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< Back Ghost Malls rising in metros, highest in NCR 8 May 2024 These are shopping malls with extremely low footfalls and a property vacancy rate above 40%. India is witnessing a rise in the number of ghost shopping malls. As per a recent Knight and Frank report, there were 64 such shopping centres in 2023 compared to 57 in 2022, especially in NCR, Bengaluru, and Mumbai. Hyderabad, on the other hand, saw a decline in such spaces by 19%. More consumers preferring to shop online or in bigger malls that offer more enhanced overall shopping experience. But this hasnt stopped the mushrooming of malls. Along with the number of ghost malls, the Gross Leasable Area (GLA) spiked by 288% year-on-year in 2023. Its financial impact on retailers, landowners, and developers can be pinned at around ₹6,700 crore. The small malls are facing challenges in attracting footfalls and tenants to occupy retail space. As a result, shopping centres are being shut down by developers to undertake better promising commercial and residential projects. Previous Next

L’industrie pétrolière et gazière a contribué à hauteur d’environ 23 millions de dollars à la campagne électorale de Trump et de plus de 219 millions de dollars pour influencer l’élection. < Back Après les lois sur l’environnement, ce sont les Climat Superfund Law qui sont dans le collimateur de Trump ? L’industrie pétrolière et gazière a contribué à hauteur d’environ 23 millions de dollars à la campagne électorale de Trump et de plus de 219 millions de dollars pour influencer l’élection. Trump a accédé aux demandes de l’industrie des combustibles fossiles, notamment en annulant les règlementations environnementales, en offrant davantage de terres américaines pour les forages et en aidant l’industrie à exporter davantage de gaz naturel. Son bureau a également annulé les décrets relatifs au changement climatique et à la justice environnementale, arrête le financement des projets d’énergie renouvelable et déclenché une « urgence énergétique nationale » pour encourager l’extraction des combustibles fossiles. En 2024, le Vermont et le New York ont adopté des lois sur les fonds social pour le climat (SCF) qui imposent la perception de droits auprès des entreprises dépendantes des combustibles fossiles afin de les aider à couvrir les couts liés à l’environnement et aux infrastructures. Le projet de loi prévoit une amende annuelle de 3 milliards de dollars pour les entreprises de combustibles fossiles pendant 25 ans, qui sera affectée aux efforts d’adaptation au changement climatique. Ne manquez pas un autre article de SalestorrsNouvelles150. Suivez Salestorrs sur WhatsApp , LinkedIn , Facebook , X , et Instagram . Previous Next

< Back NVIDIA partners with Indian conglomerates for AI expansion 28 Oct 2024 It is partnering with key tech companies to boost India’s AI capabilities and make it more affordable and accessible. To accelerate AI adoption in India, NVIDIA has partnered with Reliance Industries to build a large-scale AI infrastructure with NVIDIA’s GB 200 supercomputer and other tech deployed for developing scalable AI set-up. It has collaborated with Tech Mahindra to establish a Centre of Excellence (CoE) to develop sovereign large language models (LLMs) and agentic and physical AI infrastructure. Tata Communications and Yotta Data Services will embrace NVIDIA’s Hopper and Blackwell AI chips to power the largest supercomputers, while Infosys will adopt NVIDIA’s AI Stack to create smaller LLMs for different industries. Tata Consultancy Services (TCS) will partner with it to fuel AI adoption across industries and launch industry-specific solutions. NVIDIA formed alliances with Flipkart and Zoho to build LLMs in Indian languages. Hanooman AI introduced Everest 1.0, a generative AI foundational model built using NVIDIA’s GPUs. It supports 35 languages with expansion plans for up to 90 languages. Previous Next

