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< Back Aditya Birla ventures into paints business with Birla Opus 23 Feb 2024 It plans to become India's second largest paints business with a revenue of ₹10,000 crore and turn profitable within three years of operations. Aditya Birla launched a decorative paints business, Birla Opus, on Thursday under Grasim Industries. It intends to compete with Asian Paints, Berger, and new entrants, like Astral, JSW, and Pidilite, in the ₹80,000 crore industry. The company will operate six manufacturing units and plans to add at least 40% to the country’s annual capacity of 1,332 million litres. Birla Opus plans to build a capacity higher than its competitors in the first year. It commissioned three plants in Panipat (Haryana), Ludhiana (Punjab), and Cheyyar (Tamil Nadu) that will account for 50% of its total capacity. It will launch three more plants in Mahad (Maharashtra), Chamarajanagar (Karnataka), and Kharagpur (West Bengal) by FY2025. In 2021, Aditya Birla announced its entry with a ₹10,000 crore investment. It has invested ₹5,000 crore till now. By March, it will announce pricing and launch products in Tamil Nadu, Punjab, and Haryana. Previous Next

< Back Medical supplies plane crashes at London Southend airport 14 Jul 2025 The 12-metre Beechcraft King Air B200 plane is confirmed to carry two pilots; the passenger count is unconfirmed. On July 13, a London to Lelystad (Netherlands) bound plane crashed immediately after takeoff. It was a medical supplies plane that took off at 8:18 pm IST, reached 175 feet, tilted left, inverted mid-air, and nosedived headfirst, crashing on impact. The Beechcraft King Air B200 plane can carry a maximum of 9 passengers and 1-2 crew. London Southend Airport was immediately shut down. At least five international flights were cancelled, including EasyJet flights to Malta, Faro, Pisa, and Palma. The Air Accident Investigation Branch (AAIB) is heading the enquiry, supported by the local Essex Police. Zeusch Aviation, the Dutch expert in medical evacuation and private charter planes, operated the flight. Zeusch is assisting AAIB with the investigation. The Aircraft had completed the flight from Athens to Pula, Croatia, and then to London the same day. London Southend Airport remains closed, with all flights cancelled or diverted to Gatwick and Stansted. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Reliance Ajio, Amazon readying Meesho-like low price marketplaces 21 Feb 2024 The new marketplace, Amazon Bazaar, is onboarding sellers to offer unbranded products below ₹600. Reliance Ajio is building a similar platform. Reliance Ajio and Amazon are building new marketplaces to compete with Meesho’s low price, unbranded product offerings. The upcoming marketplaces, Reliance Ajio Street and Amazon Bazaar, will offer a zero-commission model to sellers. The products will include apparel, shoes, jewellery, watches, luggage, home and kitchen, garden, and sports goods, among others, below ₹600. Amazon Bazaar will be integrated into the main app. Besides onboarding fresh sellers, it allows existing sellers to move relevant products to the new platform. Ajio Street offers a 15-day payment settlement to lure new merchants. Amazon Bazaar will offer deliveries within 2-3 days. Meesho offers zero commission or referral fee for merchants. It earns through add-ons like logistics services for sellers and advertising. Amazon Bazaar will not charge any closing fee to merchants using its Easy Ship service. To grow in India, these brands need to sell low-priced, difficult-to-find goods called longtail products at zero-commission models. Previous Next

< Back Quick commerce worth $5 bn in three years, half of the online grocery industry 2 May 2024 As per Goldman Sachs, Zomato’s quick commerce arm, Blinkit’s implied value is now more than that of the food delivery business. Zomato bought Blinkit in June 2022 for $568 million, now implied to be worth $13 billion. In March 2023, it was evaluated at around $2 billion. Blinkit’s gross order value (GOV) is expected to grow at a CAGR of 53% between FY 2024 and 2027, compared to Zomato’s projected CAGR of 38%. The massive, unorganised grocery industry, high population density in urban cities, and a profitable ratio of delivery costs to average order values drive the demand for Blinkit. The absence of intermediaries and organised channels in the online grocery domain and the large scale of operations give quick commerce platforms the pricing advantage. With around 7,000 SKUs, these platforms are better organised than Kirana stores, which own around 2,000 SKUs. Quick commerce was launched with Zepto in April 2021. Today, it owns 50% of the market share, which is expected to reach 70% by FY 2027. Previous Next

