Search Results

< Back Why Unified Code for Pharma Marketing Practices is difficult to implement 19 Mar 2024 The government implemented on March 12th a new code, UCPMP, to curb unethical practices in the pharma industry. The Unified Code for Pharma Marketing Practices (UCPMP) prohibits pharmaceutical companies from bribing doctors with paid foreign trips and hospitality stays, personal gifts for them and family members, monetary gifts for doctors, agents or distributors, or any cash payments or grants for doctors and their family members. It mandates that individual companies disclose any sponsorships for conferences and medical courses. However, there is no portal setup to report this. Industry experts believe this Code will be less effective since it is non-statutory and not enforced by a regulatory authority. It is not a law, and players in the Indian pharmaceutical industry will easily beat around it to incentivise medical professionals. Pharma associations need to form an ethics committee and create a portal linked to the pharma department, which will house an independent panel to audit such expenses. A code breach can lead to suspension of the entity from the association. Previous Next

< Back IndiGo to launch business class seats this year 24 May 2024 The low-cost carrier announced this plan along with its record profit figure of ₹8,172.50 crore in FY2024. IndiGo announced on Thursday its plans to introduce business class on the busiest routes in India before the end of 2024. Thirty-five of IndiGo’s planes will be fitted with eight rows of business-class seats. The company will release further product details around its 18th anniversary in August. Its low-cost model and charging for all extra services and food on board catapulted the airline to the top position in the country with a 60% market share. The airline management wants to leverage this position to scale up in the international market. Currently, only Air India, Vistara, and Air India Express’ 737 MAX8 operate business-class seats in India. Previously, Jet Airways alone offered over 10,000 business class seats per week before its closure in April 2019. This number has plummeted to around 7,000 now. Last month, IndiGo surpassed American Southwest Airlines to become the world's third-largest airline by market capital. Previous Next

< Back PayPal, Cashfree to apply for RBI license for cross-border transactions Ishita Nigam 6 Nov 2023 These payment aggregators must inform RBI of their cross border transactions within 60 days of applying for the license to continue their services. In a related move, the Reserve Bank of India (RBI) announced that foreign payment aggregators like PayPal, Paymate, and Cashfree will need a license from the central bank. Such companies awaiting the permit will have to keep RBI informed of all Payment Aggregator-Cross Border (PA-CB) guidelines. These guidelines rule the cross-border payments in and out of India. Till now, an authorised dealer or a sponsor bank facilitated these cross-border payments on foreign platforms. But as per RBI’s latest guidelines, a PA-CB can face penalties if they fail to abide. UPI payment channels like Google Pay and PhonePe may face similar regulations in the future. UPI transactions are at an all-time high. The overall transaction volume crossed 11 billion worth ₹17.16 lakh crores in October compared to 10.56 billion in September. Peer-to-merchant transactions comprised 25% of the total value and 60% of the total volume. Previous Next

< Back Self-declaration for ads mandated only for food and health sectors 5 Jul 2024 The Ministry of Information and Broadcasting (MIB) eased the earlier rule and made it mandatory only for the food and health sectors. However, there is another Supreme Court hearing on July 9th on this matter. The Supreme Court of India passed an order on May 7th mandating all advertising bodies to issue a Self Declaration Certificate (SDC) for all ads on TV, radio, print, or the internet broadcasted after June 18th. The idea was to crack down on misleading advertising. Following an uproar and multiple meetings with various industry bodies, MIB issued a fresh directive on July 3rd. Now, the SDC must be issued only for food and health-related ads. Food and health products and services providers will need to manually upload an annual SDC on the Press Council of India website for print and internet ads and the Broadcast Seva website for TV and radio ads. Proof of uploading will need to be submitted to the concerned media stakeholders, like newspapers and TV channels, for record keeping. This fresh order relieves media houses from the responsibility of checking and validating the SDCs. Previous Next

