1. AIBA bans boxer Sarita Devi for one year Indian woman boxer L Sarita Devi was today handed a one-year ban by
the International Boxing Association (AIBA) for refusing to accept her bronze medal at the Asian Games but the punishment is unlikely to hurt her career too badly as she would be available to compete in the 2016 Olympic qualifiers.
Sarita, who had refused to accept the medal to protest her controversial semifinal bout loss, has been banned retrospectively from October 1, 2014 to October 1, 2015 and fined 1,000 swiss francs.
Although her repeated apologies failed in getting her AIBA’s pardon, even this ban is quite a relief for the lightweight (60kg) boxer, who is currently nursing a broken right wrist.Sarita, who had refused to accept the medal to protest her controversial semifinal bout loss, has been banned retrospectively from October 1, 2014 to October 1, 2015 and fined 1,000 swiss francs.
“The ban period starts from the day of medal ceremony, that is October 1, 2014. It is a huge relief that all the fears of her being banned for life or her career being over have not come true. She is now available to compete in the 2016 Women’s World Championships, which are also the Olympic qualifiers,” Boxing India President Sandeep Jajodia told reporters.
“She is out of action till February at least because of the wrist injury and after that she can train like usual and make a comeback once the ban period is over,” he added.
Also reprieved was national men’s coach Gurbax Singh Sandhu, who had been provisionally suspended along with two other coaches, for not doing enough to restrain Sarita. AIBA’s disciplinary committee found him not guilty of the charge.
However, India’s Cuban coach Blas Iglesias Fernandes was not so lucky and was the worst hit by AIBA’s ire. The Cuban, who has been attached to the Indian men’s team, was banned for two years and fined 2,000 swiss francs. His ban is also effective from October 1, 2014.
2. Union Government banned terror group ISIS in India
The Union Government banned Islamic State of Iraq and Syria (ISIS) under Unlawful Activities (Prevention) Act. The action came few days after an engineer was detained for running a popular Twitter account that praised the militant group’s military campaign.
The aim of the ban is to limit the activities of the West Asia group which has carved out swathes of territory in Iraq and Syria.
3. Telugu music director Chakri died of heart attack
Telugu music director Chakradhar or Chakri died due to heart attack in Hyderabad. He was 60.
4. Indian-origin Shriti Vadera appointed as the Chairman of Santander UK Bank
Indian-origin Shriti Vadera was appointed as the Chairman of Santander UK, a major British bank. She will be the first woman to head a major British Bank.
Vadera will join the board of Santander UK Bank as Joint Deputy Chairman in January 2015 and later in March 2015 she will succeed Lord Burns as Chairman of the Bank.
5. Rio 2016 Olympic and Paralympic mascots named Vinicius and Tom
The Rio 2016 Olympics and Paralympics Games mascot have been named as Vinicius and Tom, respectively. The names were declared after they were chosen by a public vote that was conducted over the past three weeks, since the mascots were unveiled.
Mascot Vinicius is a yellow feline animal similar to cat and represents Brazil’s rich fauna and wildlife. Tom is a blue and green figure with leaves that covers it head and presents country’s diverse and rich flora.
Vinicius and Tom were chosen ahead of the other two shortlisted pairs of names: Oba and Eba, and Tiba Tuque and Esquindim.
The names are in honour of Brazilian musicians and partners Vinicius de Moraes and Tom Jobim. They were exponents of Bossa Nova music, the musical movement that got the whole world singing about the beauty of Rio de Janeiro. They were also the creators of the famous song, The Girl from Ipanema.
2016 Olympics scheduled to be held from 5 August to 21 August 2016 will be the first one to be held in the continent of South America.
6. HDFC Bank launched mobile banking facility Bank Aap Ki Muththi Mein
HDFC Bank launched mobile banking facility Bank Aap Ki Muththi Mein. An initiative which turns a mobile phone into a bank branch.
The facility will offer over 75 transactions.These are both financial and non-financial transactions that one needs in their daily life.
It is by far the largest offering of its kind by any bank in India.
Banking facility will work on both a smartphone as well as a basic phone that supports internet browsing. For phones that do not support internet browsing, there is SMS-banking and missed-call banking. It is technology agnostic and will run on all mobile devices' popular technology platforms.
All that a customer needs to do is send a text to or call a toll free number to know his account balance, get a mini statement, request a check book or detailed account statement.
The initiative is a part of the bank's digital banking offering christened GoDigital.
