< 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

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 Rekha Gupta sworn in as Delhi’s 9th Chief Minister 20 Feb 2025 She’s the 4th Woman Chief Minister after Sheila Dixit, Sushma Swaraj, and Atishi. Marking BJP’s return to Delhi after 26 years, Rekha Gupta took oath as Delhi’s Chief Minister on Thursday. She won from Shalimar Bagh with 30,000 votes. Gupta, 50, began her political career as an Akhil Bharatiya Vidyarthi Parishad member in 1992 while pursuing BCom at Daulat Ram College, Delhi University. She became the Delhi University Students’ Union (DUSU) President in 1996-97 and completed LLB from Meerut in 2022. A three-time councillor, she developed Delhi’s first women’s park, Sita Vatika, and introduced battery-operated garbage trucks, a sexual harassment helpline, and underground parking. As Chairperson of the Women Welfare and Child Development Committee in the Municipal Corporation of Delhi (MCD), Rekha Gupta launched Sumedha Yojana to offer financial assistance to economically challenged female students. BJP chose her as the MCD mayoral candidate in 2022 against AAP’s Shelly Oberoi. Rekha’s nomination continues the female candidacy for Delhi’s CM position, contrasting Kejriwal’s 10 years. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Air India introduces Wi-Fi on domestic, int’l flights 6 Jan 2025 From January 1st, 2025, Air India introduced the service on all flights operated by Airbus A350, a few Airbus A321neo, and Boeing 787-9. On January 1st, Air India became the first Indian carrier to introduce Wi-Fi onboard domestic and international routes. The service will be available to all passengers free of cost during the introductory period. The airline hasn’t yet specified till when the complementary period will last. Users can use Wi-Fi on Android and iOS smartphones, laptops, and tablets and connect multiple devices above an altitude of 10,000 feet. To use Wi-Fi, users can select the ‘Air India Wi-Fi’ network from Wi-Fi settings. On being directed to the Air India portal on the browser, enter the PNR and last name to access complimentary internet service. The national carrier conducted a pilot programme on international routes to New York, Singapore, London, and Paris. In-flight Wi-Fi connectivity depends on satellite systems, routes, government regulations, and bandwidth availability. However, Air India intends to gradually extend the services to more aircraft in its fleet. Previous Next

< Back Zepto targets ₹10,000 cr sales, profitability within one year Ishita Nigam 11 Oct 2023 The quick commerce platform became the first unicorn of 2023. It aims to turn profitable within 10-12 months and go public after that. Quick commerce platform Zepto, which launched operations in 2021, aims to achieve ₹10,000 crore in sales and profitability in the next 12 months. It plans to go public after that to become the youngest Indian company to do so within five years of launch. Zepto raised $200 million in fresh capital at a $1.4 billion valuation in August to become the first unicorn of 2023. It plans to expand its store count by 40% in existing markets and launch fresh offerings like Zepto Café to deliver snacks and beverages from its dark stores within 20 minutes. It has tied up with quick service restaurants like Blue Tokai Coffee Roasters and Chaayos for serving fast meals. Started by 21-year-old Aadit Palicha and Kaivalya Vohra, Zepto operates in 7 cities from 220 dark stores. Earlier this year, it launched the Zepto Bloom app for farmers to facilitate direct produce sales from farmers. Previous Next

< Back Jio to launch satellite internet in India 15 Jun 2024 Orbit Connect India, a joint venture between Jio Platforms and Luxembourg-based SES, will provide satellite internet across India. Orbit Connect India secured the approval of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to offer satellite internet across India. It gathered three approvals between April and June 2024, which allowed it to position satellites above India. However, it will need more approvals, for instance, from the Department of Telecommunications, to begin operations. Amazon’s Kuiper and Elon Musk-owned Starlink are still awaiting approval to offer satellite internet in India. The British Satellite Telecom firm Immarsat and OneWeb, backed by Eutelsat Bharti Enterprises, also obtained approval from IN-SPACe to operate satellite internet in India. Given the demand for satellite internet, especially in rural India, the market is expected to grow by 36% to reach ₹16,000 crore in the next five years. Elon Musk's cancellation of his visit to India in April and departure to Beijing instead seems to have hit a nerve with the government. Previous Next

< Back Ford may re-enter India by 2025 13 Sept 2024 It has held multiple negotiation rounds with the Tamil Nadu government over the past six months but has yet to make a final decision. After exiting India in 2021, Ford is planning a comeback next year. Over the past six months, it has held many discussions with Tamil Nadu Chief Minister M.K. Stalin to discuss EV and ICE (Internal Combustion Engine) vehicle production at its old Maraimalai Nagar plant just outside Chennai. Talks of its return erupted in the market after Ford India filed for a design patent for the new Endeavour model, its bestselling product in the country. After its exit, several OEMs (Original Equipment Manufacturers) showed interest in acquiring the plant, but nothing was finalised. Ford left India after suffering operational losses to the tune of $2 billion in a decade. Moreover, its product strategy did not succeed with Indian consumers, who prefer smaller, fuel-efficient cars. The company could not fully utilise its manufacturing capacity, which impacted its financials, and it wanted to focus on profitable markets. Previous Next

