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< Back Trump’s $5 million Gold Card may replace EB-5 visa 27 Feb 2025 It will be implemented if the Trump administration receives Congress and the Senate approval. The EB-5 visa introduced by the Congress in 1990, allows foreigners to invest $800,000-1 million in incorporating a company in the US and employing at least 10 people. Between September 2021-22, 8,000 people obtained this visa. However, the EB-5 visas carry the risk of fraud and difficulty in verifying the source of funds. The Trump administration plans to introduce the ‘gold card’ to replace EB-5 within two weeks. It is a green card offering permanent legal residency, or US citizenship, and cancels any taxes on foreign income earned outside the US. The $5 million citizenship fee will ensure only the ultra-rich apply. For business owners, tax savings on significant foreign income can easily cross the $5 million threshold within a few years. Trump aims to reduce the $35-trillion government deficit with it. However, EB-5 is a law. He will have to amend the citizenship law to introduce gold cards. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Health & fitness brands’ sales spike on New Year's Day 9 Jan 2024 HealthifyMe reported ₹2.5 crore in sales on January 1st compared to ₹70 lakh per day sales on average. Boldfit recorded sales up to 25% higher in the first week of 2024. Health and Fitness apps and many subscription-based companies cashed in massive sales on New Year due to resolutions. HealthifyMe, which offers fitness coaching and diet and nutrition plans, broke its previous records. 66% of its revenue came from subscription renewal compared to 50% in January 2023. Curefit-owned Cultsport, a sportswear and equipment seller, witnessed a similar hike but expects a downward spiral by the end of the month and a further 30% drop in February. Boldfit, which sells fitness products and nutritional supplements, saw up to 22,000 orders daily, or one order every four seconds, comparable to the Prime Day sale in 2023. The January-March quarter sees the highest industry sales, especially in nutritional supplements, health equipment like yoga mats, sports shoes, and fitness coaching. The trend is visible worldwide, with American companies like New York Sports Club offering a $1 joining fee and complimentary membership for a month. Previous Next

< Back India’s first 1,080-acre aerial system testing facility opened in Nagpur 2 Apr 2025 It also features a 1.27 km-long runway used for developing Medium- and High-Altitude Long-Endurance drones for the Indian Army. PM Modi inaugurated India’s first private sector aerial technology development facility in Nagpur on Sunday. The site is run by Solar Defence and Aerospace Limited (SDAL). The facility will test advanced Unmanned Aerial Systems (UAS), including loitering munitions, as well as Medium and High Altitude Long Endurance (MALE and HALE) drones or Unmanned Aerial Vehicles (UAVs). Loitering munitions are aerial weapons that hover over a target for a set period before striking with precision. The SDAL facility also features Pinaka rocket systems, counter-drone systems, anti-tank guided missiles, the Bhargavastra (a counter-drone system), and the Bhaumastra (a mine detection system). Its MALE UAVs can fly up to 30,000 feet with a capacity for staying in flight for up to 48 hours. HALE UAVs can fly for days at an altitude of up to 65,000 feet. SDAL has submitted a proposal to the Indian Air Force for the adoption of its UAVs. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

Après décembre 2024, le lancement était prévu le 26 février, puis le 3 mars. < Back Le lancement d’Ariane 6 est reporté au 6 mars Après décembre 2024, le lancement était prévu le 26 février, puis le 3 mars. Les défis rencontrés pour acheminer le satellite jusqu’au pas de tir ont retardé le lancement de la fusée Ariane 6 de décembre a février, puis au 3 mars. Mais, un dysfonctionnement d’une valve détecté à la dernière minute dans un tuyau de ravitaillement a repoussé le lancement au 6 mars. Le premier vol commercial d’Ariane 6 prévu pour 2020 a eu lieu le 9 juillet 2024, après plusieurs retards. Ariane 6 est le nouveau lanceur européen de charges lourdes. L’Agence spatiale européen la développée en collaboration avec des centaines d’entreprises de 13 pays européens. Le principal contractant est ArianeGroup. Le CNES, l’agence spatiale française, a développé et entretient les installations de lancement d’Ariane 6 au Port spatial de l’Europe, en Guyane française. Ariane 6 déploiera le satellite CSO-3, dernier élément de la constellation CSO. Airbus Defence and Space a développé ces constellations pour soutenir le système multinational d’imagerie spatiale (MUSIS). Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back PM Modi to launch Mera Yuva Bharat Platform on Oct 31 for the under 29 Ishita Nigam 30 Oct 2023 MY Bharat will be an autonomous body focusing on youth development and enhancing their leadership skills. Prime Minister Narendra Modi will launch an autonomous body, Mera Yuva Bharat, on Sardar Vallabhbhai Patel’s birth anniversary on October 31st. The Union Cabinet approved the establishment earlier this month. Its website, called MYBharat, will be a platform to connect ministries with the Indian youth. It aims to enable youth between 15 and 29 years of age to learn social innovation and leadership skills through experiential learning. It will focus on programmatic skills instead of isolated physical interaction. The initiative seeks to harness youth’s energy in nation-building. Creating a centralized youth database will offer access to resources and opportunities. It will build a physical-digital ecosystem to empower youth and help them be a bridge between the government and other citizens. The Department of Youth Affairs recently hosted the ‘Meri Maati, Mera Desh’ program, which saw 50 million youths plant 23 million saplings to create Amrit Vatikas across India. Previous Next

