< Back Govt planning wider coverage under social security schemes 15 Oct 2024 The revised Jan Suraksha model may provide higher insurance and pension coverage, doubling life and accident cover limits. The Centre is planning to upgrade the Jan Suraksha model to offer wider coverage for life and accident insurance and pension by linking all Jan Dhan account holders. It is also considering increasing the minimum guaranteed pension under the Atal Pension Yojana (APY), which is currently ₹1,000 to ₹5,000 per person. Under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), the insurance cover is ₹2 lakh. Currently, insurers and banks have to settle claims within 14 days of receipt, giving one week each to the bank and the insurer. Centre plans to hike premium rates and push prompt claim payment. Banks are advised to proactively inform deceased account holder nominees by identifying the corresponding customers from core banking solutions. Centre had revised annual premium rates to ₹436 for PMJJBY’s life insurance scheme and ₹20 for PMSBY’s accidental death and disability scheme in 2022. Source: ET Previous Next

< Back PepsiCo, ITC vying for Balaji’s 10% stake 12 Sept 2025 Rajkot-based Balaji Wafers has been valued at ₹40,000 crore. Several companies, including PepsiCo, ITC, Temasek, and TPG, have queued up to buy a 10% stake in Balaji Wafers. PepsiCo had similar discussions in 2013 to buy a 49-51% stake, but Balaji resisted then. The Viranis, owners of Balaji Wafers, are eyeing professionalising management for the organisation, a move similar to Vadilal’s recent CEO appointment. 80% of their revenue comes from sales in Gujarat alone. Balaji Wafers is known for products like chips, noodles, and wafers, and is a prominent name in Western and Central India. Temasek acquired a 10% stake in Haldiram’s for $1 billion in March this year. It was the largest deal in the Indian packaged food sector. The IMARC Group predicts the Indian snacks market to double from ₹42,695 crore in 2023 to ₹95,521.8 crore in 2032, growing at an 8.63% CAGR. Local brands like Balaji are dominating the space compared to international brands. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes novel Previous Next

Le syndicat Ver.di demande une augmentation de salaire de 8 % et des restrictions sur les contrats temporaires. < Back Une grève syndicale touche 13 aéroports allemands Le syndicat Ver.di demande une augmentation de salaire de 8 % et des restrictions sur les contrats temporaires. Après l’échec de la deuxième série de négociations, le syndicat allemand Ver.di a annonce une grève d’une journée, y compris un débrayage de 24 heures, le lundi 10 mars. 13 aéroports sont concernés, dont Francfort, Munich, Berlin, Hambourg, Stuttgart, Düsseldorf, Cologne, Dortmund, Hanovre, Brême et Leipzig-Halle. Le conflit porte sur les salaries et conditions de travail. Ver.di réclame une augmentation de salaire de 8 % ou un revenu supplémentaire d’au moins 350 euros par mois, une prime, trois jours de vacances supplémentaires et des contrats temporaires de moindre durée pour près de 2,5 millions de travailleurs publics. Les autorités aéroportuaires jugent ces demandes économiquement irréalisables. Les fonctionnaires, le personnel au sol et les gens de sécurité ont organise un débrayage de 24 heures lundi, entraînant des annulations massives de vols. Ver.di soutient les réformes fiscales annoncées par la futur chancelier Friedrich Merz, estimant qu’elles contribueront à moderniser les infrastructures allemandes. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back Govt to mandate ISRO-built navigation system, NavIC, for smartphones Ishita Nigam 15 Sept 2023 NavIC is an Indian alternative to the American Global Positioning System (GPS) and is used by our military. It already has seven dedicated satellites and will increase to 12 in a few years. The Indian government is planning to mandate integrating Navigation with Indian Constellation, or NavIC, with all smartphones. NavIC is India’s alternative to the American GPS. Although NavIC will not replace GPS in smartphones, it will provide another option for geo-positioning software. The devices can support NavIC-enabled chips or install NavIC chipsets in the smartphones. All 5G phones will need to start offering mandatory support for NavIC by January 1st, 2025, and all other L1 band phones will have to embrace it by December 2025. This ISRO-developed technology was launched in 2018 and is currently used by the Indian military and in some mobile devices and cars. The government has been discussing the possible rollout of NavIC-integrated mobile devices from assembly lines. The mobile makers raised concerns about increased manufacturing costs. However, Apple has agreed to integrate the technology into some newly launched iPhone 15 handsets. Previous Next

