Maran to Sell Majority Stake in SpiceJet 10 Salary Hike after 3

first_imgPromoter of low cost airline SpiceJet and owner of Sun TV Network, Kalanithi Maran is set to sell his 53.48 percent stake in the loss incurring carrier and is reportedly discussing the matter with former Spicejet director and co-founder A Singh and a few other private equity traders.”Currently we are in our silent period and hence would not be able to comment,” SpiceJet told The Hindustan Times.The carrier has been incurring losses for a while now and is regularly seen introducing new offers to recover the loss. In the first ten days of July, SpiceJet announced 10 lakh tickets for ₹999, valid for travel in various domestic routes between 6 January and 24 October 2015.The airline posted a loss of ₹1,003.24 crore in the previous financial year.”SpiceJet requires around $250 million as on March 2014 to bring books in order,” explained Kapil Kaul, south Asia chief executive of aviation consultancy Centre for Asia Pacific Aviation (Capa).”It may require further fund infusion for growth and expansion. Restructuring efforts are not showing results largely due to very complex competitive dynamics and lack of funds to execute it. I expect a significant downsizing post a possible fund infusion,” Kaul added.Meanwhile, SpiceJet has also hiked the salaries of pilots and crew members by 10 percent after three years that came into effect last month, reported The Economic Times.”SpiceJet in the last few years had gone below the market index in terms of salaries to pilots. This will bring it on par with its peers,” said an employee to ET.The low fare airline controlled by billionaire Maran operates more than 330 daily flights to 48 destinations, which includes 41 Indian cities and 7 international destinations.Maran bought majority stake in SpiceJet from its promoter Bhupendra Kansagra and Wilbur Ross in 2010.On Friday at 10 am, stock price of SpiceJet Limited was seen 1.84 percent lower at ₹13.37 per share.last_img read more

BNP to stage sitin in front of Nayapaltan office

first_imgBangladesh Nationalist Party (BNP) leaders and activists on Tuesday decided to stage a sit-in programme in front of its Nayapaltan central office protesting at the jailing of their party chief Khaleda Zia in a graft case, reports UNB.BNP senior joint secretary general Ruhul Kabir Rizvi said that police verbally gave them permission to hold the programme on the premises of the Institute of Diploma Engineers, Bangladesh at Kakrail.As police did not get them written permission, they now took decision to hold the programme in front of their party office, said the BNP leader.BNP leaders and activists have already started gathering in front of the party office to stage the sit -in-programme.The party leaders and followers will observe the programme from 11:00am to 12 noon.On Saturday, Rizvi announced a three-day protest programme at a press briefing at BNP’s Nayapaltan central office after BNP chairperson Khaleda Zia was sentenced to five years in jail in Zia Orphanage Trust case.As part of the programmes, the party leaders and followers will also observe a hunger strike from 9:00am to 5:00pm on Wednesday across the country.On 8 February, a special court convicted Khaleda and sentenced her to five years’ imprisonment in the graft case.last_img read more

