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< Back Recipient-initiated transactions to stop from Oct 1 13 Aug 2025 The National Payments Corporation of India (NPCI) will shut down pull transactions to curb fraud. UPI payments work two ways. The ‘push’ system allows users to scan a QR code or input the recipient’s ID and make the payment. Via the ‘pull’ transactions, or ‘collect’ requests, the recipient generates the QR code with the payment amount fed in, and the user inputs their PIN to approve the payment. In 2019, the NPCI had capped the recipient-initiated ‘pull’ transactions at ₹2,000. At most, 50 such transactions are allowed in a day. These will be stopped altogether from October 1 st . India recorded 7 billion Person-to-Person (P2P) transactions in July, with 19.4 billion transactions recorded by NPCI overall. A year ago, the figure stood at 14 billion transactions overall, of which 5 billion were P2P. Several fraudsters pose as merchants to extract money from customers. RBI data reports 29,000 frauds occurred in FY2025 worth ₹1,457 crore. In FY2024, only 12,516 fraud cases worth ₹520 crore were reported. Never miss another post from SalestorsNews150. Follow Salestors on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back More D2C brands launch quick delivery in metros 11 Oct 2024 Nykaa launched the 10-minute delivery pilot program in Borivali, Mumbai, and Licious rolled it out in Gurugram. Joining the instant gratification bandwagon, Nykaa launched 10-minute deliveries in Mumbai. While it strives to expand to more pin codes within the city, it may do so under a separate brand name. Beauty products like kajal pens, foundation creams, and daily skincare are among the top-selling and fastest-growing segments on q-commerce apps. Bengaluru-based online meat shop Licious started with one-to-two-hour deliveries and reduced them to 15-30-minute supplies in Gurugram. It often delivers ahead of time and is looking to reduce it further depending on order density. Flipkart launched Minutes service in NCR, Bengaluru, and Mumbai, and Amazon is set to introduce a similar offering. Swiggy started a 10-minute food delivery service called Bolt last week, motivating Zomato to bring back its 10-minute service from quick-service restaurants and cafes. As the industry battles optimising inventory placement, it is expected to grow to $22 billion by 2027 from $2.8 billion in 2023. Previous Next

< Back Google Pay to expand UPI services for int’l travellers 18 Jan 2024 Google has signed an MoU with the National Payments Corporation of India (NPCI) to expand UPI payment services for Indians travelling abroad. Google India Digital Services signed an MoU with NPCI so Google Pay can offer UPI services to Indians travelling abroad. The agreement also allows Google to develop a UPI-like system in other countries to facilitate seamless transactions. The partnership will allow foreign remittances to other countries easier through UPI. It will promote UPI services worldwide and enable global brands to access Indian buyers who are currently restricted to credit and forex cards and foreign currency. It will also allow foreign nationals travelling to India to pay easily through Google Pay’s UPI. In Jan 2023, NPCI extended UPI services to mobile numbers from ten countries, including the UK, USA, Canada, Singapore, UAE, Qatar, Australia, Hong Kong, Oman, and Saudi Arabia. Non-resident accounts like NRO and NRE linked to international mobile numbers from these countries can transact with UPI. PhonePe also started supporting UPI transactions in Singapore, UAE, Nepal, Bhutan, and Mauritius. Previous Next

< Back Grasim to launch its paint brand, Birla Opus Ishita Nigam 14 Sept 2023 Aditya Birla's fabric brand is aiming at the number two market position for the paint business. It believes this new vertical and its latest B2B eCommerce venture, Birla Pivot, will be high growth drivers. Fabric maker Grasim Industries, Aditya Birla Group’s flagship brand, is planning to enter the paints business. It will launch its own paint brand, Birla Opus, early next year in the fourth quarter of the current financial year. The market is dominated by Asian Paints and Berger and houses brands like JSW, Kansai Nerolac, Akzo Nobel, and Pidlite. The market is expected to grow from ₹70,000 crores to ₹100,000 crores in the next five years. Grasim plans to invest ₹10,000 crores in setting up this business. It ran a successful pilot painting services programme in key metros and launched an imported wooden finishes range. The paint industry enjoys double-digit growth amid growing aspirations and the government’s ‘Housing for all’ plan. Grasim plans to have manufacturing plants set up in Punjab, Haryana, Maharashtra, Karnataka, Tamil Nadu, and West Bengal, with a total capacity of 1,332 million litres per annum. Previous Next