< Back Yoga to be included in Asian Games as demonstrative sport 2 Jul 2024 Yoga will be a demonstration sport with no medals on offer in the Asian Games 2026, to be held in Nagoya, Japan. Indian Olympic Association (IOA) President PT Usha wrote a letter on June 26th to the Olympic Council of Asia (OCA) acting President Randhir Singh, requesting him to include Yoga in the Asian Games. This ancient Indian sport will not offer any medals in the Asian Games 2026; it will be added as a competitive sport in Doha Asiad 2030. India has also been trying to get Yoga included as a competitive sport for the Olympic Games 2036 if it secures the right to host the games. Yoga has been witnessing worldwide acceptance. The Louvre Museum in Paris plans to offer visitors Yoga sessions with instructors ahead of the Olympics, which start this month. The Sports Ministry-run Mission Olympics Cell intends to recommend six games for the Olympics, including Yoga, Kabaddi, T20 Cricket, Chess, Kho Kho, and Squash. Yoga is also a part of the Khelo India Games. Previous Next

< Back Indian realtors tie up with global hotel brands to build serviced residences 4 Sept 2025 The demand for serviced residences is burgeoning as people look for second or holiday homes. Tata Housing, Elan Limited, Leela Residences, Godrej Properties, the Prestige Group, Sobha Limited, and the House of Abhinandan Lodha are investing heavily in serviced residences projects. These Indian developers are partnering with international hotel brands, including Leela Palaces Hotels and Resorts, Hyatt, Four Seasons, JW Marriott, Hilton, Novotel, and The Ascott Limited, to cater to this market. The serviced apartments segment has been expanding at 12.7% globally, and at a similar rate in India, ET reported. Serviced apartments offer attractive rental yields, long-term ROI and capital appreciation. In Goa, serviced apartments offer a rental yield of 8-15%. This city has 35% of India’s second-home buyers. Serviced residences' prices have escalated by 2.6 times, from ₹4,000 per sqft in 2019 to ₹10,300 per sqft in 2025. Infrastructure upgrades, such as new airports and improved highways, coupled with the work-from-anywhere revolution, are supporting the demand for this segment. Check out my new book, THE BLACK FLAMES , on Amazon Kindle. Previous Next

< Back Pursuing growth, IT companies turn away from subcontracting 17 Sept 2024 FY24 saw a rapid decline in subcontracting shares of several IT giants, hitting the lowest figures in almost eight years. The Indian IT industry has relied on subcontracting, especially during the pandemic, to meet hiring needs and close in-house skill gaps. Often, these companies need subcontracting to meet the client's requirements on time. This practice gradually increased the costs of subcontracting talent from third-party agencies, which hiked further in the past 18 months, mainly due to high attrition. The declining margins and slowing industrial growth pushed IT companies away from subcontracting to lower their costs. TCS recorded subcontracting costs at 4% of its total revenue in Q1 FY25, the lowest since FY16. Wipro logged it at 11.3% in the same period, again the lowest since FY16. Tech Mahindra’s costs were 12.6%, the lowest since FY19, and Infosys recorded 8.1% last financial year, the lowest since FY21. They are also focusing on strengthening in-house skillsets to optimise cost efficiency, better utilisation of billable hours, and control administrative expenses to boost margins. Previous Next

< Back CLA Global plans expansion in India 22 Apr 2024 It expanded its presence in India with Baker Tilly India Business Advisory and Consulting Services joining CLA Global's portfolio as a member firm last year. The non-big four accounting and auditing firm, CLA Global formed a new entity in India last year, CLA Global Indus Value Consulting, with Baker Tilly India Business Advisory and Consulting as its member firm. It recruited over 20 partners and more than 300 employees across the country. It offers services in cybersecurity, taxes, data analytics, forensics, and technology implementation. CLA Global serves profitable and growing mid-market clientele that is not yet listed and is away from considerable regulatory scrutiny. Its entities are structured into 14 industry groups across five services. Its Indian entity will also align with the same structure, thus promoting collaboration within their network worldwide. CLA is present in 12 countries and plans to expand to 30 nations by 2024 end. Its US parent has invested USD85 million till now in the India arm and plans to invest USD500 million more over the next five to six years. Previous Next

