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< 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

< Back China’s Single’s Day shopping festival losing its appeal 12 Nov 2024 Alibaba started the popular shopping event on November 11th, 2009. Chinese annual shopping event called Single’s Day or Double 11 was started by the c-commerce giant Alibaba and adopted by other websites like Pinduoduo and JD.com. It began as a one-day event but soon became a festival, as Chinese shopping platforms began the promotions weeks ahead to lure in shoppers. The pandemic, coupled with China’s sluggish domestic economy, a real estate crisis, and deflationary pressures, discouraged consumers from spending lavishly like before. This slowing trend pushed the e-commerce portals to offer promotions to markets abroad with global free shipping, thus helping local merchants to sell worldwide. Customers believe discounts aren’t as significant, and prices are inflated before merchants offer discounts. Moreover, the government’s latest financial stimuli have failed to boost consumer confidence. The gross merchandising volume sales across major e-commerce portals grew by only 2% compared with double-digited growth pre-pandemic, Syntun, the data provider, reported. Previous Next

< Back Despite tensions, Canada’s investments in India going strong 17 Oct 2024 Canadian funds Caisse de Deport et Placement du Québec (CDPQ) and British Columbia Investment Management sustained their holdings in India in the past year. Despite the geopolitical row between the two nations, Canada invested $4 billion in India between April 2000 and June 2024. Canada’s exports to India increased by 1.6% between October 2023 and August 2024. In the past five years, around one-fourth of Canada’s pension fund investments directed to Asia were invested in India, a considerable increase from 10% investments done between 2003-18. Canada focused on India while trying to divert its focus from China. As an emerging global superpower, India holds access to several economic clubs that interest Canada. Some Canadian funds, like the Canada Pension Plan Investment Board (CPPIB), have divested for various reasons besides geopolitics. Of the ₹45,000 crore listed equities held by CPPIB, it sold ₹8,500 crore in FY25. In June 2024, it held over a 1% stake in five listed companies in India, including Kotak Mahindra Bank, Delhivery, Nykaa, Indus Tower, Reliance Industries, Infosys, TCS, and Zomato. Previous Next

< Back FMCG giants to curb sales to organised wholesalers to support kirana stores 20 Feb 2024 80% of the FMCG sales are controlled by kirana stores in India. Amul, Dabur, Britannia, and Parle plan to reduce sales to organised wholesalers to avoid price wars with traditional distributors. FMCG giants in India plan to reduce their sales to organised wholesalers like Reliance Cash and Carry, Udaan, and Flipkart Wholesale. Conventional kirana stores in India control 80% of the wholesale distribution. Organised retail and wholesale companies own 5% of the market share but have the advantage of scale and can offer more leverage over supplies and prices. Earlier, the FMCG companies hoped to reach the kirana stores through organised wholesalers, but it didn’t happen. Troubled by the threat of deep discounts from established wholesalers, the kirana stores had earlier threatened to stop product supply from these companies. Supplying to traditional distributors costs FMCG companies 13-14% of the sales and nearly half in the case of organised wholesalers. Consumer goods corporations rely on a wholesale network to reach the 12 million kirana stores nationwide. They still plan to leverage organised distributors but limit their participation below 10%. Previous Next

