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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 Akasa Air begins allowing pets up to 10 kg in the cabin 9 May 2024 In November 2022, the airline first announced permitting passengers to carry their pets, like cats and dogs, in cabin or cargo as per their weight. Akasa Air announced on Wednesday its plans to permit passengers to carry their pets weighing up to 10 kg, including the weight of the container, in the cabin. The limit was 7 kg earlier. They also allow pets weighing up to 32 kg with the container in cargo. The decision is based on customer feedback. Besides this, Akasa Air is also implementing a new travel certificate policy, which allows pets’ travel certificates to stay valid for 15 days instead of three. This will facilitate customers booking a shorter return journey within 15 days, while customers travelling beyond 15 days will need a new travel certificate. Since its launch in November 2022, Akasa Air has carried over 3,200 pets. In addition to Akasa, Air India allows pets in the cabin, while Spicejet allows them only in cargo. Air India Express permits passengers to travel with service animals. Previous Next

< Back The rise of social engineering attacks 19 Aug 2025 M&S, Caesars Entertainment, MGM Resorts, and Clorox have faced social engineering cyberattacks. In social engineering cyberattacks, hackers impersonate employees and call their IT helpdesks seeking help in case of lost credentials. Easily accessible personal information of employees or weak authentication practices allow hackers inside the system. Recently, Marks & Spencer faced such an attack on April 23 rd 2025, which led to a ransomware demand from DragonForce. They had used a TCS employee’s email ID. The attack caused M&S a loss of £300 million in operating profit. Clorox also had its system hacked similarly. A call routed through Cognizant’s IT helpdesk went without proper authentication. Clorox sued Cognizant for $380 million. In the case of the cyberattack on MGM Resorts, hackers used publicly listed employee information to impersonate staff. However, MGM refused to pay the $100 million ransom. Corporations are investing in behavioural training, real-time breach detection, and better descriptions of vendor responsibilities, especially in the case of social engineering cyberattacks. Check out my DEBUT BOOK, The Black Flames, on Amazon Kindle. Previous Next

< Back 10,000 Canadians face layoffs after Indian student numbers decline 11 Jul 2025 Canadian colleges are laying off administrative and support staff as funding declines after a drop in Indian student numbers. Marc Miller, the Canadian Immigration Minister, in February, asked educational institutions to reduce their overdependence on international students from a particular region, diversify hiring processes and refine educational standards. Canadian universities receive over 50% of applicants from India. Resultantly, Ontario’s universities forecast $330 million in losses for 2025, rising to $600 million the following year. Sheridan College suspended 40 programs in November 2024 due to budgetary shortcomings and reduced enrolment. Northern College of Timmins anticipates a $6 million deficit for the academic year (AY) 2025-26 and a $12 million deficit for 2026-27. Seneca College in the Greater Toronto Area temporarily closed its Markham campus after international student numbers nosedived. British universities, too, earned £11.8 billion from international students in 2022-23. In AY 2024, one-third of their higher education institutions had funds to last only 100 days. 43% of institutions face budgetary issues and are now lobbying for visa reforms. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back UP govt fines Noida International Airport ₹21 crore for delay in launch 7 Sept 2024 The Jewar airport was to be operational by September 2024, but the deadline has been reset for April 2025. As per the concession agreement between the airport operator Yamuna International Airport Private Limited (YIAPL) and the Uttar Pradesh government, the airport was supposed to start operations on September 30th. A grace period of 91 days was allowed, but the additional delay resulted in a penalty effective September 30th. A major reason for the delay is the holdup in awarding the engineering procurement and construction (EPC) contract. It was finally awarded to Tata Projects in June 2022. YIAPL may apply for an aerodrome license in December to be legally eligible to operate an aerodrome, a place where aircraft flight operations take place. YIAPL is a wholly owned subsidiary of Zurich Airport International AG. Noida International Airport Limited (NIAL) is a special purpose entity of the UP government managing the new airport development. NIAL issued a separate notice to YIAPL for extending the deadline without consulting them first. 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 US Federal Trade Commission Tapestry’s $8.5 billion acquisition of Capri 26 Apr 2024 The acquisition will unite six luxury brands, including Tapestry’s Kate Spade, Coach, and Stuart Weitzman, with Capri’s Versace, Jimmy Choo, and Michael Kors, under one entity. The Federal Trade Commission (FTC) moved to prevent Tapestry, Inc.’s $8.5 billion acquisition of Capri Holdings Limited. Tapestry wants to strengthen its foothold in the fashion industry by acquiring Capri. Kate Spade and Coach offer affordable items called accessible luxury accessories. As per the FTC, the combined entity will have no reason to be price competitive, thus forcing Americans to pay more for these items. This will dissolve the competition for affordable handbags, while wage workers may lose their benefits and favourable working conditions. The new company will compete directly with European luxury brands like Burberry and Louis Vuitton. It may record over $12 billion in annual revenue and a presence in over 75 nations. Tapestry announced the deal in August 2024 and received regulatory approval from Europe and Japan. It maintains that customers get ample options in every segment and the deal will not impact their buying power. Previous Next