< Back WhatsApp to charge global businesses ₹2.3 per OTP message 9 Apr 2024 Global companies like Amazon and Google now have to pay ₹2.3 per OTP sent to an Indian number, compared to ₹0.11 per message earlier. Earlier, WhatsApp charged a flat rate of ₹0.48 per business conversation. But last year, it divided its business messaging into four segments. First is utility messaging, earlier charged at ₹0.31 per message. It includes transactional messages like orders, shipping updates, and payment and appointment reminders. Second is authentication messaging for user verification, password reset codes and account login notifications. It was charged at ₹0.11 per message. Third is service and customer support enquiries like helpdesk updates and ticket resolutions, charged at ₹0.29. Fourth is marketing and promotional messages, costing ₹0.73 per message. Around 80% of WhatsApp transactions are authentication-related. Telecom companies charge domestic clients ₹0.12 and $0.05 (₹4.13) to international clients. This will now jump to ₹2.30 for global clients, classified as the authentication-international category. Telecom companies and the government lose approximately ₹3,000 crore yearly in revenues and forex reserves as international giants use WhatsApp for cheaper business messaging. Previous Next

< Back US Airlines saving time and costs with new strategies and tools 27 Nov 2023 While the time saved may look insignificant, it reduced costs and higher operational efficiency for an industry that is perpetually bleeding. Airlines in the US have started relying on various tech and strategies to help save time, which could translate to reduced costs and better operating efficiency. American Airlines deployed Machine Learning for flight gate allocation to save an average of two minutes of taxi time for every flight, a reduction of 20%, and hours of gate planning time. This translated as up to 11 hours saved daily, and numerous gate changes and conflicts cut down drastically. Airlines have also saved 1.4 million gallons of fuel annually and reduced CO2 emissions by 13,400 metric tonnes per year. Besides, United Airlines saved two minutes per flight by boarding economy class passengers first, followed by the middle and the aisle. Southwest Airlines uses better signage and music on the bridge for faster boarding. Frontier has started using staircases directly to and from its Airbus’ second door to expedite boarding. Previous Next

L’incendie s’est déclaré dans une sous-station électrique à Hayes, dans l’ouest de Londres, aux premières heures du vendredi 21 mars. < Back Londres Heathrow fermé après l’incendie d’une sous-station électrique voisine L’incendie s’est déclaré dans une sous-station électrique à Hayes, dans l’ouest de Londres, aux premières heures du vendredi 21 mars. 1 351 vols prévus à l’arrivée et au départ de Londres Heathrow (LHR) ont été annulés après que l’aéroport a été fermé à la suite d’un incendie dans la sous-station électrique de Hayes, située à moins de trois kilomètres de l’aéroport. L’incendie a coupé l’alimentation électrique de l’aéroport et de 16 300 foyers de l’ouest de Londres pendant la nuit. Environ 150 personnes ont été évacuées. L’Heathrow Express a mis en place un service de train toutes les demi-heures pour aider les passagers à quitter les terminaux de l’aéroport. L’aéroport devrait rester fermé jusqu’à 23h50 vendredi. On ne sait pas encore quand le courant sera définitivement rétabli. Bien que l’aéroport dispose de sources d’énergie alternatives, la commutation prend du temps. Même après le rétablissement de l’alimentation électrique, les systèmes doivent être redémarres et leur fonctionnement vérifié. La ligne d’assistance de l’aéroport est le 020 8757 2700. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

Un accord mondial sur l’IA et un investissement de 200 milliards d’euros ont été les points forts du Sommet. < Back Clôture du sommet « Action AI » de Paris Un accord mondial sur l’IA et un investissement de 200 milliards d’euros ont été les points forts du Sommet. Le Sommet Action AI à Paris s’est concentré sur les progrès de l’IA et sur le besoin urgent d’une gouvernance inclusive et éthique. 61 pays, dont la France, l’Inde, la Chine, et l’Allemagne, ont signé un accord visant à soutenir la promotion inclusive, sûre, transparente et éthique ainsi que des règlementations équilibrées pour l’IA. Les Etats-Unis et le Royaume Uni se sont abstenus de signer la déclaration finale appelant à une approche plus prudente de la gouvernance de l’IA. Lors du Sommet, la président de la Commission européenne Ursula von der Leyen, a lancé l’initiative Invest AI, dotée d’un budget de 200 milliards d’euros, pour promouvoir l’IA. À la fin du Sommet, le président français Emmanuel Macron a annoncé un engagement de 109 milliards d’euros pour promouvoir l’IA en France. Il a également annoncé que l’Inde, hôte conjoint du Sommet avec la France, accueillerait le Sommet sur l’IA l’année prochaine. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back Kevan Parekh named Apple’s new CFO 2 Sept 2024 From January 1st, 2025, Kevan will succeed Luca Maestri, the outgoing CFO, who will continue to head the corporate services, information systems and security, IT, and real estate and development. Under planned succession planning, Kevan Parekh will join Apple’s executive team as the CFO on January 1st, 2025. Parekh joined the tech major eleven years ago, providing financial support for Apple’s product marketing, engineering, and internet sales and marketing teams. He then led their global sales, retail, and marketing finance. He is currently Vice President of financial planning and analysis, G&A and benefits, market research, and investor relations. Before Apple, Parekh assumed senior leadership positions in General Motors and Thomson Reuters. The change comes just before the new iPhone's launch this fall. Expected to be the biggest software upgrade for the phone maker yet, Apple will roll out new AI features to compete with brands that have recently launched their AI upgrades, like Samsung’s Gemini. Under Maestri’s leadership, Apple made some critical investment decisions, which more than doubled its revenue and over five-folded its services earnings. Previous Next