< Back IT Ministry’s Digital Brand Identity Manual to strengthen govt websites 19 Feb 2025 The Manual (DBIM) will help prepare a standard design language for government websites. The Ministry of Electronics and Information Technology (MeitY)’s DBIM framework, launched on Tuesday, will facilitate the government’s digital footprint across different ministries and agencies. The commerce ministry’s website is set for launch. Digital India Corporation, which operates under MeitY, is developing Digital India Bhashini as part of the National Language Translation Mission to offer translation services in 22 Indian languages. Meanwhile, the Information and Broadcasting Ministry is creating an AI hub to facilitate the smooth flow of information on government projects and enable multilingual content translation in many Indian languages. Several IITs, along with IIM Indore and the Department of Science and Technology, are developing BharatGen, the first government-funded multimodal large language model (LLM) in the world. AI4Bharat is working on Chitralekha, an open-source video transcreation platform. As per the Stanford AI Index 2024, India leads the AI skill penetration worldwide and owns 16% of the global AI talent. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Adar Poonawalla acquires 50% stake in Dharma Productions 25 Oct 2024 Karan Johar will retain a 50% stake and his position as the Executive Chairman. Adar Poonawalla’s entertainment business, Serene Productions, signed a binding agreement to become a co-owner of Dharma Productions and Dharmatic Entertainment for ₹1,000 crore. Adar Poonawalla, CEO, Serum Institute of India, beat JioCinema and Saregama to become a Dharma co-owner. The other two deals did not go through due to differences over Dharma’s valuation. Serene Productions valued Dharma at ₹2,000 crores. This move is expected to encourage more corporate investments and transparency in the film industry. Karan Johar will continue as the Executive Chairman and Apoorva Mehta as the CEO. The deal will provide a much-needed capital influx and reputed investors for Dharma, which hasn’t delivered a blockbuster hit in some time. It launched Dharmatic Entertainment, the digital content production vertical, in 2018, to produce series and movies. This is Poonawalla’s second significant investment outside pharma since 2021, when he bought a 20% stake in Wakau Interactive, the social media platform. Previous Next

< Back Amazon opens up its fulfillment infrastructure for non-partner sellers Ishita Nigam 1 Sept 2023 The eCommerce giant announced the launch of Multi-Channel Fulfillment, allowing small businesses and D2C brands to use Amazon’s logistics and supply chain services. Amazon announced on Thursday the launch of its Multi Channel Fulfillment, allowing non-partner small businesses and D2C brands to use its logistics and supply chain services. This will enable these non-partner sellers to use Amazon’s warehouses and storage facilities for storing, picking, packing, and shipping their products through multiple sales channels, including their own website. Amazon recently signed an MoU with India Post to facilitate cross-border logistics so its sellers in India can smoothly send their products abroad. It is also partnering with Indian Railways’ Dedicated Freight Corridor Corporation of India to offer seamless domestic logistics solutions to its sellers in the country. The eCommerce giant pledged to log $8 billion of exports from India in 2023. On the tech front, Amazon will soon roll out a generative AI tool and virtual assistant, Amazon Sahai, to help sellers on its platform clarify queries, list products, and analyse trends. Previous Next