< Back Pine Labs, Udaan among S’pore based firms returning to India 3 Jan 2024 Their plans for getting listed and launch their IPOs in the growing Indian market are pulling them home. Focusing on their market listing and IPO plans, several companies like Pine Labs and B2B eCommerce firm Udaan have joined the bandwagon to return their base to India. Meesho is also deliberating flipping its US headquarters to India. These companies had set up their bases abroad to get easier funding and leverage flexible tax policies. But now, with the Indian regulatory framework tightening, they are making a move to come back before it is too late. Earlier, Razorpay and stockbroking giant Groww manifested a cross-country merger between their American holding companies and India units. While these companies move their base to India, some, like Udaan, plan to keep an entity running in the US for possible listing there. Their entry back to India means more tax gains for the Indian government, as happened in PhonePe’s re-entry in 2023, which brought almost $1 billion in tax gains to the government. Previous Next

< Back Govt asked Amazon, Flipkart to setup ONDC storefronts on their portals 29 Apr 2024 Establishing its storefront on eCommerce portals’ home pages will help Open Network for Digital Commerce (ONDC) expand operations and efficiency. ONDC, launched in January 2023 to counter eCommerce’s dominance, is the brainchild of Department for Promotion of Industry and Internal Trade under the Commerce Ministry. It allows small players easy access to an open sellers’ network without paying a significant commission or signing up on eCommerce portals. It is now discussing phased participation with Amazon and Flipkart to launch its storefront on their home pages. Amazon confirmed integrating its logistics network and Smart Commerce services in February 2023. This will give Amazon’s users access to the product offerings from ONDC’s over 105,000 non-mobility sellers. Flipkart’s logistics arm Ekart and Snapdeal integrated with ONDC in December 2023. ONDC is also in talks with the National Restaurants Association of India, representing over 500,000 restaurants, for last-mile delivery, order tracking, and network listing. It directly competes with Zomato and Swiggy and integrated end-to-end services for Paytm and Magicpin. 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 PayU to enter B2B payments, supply chain financing 16 Nov 2023 It plans to expand its profile once it receives the RBI payment aggregator license. Payments gateway veteran PayU plans to enter Business-to-Business or merchant payments for Indian customers. Once that is set, it will venture into the small ticket supply chain financing space. PayU also acquired a 4.6% stake in the supply chain financing startup Vayana Network. The B2B merchants tie up with multiple payment aggregators, so retention is lower in this segment. PayU intends to use QR codes for offline payments instead of POS terminal transactions. The Reserve Bank of India (RBI) rejected PayU’s application for the payment aggregator license in January this year. The company had to stop onboarding new merchants after this development. It implemented changes in its holding structure, reapplied for the permit, and now awaits RBI’s final nod. PayU used to generate up to 99% of its revenue from payments till FY2019. Now, it generates up to 47% of its revenue from non-payment related operations and 30% from credit. 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