< Back Porter turns unicorn after an internal funding round 17 May 2024 Around 20 people, family and friends, bought shares worth ₹25 crore from Porter’s Employee Stock Option Plan (ESOP) at a valuation of $1 billion. Porter became the third unicorn this year after Ola’s AI company, Krutrim, and fintech startup Perfios. Backed by PeakXV, Porter’s primary valuation was $514 million in 2021 after raising $101 million in a Series E round from investors, including Tiger Global, Lightrock India, and Vitruvian Partners. Porter offers on-demand last-mile delivery through light commercial vehicles. This secondary funding round was supposed to be at a discount of 25-30% from the primary valuation, as per the norm. However, its leadership pinned its valuation at $1 billion. Launched in 2014, Porter focuses on the two-wheeler intra-city courier service for revenue generation. Its revenue doubled in FY2023 from ₹848 crore to approximately ₹1,754 crore despite 43% higher losses worth ₹175 crore. Indian startups are facing slowed secondary funding. Up to one-fifth of the big venture capital deals from 2023 to April 2024 saw a steep reduction in valuations, the highest since 2015. Previous Next

Les autres aéroports d’Ilulissat et de Qaqortoq devraient être prêts d’ici 2026. < Back Le Groenland se dotera de deux aéroports de plus après Nuuk Les autres aéroports d’Ilulissat et de Qaqortoq devraient être prêts d’ici 2026. Le Groenland vient de reçu un nouvel aéroport au Nuuk, la capitale de ce pays, le 28 novembre 2024, construit pour 565 millions de dollars. L’Air Greenland a effectue le 28 novembre le premier vol direct entre Copenhague et Nuuk, a bord d’un Airbus A330neo. L’aéroport d’Ilulissat améliorera l’accès à son magnifique fjord de glace et à la région de Disko Bay. L’aéroport de Qaqortoq améliorera l’accès au sud du Groenland est disposera d’un système de tour numérique pour permettre le contrôler du trafic aérien à l’aide de solutions numérique avancées. L’achèvement des deux aéroports est prevu pour 2026. À Nuuk, la piste a été allongée de 1 500 mètres à 2 200 mètres pour accueillir des avions plus grands, comme l'Airbus A330neo opéré par Air Greenland. Le terminal peut traiter 800 passagers par heure et des vols directs en provenance des États-Unis, du Canada, du Royaume-Uni et de l'Europe. Ne manquez pas un autre post de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back Nokia wins Airtel extension deal to deploy 4G. 5G gear 26 Nov 2024 Nokia will deploy equipment to boost Airtel’s network and coverage with 5G capacity and upgrade its existing 4G network. Airtel had finalised Nokia, Ericsson, and Samsung to buy 4G and 5G gear worth $1.2 billion over the next three years but sealed the deal with Nokia. The Finnish telecom company will provide its 5G AirScale portfolio along with base stations, baseband units, and the Massive MIMO radios (latest generation) powered by ReefShark System-on-Chip. Its equipment will enhance Airtel’s existing network with 5G capacity and upgrade the 4G network with multiband radios and baseband equipment capable of supporting 5G, too. This partnership will enable the highest quality connectivity for Airtel subscribers, and the Green 5G Initiative will boost the network’s energy efficiency. Airtel will use Nokia’s MantaRay Network Management for intelligent network monitoring and management. This software uses AI-based tools for digital deployment, technical support, and optimisation. Vodafone Idea (Vi) recently closed a $3.6 billion deal with Samsung and two European vendors to upgrade its 4G and launch 5G. Previous Next