< Back Google to integrate AI chatbot Bard in all its apps Ishita Nigam 26 Sept 2023 The tech giant will provide the AI chatbot Bard as an extension for all its apps like Gmail. Drive, Docs, YouTube, and the flights and hotel services. Google has announced integrating its AI chatbot, Bard, with all its apps and services as an optional extension. So, data from all the apps will be available in Bard’s single chat window. User data will not be used to show them ads or train the chatbot. This feature will roll out after updating the PaLM 2, the Large Language Model (LLM) that powers Bard. So, for booking a vacation, users can ask Bard to check for everyone’s availability from Gmail, look up flights and hotels, and run a YouTube search for places to visit at the destination – all from a single-window conversation with Bard. It will also provide a ‘Google it’ or ‘G’ icon to double check its answers from web searches. Users will be able to share a Bard chat with other users through a public link, and the new user can continue the same conversation with the chatbot. Previous Next

< Back Govt partners with SBI Cards, telecom to combat cyber fraud 23 Apr 2024 Indian Home Ministry joined hands with SBI Cards and telecom operators to detect stolen OTPs and issue timely alerts. The Home Ministry is testing a prospective solution to detect stolen One Time Passwords (OTPs) and timely alert the user. It has partnered with SBI Cards and Payment Services Limited and telecom providers to develop the solution. It will allow banks to track customers’ geolocation. Banks already have users’ registered addresses, and they can compare where the OTP was delivered. If the current location or registered address don't match the OTP's delivery address, they will issue an immediate alert to the user, or block the OTP. An Indian Cyber Crime Coordination Centre (i4C) report mentions crimes originating in China, Myanmar, and Cambodia siphoned off ₹10,319 crore between 2021-2023. Criminals mislead customers to share the OTPs or reroute them to themselves. Citizen Financial Cyber Fraud Reporting and Management System, created under i4C, prevented fraudulent transfers worth around ₹1,200 crore from over 470,000 complaints received till February this year. Previous Next

< Back BSNL launches India’s first satellite-to-device service 14 Nov 2024 Bharat Sanchar Nigam Limited (BSNL) has built this service in association with Californian communications company Viasat. BSNL, the government-owned telecom provider, launched a pioneering direct-to-device satellite service on Wednesday. It will offer uninterrupted network access to even the remotest areas and boost cellular coverage nationwide. This model was showcased at the India Mobile Congress (IMC) 2024. iPhone14 had introduced satellite connectivity, but these services were limited to government and military use in India. BSNL makes the service available to the general public. The service will assist Indians in making emergency calls, sending SoS messages and transacting via UPI in locations with no or limited cellular and Wi-Fi connections. BSNL is yet to announce how its users will be able to access the service and its pricing structure. Satellite spectrum will be allotted to telcos administratively and not via auction. Direct-to-device connectivity allows regular devices like mobile phones, smartwatches, cars, industrial machinery and transport operators to connect with terrestrial and satellite coverage without dedicated hardware. Previous Next

< Back India updates plastic waste management rules 8 Jul 2025 The Plastic Waste Management (Amendment) Rules, 2025, were formulated by the Ministry of Environment. India’s Central Pollution Control Board (CPCB) is implementing new pollution control rules from July 1st. These regulations mandate that all plastic packaging have a barcode, a QR code or a unique ID linked to CPCB registration. The Producers, Importers, and Brand Owners (PIBOs) will comply with Rule 11 that mandates enhanced labelling and traceability for packages. The CPCB will publicly list compliant parties. There will be daily escalating fines for non-compliance, as well as conviction for repeated and serious violations. This is bound to enhance accountability for companies that fall under the Extended Producer Responsibility (EPR) framework. The aim is to curb plastic pollution and encourage companies to enhance their recycling infrastructure, such as PET recycling plants, and utilise AI-based sorting, as seen in Google’s CircularNet model, which Saahas Zero Waste uses. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< 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