< Back Quick commerce apps to start delivering electronics, white goods by Diwali 18 Jun 2024 By Diwali, quick commerce apps like BBNow, Zepto, Swiggy Instamart and Zomato’s Blinkit plan to start selling electronics and appliances in 10-45 minutes. As companies experience up to 45% sales through quick commerce, electronics brands are also partnering with quick commerce apps. Tata’s Croma is partnering with BBNow to sell smartphones. If apps can offer exchanges and EMI buying options demanded by customers, this will be a significant revenue stream. These products are expected to bring in much more revenue and enhance customer stickiness than other products bought on these apps. However, for large appliances, these apps will sell only 4-5 top-selling models or the ones in high demand, as per customer reviews, and not as wide a range as Amazon or Flipkart. Big appliances will consume larger warehousing spaces and four-wheeler deliveries. Blinkit ran a pilot selling iPhone for a limited period last year. Havells sold air coolers and fans in a pilot program this year. Q-commerce apps also sell small products like Bluetooth speakers, smartwatches, fans, and steam irons. Previous Next

Ce pays introduit également des droits de douane de 25 % sur l’acier et l’aluminium. < Back Le Canada va imposer des droits de 100 % sur les importations de véhicules électriques chinoises Ce pays introduit également des droits de douane de 25 % sur l’acier et l’aluminium. Outre les modifications de la législation sur l’immigration, le Canada introduit, à partir du 1er octobre, un nouveau droit de douane sur les voitures électriques chinoises et les voitures fabriquées par Tesla dans son usine de Shanghai, ainsi que des taxes de 25 % sur l’acier et l’aluminium à partir du 15 octobre. Le Canada et d’autres pays occidentaux accusent la Chine d’offrir de subventions à ses fabricants de véhicules électriques. La Chine appelle cette décision ‘protectionnisme commercial’ qui viole les règles de l’Organisation mondiale du commerce. La Chine est le deuxième partenaire commercial du Canada après les Etats-Unis. Cette décision fait suite a des annonces similaires faites par les Etats-Unis et l’Europe. En mai, Les Etats-Unis ont annoncé qu’ils quadrupleraient les droits sur les importations de voitures électriques chinoises pour les porter à 100 %. Peu après, l’UE a annoncé des droits similaires, de l’ordre de 36,3 %. Previous Next

< 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 Skyroot becomes India’s 1st space tech unicorn 8 May 2026 It raised $60 million in the latest funding round, pushing its valuation to $1.1 billion. Skyroot Aerospace is a Hyderabad‑based private rocket startup founded by IIT graduates and former ISRO engineers Pawan Kumar Chandana and Naga Bharath Daka in 2018. The funding round was co‑led by Sherpalo Ventures and GIC , with participation from BlackRock , Greenko founders , Arkam Ventures , Playbook Partners , and the Shanghvi Family Office . Skyroot is preparing for the June launch of Vikram‑1 , India’s first privately developed orbital‑class rocket , subject to regulatory approvals and vehicle readiness. It will carry earth‑observation satellites and experimental payloads. Skyroot previously launched Vikram‑S in 2022, the first private Indian rocket to reach space . The new capital will scale manufacturing, increase launch frequency, and accelerate the development of Vikram‑- 2, a one-tonne-class cryogenic-stage rocket. The global space launch market reached $16.13 billion in 2025 and is expected to grow to $52.83 billion by 2035, as per Global Growth Insights. Skyroot and Agnikul Cosmos operate in the small satellite segment. Check out my books, The Black Flames , The Flames Turn White , and crawlers , a poetry collection, on KINDLE . Previous Next

< Back Mumbai T1 airport to undergo redevelopment from Nov 2025 31 Jan 2025 The construction is expected to end by 2029. Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA) Terminal 1 will undergo redevelopment from this year end to increase the handling capacity by 42% to 20 million passengers annually. CSMIA is owned and operated by Mumbai International Airport Limited (MIAL), a joint venture between Adani Airport Holdings Limited, that owns 74%, and Airports Authority of India that owns the rest 26%. Mumbai Airport’s Terminal 2 and the ready-for-opening Navi Mumbai airport will cater to the passenger traffic during the redevelopment. The new terminal will be redeveloped in phases, beginning with demolition in November 2025, followed by construction. It will mainly cater to domestic traffic, with a potential integration for international flights in the future. District cooling systems, next-gen electrical substations, direct metro access, and biometric security checks will be a few upgrades to the terminal. It will also include a Multi-Modal Transit Hub (MMTH) integrating air, road, and rail transport. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next