< Back Hero MotorCorp planning to debut in the electric 3-wheeler market 5 Sept 2024 Hero is hosting advanced talks with Altigreen Propulsion Labs, an 11-year-old Bengaluru-based manufacturer of electric three-wheelers. With all its competitors, Mahindra & Mahindra, TVS Motor and Bajaj Auto, present in the three-wheeler segment, Hero MotorCorp is planning a debut in the market. It is in the advanced level of discussions to invest ₹900 crore in Altigreen Propulsion Labs to manufacture electric three-wheelers (E3Ws). The discussions have been ongoing for around nine months. Altigreen’s electric three-wheelers are used by e-commerce companies for last-mile deliveries of vegetables, gas cylinders, poultry, and dairy products. Since its launch in 2020, Altigreen has sold 5,000 units. Bajaj Auto sells 3,500 vehicles per month, and Mahindra sells 7,000 vehicles per month. It is now working on an electric four-wheeler. If the deal goes through, it will be Hero Group's second-largest investment in the EV segment after electric two-wheeler manufacturer Ather Energy, where it holds a 40% stake. In June, Hero invested ₹124 crore to buy an additional 2.2% stake in Ather Energy. Previous Next

< Back US Federal Trade Commission sues Meta for buying out competition 15 Apr 2025 The Federal Trade Commission (FTC) filed an antitrust suit against Meta for buying Instagram and WhatsApp to avoid competition. The antitrust trial against Meta started on April 14th. The US FTC alleges that Meta unlawfully monopolised the social media market. FTC produced an email from Mark Zuckerberg dating back to 2012 confirming his intentions to buy Instagram to “neutralize a competitor” and his concerns about Facebook Camera lagging behind Instagram. Zuckerberg admitted to the genuineness of these emails but clarified that they were being portrayed out of context. Meta alleges it still competes with YouTube, TikTok, SnapChat, and Apple’s iMessage. FTC argued that users don’t have other meaningful alternatives to Meta. If the FTC wins, Meta could be forced to sell Instagram and WhatsApp. Experts estimate Instagram, Meta’s major ad revenue generator, could produce $37 billion in ad revenue in 2025. This case was filed during President Trump’s first term. Meta donated $1 million to his inauguration this year and is trying to persuade Trump to settle the lawsuit. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back EU’s Sustainable Products Regulation to hurt Indian exports 24 Jun 2024 Ecodesign for Sustainable Products Regulation (ESPR) mandates stringent sustainability checks for imported products. This is bound to impact Indian exports to Europe significantly. The European Union recently passed a new regulation, the ESPR, to monitor the sustainability of imported products. It also mandates a Digital Product Passport for easier traceability of items. It will come into effect in January 2026 and begin monitoring items like textiles, mattresses, furniture, iron and steel, tyres, paints, detergents, and lubricants. By 2030, it will cover all EU imports. Global research group Global Trade Research Initiative (GTRI) believes this initiative will hurt exports from various countries. These countries will have to change their production processes to meet the ESPR sustainability criteria, which can lead to higher production and compliance costs, thus reducing the pricing advantage Indian exporters enjoy. To be compliant, Indian firms must ascertain their products' environmental impact throughout their life cycle, ensure ESPR adoption in their processes, set up compliance policies and measures, and provide the necessary sustainability data for Digital product Passports. Previous Next

< Back Govt to verify air purifier claims; mandates environmental claims disclosure 16 Oct 2024 The Indian government rolled out new guidelines to control greenwashing and deceptive environmental claims. After Union Food and Consumer Affairs Minister Prahlad Joshi accused air purifier manufacturers of false claims about their products, the Indian government announced its plans to conduct market surveillance to evaluate the performance of these products against the company claims. Bureau of Indian Standards will examine their performance with existing air filter quality control orders. The Centre has introduced fresh guidelines to identify greenwashing and false eco-friendly claims by companies. All claims like ‘100% recyclable’ and ‘net zero emissions’ must be accompanied by verifiable evidence, independent research, and third-party verification. All material details must be accessible to the end user through QR codes and URLs. The guidelines also mandate companies to use consumer-friendly language explaining the sustainability or eco-friendliness of the product and whether the claim is about the product, its manufacturing process, packaging, or disposal. The Consumer Affairs Ministry’s decision will be final in case of ambiguity or dispute. Previous Next

< Back Pavel Durov, CEO of Telegram, arrested on August 24th in France 26 Aug 2024 The French regulator OFMIN, which protects minors from violence, arrested the 39-year-old Russian-born Pavel Durov, was arrested on Saturday night outside Paris. OFMIN arrested Telegram Founder Pavel Durov on charges of lack of moderators and failure to mitigate the misuse of his messaging app by criminals. In 2006, Durov created VKontakte, Facebook’s Russian version. He quit VKontakte after a political spat with Kremlin-linked owners when he refused to block the Russian opposition leader Alexei Navalny’s account. He eventually left Russia in 2014 and obtained citizenship of the Caribbean Island archipelago of Saint Kitts and Nevis. He became a French citizen in August 2021 and is reported to hold UAE citizenship, too. He founded Telegram in 2013 as a neutral and uncensored platform and headquartered it in Dubai. Durov, the 121st richest globally, is accused of organised crime, drug trafficking, promotion of terrorism on his platform, cyberbullying, and fraud. Russia tried to ban Telegram in 2018 after Durov refused to allow the state security agents access to users’ messages. Previous Next