Le nouveau gouvernement de gauche élu la semaine dernière a amélioré le sentiment des investisseurs. < Back L’indice boursier de la Corée du Sud au plus haut depuis 3,5 ans Le nouveau gouvernement de gauche élu la semaine dernière a amélioré le sentiment des investisseurs. Le nouveau président sud-coréen Lee Jae-myung a promis aux petits investisseurs que leur indice de référence, le KOSPI (Korea Composite Stock Price Index), atteindrait 5 000 points au cours de son mandat. L’indice a augmenté de plus de 7 % pour dépasser les 2 900 points depuis son élection le 3 juin. L‘ancien président Yoon Suk Yeol a déclaré la loi martiale en décembre 2024, qui a entrainé sa mise en accusation et son éviction lors des élections du 3 juin. Lee prévoit de résoudre le problème de la « Korea discount » - ou les entreprises cotées en bourse souffrent de valorisations historiquement basses. La loi sud-coréenne ne protège pas les actionnaires lorsque les entreprises fusionnent ou diversifient les secteurs d’activité contrôles par les familles fondatrices par le biais de participations minoritaires. Lee a proposé des mesures de protection des actionnaires, notamment l’introduction d’une obligation fiduciaire à leur égard. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back Govt planning wider coverage under social security schemes 15 Oct 2024 The revised Jan Suraksha model may provide higher insurance and pension coverage, doubling life and accident cover limits. The Centre is planning to upgrade the Jan Suraksha model to offer wider coverage for life and accident insurance and pension by linking all Jan Dhan account holders. It is also considering increasing the minimum guaranteed pension under the Atal Pension Yojana (APY), which is currently ₹1,000 to ₹5,000 per person. Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the insurance cover is ₹2 lakh. Currently, insurers and banks have to settle claims within 14 days of receipt, giving one week each to the bank and the insurer. Centre plans to hike premium rates and push prompt claim payment. Banks are advised to proactively inform deceased account holder nominees by identifying the corresponding customers from core banking solutions. Centre had revised annual premium rates to ₹436 for PMJJBY’s life insurance scheme and ₹20 for PMSBY’s accidental death and disability scheme in 2022. Source: ET Previous Next

La Gigafactory de Berlin a commencé à être confrontée à des arrêts maladie allant jusqu’à 17 % en août, alors que la moyenne du secteur est de 5 %. < Back Tesla rend visite à ses employés allemands pour vérifier s’ils sont vraiment malades La Gigafactory de Berlin a commencé à être confrontée à des arrêts maladie allant jusqu’à 17 % en août, alors que la moyenne du secteur est de 5 %. Tesla a commencé à rendre visite aux 30 employés allemands qui ont pris un congé de maladie. Cette mesure a été pris après que Tesla a décidé à faire face l’absentéisme et parce que la société souhaitait établir un lien avec l’éthique du travail de son personnel. La direction de Tesla estime que la plupart des congés de maladie sont pris le vendredi et pendant les heures de travail tardives. Certains membres du personnel n’ont pas apprécié les visites. Ils claquaient les portes et menaçaient d’appeler la police. IG Metall, le syndicat allemand de l’automobile, a déclaré que le taux d’absentéisme élevé s’expliquait par le fait que le personnel était surcharge de travail et travaillait dans un environnement dangereux. L’usine de Berlin emploie 12 000 personnes. Tesla a commencé à donner des primes de 1 000 euros aux employés qui travaillent plus de 95 % du temps. Previous Next

Le gouvernement indien a approuvé la mission visant à développer la technologie permettant d’atterrir sur la lune, de collecter et d’analyser des échantillons et de revenir sur terre. < Back Chandrayaan 4 – Mission Indienne vers la lune en 2027 Le gouvernement indien a approuvé la mission visant à développer la technologie permettant d’atterrir sur la lune, de collecter et d’analyser des échantillons et de revenir sur terre. Le gouvernement indien dirigé par Narendra Modi a approuvé mercredi la mission Chandrayaan-4, qui vise à mettre en place les capacités technologiques de base pour faire atterrir un Indien sur la lune d’ici à 2040. L’Inde a pour objectif d’amener le sol lunaire d’ici 2027. Le point culminant de la mission est le retour de la sonde sur terre, ce qui n’a pas été réalisé avec Chandrayaan-3. L’Organisation indienne de recherche spatiale (ISRO) assurera la gestion et le suivi de la mission. La mission coûtera ₹2 104.06 crore (253 millions de dollars) et devrait être achevée dans les 36 mois suivant l’approbation du gouvernement. Le coût couvrira le développement et la réalisation de l’engin spatial, deux missions du lanceur LVM3, l’appui au réseau externe de l’espace lointain et d’essais spéciaux pour la validation e la conception. L’Inde prévoit de développer toutes les technologies en interne. Previous Next

