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< Back RBI brings AI into UPI; raises UPI Lite limit to ₹500 Ishita Nigam 22 Aug 2023 RBI will soon introduce AI-enabled Conversational Payments in your UPI apps. Plus, it has raised UPI Lite limit from ₹200 to ₹500, upper limit ₹2,000. Salestors, you may soon be able to direct an AI chatbot to make UPI payments for you. RBI Governor, Shaktikanta Das, announced on August 17th their plans to introduce Conversational Payments on UPI systems. Initially, the service will be available only in Hindi and English and will include other languages eventually. RBI raised the transaction limit for UPI Lite from ₹200 to ₹500, with the upper limit capped at ₹2,000. UPI Lite is an on-device wallet launched in September 2022 to boost small value transactions. It turned out to be a smashing hit and currently handles ten million transactions monthly. The government plans to introduce transactions using Near Field Communication (NFC) that allow information exchange between phones at a distance of 4 centimetres. It will offer superfast ‘Tap to Pay’ service and minimal declined transactions. Paytm and Cred are already offering this service. Previous Next

< 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 Faster immigration for int’l passengers at Delhi, Mumbai, Bengaluru 29 Jan 2024 The government plans to roll out biometric checks, DigiYatra for international passengers to speed up the process. International passengers travelling to and from India will soon be offered biometric immigration services at New Delhi, Bengaluru, and Mumbai airports. The government is also working on making DigiYatra available to international passengers for electronic passport-based enrolment. The biometric check-in will be first available for international passengers. Indians will receive it after the issuance of much-awaited e-passports, which are expected to begin this year. E-passports will combine paper and electronic passports, with an RFID chip and antenna installed in the back cover. The passport’s first page and the chip will store the individual’s complete data. Indian government officials and diplomats have been receiving such passports since 2021. First-time visitors will still need to enrol and clear immigration with facial, iris, and fingerprint scanners to be able to use the e-clearance during departure. It will reduce the touch points for passengers and lower their overall checking-in duration. Previous Next

< Back Extended detention time raising logistics costs in India 10 Jan 2025 Detention is the time a truck spends waiting for loading or unloading beyond the agreed period. The Indian logistics industry suffers a prolonged detention period when trucks are forced to wait for hours or even days for loading or unloading. Some firms hold the trucks and use them as extended warehouses in case of a paucity of space, while some refuse to pay for the waiting hours. This is an additional nuisance for the logistics sector, which already bleeds due to operational and fuel costs and inadequate infrastructure. Such delays lead to severe underutilisation of trucks rendered useless as extended warehouses. It also raises operational costs and leaves drivers without food or basic amenities, often under harsh conditions. FMCG and consumer goods industries face the maximum brunt. To reduce the burden on drivers, some companies, like Fr8, have raised their detention charges to pay the drivers more. American truckers receive between USD 50-80 per hour towards detention charges, while in India, the rate is around INR 1,000-1,500 daily. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back Star Air begins Mumbai to Solapur flights from Oct 15 29 Sept 2025 Their flight will operate on Tuesdays, Wednesdays, Fridays, and Saturdays. The new route between Solapur and Mumbai is Star India’s 31 st route. The four-weekly flights will commence from mid-October, with fares starting at ₹3,999, all-inclusive. Tickets are available now on its website, CNBC reported. It is part of the regional airline’s expansion plan under the government’s UDAN scheme (Ude Desh ka Aam Nagrik). The airline aims to connect underserved Tier 2 and 3 cities. Star Air, owned by the Kolhapur-based Ghodavats, launched in 2019. It operates Embraer E175 and E145 with separate seating combinations and business and economy classes. Star India turned profitable in FY2025 with a profit of ₹68 crore and became the Number 2 airline in India. It has avoided hiring expensive talent to control its costs. It has 1,000 direct and 500 indirect hires. In FY2024, Star Air received ₹258 crore as a UDAN subsidy, against a total income of ₹364 crore. From four cities in 2019, it now flies to 32 cities. 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 3 Indian states ban raw egg mayonnaise 12 May 2025 Kerala banned it in 2023, Telangana in November 2024, and Tamil Nadu in April 2025. Mayonnaise made from raw eggs contains egg yolk, vinegar, vegetable oil, and seasonings. Tamil Nadu has become the third state to ban the production, storage, distribution, and sale of mayonnaise for a year, effective April 8, 2025. Tamil Nadu’s Food Safety and Drug Administration has termed it a ‘high risk’ food due to its potential to cause food poisoning from Salmonella bacteria (Salmonella typhimurium, Salmonella enteritidis, Escherichia Coli, and Listeria monocytogenes). Food poisoning symptoms would include diarrhoea, abdominal cramps, and fever. These bacteria thrive in warmer temperatures, so mayonnaise can pose higher safety risks when improperly cooked or stored. Vegan and pasteurised egg mayonnaise undergo heat treatment that kills the harmful bacteria. Kerala, Tamil Nadu, and Telangana have introduced street food hygiene standards and imposed limits on synthetic food colours in sweets and beverages. Tamil Nadu has imposed stricter temperature regulations for meat storage for preventing bacterial growth. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Alpha Wave makes more than $1bn binding offer to buy stake in Haldiram’s 10 Dec 2024 Alpha Wave Global, earlier known as Flacon Edge, is a Tiger Global subsidiary. Haldiram’s Snacks Food is selling 15-20% of stake in the Indian snacking giant and suitors are queuing up. One interested group is led by Bain Capital, partnered by Temasek, and the other is led by Blackstone, Singaporean GIC, and Abu Dhabi Investment Authority (ADIA). With the stake sale, Haldiram’s promoter group is hoping to receive the public market premium of ₹93,500 crore ($11 billion), while the family is vying to get at least a $10 billion valuation from the investors. With Blackstone and Bain leading the initial talks, the company would have had to sell off up to 76% of its stake. The company is now considering selling a minority stake in the combined operations of their Nagpur and Delhi factions. After the deal, Delhi will hold a 56% stake while Nagpur will have 44%. Alpha Wave invests mostly in consumer technology ventures like LensKart, Chaayos, CRED, Cars24, and Dream11. Previous Next