< Back Iran’s new Bill withdraws cooperation with Int’l Atomic Energy Agency 25 Jun 2025 On July 1st, 1968, Iran signed the Nuclear Non-Proliferation Treaty (NPT). It was ratified on March 5th, 1970. Following its ongoing war with Israel, Iran passed the bill that suspends any cooperation with the International Atomic Energy Agency (IAEA) and withdraws from the NPT. This bill restricts the IAEA’s access to Iranian nuclear facilities for inspection. This move draws a curtain on international visibility into Iran’s nuclear activities. It could set a precedent for the others and trigger several geopolitical reactions, like sanctions from the US or the EU. Iran’s atomic isolation could make future negotiations challenging. At the same time, Iran has threatened to block the Strait of Hormuz, with its Parliament approving the measure. The final decision to physically close it rests with the Iranian Supreme National Security Council. This Strait allows 20% of the world’s oil and liquified natural gas to pass. In 2024, 84% of crude oil passed through the Strait of Hormuz to travel to India, Japan, South Korea, and China. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Tesla signs semiconductor procurement deal with Tata Electronics 15 Apr 2024 Tata Electronics will provide semiconductor chips for Tesla’s global operations. Tesla signed a strategic agreement with Tata Electronics a few months ago to procure semiconductors for operations worldwide. It aims to set up operations in India. Elon Musk is expected to visit Prime Minister Narendra Modi to discuss the company’s potential investments in the country. This will position Tata Electronics as a trustworthy supplier to major international clients looking to establish a semiconductor value chain in India. This move backs Tesla’s strategy to set up its presence in India. Tata Electronics is strengthening its C-suite by recruiting top-level executives. Tata Electronics invested $14 billion in the semiconductor facilities in Assam, Dholera, and Hosur. Tesla has been looking for sources beyond China for critical EV parts like electric motors and battery packs. Tesla is expected to invest $2-3 billion in establishing electric vehicle manufacturing in India. The top contenders include Tamil Nadu, Maharashtra, and Gujarat, which have established automotive hubs. Previous Next

< Back All credit card payments to pass through Bharat Bill Pay from July 1 21 Jun 2024 Bharat Bill Payment System (BBPS) is an integrated bill payment system backed by the Reserve Bank of India (RBI). Banks can register with BBPS as Agent Institutions (AIs) to use its interoperable and accessible bill payment services. RBI directed all credit card payments to be done through the BBPS after June 30th. However, only eight out of 34 banks with the permit to issue credit cards have registered on it. HDFC Bank with 20 million credit cards, ICICI Bank with 17 million, and Axis Bank with 14 million, are yet to register. This can significantly impact fintech players like PhonePe, Cred, Infibeam Avenues, and BillDesk as they will not be allowed to process credit card payments after June 30th. Among those who have registered are the SBI Card, Bank of Baroda, IndusInd Bank, Kotak Mahindra Bank, and Federal Bank. The industry players have petitioned via the Payments Council of India seeking a 90-day extension. BBPS is a one-stop portal run by the National Payments Corporation of India (NPCI). It facilitates utility payments and repetitive payments for insurance premiums, credit cards, and mutual funds. Previous Next

A young and dynamic saleswoman with a diverse experience of almost a decade and a half across renowned MNCs. Read Suman Khetan's opinion on how Sales has carved her thinking and what she expects from Sales in 2022. Suman Khetan Diversity is Thy Policy Starting her career with Coca Cola, Suman achieved greater and greater milestones with Vodafone, Tata Teleservices, and IMA India. A sales superwoman who achieved 98% of her target while on maternity leave , Suman has had many milestones in the past one and a half decade of her career. Today she handles Projects Sales for Bennett Coleman. An inspiration to Women in Sales, we caught up with her in Women's Week 2022 to ask her opinion on these two key questions. How has your relationship with Sales been? Can you share some key learnings that Sales has taught you that changed your outlook in personal life? "So I would like to say that sales has made me what I am today. More than a give and take relationship, it has become an integral part of my life where my day just doesn't end before I think about numbers. I will say that sales is a passion and someone who follows a proper process will eventually just hit it right, and once you achieve your targets, it gives immense satisfaction. Also, it keeps you going. I have a personal habit that I like to be organised, so keeping a close track of my numbers and targets has helped me achieve them. One thing that I have adapted is, I have become more people-friendly, and now I don't shy away from stepping up to anybody and speaking." How do you think Sales has changed in the post-pandemic era? "Oh, a lot! I could never have imagined converting clients just by sitting in my personal study room over my screen. Virtual selling is possible, and 2021-22 has made it so. Also, the team now has become more dynamic, and various advanced tools that we use as CRM, which are constantly changing, has also added a lot of value and up-gradation in the sales process." Let's Get Social Home