< Back Mukesh Ambani buys 26% stake in Adani’s Mahan Energen 15 Jul 2024 The deal, announced in March, has now been completed. Reliance Industries has bought five crore shares of Adani Power subsidiary Mahan Energen for ₹50 crores. Adani Power’s subsidiary Mahan Energen, established in 2005, runs a thermal power plant in Singrauli, Madhya Pradesh. Earlier, Essar Power owned this plant. Adani Power bought it for ₹4,250 crore in March 2022. The Singrauli plant capacity will be raised from the existing 1200 MW to 2800 MW in the short term and to 4400 MW over the next decade. Adani is planning to invest ₹30,000 crore for this expansion. Reliance Industries has signed a twenty-year power purchase agreement, picking up a 26% stake in this plant’s 500 MW unit for captive use. Captive use means that Reliance will consume the electricity instead of selling it to the power grid or consumers. Adani aims to become the largest renewable energy producer in the world by 2030. Meanwhile, Reliance is readying four gigafactories at Jamnagar, Gujarat, one each for solar, green hydrogen, fuel cells, and batteries. Previous Next

Cela s’est produit après le démantèlement de l’USAID par le Département américain de l’efficacité gouvernementale (DOGE). < Back Les employés de l’USAID bloqués en Afrique Cela s’est produit après le démantèlement de l’USAID par le Département américain de l’efficacité gouvernementale (DOGE). Le DOGE a démantelé l’Agence américaine pour le développement international (USAID) afin de réduire les dépenses fédérales et la taille du gouvernement. L’administration a mis fin à des programmes d’aide à l’étranger et a mis en congé les dirigeants à Washington, provoquant ainsi un manque d’orientation pour le personnel à l’échelle mondiale. Le département d'État ordonné aux employés non urgents de l’USAID à Kinshasa, en République démocratique du Congo (RDC), de rentrer aux Etats-Unis en janvier et de se mettre en congé administratif. La violence s’intensifiait à cette époque en RDC et à Kinshasa. Les membres du service extérieur de l’agence ont déposé une plainte contre Trump, le département d'État et le Trésor pour démantèlement inconstitutionnel et illégal de l’USAID. Elle a été initiée par la Fédération américaine des employés du gouvernement (AFGE) et l’Association américaine du service extérieur (AFSA). Le président John F. Kennedy a établi l’USAID en 1961. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back Cropin launches micro-language model, Aksara, for climate-smart agriculture 17 Apr 2024 Micro model is cheaper and better energy efficient than large language models. Bengaluru-based Agriculture intelligence company Cropin launched an open-source microlanguage model, Aksara, to facilitate smart agriculture practices. The model will address farmer problems in the Global South regions, which includes Africa, Latin America, the Caribbean, Asia excluding South Korea and Japan, and Oceania, excluding Australia and New Zealand. It is based on Mistral’s seven billion parameters foundation generative text model. It offers best practices and ideas for proper seeding, nursery preparation, and water conservation. It covers nine crops, including millets, maize, paddy, wheat, cotton, soybean, barley, sorghum, and sugarcane, cultivated in India, Bangladesh, Sri Lanka, Nepal, and Pakistan. The model will accommodate more languages besides English, more regions, and crops in the next six months. Founded in 2010, Cropin sells agriculture-intelligent solutions in over 103 countries. The model promotes sustainable agricultural practices and energy efficiency. It can enable underserved farmers to create cost-effective, scalable AI-based smart agriculture solutions. Previous Next

< Back Boeing delivery snag delays Akasa and Air India’s expansion plans 7 Nov 2025 Akasa had planned to cross the 40 mark this year, but remains stuck at 30. Delays in seat certification by the US FAA are impacting the expansion plans of Akasa and Air India. Akasa uses Safran seats while Air India deploys Adient. FAA became cautious after the Boeing MAX crashes this year and the following scrutiny. Akasa overhired in the past two years, and now has 750 pilots, over half of whom are unable to fly due to the absence of aircraft. Its CEO mentioned all their pilots will begin flying in the next two months, Reuters reported. IndiGo sidestepped these delays by using Recaro seats and Airbus aircraft. Indian aviation regulations do not mandate the Head Injury Criterion (HIC), unlike the FAA and EASA (Europe). Akasa still hopes to have 40 aircraft in its fleet by March 2026 and around 54 by March 2027. It plans to go public through an IPO in the next 2-5 years and restart hiring pilots in 2026. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes novel. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next