< Back BluSmart to go back to partnering with Uber 16 Apr 2025 It started its journey in January 2019 by operating EVs for Uber and building expertise. Building on the foundation of operating EVs for Uber in Delhi-NCR and Bengaluru, BluSmart gradually ventured into offering its EV ride-hailing services. Its fleet then comprised the Tata e-Tigor and Mahindra e-Verito, among others. It also briefly expanded into Dubai. The high cost of maintaining the unsellable EV fleet mounted its monthly losses to ₹20 crore. Financial distress at its promoter firm, Gensol Engineering, deepened its troubles. BluSmart’s attempt to raise $50 million earlier this year did not fruit. To reduce its operational and financial risk, BluSmart is planning a strategic partnership, which will allow it to operate its fleet for Uber. Uber started its EV services, Green, in 2023, intending to deploy 25,000 EVs through partners like Lithium Urban Technologies, Moove, and Everest Fleet. BluSmart will earn a portion of the fares for its owned or leased cars booked via Uber. Uber will retain the commission, as per usual. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Crypto traders in tier 2,3 cities overtaking metros 20 Jan 2025 Kolkata and Botad (Gujarat) entered the list of top 10 cities for crypto traders in India. Over two-thirds of the Indian population is below 35 years (2022). Besides Delhi-NCR, Bengaluru, Mumbai, Hyderabad, and Pune, smaller cities like Jaipur, Thane, Lucknow, and new entrants Kolkata and Botad (Gujarat) have seen the number of cryptocurrency investors spike recently. While three-fourths of the investors fall below the age of 35, the generation from 36 years and above forms up to 28% of the investor base in India. Profit potential and blockchain technology combined with enhanced access to the internet and smartphones attract the younger generation to crypto trading. Also, cryptocurrencies allow users to transact without relying on a regulatory authority and are more secure. Indians invest mainly in Layer-1 tokens, Decentralised Finance or DeFi tokens, Meme and Gaming and Layer-2 tokens. As per a CryptoQuant survey, 60% of Crypto traders fall between 25-44, invest less than $10,000 annually, and Asia leads the global market with 40% of users. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp, LinkedIn, Facebook, X, and Instagram. Previous Next

< Back Reliance Retail buys 51% stake in Alia Bhatt's Ed-a-mamma Ishita Nigam 7 Sept 2023 Reliance Retail signed a JV and plans to expand the kids and maternity wear brand to personal care, baby furniture, childrens' books, and an animated series. Reliance Retail Ventures (RRVL) signed a Joint Venture agreement with Alia Bhatt’s Ed-a-mamma and acquired a 51% stake in the baby and maternity clothing brand. Alia Bhatt launched the brand in 2020 as a sustainable clothing line for 2- to 12-year-olds. It expanded to include maternity, infant, and toddler apparel in October 2022. Reliance plans to introduce sustainable personal care, baby furniture, kids’ storybooks, and even an animated series for children. Ed-a-mamma is known to avoid using plastic buttons and refurbishing used fabric to make hair ties. The brand also includes seed balls with each garment sold. Ed-a-mamma started as an online-only store but gradually expanded offline. The company plans to leverage Reliance’s extensive omnichannel network of more than 18,500 stores and eCommerce platforms. Reliance runs the online fashion portal Ajio.com and owns the rights to Gap in the fashion domain in India. Previous Next

< Back Madhya Pradesh launches intrastate air taxi service 14 Jun 2024 The service, called PM Shri Paryatan Vayu Seva, is available at 50% off for 30 days from June 13th. On June 13, Madhya Pradesh Chief Minister Mohan Yadav launched the first PM Shri Paryatan Vayu Seva from Bhopal to Jabalpur. The one-way trip will take 55 minutes compared to four hours by road. The service will connect eight cities in Madhya Pradesh- Bhopal, Jabalpur, Indore, Gwalior, Singrauli, Ujjain, Khajuraho, Panchmarhi, and Rewa. The state government partnered with a private firm, Jet Serv Aviation Private Limited (Flyola), to launch this service. Passengers can book the service digitally or via the booking counter at Indore, Bhopal, and Jabalpur airports. Twin-engine planes will have a capacity of six passengers. Depending on the response, the capacity will be increased to 11-seater and 20-seater aircraft. Ticket prices are kept at ₹9,000 from Bhopal to Jabalpur and ₹15,000 from Bhopal to Khajuraho. Passengers can book the entire private charter or on a seat-sharing basis. The CM will inaugurate this service in Ujjain on June 16th. Previous Next