Book Review of Winning by Jack Welch with Suzy Welch. A must-read for everyone in love with Winning! Book Review Winning by Jack Welch with Suzy Welch We all love winning. As a Valentine's Day gift for my readers, I thought of doing something special. Review a book that talks about winning. Who should be reading this masterpiece? Anyone who is looking out to win in their professional lives. And maybe personal lives too. Jack Welch delves into his own experiences from his time at GE. He describes all sorts of challenges that can come up in our lives and carves the way out as well. Key Highlights Here are five reasons why every person working in the corporate, especially a Sales person, aka a Salestor , should read the book. Simplicity and Practicality Jack asks us to pay heed to the simplest things in life that we end up missing. The book gives most practical and simplest ways to ensure a win. He begins the book with Mission-and-Vision statements, candor and differentiation. He describes what difference do these make and why should they matter to each employee down the line. How many times have we paid heed to the thought: “Lack of candor blocks smart ideas, fast action, and good people contributing all the good stuff they’ve got. It’s a killer.” ? Real-life Anecdotes: Anecdotes from Jack’s own experience are a gold mine that each one of us can get a key takeaway from. He’s got an anecdote to guide us through every kind of situation one can encounter in a corporate life. Dealing with Difficulty A difficult boss, a difficult colleague, or simply a difficult-to-sell product, Jack covers it all. The Work-life Balance Conundrum Jack takes us through his own journey on realising what work-life balance really means for different people. But the bottom line remains “Most bosses are perfectly willing to accommodate work-life balance challenges if you have earned it with performance. The keyword here is: if” . The Biggest Takeaway The most effective solutions are surprisingly the most simple ones. More importantly, your values need to be strong. They will surprise you with the best workable solutions in the direst of circumstances. He opines “And frankly, integrity is just a ticket to the game. If you don’t have it in your bones, you shouldn’t be allowed on the field.” My take: the book is a must read . It flows smoothly like a mystery and keeps you hooked. Jack speaks to each reader citing his views and using his own experiences to back them. Every reader is bound to have multiple takeaways from the book. Have feedback on the book or the review? Share your comments below. Salestors on Other Writing Platforms

Akshay Nanavati, un Indo-américain essaye à compléter un voyage de 2 700 km à travers l’Antarctique. < Back Un quadragénaire entame un voyage à ski en solitaire dans l’Antarctique Akshay Nanavati, un Indo-américain essaye à compléter un voyage de 2 700 km à travers l’Antarctique. Le 8 novembre, Akshay Nanavati, un ancien Marine américain de 40 ans, s’est lance dans un périple à ski de 2 700 km à travers l’Antarctique en solitaire. L’expédition à ski d'une côte à l’autre durera 110 jours, et il transporte 400 livres de provisions, y compris du carburant et de la nourriture, par des températures allant jusqu’à moins 40 degrés. S’il réussit, Akshay deviendra la première personne à skier 2 700 km d’une cote à l’autre, en solo et sans assistance, à travers l’Antarctique. Il fait partie des 50 personnes qui ont terminé l‘expédition sur le glacier Axel Heiberg, dans le cercle arctique canadien. Au cours de ce voyage, il a perdu l’extrémité de deux doigts à cause d’engelures. L’un d’entre eux a dû être retiré en raison de la gangrène. Né à Mumbai, Akshay est entrepreneur, auteur, et conférencier. Il a servi en Irak entre 2007 et 2008. Previous Next

Si le gouvernement fédéral maintient son objectif a 500,000 immigrants permanent par an jusqu’en 2030, le taux d’activité se stabilisera à environ 65 %. < Back L’immigration un mal nécessaire pour la main-d'œuvre canadienne Si le gouvernement fédéral maintient son objectif a 500,000 immigrants permanent par an jusqu’en 2030, le taux d’activité se stabilisera à environ 65 %. Selon une nouvelle étude de Statistique Canada, le taux d'activité canadienne descendu depuis 2000, et cela continue jusqu'en 2030 quand les Baby-Boomers atteindront l’âge de 65 ans. Ensuite, la génération X se retirera ce qui moins d’affectera sur l’économie. La population active canadienne a augmenté de 16,1 millions en 2001 à 20,5 millions en 2021. L’étude signale qu’arrêter l’immigration permanente ou temporaire baissera du taux d’activité et l’apportera au niveau de 2021. La population de plus de 55 ans a doublé de 10,9 % en 2001 à 22,4 % en 2021. La recherche a noté que si les personnes âgées travaillent, cela aura un impact grandeur sur le taux d’activité. Une autre étude a souligné que si ce pays hausse le taux d’immigration par 1 % de l’actuel de 0,8 %, les nouveaux arrivants contribueront environ 5,3 millions de travailleurs et un tiers du taux de croissance en 2040. Previous Next