Hasina asks party men not to get defeated

first_imgBangladesh Awami League (AL) president and prime minister Sheikh Hasina addresses her party’s third phase of the special extended meeting at her official Ganabhaban residence in the city on Saturday. Photo: BSSApparently concerned about the ruling party’s chances in the next general elections, Bangladesh Awami League president, prime minister Sheikh Hasina on Saturday asked her party men to remove differences within the party.She said the party leaders and workers must support the ones who would be given ‘boat’, the AL’s election symbol symbol, in the next parliamentary polls.”We cannot afford to lose a single seat — we have to show this kind of attitude,” Hasina said addressing the party’s third phase of the special extended meeting at Gonobhaban in the city on Saturday.The AL chief cautioned the party leaders and workers as BSS quoted her as saying, “You have to remember that the forthcoming election would be much harder than ever.”She urged the party men to organise AL as well as its front organisations and go to the doorstep of the people to seek their votes in the next general election.“Awami League is the only political party in the country, which feels for the people and works for their welfare,” she said urging the party men to wage a rigorous campaign among the people to make them understand this message.AL general secretary Obaidul Quaader gave the welcome address while office secretary Abdus Sobhan Golap placed the motion of condolence. Publicity secretary Hasan Mahmud and deputy publicity secretary Aminul Islam conducted the meeting, reports the state news agency.The prime minister said the rural economy has been boosted up and the people have started getting a good result with their higher income side by side with enjoying the facilities of digital Bangladesh and getting scope to live better as Awami League remains in power.No political party except Awami League has ever done anything for the peasants and the working class people, she said adding, “Awami League is pledged bound to ensure that all people have homes and they do not suffer from starvation or are deprived of healthcare services and education,” she said.The prime minister called upon the party leaders and workers to plead to the people so that they give votes to the Awami League candidates as they had given in the past. At the same time, she asked the party followers to sink all internal conflicts and fight saying ““Leaders and workers have no scope to show negligence in any single constituency which may lead to their defeat and might damage the scope of forming the government,” she said.Referring to her government’s initiative for trial of the war criminals of 1971, the prime minister said this process would be stopped if Awami League cannot come to power again.“They will carry out attacks on the people, their homes and property, increase poverty rate, reduce literacy rate, suspend safety net programs and all development works like they have done in past if they come to power,” she said.So, you have to make the organization stronger to work for the people to change their lots, she said.Office bearers and leaders representing different units of Awami League at districts, upazila, pourasabha and union levels from Rangpur, Khulna, Dhaka and Mymensingh divisions took part in the third-phase extended meeting of the party.Recalling the atrocities of BNP and Jamaat ahead of the general election in 2014, the prime minister said they burnt people alive and set fire on public properties indiscriminately in the name of movement to foil the polls.But, they could not foil the election as the people stood against their evil design; she said adding that Awami League works for the people as they are the main strength of the party.Sheikh Hasina reminded her workers that the people may go to oblivion if a thing is not told to them repeatedly. The forces which are even have no faith in the independence, would do nothing for the people, she said. “So, you haveto go to the people and tell them those things constantly,” she added.The prime minister shared with the delegates one of her initiative to publish a series of book based on the intelligence reports, which were compiled against Bangabandhu during the pre-independence era, and the Agartala Conspiracy Case. This book would be very useful to learn about the country’s history and Bangabandhu’s relentless struggle for independence.Sheikh Hasina said Awami League would take part in the election in alliance with other friendly political parties. So Awami League leaders should be ready for sacrifice. Therefore, she said, all of you must work for the candidates whoever is given nomination from the party.last_img read more

Rest Easy Answers To Your Sleep Questions

first_img To embed this piece of audio in your site, please use this code: It could be the most important public service we provide on Houston Matters: We help out you and other Houstonians to get something we all desperately need: a good night’s sleep.We welcome your questions about sleep and sleep disorders for Dr. Sudha Tallavajhula, medical director for TIRR Memorial Hermann’s Neurological Sleep Disorders Center and a neurologist at the UTHealth’s McGovern Medical School. X 00:00 /16:56center_img Listen Pexels Sharelast_img

Agrosupply to Represent Uganda at Entrepreneurship Forum For Emerging Markets

first_imgOgwal Joseph; Founder and Chief Executive (Left), and Watson Atwine (Right); IT Specialist who represented the team, recivce their victory dummy air ticket at the Seedstar Kampala competition at Outbox Hub on Friday 24th, August 2018. This is Seedstars Kampala competition winners. Advertisement Seedstar World has selected 16 promising startups in Africa that will participate in the seedstar global competition in Switzerland next year. The team visited 16 countries in only 5 months in search for these startups, highlighting local startup ecosystems.“For the past five months we have made Africa our home and went on an interesting journey deep into 16 startup scenes in the Region, not only scouting for the best tech entrepreneurs but working directly with them and other passionate ecosystem builders,” said Claudia Makadristo, Regional Manager for Africa at Seedstars.The Tanzanian finalist will be announced on 10th Dec. 2018, as its the only finalist remaining. – Advertisement – These African startups emerged from various sectors including; AgricTech, FinTech, EducTech, HealthTech, Civic Tech, Mobility, Food & Beverage, among others.AgroSupply (AgricTech), who will be representing Uganda, has developed a unique mobile layaway platform allowing farmers to save money for the seeds and fertilizer using their mobile phone.Seedstar is now hosting its entrepreneurship forum for emerging markets from December 11th to 13th in Dar es Salaam, Tanzania, at Seedspace Dar es Salaam and Kisenga LAFP International Conference Center.Claudia in a statement said they’re excited to bring the entire network together in Dar es Salaam, to dive into the different ways technology and entrepreneurship can rapidly impact and improve people’s lives by tackling local social challenges directly.Some of the prominent names joining the event include; Marcello Schermer; Expansion Manager at Yoco, Eldrid Jordaan; Founder of Govchat, and Doreen Kessy; Chief Business Officer at Ubongo.The event is sponsored by I4ID, Seedspace Dar es Salaam, the Swiss Embassy in Tanzania and Zambia, Merck, and Google.“The summit will provide an opportunity to reflect and inspire with like-minded innovators and change makers, about scalable solutions for transforming services and making them more inclusive and human-centered,” Sachin Gupta, Team leader at I4ID declared.[related-posts]last_img read more