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< Back EPFO may allow PF withdrawal via an ATM card from Jan’25 13 Dec 2024 The Employee Provident Fund Organisation (EPFO) is upgrading its IT infrastructure to be at par with banking systems. By January 2025, EPFO plans to upgrade its IT infrastructure to improve service delivery, simplify claim settlements, and streamline PF withdrawals. The new system 2.1 will offer a PF withdrawal card that can be used in ATMs to pull out up to 50% of the PF balance. Under the new system, a beneficiary, claimant, or insured person will be able to withdraw PF money from the ATM. Beneficiaries will be able to use it in case of the member’s death. This may be possible once beneficiaries connect their bank accounts with the deceased member’s PF account. However, the overall PF rules remain unchanged. Employees cannot withdraw PF while employed. 75% of their PF becomes available if someone is unemployed for a month. 100% is available for withdrawal after two months of unemployment. Members can withdraw a part of PF in case of a medical emergency, marriage, house purchase or renovation. Previous Next

< Back New entrants disrupt India’s ₹14,000 crore sleep market 16 May 2024 68% of Indians get a 6-8 hours sleep. Several startups like The Sleep Company, Duroflex, Wakefit, and Sheela Foam are building sleep tech-enabled mattresses and apps to offer assistance for quality rest. With growing awareness about quality sleep, Indians are turning to specialized mattresses, supplements, and apps for sleep assistance. The Sleep Company’s mattress powered by the SmartGRID technology is developed by the Indian, Defence Research & Development Organisation (DRDO). Other mattress makers like Wakefit, Sheela Foam (SleepWell), and Duroflex experienced revenue jump between 18-23% in the last two years selling mattress that cost ₹20,000-70,000. Sleep assistance apps like Headspace, and Calm are experiencing heavy downloads. Neend, an Indian app launched in 2021, offers bed time stories and easy-to-follow instructions for quality sleep and access to sleep experts. A Bengaluru-based startup, Ultrahuman, introduced Ultrahuman Ring Air, a ₹29,000 sleep-tracking wearable ring. However, the unorganized sector is dominating the sleep industry as most Indians still prefer traditional firm mattresses over advanced sleeping equipment. Still, Mordor Intelligence predicts Asian-Pacific sleep industry to grow at 8% annually by 2028 driven mostly by customized mattresses options. Previous Next

< Back Goa-based Fly91 to start operations from March 18th 12 Mar 2024 It will begin flights to Hyderabad and Bengaluru from Goa and from Hyderabad and Bengaluru to Sindhudurg. The Directorate General of Civil Aviation (DGCA) granted the air operator permit to the new regional carrier FLY91 on March 6th. It will commence operations from Goa on March 18th. It can fly on 20 routes in the first year. It will expand to Agatti Airport in Lakshadweep in April and soon connect Pune, Jalgaon, and Sindhudurg from Goa. Next on the list are Noida and Navi Mumbai airports . It has two ATR 72-600 planes and plans to add four more in six months. It leased the planes that Gurugram-based regional airline Fly Big had defaulted on last year. ATRs face night landing issues and try landing before nightfall. This impacts their network and route coverage. FLY91 Founder Manoj Chacko also co-founded Kingfisher Airlines. He managed to secure ₹200 crore from around 40 investors, including Ramesh Damani of Damani Finance and Rajeev Chitrabhanu, Founder of the advisory investment firm Magnetic. Previous Next

< Back India-UK deal most important for Britain after Brexit: PM Starmer 28 Jul 2025 The negotiations began in January 2022 and culminated on May 6th, 2025. India and the UK signed the Comprehensive Economic and Trade Agreement (CETA) on July 24, following over three years of negotiations. It aims to double the bilateral trade of goods and services by 2030 from the current $56 billion. 99% of the Indian exports, including auto parts, engineering goods, textiles and leather, footwear, organic chemicals, and toys, will gain duty-free access. India has halved the tariff on scotch whisky to 75% with immediate effect and will reduce it to 40% over the next decade. PM Modi says the deal will benefit Indian farmers, MSMEs, footwear and jewellery exports, and seafood and engineering goods sectors. The UK’s aerospace parts and medical devices will face lower tariffs and be available at a cheaper price in India. The UK is the first country to sign a trade deal with the US in May; India is currently in the process of signing one. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