< Back OpenAI raises $40bn in funding, announces an open gen AI 1 Apr 2025 It is the biggest funding raised by a startup ever. On Monday, OpenAI made two announcements. First, it raised $40 billion in the latest funding round from SoftBank Group, valuing it at $300 billion —nearly double its $157 billion valuation in October 2024. SoftBank will initially infuse $10 billion, followed by an additional $30 billion by year-end, contingent upon specific conditions. One critical requirement is for OpenAI to transition to a for-profit model. If not met, OpenAI will forfeit up to 25% of the agreed-upon funding amount. This investment will support OpenAI’s $500 billion Stargate initiative, a significant AI project being developed in partnership with Oracle, SoftBank, and Abu Dhabi’s MGX. Second, it is building its first more open generative AI to compete with Meta’s Llama and DeepSeek, a significant shift from OpenAI’s usual, more secured, closed AI models. OpenAI’s latest image generator tool added one million users within the first hour after launch, thus heating its graphic processing units. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Amazon sues Perplexity over agentic shopping feature 10 Nov 2025 Perplexity’s shopping AI assistant uses automation to place orders on behalf of others. Amazon sued Perplexity AI in the US District Court, Northern District of California, for misconduct. It alleges that Perplexity’s AI agent and Comet browser illegally accessed Amazon’s confidential customer data to enable shopping assist and complete purchases in Amazon store. It also claims that Perplexity disguised automated activity as human browsing. Amazon issued several requests to stop, which, it says, were ignored. Perplexity accused Amazon of bullying by sending a legal threat asking it to block Comet AI from accessing the shopping portal. It calls this Amazon’s bid to protect its dominance. Comet browser’s AI assist helps users make product comparisons and complete purchases. The Amazon app has Rufus, an AI assistant, that recommends items and manages carts. The company is developing tools like ‘Buy for me’, which allows users to shop across brands within the app. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes novel. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

Hi! I am Ishita. After a decade in Sales, I created Salestors to share articles & anecdotes on the life of Sales Creators, aka Salestors. Hi, I’m Ishitta! I spent 10 years in Sales across aviation, Market Research & Business Advisory and Digital Vouchers industries. I created Sales torrs to share insights of the profession in the era of Sales-From-Home and some quirky anecdotes. Salestorrs made it to Deb Calvert's Monday Morning Sales Rally six months after launch. Some of my articles have been published on KoolKanya.com , Himalayan Writing Retreat and Unscreen as well. Salestors on Other Writing Platforms I'd Love to Hear From You. Here's How You Can Reach Me Get In Touch

< Back Godrej Properties targeting ₹30,000cr sales in FY2025 17 Feb 2025 Between Apr-Dec 2024, it added 12 land parcels covering 169 lakh square feet and worth ₹23,450 crore across Delhi-NCR, Mumbai, Hyderabad, Bengaluru, and Pune. In 2024, Godrej Properties sold properties worth ₹28,800 crore and emerged as the biggest listed real estate company in 2024 vis-à-vis sales bookings. It had sold properties worth ₹22,527 crore in 2023-24. It now intends to hit the ₹30,000 crore sales mark in FY2025, breaking through the company’s target of ₹27,000 crore sales bookings this fiscal. In November 2024, it acquired a 53-acre land in Joka, Kolkata. It has a potential 1.3 million square feet of saleable area and a projected revenue potential of ₹500 crore. The Indian real estate sector raised ₹22,230 crore from Qualified Institutional Placement (QIP) last year, accounting for 16% of the total QIPs issued in the year, the highest for any sector. Godrej was the top fundraiser, raising ₹6,000 crore in the December quarter, followed by Prestige (₹5,000 crore). QIPs allow listed companies to quickly raise funds from institutional investors instead of an IPO. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Jio becomes the world’s leading mobile operator by data traffic 24 Apr 2024 Total data traffic on Jio’s network reached 40.9 exabytes against China Mobile’s 38 exabytes between January and March 2024. Reliance Jio now boasts the world’s largest 5G subscriber base, a staggering 108 million, which accounts for up to 28% of its total wireless data traffic. Last financial year, Jio's subscriber base grew from 449 to 482 million, with each user consuming an average of 28.7 GB per month. The demand for AirFiber was also robust, spanning across 5,900 towns. However, its average revenue per user (ARPU) remained stagnant for three quarters and ended the year at ₹182 due to affordable JioBharat plans and promotional unlimited 5G plans. Jio offers 30% of its network coverage for free to 5G subscribers. In comparison, Bharti Airtel’s user base grew from 339 to 350 million, and ARPU reached ₹211 from ₹200, but a lower data usage of 22.5 GB. All telecom players are expected to gradually increase tariffs in FY2025 and FY2026 to monetise and earn ROI on 5G services. Previous Next