< Back JSW MG Windsor breaks EV market records with 15,176 bookings in 24 hours 2 Dec 2024 The motor company offers the Battery as a Service (BaaS) model, thus allowing customers to rent the battery. Launched in September, JSW MG’s Windsor runs at an ex-showroom price of ₹9.9 lakh without the battery. It outsold its competitors in October 2024 with 3,116 unit sales compared with Tata Nexon at 1,593 units and Tata Curvv at 1,542 units. What’s driving this trend for JSW MG is their newly launched Battery as a Service (BaaS) model, which allows customers to buy the vehicle, lease the battery, and pay only for the kilometres driven. Consumers can swap the rented battery at a network provider for an average rent of ₹3.5/km, a maintenance cost of ₹0.5/km, and a charging price of ₹1/km, where charging is offered free for the first year. Ultimately, a Windsor SUV costs ₹4.75/km without GST to the consumers. The other Internal Combustion Engine (ICE) cars cost ₹8-9/km. The BaaS model helps users save the running cost by up to 40% compared to the other ICE models. 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 Royal Enfield EV to launch in the first quarter of 2026 3 Jun 2025 The electric bike has been showcased many times, even at EICMA, the world’s biggest motorcycle trade show held every year in Milan. Flying Flea C6, Royal Enfield’s new EV, was set up for an exclusive event at Officine del Volo, Milan, where a select few influencers and media got a private preview. This built anticipation before the bike’s public debut at EICMA. The Flying Flea C6 is positioned as a retro-futuristic electric bike, less than 110 kg, with a forged aluminium frame, a round touchscreen display, a Snapdragon processor to enable over-the-air updates, and customisable ride modes. Royal Enfield began developing it two years ago as a part of its Rebalance strategy, to balance electric and fossil-fuel-based products. Flying Flea was originally a 59 kg WWII motorcycle, designed to be air-dropped via parachute to help the British army cross enemy lines and fight Nazis during the Normandy landings in 1940. The Flying Flea C6 will be a sub-product aimed at an audience different from Royal Enfield’s traditional customer base. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Singapore’s real estate major to invest ₹45,000 crore in India 4 Sept 2024 CapitalLand Investment (CLI) announced plans to increase its funds under management (FUM) in India by more than double by 2028. Singapore’s leading real estate enterprise, CapitalLand Investment, announced on August 28th its plans to more than double its investment in India by 2028. It will invest ₹45,000 crore in India in the next four years. This aligns with its goal of reaching $200 billion in FUM worldwide by 2028. Currently, CLI has around $7.4 billion (₹45,880 crores) invested in India. This is expected to cross ₹90,280 crores by 2028. The announcement came on the occasion of CLI’s 30th anniversary in India and when Prime Minister Narendra Modi is visiting Singapore to strengthen the two nations' strategic and bilateral relations. CLI began its journey in India 30 years ago with the launch of its first IT park, the International Tech Park Bangalore (ITPB), in association with Ascendas. India is one of CLI’s fastest-growing markets, and the company has witnessed its investments triple in the past seven years. Previous Next

< Back Blinkit launches 10-min ambulance services in Gurugram 4 Jan 2025 The service will be available for a flat fee of ₹2,000. Expanding their scope of quick commerce, Blinkit is set to launch ambulance services in select areas of Gurugram, India. It deployed five ambulances in the test phase on Thursday, January 2nd. Users will soon be able to book a Basic Life Support (BLS) service through the Blinkit app. The ambulances will have a paramedic, a trained driver, and an assistant. It will not offer services for neonatal care or ventilators. It will be equipped with AEDs (Automated External Defibrillator), oxygen cylinders, suction machines, monitors, stretchers, emergency medicines, including injections. The q-commerce startup plans to introduce the service in other major cities in India within the next two years. A few users highlighted the probable issue of users being asked to pay surge prices in times of high demand. Till December 2023, India had 17,495 BLS and 3,441 Advanced Life Support (ALS) ambulances. Previous Next

< Back Flipkart to offer bus bookings on app 12 Apr 2024 It has tied up with state and private transport companies to offer 1 million bus services on 25,000 routes across the country, Flipkart entered the travel domain by acquiring the travel aggregator ClearTrip in 2021. In 2022, it launched Flipkart Hotels, offering access to 30,000 hotels in India and abroad. It also sells airline tickets through Flipkart Flights. It started viewing the bus sector when it witnessed an 80% jump in ClearTrip’s bus bookings during the Big Billion Days festive sale last year. Over 60% of bus bookings come from tier 2 and 3 cities in India, where Flipkart has a stronghold. The eCommerce giant plans to create a one-stop shop for all travel needs. Moreover, due to the emerging expressways nationwide, bus bookings are expected to witness a 200% increase. Spiritual and revenge tourism (tours that follow a period of being unable to travel) are rising. The bus industry is highly competitive. Redbus is the biggest online bus booking platform globally and owns 75% market share in India. Previous Next

< Back Wow! Momo – The Indian dominant among foreign Quick Service Restaurants 19 Jan 2024 The Kolkata-based fast food chain, founded in 2008, reported a 93% revenue growth from ₹222 crore to ₹415 crore between FY2022 and FY2023. Wow! Momo is the only homegrown chain competing and surviving in the league of big brands like Domino's, KFC, and McDonald’s in India. After reporting a 93% hike in revenue, the Quick Service Restaurant (QSR) brand opened 190 new outlets nationwide and plans to add up to 180 by March. It currently operates 620 stores PAN India. It launched Wow! China in 2019, contributing around ₹14 crore in revenue monthly, and Wow! Chicken in 2022, that adds ₹3 crore revenue per month. All Wow! Momo outlets are company owned and run. Wow! Momo produces 10 lakh momos daily in its facilities in the north, west, and east. It sells frozen momos under the brand Wow! Momo Sales and recently launched Wow! Eats combining all three brands. It earns 44% of its revenue from online orders, including 10% from direct orders from ONDC, and it plans to increase them via its own app. Previous Next