< Back SoftBank sells its entire Nvidia stake 12 Nov 2025 It sold 32.1 million shares worth $5.8 billion in October. SoftBank aims to fund its CEO, Masayoshi Son’s, AI investments in OpenAI and the Stargate data centre project worth $500 billion. Its entire stake sale in Nvidia pushed the market down by 2%. This is the second time SoftBank has exited Nvidia. Its Vision Fund, an early investor in Nvidia, bought a $4 billion stake in 2017 and sold it in January 2019. Scepticism is ripe around the AI bubble. Goldman Sachs, Morgan Stanley, and Michael Burry, the short-seller, have warned about the overvaluation of AI stocks. CoreWeave, a US-based cloud computing company, has recently revised its revenue forecast from $5.15-5.35 billion to $5.05-5.15 billion, thus missing the Wall Street forecast of $5.29 billion. SoftBank also sold its T-Mobile stock, worth $9.2 billion, to divert funds toward AI apps. SoftBank’s rising interest is boosting the valuation of OpenAI, which is also preparing for a possible trillion-dollar IPO. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes novel. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

< Back Quick commerce industry to hike gross order value to $10 billion by FY26 9 Sept 2024 Zomato’s Blinkit, Zepto, and Swiggy Instamart hold over 90% of the q-commerce market share. The q-commerce industry is expected to log a gross order value of USD10 billion by FY26 and surpass USD78 billion in the next decade. This market is estimated at USD 662 billion in FY24, which is 66% of the total retail market. At a 3% net profit margin, the industry could accumulate a profit of USD 2.3 billion in the next ten years. The sector’s expansion into new services, including high-end electronics, is spiking the average order values and improving economics. The fragmented retail market, fast urbanisation, and the q-commerce industry’s ability to bypass the middlemen make it an alternative to local kiranas. Inspired by this growth, logistics companies like Shadowfax, Ecom Express, and Loadshare are starting to offer superfast deliveries. Delhivery, the third largest e-commerce logistics provider in India, announced its plans to open a series of dark stores offering same-city deliveries within two to four hours. Previous Next

< Back Government planning an Employee Provident Fund Org revamp 16 Apr 2024 This plan aligns with the bigger vision of creating a universal social security offering improved service delivery. The Indian government is planning a revamp of the Employee Provident Fund Organisation (EPFO) to significantly improve service delivery. The short, medium, and long-term plans include restructuring its PAN India offices and processes, IT reforms to enable automatic settlement of claims, and cadre restructuring. The plan is to form a social security organisation offering universal coverage and contactless and online services. It is creating a PAN India centralised database to settle claims automatically subject to a validation process. EPFO has commissioned an in-depth study at IIT Delhi to develop reforms to enhance efficiency. The organisation experienced a staff reduction of 21.3% along with a 3.5 times jump in claim settlement in the past ten years. With an increase in the organised workforce, the EPFO subscriber base has expanded by 126% since 2018. The organisation added 6.1 million subscribers in 2018-19 and 13.8 million in 2022-23. Previous Next

< Back OYO to acquire US’ G6 Hospitality for $525 million 24 Sept 2024 Blackstone Real Estate owns G6 Hospitality, which has brands like Motel 6 and Studio 6 under its umbrella. Oravel Stays, the parent of the Indian hospitality giant OYO, launched in the US in 2019 and swiftly expanded to 320 hotels across 35 states. Last year, OYO added almost 100 hotels and planned to add 250 more this year. It has now agreed to acquire G6 Hospitality from Blackstone Real Estate for ₹4,383 crore or USD 525 million in an all-cash deal. Motel 6 is an over-60-year-old brand that operates around 1500 properties in the US and Canada. It generates $1.7 billion in room revenue annually, which creates a strong fee structure and cash flow for its parent, G6. OYO’s comprehensive technology offerings, global distribution network, and marketing expertise will help both Motel 6 and Studio 6 brands grow. The deal is expected to close in early 2025, subject to certain conditions. Motel 6 will continue to operate as a separate entity after the acquisition. 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