Mars paiera 36 milliards de dollars dans le cadre d’un accord entièrement en espèces. Il a fixe le prix des actions de Kellanova a 83,50 dollars. < Back Le marque de bonbon Mars acheter Kellanova, le fabricant de Pringles Mars paiera 36 milliards de dollars dans le cadre d’un accord entièrement en espèces. Il a fixe le prix des actions de Kellanova a 83,50 dollars. L'opération apportera les marques de Mars telles Twix, Milky Way, Bounty et celles de Kellanova telles Pringles, Cheez-it, Rice Crispies, Pop Tarts, et Eggo Frozen Waffles sous une marque. Cela s’est passe parce que le lentement des ventes des entreprises américaines de produits alimentaire emballés. Les consommateurs sont devenus plus cautionnes sur le plan budgétaire et choisissent des produits moins chers. Mars achètera Kellanova au prix une prime de 33 % a comparaison de son prix de clôture du 2 aout. Kellanova fera partie de Mars Snacking après l’opération finalisée au cours du premier semestre de 2025. Kellanova ‘est séparée de WK Kellogg en octobre dernier, après quoi cette dernière s’est retrouvée avec les affaires céréalières nord-américaines de Kellogg. L’acquisition devrait se dérouler facilement à grâce à la similitude des produits de chaque compagnie. Kellanova est évaluée a 28,58 milliards de dollars sur la base de ses fonds propres. Previous Next

Le procès vise aux les plus grands fournisseurs de télécommunications britanniques, notamment O2, EE, Vodafone et Three. < Back Un procès de 3,2 milliards de livres sterling entraîn une hausse des factures de téléphone mobile au Royaume-Uni Le procès vise aux les plus grands fournisseurs de télécommunications britanniques, notamment O2, EE, Vodafone et Three. En décembre 2023, Justin Gutmann, défenseur des consommateurs et ancien cadre de Citizens’ Advice, a accusé les principaux opérateurs de télécommunications britanniques de surfacturer de leurs clients, même après l’expiration de leur contrat. Il a déclaré que les contrats signés prévoient le remboursement pendant la durée minimale du contrat, qui est généralement de 24 mois. Ce remboursement comprend le cout de l’appareil et des services. Il a accusé les operateurs de ne pas réduire le montant après la fin de durée minimale du contrat, bien que les clients aient paye deux fois pour des téléphones mobiles. C’est ce qu’il a appelé la pénalité de fidélité. Alors que l’affaire traine en longueur, à partir du 1er avril, O2 et Vodafone augmenteront leurs tarifs mensuels de 1 à 2 livres sterling, tandis que Three et EE élèveront de 3,9 % par rapport a l’indice des prix à la consommation. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

Ses cofondateurs ont précédemment vendu une startup de sécurité à Microsoft, qui a fini par devenir le point fort de ses offres de sécurité dans le cloud. < Back Google achète Wiz pour un record battu 32 milliards de dollars Ses cofondateurs ont précédemment vendu une startup de sécurité à Microsoft, qui a fini par devenir le point fort de ses offres de sécurité dans le cloud. Afin de renforcer ses offres de sécurité dans le nuage, de proposer des services multicloud et de concurrencer Microsoft Google a racheté la société Wiz Inc., basée à New York, pour 32 milliards de dollars, ce qui constitue la plus importante transaction entièrement en numéraire. Wiz, fondée en 2020, a rejeté l’offre de 23 milliards de dollars Google en juillet 2024 en raison de son projet d’introduction en bourse, ce qui n’a jamais eu lieu. La société a été évaluée à 16 milliards de dollars l’année dernière lors d’une vente secondaire. La startup a enregistré 350 millions de dollars de revenus récurrents en février 2024, soit 100 millions de dollars de plus qu’en octobre 2021. Elle prévoit de déclare 1 milliard de dollars de revenus récurrents cette année et a déjà atteint 700 millions de dollars. Wiz sera une plateforme indépendante et fonctionnera avec tous les fournisseurs de cloud. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . 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

