< Back New fintech startup, Stable Money, focuses on Fixed Deposits via app Ishita Nigam 5 Sept 2023 Offering FDs from ₹1,000 on the app, Stable Money plans to integrate its app with 25 banks by the end of 2023. Fixed Deposits are back. Says the new fintech startup, Stable Money. The Bengaluru-based venture started operations in 2022 and secured $5 million this August from Matrix, Lightspeed, Titan Capital, Mar Shot, Snapdeal founders, and Swiggy Co-founder Sriharsha Majety. Harish Reddy and Saurabh Jain, Stable Money founders, believe FDs are the most stable product for building financial stability and businesses for the masses. They have tied with banks and NBFCs to offer FDs on the app on behalf of these institutions. Customers can create FDs from ₹1,000 on Stable Money. In just 20 days of its launch, the startup claims to have received ₹10 crore worth of investments from over 20,000 customers. The founders plan to focus on getting organic traffic from social media and investment enthusiasts. They will expand to corporate, government, and sovereign gold bonds (SGBs) soon. Currently, Zerodha and Groww also offer FDs as part of their offerings. Previous Next

< Back Wow! Momo – The Indian dominant among foreign Quick Service Restaurants 19 Jan 2024 The Kolkata-based fast food chain, founded in 2008, reported a 93% revenue growth from ₹222 crore to ₹415 crore between FY2022 and FY2023. Wow! Momo is the only homegrown chain competing and surviving in the league of big brands like Domino's, KFC, and McDonald’s in India. After reporting a 93% hike in revenue, the Quick Service Restaurant (QSR) brand opened 190 new outlets nationwide and plans to add up to 180 by March. It currently operates 620 stores PAN India. It launched Wow! China in 2019, contributing around ₹14 crore in revenue monthly, and Wow! Chicken in 2022, that adds ₹3 crore revenue per month. All Wow! Momo outlets are company owned and run. Wow! Momo produces 10 lakh momos daily in its facilities in the north, west, and east. It sells frozen momos under the brand Wow! Momo Sales and recently launched Wow! Eats combining all three brands. It earns 44% of its revenue from online orders, including 10% from direct orders from ONDC, and it plans to increase them via its own app. Previous Next

< Back DOMS now India’s biggest stationery brand 6 Nov 2025 Between 2010 and 2025, the DOMS market share rose to as high as 35%, while Camlin’s dropped to 8-10%. A strategic growth plan, including combo kits, design innovation, YouTube art tutorials, and promoting itself as an ideal birthday gift, helped DOMS overtake Camlin over the years. In 2012, the Italian art supplies giant, F.I.L.A. Group, acquired a minority stake in DOMS, and in 2015, it gained a 51% majority stake. It helped DOMS expand globally and improve its design. Its combos help parents save time, and now contribute over 40% to Scholastic's sales, ET reported. On the other hand, after the Osaka-based Kokuyo Group acquired a majority stake in Camlin in 2011, product launches were delayed, and packaging and marketing updates were uninspiring. Kokuyo today owns 74.44% stake in Kokuyo Camlin and leads the Japanese market in office stationery and furniture. In December 2023, DOMS went public with an initial offering between ₹750-790 and listed at ₹1,400 per share. Within a year, it reached ₹3,100 per share. 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 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 Chinese brands secure four of the five top spots in Indian mobile market 19 Jul 2024 The Chinese mobile maker Xiaomi regained the top spot after six quarters when its shipments grew by 24% annually. Fuelled by high demand, Chinese mobile phones are flooding the Indian market and securing top spots. In the first quarter of FY2025, Xiaomi and Vivo held the first and second positions, each with an 18% market share, followed by the Korean brand Samsung, with a 17% share. More Chinese brands, Realme and Oppo, rank fourth and fifth in India with a 12% and an 11% share. The overall market share of Chinese smartphone brands in India spiked to over 75% from 61% in the July-September quarter last year. The June 2024 quarter saw a 1% increase in mobile shipments, with 36.4 million unit sales. The market research firm Canalys says demand for mobile phones dropped in the July-September quarter due to elections, an extreme heatwave across the country, and low seasonal demand. Xiaomi India has been undergoing trial by the Enforcement Directorate (ED) for its third-party payments since 2014. 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

