< Back SoftBank sells its entire Nvidia stake 12 Nov 2025 It sold 32.1 million shares worth $5.8 billion in October. SoftBank aims to fund its CEO, Masayoshi Son’s, AI investments in OpenAI and the Stargate data centre project worth $500 billion. Its entire stake sale in Nvidia pushed the market down by 2%. This is the second time SoftBank has exited Nvidia. Its Vision Fund, an early investor in Nvidia, bought a $4 billion stake in 2017 and sold it in January 2019. Scepticism is ripe around the AI bubble. Goldman Sachs, Morgan Stanley, and Michael Burry, the short-seller, have warned about the overvaluation of AI stocks. CoreWeave, a US-based cloud computing company, has recently revised its revenue forecast from $5.15-5.35 billion to $5.05-5.15 billion, thus missing the Wall Street forecast of $5.29 billion. SoftBank also sold its T-Mobile stock, worth $9.2 billion, to divert funds toward AI apps. SoftBank’s rising interest is boosting the valuation of OpenAI, which is also preparing for a possible trillion-dollar IPO. 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 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 Government planning an Employee Provident Fund Org revamp 16 Apr 2024 This plan aligns with the bigger vision of creating a universal social security offering improved service delivery. The Indian government is planning a revamp of the Employee Provident Fund Organisation (EPFO) to significantly improve service delivery. The short, medium, and long-term plans include restructuring its PAN India offices and processes, IT reforms to enable automatic settlement of claims, and cadre restructuring. The plan is to form a social security organisation offering universal coverage and contactless and online services. It is creating a PAN India centralised database to settle claims automatically subject to a validation process. EPFO has commissioned an in-depth study at IIT Delhi to develop reforms to enhance efficiency. The organisation experienced a staff reduction of 21.3% along with a 3.5 times jump in claim settlement in the past ten years. With an increase in the organised workforce, the EPFO subscriber base has expanded by 126% since 2018. The organisation added 6.1 million subscribers in 2018-19 and 13.8 million in 2022-23. Previous Next

< Back OYO to acquire US’ G6 Hospitality for $525 million 24 Sept 2024 Blackstone Real Estate owns G6 Hospitality, which has brands like Motel 6 and Studio 6 under its umbrella. Oravel Stays, the parent of the Indian hospitality giant OYO, launched in the US in 2019 and swiftly expanded to 320 hotels across 35 states. Last year, OYO added almost 100 hotels and planned to add 250 more this year. It has now agreed to acquire G6 Hospitality from Blackstone Real Estate for ₹4,383 crore or USD 525 million in an all-cash deal. Motel 6 is an over-60-year-old brand that operates around 1500 properties in the US and Canada. It generates $1.7 billion in room revenue annually, which creates a strong fee structure and cash flow for its parent, G6. OYO’s comprehensive technology offerings, global distribution network, and marketing expertise will help both Motel 6 and Studio 6 brands grow. The deal is expected to close in early 2025, subject to certain conditions. Motel 6 will continue to operate as a separate entity after the acquisition. Previous Next

< Back New data law mandates age verification for all companies Ishita Nigam 16 Oct 2023 Not only social media or edtech platforms but all companies will have to deploy age gating mechanisms for website visitors. The Digital Personal Data Protection Act, 2023 (DPDPA) mandates that all companies besides social media and edtech platforms deploy age gating or verification mechanisms for all customers to ensure minors don’t browse online without parental consent. The law specifies that personal data of kids and persons with disabilities should be processed only with parental or guardian consent. The age gating clause stipulates that companies must know who visits them online and secure their verifiable consent. This has triggered a series of doubts among businesses. Industry experts translate this as all companies must deploy age gating measures involving a three-step verification of the child’s age, the parental identity, and proving that the two are related. Another popular question is whom to approach for parental consent – the father or the mother, as government IDs usually have the father’s name as the listed parent. Previous Next

On craint que plus de 500 produits fabriqués par TreeHouse Foods aux États-Unis et au Canada soient contaminées par la listeria. < Back Gaufres surgelées rappelées aux États-Unis et au Canada On craint que plus de 500 produits fabriqués par TreeHouse Foods aux États-Unis et au Canada soient contaminées par la listeria. Les gaufres congelées sont rappelées par de nombreuses marques telles que Walmart's Great Value, Target's Good & Gather, Aldi's, Food Lion, Dollar General, Tops, Hannaford, H-E-B, Publix, PriceChopper, Shnucks, Harris Teeter et Southeastern Grocers aux États-Unis et au Canada. Parmi ces produits, citons les gaufres au babeurre Clover Valley 12,3 oz, les gaufres Best Choice 12,3 oz aux pépites de chocolat, les gaufres maison Good and Gather 12,3 oz, les gaufres Good and Gather 12,3 oz au babeurre, et Tops 12,3 oz aux bleuets. TreeHouse Foods a publié une alerte demandant aux consommateurs de vérifier s’ils possèdent les produits concernes dans leur congélateur et de les jeter ou de les renvoyer au magasin pour obtenir un crédit. La Food and Drug Administration (FDA) des États-Unis et l’Agence canadienne d’inspection des aliments (ACIA) sont impliquées dans ce rappel. Aucun cas d’infection par la listeria n’a encore été enregistré. Previous Next