< Back China’s Single’s Day shopping festival losing its appeal 12 Nov 2024 Alibaba started the popular shopping event on November 11th, 2009. Chinese annual shopping event called Single’s Day or Double 11 was started by the c-commerce giant Alibaba and adopted by other websites like Pinduoduo and JD.com. It began as a one-day event but soon became a festival, as Chinese shopping platforms began the promotions weeks ahead to lure in shoppers. The pandemic, coupled with China’s sluggish domestic economy, a real estate crisis, and deflationary pressures, discouraged consumers from spending lavishly like before. This slowing trend pushed the e-commerce portals to offer promotions to markets abroad with global free shipping, thus helping local merchants to sell worldwide. Customers believe discounts aren’t as significant, and prices are inflated before merchants offer discounts. Moreover, the government’s latest financial stimuli have failed to boost consumer confidence. The gross merchandising volume sales across major e-commerce portals grew by only 2% compared with double-digited growth pre-pandemic, Syntun, the data provider, reported. Previous Next

< Back Despite tensions, Canada’s investments in India going strong 17 Oct 2024 Canadian funds Caisse de Deport et Placement du Québec (CDPQ) and British Columbia Investment Management sustained their holdings in India in the past year. Despite the geopolitical row between the two nations, Canada invested $4 billion in India between April 2000 and June 2024. Canada’s exports to India increased by 1.6% between October 2023 and August 2024. In the past five years, around one-fourth of Canada’s pension fund investments directed to Asia were invested in India, a considerable increase from 10% investments done between 2003-18. Canada focused on India while trying to divert its focus from China. As an emerging global superpower, India holds access to several economic clubs that interest Canada. Some Canadian funds, like the Canada Pension Plan Investment Board (CPPIB), have divested for various reasons besides geopolitics. Of the ₹45,000 crore listed equities held by CPPIB, it sold ₹8,500 crore in FY25. In June 2024, it held over a 1% stake in five listed companies in India, including Kotak Mahindra Bank, Delhivery, Nykaa, Indus Tower, Reliance Industries, Infosys, TCS, and Zomato. Previous Next

< Back FMCG giants to curb sales to organised wholesalers to support kirana stores 20 Feb 2024 80% of the FMCG sales are controlled by kirana stores in India. Amul, Dabur, Britannia, and Parle plan to reduce sales to organised wholesalers to avoid price wars with traditional distributors. FMCG giants in India plan to reduce their sales to organised wholesalers like Reliance Cash and Carry, Udaan, and Flipkart Wholesale. Conventional kirana stores in India control 80% of the wholesale distribution. Organised retail and wholesale companies own 5% of the market share but have the advantage of scale and can offer more leverage over supplies and prices. Earlier, the FMCG companies hoped to reach the kirana stores through organised wholesalers, but it didn’t happen. Troubled by the threat of deep discounts from established wholesalers, the kirana stores had earlier threatened to stop product supply from these companies. Supplying to traditional distributors costs FMCG companies 13-14% of the sales and nearly half in the case of organised wholesalers. Consumer goods corporations rely on a wholesale network to reach the 12 million kirana stores nationwide. They still plan to leverage organised distributors but limit their participation below 10%. Previous Next

Le nouveau gouvernement de gauche élu la semaine dernière a amélioré le sentiment des investisseurs. < Back L’indice boursier de la Corée du Sud au plus haut depuis 3,5 ans Le nouveau gouvernement de gauche élu la semaine dernière a amélioré le sentiment des investisseurs. Le nouveau président sud-coréen Lee Jae-myung a promis aux petits investisseurs que leur indice de référence, le KOSPI (Korea Composite Stock Price Index), atteindrait 5 000 points au cours de son mandat. L’indice a augmenté de plus de 7 % pour dépasser les 2 900 points depuis son élection le 3 juin. L‘ancien président Yoon Suk Yeol a déclaré la loi martiale en décembre 2024, qui a entrainé sa mise en accusation et son éviction lors des élections du 3 juin. Lee prévoit de résoudre le problème de la « Korea discount » - ou les entreprises cotées en bourse souffrent de valorisations historiquement basses. La loi sud-coréenne ne protège pas les actionnaires lorsque les entreprises fusionnent ou diversifient les secteurs d’activité contrôles par les familles fondatrices par le biais de participations minoritaires. Lee a proposé des mesures de protection des actionnaires, notamment l’introduction d’une obligation fiduciaire à leur égard. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< 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