< 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 Reliance Retail buys 51% stake in Alia Bhatt's Ed-a-mamma Ishita Nigam 7 Sept 2023 Reliance Retail signed a JV and plans to expand the kids and maternity wear brand to personal care, baby furniture, childrens' books, and an animated series. Reliance Retail Ventures (RRVL) signed a Joint Venture agreement with Alia Bhatt’s Ed-a-mamma and acquired a 51% stake in the baby and maternity clothing brand. Alia Bhatt launched the brand in 2020 as a sustainable clothing line for 2- to 12-year-olds. It expanded to include maternity, infant, and toddler apparel in October 2022. Reliance plans to introduce sustainable personal care, baby furniture, kids’ storybooks, and even an animated series for children. Ed-a-mamma is known to avoid using plastic buttons and refurbishing used fabric to make hair ties. The brand also includes seed balls with each garment sold. Ed-a-mamma started as an online-only store but gradually expanded offline. The company plans to leverage Reliance’s extensive omnichannel network of more than 18,500 stores and eCommerce platforms. Reliance runs the online fashion portal Ajio.com and owns the rights to Gap in the fashion domain in India. Previous Next

< Back Pakistan declines Trump’s push to join Abraham Accords 26 May 2026 It is the first among the countries approached by Trump to publicly oppose joining the Israel normalisation pact. Pakistan’s refusal is aligned with its long‑standing pro-Palestinian stance and its reluctance to shift regional policy despite US pressure. Trump urged several Muslim‑majority nations, including Saudi Arabia, Qatar, Turkey, Egypt, and Jordan, to normalise relations with Israel under the Accords. Still, none of the others has issued official responses yet. Trump is tying the current Iran negotiations and broader Middle East stabilisation efforts to a major expansion of the Accords. He has publicly urged Saudi Arabia, Qatar, Pakistan, Turkey, Egypt, and Jordan to normalise relations with Israel as part of a larger regional deal. The Abraham Accords are a set of US‑brokered agreements from 2020 that normalised diplomatic, economic, and security ties between Israel and several Arab/Muslim‑majority countries, starting with the UAE and Bahrain, and later joined by Morocco and Sudan. They broke the long‑standing Arab position that Israel would only be recognised after a Palestinian state was created. Check out my books, The Black Flames , The Flames Turn White , and crawlers , a poetry collection on KINDLE . Previous Next

< Back Supreme Court dismissed PIL against E20 petrol 1 Sept 2025 The petitioner cited a 2021 NITI Aayog report that raised concerns about older vehicles being non-compliant with E20. Advocate Akshay Malhotra had filed a petition with the Supreme Court citing concerns about ethanol-based petrol E20. He sought an option of ethanol-free petrol for vehicles manufactured before April 2023. Vehicles made after April 2023 are compliant with E20 petrol. The matter was presented before the bench headed by the Chief Justice BR Gavai and Justice K Vinod Chandran, who dismissed the petition. Attorney General of India R. Venkataramani called the petitioner a ‘name lender’ and pointed out the huge lobby behind the petition. He highlighted how the E20 fuel policy benefits sugarcane farmers and helps save foreign exchange. E20 petrol policy sparked concerns about the expected 6% reduction in fuel efficiency. The Road Transport and Petroleum Ministries have dismissed the rumours. The Petroleum Ministry referred to a NITI Aayog study on Ethanol, citing that E20 promises better acceleration and ride quality. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. Previous Next

< Back After resisting for long, Ola adopts fixed daily fee for drivers 25 Mar 2025 The cab hailing market leaders are making serious changes as competition stiffens in the segment. Fintech startup Juspay’s ride-hailing app, Namma Yatri, launched three-wheeler rides in November 2022 and cab-hailing services in April 2024. It introduced a fixed daily fee (called take rate) for auto drivers instead of the commission per ride like Uber and Ola. In January 2024, Rapido launched cab services with the same concept. To retain its position, Ola embraced this subscription model for three-wheeler rides in December 2024, followed by Uber in February 2025. Ola switched its cab-hailing services to this fixed daily fee model this month and introduced bike taxis on the same model. Earlier, Ola charged 20% commission, which after tax came to 15%. After running a ₹100 daily fee pilot in October in Hyderabad, it now charges ₹149 for one day and ₹399 for three, a take rate of 10%. Rapido offers drivers ₹5,000 worth of rides for a ₹50 subscription, a take rate of 5%. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . 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