< Back Bharat Taxi service to launch in Delhi on Jan 1st 23 Dec 2025 It will be India’s first cooperative taxi service, conceptualised and supported by the central government. To offer relief from peak-hour surcharges of ride-hailing apps, the Sahakar Taxi Cooperative Limited will launch Bharat Taxi in Delhi on January 1 st . It is a multi-state cooperative project headed by Amul’s Managing Director, Jayen Mehta, and registered under the Multi-State Co-operative Societies Act, 2002 (MSCS Act). It will offer car, auto-rickshaw, and bike rides at fixed rates, which means no surge pricing during peak hours, late nights, or holidays. Over 51,000 drivers have registered on the app. Its safety features include integration with Delhi Police and other agencies, verified driver onboarding, and the option for users to share ride details with their contacts during the journey. It will run on a zero-commission, driver-owned cooperative model that will improve drivers’ working conditions. The drivers will receive around 80% of the fare directly through monthly credits. This is being touted as higher than what other cab aggregators pay their drivers. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes mystery. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

< Back Safran opens world’s largest LEAP engine MRO facility in Hyd 27 Nov 2025 It is a €200 million investment, expected to create 1,100 jobs. Prime Minister Narendra Modi inaugurated French aerospace and defence major Safran’s CFM LEAP engine maintenance, repair and overhaul (MRO) facility in Hyderabad on Wednesday. Safran invested €200 million in setting up the 45,000 sqm facility at GMR Aerospace and Industrial Park – SEZ. It will be able to serve 300 CFM LEAP engines for civil aircraft and will have a next-gen test bench, creating 1,100 highly skilled jobs at full capacity. Safran’s MRO setup will also power the M88 military engine MRO used in Rafale jets. This facility, built for ₹400 crore, will have a capacity of 600 engine modules per year and employ 150 people. This is the first global OEM deep-level servicing MRO facility, and the largest in the world. 85% of MRO work has always been done outside India, making it expensive and time-consuming and leaving aircraft grounded for prolonged periods. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes mystery. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

< Back Indians can now cancel, modify air tickets within 48-hour 2 Mar 2026 The Directorate General of Civil Aviation (DGCA) revised norms after rising complaints about delayed refunds and disruptions in late 2025. The Indian passengers now have a 48-hour “Look‑in” window to cancel or modify air tickets without extra charges, making air travel more flexible and consumer-friendly. The DGCA’s revised norms require airlines to allow free changes or cancellations within this period, except for fare differences when shifting to another flight. Airlines must also permit name corrections within 24 hours at no additional cost. This benefit applies only if the booking is made directly on an airline’s website and the flight is at least 7 days away for domestic or 15 days for international travel. Refund responsibility lies with airlines even when tickets are booked through travel agents, and all refunds must be processed within 14 working days . The rules also address medical emergencies , allowing refunds or credit shells when passengers or immediate family members are hospitalised during the travel period. Check out my new book, THE BLACK FLAMES . A gripping, high-stakes mystery. Previous Next

< Back Crypto traders in tier 2,3 cities overtaking metros 20 Jan 2025 Kolkata and Botad (Gujarat) entered the list of top 10 cities for crypto traders in India. Over two-thirds of the Indian population is below 35 years (2022). Besides Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Pune, smaller cities like Jaipur, Thane, Lucknow, and new entrants Kolkata and Botad (Gujarat) have seen the number of cryptocurrency investors spike recently. While three-fourths of the investors fall below the age of 35, the generation from 36 years and above forms up to 28% of the investor base in India. Profit potential and blockchain technology combined with enhanced access to the internet and smartphones attract the younger generation to crypto trading. Also, cryptocurrencies allow users to transact without relying on a regulatory authority and are more secure. Indians invest mainly in Layer-1 tokens, Decentralised Finance or DeFi tokens, Meme and Gaming and Layer-2 tokens. As per a CryptoQuant survey, 60% of Crypto traders fall between 25-44, invest less than $10,000 annually, and Asia leads the global market with 40% of users. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back Tata Motors splits commercial and passenger vehicle businesses 5 Mar 2024 Its passenger vehicle business includes UK-based luxury car unit Jaguar Land Rover (JLR). Tata Motors decided to split commercial and passenger vehicle businesses into separate entities to enhance focus and efficiency and leverage the different opportunities offered by each vertical. The demerger may take between 12 to 15 months to complete. After the split, one company will house all passenger(PV) and electric vehicles (EV), JLR businesses, and all related investments. The commercial vehicles and associated investments will be pulled under another brand name. On January 30th, 2024, Tata Motors overtook Maruti Suzuki to become the country’s most valuable vehicle manufacturer after seven years. It is also the market leader in the commercial vehicles (CV) domain, where it manufactures trucks, vans, and buses. JLR currently accounts for 70% of Tata Motor’s overall revenue. It helped the company report its first annual profit in the Financial Year 2022-2023 after five years. This demerger reflects Tata’s confidence in its PV vertical to thrive in that domain. Previous Next

< Back 81 Cr Indian's data hacked in nation's largest data breach Ishita Nigam 1 Nov 2023 Aadhaar and passport number, name, age and even address of 4 lakh Indians has been hacked and uploaded on the dark web. In what is being termed as probably India's largest data breach ever, personal records of around 81 crore Indians have been hacked room the Indian Council of Medical Research (ICMR) servers. The breach was unearthed by American cyber security firm, Resecurity, on October 10th. The hacker named 'pwn0001' is auctioning up to 90 GB of data he extracted from the ICMR servers. Last year, AIIMS New Delhi had lost 4 crore records, i.e. 1.3 TB data in November 2022. Data was later retrieved in December. Hackers had demanded ₹200 crore from the hospital authorities in ransom. Experts believe this latest ransomware attack could demand above ₹1,000 crores. This breach can lead to identity theft for lakhs of Indians and culminate in other costs. The government could already be in negotiations with the hackers. Previous Next