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< Back Tessolve buys German Dream Chip as Hero plans to sell its 30% stake 8 Nov 2024 Tessolve is a Bengaluru-based semiconductor design company owned by Hero Electronix. Hero's semiconductor design venture, Tessolve, acquired German Dream Chip Technology for ₹400 crores in an all-cash deal. Dream Chip will continue to operate normally as a different brand. Tessolve will add four delivery sites across Germany and the Netherlands, including a specialised Advanced Driver Assistance Systems, to expand its European operations. A 20-year-old company, Tessolve offers end-to-end semiconductor design, testing, and production solutions to 80% of the world’s 20 biggest semiconductor firms. Hero Electronix acquired Tessolve in 2016 from Manickam. It expects to generate up to ₹1,260 crore with a 25-30% stake sale. On the other hand, American test and measurement equipment maker Viavi is planning to invest in semiconductors and data centres in India. Viavi is integrating AI and ML into its products before the 6th generation technology development and getting into silicon photonics and chip testing. It already runs multiple offices in Gurugram, Bengaluru, Mumbai, and Chennai. Previous Next

< Back IRCTC Tatkal ticket booking will need Aadhaar from July 1 12 Jun 2025 Aadhaar-based OTP verification will be mandatory for online Tatkal bookings starting July 15th. Indian Railways announced modifications to the Tatkal booking system to curb misuse and make Tatkal tickets more accessible. From July 1st, only users authenticated with Aadhaar will be able to book Tatkal tickets on IRCTC’s website and app. From July 15th, Tatkal bookings made via the computerised Passenger Reservation System (PRS) and authorised agents will need OTP verification from the mobile number provided at the time of the booking. Indian Railways has also barred authorised agents from making bulk bookings during the critical window on the opening day of the Tatkal tickets. These agents cannot book Tatkal tickets from 10 am to 10:30 am for AC classes, and 11 am to 11:30 am for non-AC classes. Indian Railways has asked passengers to link their Aadhaar numbers with IRCTC user profiles. It has instructed IRCTC and the Centre for Railway Information Systems (CRIS) to implement the modifications. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Tesla begins hiring in India 18 Feb 2025 India recently reduced the import duty from 110% to 70% on high-end cars above $40,000, thus making it lucrative for Tesla. Elon Musk always showed keen interest in setting up manufacturing in India, provided the carmaker is first permitted to sell and service its vehicles and import duty is lowered. Less than a week after he met with Prime Minister Narendra Modi, Tesla announced hiring in India. It announced hiring for 13 positions in Mumbai and one in Pune. It is hiring for advisory roles across service, parts, and inside sales; service manager and technician; business and delivery operations; customer support and engagement; and store manager. Reduced import duties and the demand for EVs make India an attractive market. In April 2024, The Asia Group, Tesla’s advisor, also attended the stakeholders meeting on the new EV policy organised by the Ministry of Heavy Industries (MHI) in New Delhi. Other attendees of this meeting included Vietnamese EV manufacturer VinFast, Maruti Suzuki, Tata, Mahindra, Kia, Renault, BMW, Audi, Mercedes-Benz, Skoda Auto Volkswagen India. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Kerela raises Class 1 age limit to 6 yrs, Karnataka demands relaxation 3 Apr 2025 The Karnataka government had to raise the age criteria from 5 to 6 years from 2025-26. The Right to Free and Compulsory Education Act 2009 (RTE Act 2009) and Rules 2012 and the National Education Policy (NEP 2020) establish the minimum age limit for enrolling a child in Class 1 at six years completed as of June 1. The Union Government has asked and reminded state governments to ensure its implementation. The Kerela government revised the Class 1 admission criteria to six years. Karnataka had to implement the same in the academic year 2025-26. However, parents are still waiting for the government's announcement while seeking a relaxation on this criterion so that their children can participate in competitive exams and government jobs on time. The NEP states that over 85% of a child’s cognitive development happens before the age of six. Experts also warn against the negative impact of early admissions, suggesting that children are better prepared for formal education after the age of six. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . 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 Air India becomes world’s first airline to launch virtual AI 14 Nov 2023 Maharaja AI will facilitate flight checking and changes, baggage allowance, packing restrictions, check-in, airport lounge access, and refunds. Air India became the world’s first airline to launch generative AI virtual agent called Maharaja. Powered by Microsoft Azure OpenAI, Maharaja has answered over half a million queries since its testing phase launch in March 2023. It now receives over 6,000 queries a day and successfully responds to over 80% of them in Hindi, English, German, and French. It automatically transfers almost 15% queries to Air India’s contact centre. Maharaja AI covers more than 1,300 areas, including flight status and changes, check-in, airport lounge access, baggage allowance, packing restrictions, and refunds. Air India’s strategy blends many machine learning techniques along with Generative AI. The software also has safeguards in place to prevent harmful language and slangs from infiltrating its conversational AI system. Air India plans to roll out more advanced features driven by patent-pending technologies to expedite customer interactions and query resolution. Previous Next