< Back Union govt directs Mumbai airport to reduce flights from this week 13 Feb 2024 The move will force airlines to cancel up to 40 daily flights, besides charters, to ease congestion and improve on-time flight performance. The Union government asked the Mumbai airport to reduce the number of daily flights and restrict business jet movement to curb congestion. Mumbai is the second busiest airport in the country after Delhi. Airports Authority of India (AAI) directed the airport to decrease aircraft movement from 46 to 44 during peak hours and from 44 to 42 during non-peak hours. This will push IndiGo to curb at least 18 flights per day, the highest number of daily departures. The Air India Group, including Vistara, will have to reduce 17 daily flights. Moreover, the curfew on daily operations of business jets has been spiked from four to eight hours. This has drawn protests from Reliance Industries, Mahindra Group, and JSW. The airport’s declining on-time performance led to this directive. Airport network operators said this could incite severe challenges related to aircraft redeployment and compensation payouts to affected passengers, causing financial losses. Previous Next

< Back Airtel in talks to buy Tata Play 8 Oct 2024 It acquired Tata’s consumer mobility business in 2017 and absorbed it after two years. Tier 1 and 2 customers are opting for OTT packs over DTH, and rural subscribers are choosing Doordarshan Free Dish. Hence, Airtel is ready to strike a second deal with the Tata Group to boost its presence in the OTT segment. Tata Play, formerly Tata Sky, is the market leader with 20.77 million users and a 32.7% share. Airtel ranks second with a 27.8% share. Tata Play removed some Sony channels to cut the losses, leading to a spat between the two. Tata Sons bought Temasek Holding’s 10% stake in Tata Play for ₹835 crore in April, thus bringing its ownership to 70% and company valuation to $1 billion. Airtel may buy Tata Play for a similar amount as the Temasek deal. After merging with 21st Century Fox, Walt Disney absorbed Sky’s 30% stake in Tata Play. Disney now plans to quit TV distribution after its merger with Reliance Jio. Previous Next

< Back Italy’s Fontana Gruppo acquires 60% stake in Nashik’s RTF 4 Mar 2025 It is among the biggest foreign investments made in the Indian auto parts industry. Nashik-based Right Tight Fasteners (RTF) will acquire Aurangabad-based BG Fastening and Engineering, Fontana Gruppo’s existing operations in India. Then, Fontana Gruppo will invest ₹1,000 crore to buy 60% stake in RTF. RTF is India’s second largest automotive fastener maker. It operates four facilities in Maharashtra, Uttarakhand, and Tamil Nadu and supplies parts like nuts, bolts, and screws to M&M, Ashok Leyland, Tata Motors, Royal Enfield, Ola Electric, and Bajaj Auto. RTF’s leadership will spearhead the new entity, which will become one of the largest fastener makers in India. In February, the Carlyle Group, a private equity firm, acquired a 70% stake for $400 million in the entity combined after the merger of Roop Automotives and Highway Industries. In 2024, Bain Capital invested in RSB Transmissions. In 2022, Warburg Pincus acquired a controlling stake in Imperial Auto Industries, and Cummins bought a 26% stake in Automotive Axles for $76 million. Never miss another post from SalestorrsNews150. Follow Salestorrs on WhatsApp , LinkedIn , Facebook , X , and Instagram . Previous Next

< Back Amazon speeds up Q-commerce service Tez launch 25 Nov 2024 It plans to launch it by late December 2024 or early 2025. Amazon is expediting its entry into the Indian quick commerce sector, worth almost $6 billion. Its fast delivery service called Tez, expected to be launched in the first quarter of 2025, is now slated to launch in the next two months. Amazon Tez will prioritise groceries and daily essentials. The company is focusing on establishing dark stores, finalising stock-keeping units (SKUs) and creating logistics infrastructure for superfast deliveries. It may finalise the launch date during its review meeting ahead of the annual Smbhav event planned on December 9th and 10th. This launch will mark Amazon’s global debut in this segment, making it the only e-commerce giant to venture into quick commerce. Amazon has started fresh hiring for Tez. Flipkart launched Minutes before Diwali, and Tata’s BigBasket transitioned to a q-commerce model and recorded ₹900 crore in gross sales in October. Tata Digital also introduced Neu Flash. Previous Next