On craint que plus de 500 produits fabriqués par TreeHouse Foods aux États-Unis et au Canada soient contaminées par la listeria. < Back Gaufres surgelées rappelées aux États-Unis et au Canada On craint que plus de 500 produits fabriqués par TreeHouse Foods aux États-Unis et au Canada soient contaminées par la listeria. Les gaufres congelées sont rappelées par de nombreuses marques telles que Walmart's Great Value, Target's Good & Gather, Aldi's, Food Lion, Dollar General, Tops, Hannaford, H-E-B, Publix, PriceChopper, Shnucks, Harris Teeter et Southeastern Grocers aux États-Unis et au Canada. Parmi ces produits, citons les gaufres au babeurre Clover Valley 12,3 oz, les gaufres Best Choice 12,3 oz aux pépites de chocolat, les gaufres maison Good and Gather 12,3 oz, les gaufres Good and Gather 12,3 oz au babeurre, et Tops 12,3 oz aux bleuets. TreeHouse Foods a publié une alerte demandant aux consommateurs de vérifier s’ils possèdent les produits concernes dans leur congélateur et de les jeter ou de les renvoyer au magasin pour obtenir un crédit. La Food and Drug Administration (FDA) des États-Unis et l’Agence canadienne d’inspection des aliments (ACIA) sont impliquées dans ce rappel. Aucun cas d’infection par la listeria n’a encore été enregistré. Previous Next

< Back Bharat Taxi service to launch in Delhi on Jan 1st 23 Dec 2025 It will be India’s first cooperative taxi service, conceptualised and supported by the central government. To offer relief from peak-hour surcharges of ride-hailing apps, the Sahakar Taxi Cooperative Limited will launch Bharat Taxi in Delhi on January 1 st . It is a multi-state cooperative project headed by Amul’s Managing Director, Jayen Mehta, and registered under the Multi-State Co-operative Societies Act, 2002 (MSCS Act). It will offer car, auto-rickshaw, and bike rides at fixed rates, which means no surge pricing during peak hours, late nights, or holidays. Over 51,000 drivers have registered on the app. Its safety features include integration with Delhi Police and other agencies, verified driver onboarding, and the option for users to share ride details with their contacts during the journey. It will run on a zero-commission, driver-owned cooperative model that will improve drivers’ working conditions. The drivers will receive around 80% of the fare directly through monthly credits. This is being touted as higher than what other cab aggregators pay their drivers. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes mystery. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next

< Back Safran opens world’s largest LEAP engine MRO facility in Hyd 27 Nov 2025 It is a €200 million investment, expected to create 1,100 jobs. Prime Minister Narendra Modi inaugurated French aerospace and defence major Safran’s CFM LEAP engine maintenance, repair and overhaul (MRO) facility in Hyderabad on Wednesday. Safran invested €200 million in setting up the 45,000 sqm facility at GMR Aerospace and Industrial Park – SEZ. It will be able to serve 300 CFM LEAP engines for civil aircraft and will have a next-gen test bench, creating 1,100 highly skilled jobs at full capacity. Safran’s MRO setup will also power the M88 military engine MRO used in Rafale jets. This facility, built for ₹400 crore, will have a capacity of 600 engine modules per year and employ 150 people. This is the first global OEM deep-level servicing MRO facility, and the largest in the world. 85% of MRO work has always been done outside India, making it expensive and time-consuming and leaving aircraft grounded for prolonged periods. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. A gripping, high-stakes mystery. ⭐⭐⭐⭐.6 stars on Amazon ⭐⭐⭐⭐⭐ on Goodreads Previous Next