< Back FSSAI conducting surprise audits on leading Q-commerce dark stores 3 Jul 2024 Food Safety and Standards Authority of India (FSSAI) officials have been conducting surprise audits on all dark stores and some direct-to-consumer food brands for the past few weeks. Prompted by the recent lapses in food hygiene, FSSAI started surprise audits for leading quick commerce (Q-Commerce) brands across India. Thus, brands are forced to exert more hygiene measures and extra caution in adopting new, smaller brands on their platforms. The recent series of contamination with food products delivered by Q-Commerce apps caught the attention of food safety regulators nationwide. The Telangana Commissioner of Food Safety found severe violations related to hygiene and storage conditions at Blinkit warehouses near Hyderabad and its Faridabad dark store, where allegedly medicines were being illegally sold. This triggered checks with other brand warehouses everywhere. The delivery platforms argue that many issues happen at the manufacturing level that affect product quality. Manufacturers highlight that product handling significantly impacts the condition at the time of delivery, ultimately ruining the manufacturer’s brand image. Q-Commerce brands are stepping up recall and delisting policies for repeated offenders. Previous Next

< Back Indian space tech startup to test Satellite Launch Vehicle with 3D printed engine 30 Nov 2023 Last month, Agnikul raised $26.7 million from Rocketship.vc and Celesta Capital. Its customers will be anyone building a small satellite and targeting a low Earth orbit. Chennai-based space tech startup Agnikul plans to test its first flight with the world’s first 3D printed engine before this year ends. The company was incubated in IIT Madras and specialises in building Satellite Launch Vehicle (SLV). If the test is successful, Agnikul will become India’s second private manufacturer to build small SLVs. The first company to do it was Skyroot Aerospace, that launched Vikram S in November 2022. Agnikul plans its first commercial orbital launch next year. This final technology demonstrator test will be conducted on the IIT Madras campus. The launch vehicle is ready, and once the team receives the final nod from ISRO, the SLV will be all set to go. Their rocket, Agnibaan, will lift off vertically and follow a predetermined path. The world’s first 3D printed is patented. It was fully designed and built in India and successfully test fired in early 2021. Previous Next

Le Mexique a annonce qu’il avait des mesures tarifaires et non tarifaires qu’il annoncera dimanche. < Back Le Canada, le Chine imposent des tarifs de rétorsion aux États-Unis Le Mexique a annonce qu’il avait des mesures tarifaires et non tarifaires qu’il annoncera dimanche. Après Trump a imposé des tarifs de 25 % sur les importations canadiennes, chinoises et mexicaines, ces pays ont annoncé des mesures de rétorsion. Les tarifs imposés au Canada, à la Chine et au Mexique sont entrés en vigueur mardi. Le Canada a imposé des tarifs de 25 % sur des produits américains d’une valeur de 30 milliards de dollars, notamment sur l’alcool, le café, les vêtements, les appareils électroménagers, les cosmétiques, et les motocyclettes. Les importations d’énergie du Canada sont taxées a 10 %. Doug Ford, le Premier de l’Ontario, a menacé de couper leur approvisionnement en électricité. L’Ontario fournit de l’énergie aux états américains, dont New York, le Michigan et le Minnesota. Le Chine a imposé des tarifs de 10 à 15 % sur les produits alimentaires et agricoles américains, qui entreront en vigueur le 10 mars, tandis que les marchandises en transit seront exemptées jusqu’au 12 avril. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back RBI uplifts year-long ban, grants Payment Aggregator licences 20 Dec 2023 Razorpay, Cashfree, and a few other startups received the licence. However, Paytm and PayU didn't get the central bank's approval. Reserve Bank of India uplifted the year-long ban on fintech startups like Razorpay, Cashfree and gave them the license to operate as Payment Aggregators (PA). Besides these, Google Pay, payment gateway Paymentz, expense management company, Encash, and neobanking startup Open have also received the PA licence. However, Paytm and PayU are yet to receive the central bank's nod. The PA licence allows a company to add new merchants and add various financial offerings to their portfolio. RBI had put the embargo on these startups last year when they failed to monitor payout transactions and carry out risk profiling. While RBI continued its multi-level checks of these startups, these companies were forced to look for alternate revenue mechanisms. Razorpay and Cashfree had started focusing on international markets and offline payments and remittances. Razorpay concentrated on its operations in Malaysia and Cashfree on value add services besides payments. Previous Next