles. 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 to manage Iran’s Chabahar Port for 10 years 13 May 2024 This port is India’s direct link to Afghanistan, Central Asia, and Eurasia. Chabahar will connect to the International North-South Transport Corridor (INSTC), which links India, Iran, and Russia. In a critical geopolitical move, India and Iran signed an agreement to manage Chabahar Port for ten years. The discussions were triggered last August during the BRICS Summit. This is the first time India will manage an overseas port. This port will link India and Russia via Iran, allowing India to bypass Pakistan and directly access Afghanistan and Central Asia. The new agreement will replace the original contract and automatically extend after ten years. The original contract covered only the operations at Chabahar’s Shahid Beheshti terminal and renews every year. It was developed under a tripartite agreement signed between India, Iran, and Afghanistan in May 2016. Kazakhstan and Uzbekistan wanted to use Chabahar to access the Indian Ocean Region. Pakistan also tried to convince Central Asian states to use Karachi Port to access the Indian Market, but India indicated that Chabahar would be a better option. Previous Next

< Back Health & fitness brands’ sales spike on New Year's Day 9 Jan 2024 HealthifyMe reported ₹2.5 crore in sales on January 1st compared to ₹70 lakh per day sales on average. Boldfit recorded sales up to 25% higher in the first week of 2024. Health and Fitness apps and many subscription-based companies cashed in massive sales on New Year due to resolutions. HealthifyMe, which offers fitness coaching and diet and nutrition plans, broke its previous records. 66% of its revenue came from subscription renewal compared to 50% in January 2023. Curefit-owned Cultsport, a sportswear and equipment seller, witnessed a similar hike but expects a downward spiral by the end of the month and a further 30% drop in February. Boldfit, which sells fitness products and nutritional supplements, saw up to 22,000 orders daily, or one order every four seconds, comparable to the Prime Day sale in 2023. The January-March quarter sees the highest industry sales, especially in nutritional supplements, health equipment like yoga mats, sports shoes, and fitness coaching. The trend is visible worldwide, with American companies like New York Sports Club offering a $1 joining fee and complimentary membership for a month. 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 Nvidia surpasses Microsoft to become the world’s most valuable company 20 Jun 2024 Its share price almost doubled since the beginning of 2024. The chip maker is now worth $3.34 trillion against Microsoft’s $3.32 trillion. California-based AI chip maker Nvidia is now worth more than Microsoft. It surpassed Apple earlier this month. The company dominates the market for chips used for training and running generative AI models. ChatGPT is one such model. It saw a spike in sales of its graphic cards in 2020 when consumers rushed to mine their bitcoins. Its Taiwanese owner, Jansen Huang’s popularity burgeoned along with his company. The company’s market capitalisation jumped from $1.21 trillion on January 6th this year to $3.34 this week. Nvidia provides Graphics Processing Units (GPUs) to cloud service providers to train and run AI applications. It serves over 20,000 startups and established conglomerates like Microsoft, Amazon, and Alphabet. Nvidia offers the Blackwell platform, which facilitates real-time generative AI on large language models at 25 times less cost and energy consumption than the last platform. It is also venturing into deep learning and autonomous vehicles. Previous Next

< Back RBI grants Zoho, Decentro, and Juspay the Payment Aggregator license 8 Feb 2024 In January, Zomato, Tata Pay, and Stripe received the Payment Aggregator (PA) license. Amidst the hue and cry surrounding Paytm Payments Bank getting barred, RBI granted PA licenses to startups like Zoho, Decentro, and Juspay. Zoho is an Enterprise Software-as-a-Service startup and the only such company to secure the permit. Decentro offers banking solutions via APIs and integration services to neo-banks, fintechs, and marketplaces. Juspay offers UPI, card, and wallet-based transactions. Other fintech startups like PhonePe, Pine Labs, Infibeam, Easebuzz, and Enkash received in-principle approvals from the central bank. This means they get 18 months to comply with all regulatory conditions to obtain the final PA license. Cashfree and Razorpay received their much-awaited licenses in December 2023. After having its application returned last year, PayU reapplied again, and its application is under process. Cred is also awaiting the nod. PA license allows companies to become payment services providers to merchants of online and eCommerce businesses and accept various payment instruments from customers. Previous Next

< Back Alpha Wave makes more than $1bn binding offer to buy stake in Haldiram’s 10 Dec 2024 Alpha Wave Global, earlier known as Flacon Edge, is a Tiger Global subsidiary. Haldiram’s Snacks Food is selling 15-20% of stake in the Indian snacking giant and suitors are queuing up. One interested group is led by Bain Capital, partnered by Temasek, and the other is led by Blackstone, Singaporean GIC, and Abu Dhabi Investment Authority (ADIA). With the stake sale, Haldiram’s promoter group is hoping to receive the public market premium of ₹93,500 crore ($11 billion), while the family is vying to get at least a $10 billion valuation from the investors. With Blackstone and Bain leading the initial talks, the company would have had to sell off up to 76% of its stake. The company is now considering selling a minority stake in the combined operations of their Nagpur and Delhi factions. After the deal, Delhi will hold a 56% stake while Nagpur will have 44%. Alpha Wave invests mostly in consumer technology ventures like LensKart, Chaayos, CRED, Cars24, and Dream11. Previous Next

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< Back DMart adds highest ever number of stores in Q4 FY2024 8 Apr 2024 By 2025, DMart’s target market size is expected to rise to $2.3 trillion and its market share to 5% from the existing 1%. By March-end, DMart announced a new line-up of stores across the country, an increase of 13% annually. Its revenue spiked 20% year-on-year to ₹12,393 crores, with a 7% increase in revenue per store and a 5% jump in revenue per square foot. DMart offers low prices brought in by lower operating costs and quick inventory turnover. First, it buys in bulk from its suppliers at heavy discounts. It offers a quick payback cycle of approximately 7-9 days, compared to the average 30 days in the retail industry. Moreover, opening a group of stores in the same region reduces transportation costs and attracts better deals. Second, DMart doesn’t rent; it buys its properties, thus removing rental expenditures. It doesn’t spend much on marketing; instead, it uses word of mouth. Its focus on affordable pricing further strengthens its position in the FMCG domain. Source: Market Brew by Tata Fintech Previous Next