< Back Microsoft, OpenAI alliance receives clearance from UK 7 Mar 2025 UK’s Competition and Markets Authority (CMA) said this alliance does not need an antitrust investigation under merger rules. In 2016, OpenAI committed to using Microsoft Azure as the primary cloud service. In 2019, after OpenAI converted from a non-profit to a hybrid model, Microsoft invested $1 billion. In 2023, Microsoft invested $10 billion, bringing the total to $13 billion. These investments allowed Microsoft to integrate OpenAI’s products with its own. Microsoft may garner 75% of OpenAI's profits as a return on investment along with a 49% stake in the company. In 2023, CMA ordered an investigation to check if the alliance gave either of the firms a stronger hold and influence over the other. After 14 months of scrutiny, the competition authority approved the association. Microsoft faced antitrust issues in the UK and the US after its initial investment in 2019 and the boardroom battle of 2023 that led to the ousting and reinstatement of Sam Altman. However, Microsoft still faces investigation into its cloud services. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Wipro wins $500 mn contract from Nokia for five years 12 Jun 2024 Wipro will offer managed services for some Nokia products and industry solutions for five years. On June 6th, Wipro announced securing a $500 million contract from Nokia, a leading American communication services provider. As per the contract, Wipro will build a customised cloud-based AI-powered solution for Nokia’s 86,700 employees across 130 countries. The solution will provide faster, smoother, and real-time IT support and an improved service desk for Nokia’s employees. The software will be omni-channel, always on, and experience-driven. It will be powered by Designit, a Wipro company, and facilitate a hybrid work environment. In the last quarter of FY2024, Wipro won deals worth $3.6 billion while its order book for the whole year was $14.9 billion. Wipro closed 18 big deals in Q4 compared to 14 in Q3. The deal happened two months after Srinivas Pallia became the new CEO. Last December, the departure of Wipro’s Chief Growth Officer and Head of Large Deals, Stephanie Trautman, made it challenging for the company to secure big deals. Previous Next

< Back Maharashtra CM inaugurates Nifty WAVES Index 2 May 2025 Launched by the National Stock Exchange (NSE), the WAVES Index will track the performance of the creative economy. The World Audio Visual and Entertainment Summit (WAVES) Summit 2025 aimed at establishing India as the global epicentre for the creative streams. The new WAVES Index launched during the Summit includes 43 listed companies from the creative sector, including Zee Media, Hathway Cable, PVR Inox, Saregama, Network18, and TV Today. It has been set with a base value of 1000 beginning from April 1st, 2005. The new index will organise performance tracking of India’s creative industries. India’s creator economy employs 8% of the workforce and contributes $30 billion to the GDP. Maharashtra CM Devendra Fadnavis announced MoUs worth ₹8,000 crore for the sector development aimed at positioning Maharashtra as a global hub in the storytelling domain. Godrej is developing a ₹2,000 crore studio in Panvel to attract global post-production work. The government also established the Indian Institute of Creative Technology in Mumbai to train professionals in creative fields. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back C-295 military aircraft manufacturing plant inaugurated in Gujarat 30 Oct 2024 It is India’s first private military aircraft manufacturing facility, launched by Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sánchez. India’s first military aircraft manufacturing facility, inaugurated in Vadodara, Gujarat, should be operational by next month. The first C-295 aircraft is expected to launch in September 2026. India signed the ₹21,935 crore deal with Airbus Defence and Space SA, Spain, to procure 56 C-295 replacing the Indian Air Force’s ageing Avro-748 aircraft. According to the agreement, Airbus will deliver 16 fully assembled aircraft from Spain, while Tata Advanced Systems Limited (TASL) will make the remaining 40 in India. Airbus will also provide TASL with the needed manufacturing technology, component assemblies, and other tools. Indigenous systems, like radar warning receivers and missile approach warning systems, will be created and supplied by Bharat Electronics Limited and Bharat Dynamics Limited. Facilities for Maintenance, Repair, and Overhaul (MRO) will also be set up to position India as a domestic and international regional servicing hub. Aircraft manufactured at the Vadodara facility will also be exported. Previous Next

L’Espagne a vu 24 millions plus de touristes, une hausse de 14,5% que la même période de l’année dernière. < Back Les Espagnols protestent contre le surtourisme L’Espagne a vu 24 millions plus de touristes, une hausse de 14,5% que la même période de l’année dernière. Ce qui peut être vient telle une surprise, tourisme n’est pas en même demande en Espagne. En raison du surtourisme, tous les prix ont élevé en Espagne. Celui-ci causée la flambée en loyer l’approvisionnement en eau et le logement, les services de santé, et le management de déchets pour les habitants. Après les années covid, le tourisme a expérience une hausse feu a raison de vols a bas prix et les réseaux sociaux. L’Espagne a été témoin un augmenté en dépenses des touristes internationaux par 22,6% entre janvier et avril 2024. Barcelone émergé la ville la plus visitée dans ce pays avec environ 12 millions visiteurs par an. Pour protester contre surtourisme, environ 3 000 personnes participent aux manifestations organisées dans toute l’Espagne. Les autorités ont mets l’interdiction de cinq ans sur louer de logements aux voyageurs. Les portails comme Airbnb ne peut plus offrir des logis aux touristes. Previous Next

< Back Vodafone Idea signs ₹13,500 cr deal with Nokia for equipment 30 Sept 2024 Vodafone Idea (Vi) will buy equipment over three years to expand its 4G network and roll out 5G in nine circles. As per the ₹13,500 crore equipment deal, Nokia will provide Vi with a 5G AirScale Network gear portfolio and upgrade the company’s existing 4G network with multiband radios and baseband equipment to support 5G. Vi recently announced its plans to buy ₹30,000 crore of 4G and 5G network gear from Nokia, Samsung, and Ericsson over the next three years to boost its 4G operations and roll out 5G in major cities in 17 priority circles. As per the contract, Nokia will offer equipment for Vi in Andhra Pradesh, Gujarat, Mumbai, Haryana, UP-East, UP-West, West Bengal, Kolkata and Tamil Nadu/Chennai markets. Ericsson and Nokia will supply 45% of Vi’s 4G and 5G gears, while Samsung will offer 10%. Ericsson may receive nine circles - Himachal Pradesh, J&K, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Rajasthan, Northeast, and Assam. Samsung may get Bihar and Odisha. However, Ericsson and Samsung are vying for Delhi. Previous Next