7. Bharti Airtel sold over 1100 mobile towers in Zambia, Rwanda to IHS
Bharti Airtel sold over 1100 telecom towers in Zambia and Rwanda to IHS Holding. The amount was not disclosed by the company.
American Tower and Airtel are expected to close the deal during the first half of 2015, subject to regulatory approvals. According to reports, American Towers values the deal at around 1.05 billion US dolla.
This is fourth such deal since July 2014 in the African market. The deal is a part of the 10-year renewable contract, Bharti Airtel will lease back the towers from IHS.
Bharti Airtel entered Africa in 2010 with the acquisition of Zain Telecom for about 10.7 billion US dollar.
8. ‘Alibaba founder Jack Ma biggest billionaire gainer of 2014’
Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, a report says.
According to private wealth consultancy, Wealth-X, the former English teacher-turned billionaire entrepreneur is the biggest gainer of this year as his fortune increased 173 per cent, largely due to Alibaba’s blockbuster IPO in September and the subsequent strong performance of the company’s stock.
Legendary investor Warren Buffett stood at second place on the Wealth-X list of this year’s top gainers.
The Berkshire Hathaway chairman raked in USD 13.5 billion in 2014, a 23 per cent increase from last year, to push his fortune to USD 72.6 billion.
Meanwhile, the world’s richest man, Bill Gates, saw his net worth grow by USD 10.5 billion in 2014 to reach USD 83.1 billion, earning him third place on the Wealth-X ranking of this year’s biggest gainers.
The top five biggest gainers of this year also include, Mark Zuckerberg, ranked fourth on the list as his fortune rose by USD 8.4 billion to USD 33.1 billion, followed by telecommunications company Altice’s founder Patrick Drahi whose fortune increased by USD 5.1 billion to USD 12.9 billion.
9. NASA’s Curiosity rover detects organic matter on Mars
NASA’s Mars rover Curiosity has made the first definitive detection of organic molecules, the building blocks of all known forms of terrestrial life, on the surface of the Red Planet.
The team responsible for the Sample Analysis at Mars (SAM) instrument suite on Curiosity found the organic molecules in a drilled sample of the Sheepbed mudstone in Gale crater, the landing site for the Curiosity rover.
Organic molecules consist of a wide variety of molecules made primarily of carbon, hydrogen, and oxygen atoms.
However, organic molecules can also be made by chemical reactions that don’t involve life, and there is not enough evidence to tell if the matter found by the team came from ancient Martian life or from a non-biological process.
Examples of non-biological sources include chemical reactions in water at ancient Martian hot springs or delivery of organic material to Mars by interplanetary dust or comets.
Scientists believe the Gale crater was once the site of a lake billions of years ago, and rocks like mudstone formed from sediment in the lake.
Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, a report says.
According to private wealth consultancy, Wealth-X, the former English teacher-turned billionaire entrepreneur is the biggest gainer of this year as his fortune increased 173 per cent, largely due to Alibaba’s blockbuster IPO in September and the subsequent strong performance of the company’s stock.
Legendary investor Warren Buffett stood at second place on the Wealth-X list of this year’s top gainers.
The Berkshire Hathaway chairman raked in USD 13.5 billion in 2014, a 23 per cent increase from last year, to push his fortune to USD 72.6 billion.
Meanwhile, the world’s richest man, Bill Gates, saw his net worth grow by USD 10.5 billion in 2014 to reach USD 83.1 billion, earning him third place on the Wealth-X ranking of this year’s biggest gainers.
The top five biggest gainers of this year also include, Mark Zuckerberg, ranked fourth on the list as his fortune rose by USD 8.4 billion to USD 33.1 billion, followed by telecommunications company Altice’s founder Patrick Drahi whose fortune increased by USD 5.1 billion to USD 12.9 billion.
9. NASA’s Curiosity rover detects organic matter on Mars
NASA’s Mars rover Curiosity has made the first definitive detection of organic molecules, the building blocks of all known forms of terrestrial life, on the surface of the Red Planet.
The team responsible for the Sample Analysis at Mars (SAM) instrument suite on Curiosity found the organic molecules in a drilled sample of the Sheepbed mudstone in Gale crater, the landing site for the Curiosity rover.
Organic molecules consist of a wide variety of molecules made primarily of carbon, hydrogen, and oxygen atoms.
However, organic molecules can also be made by chemical reactions that don’t involve life, and there is not enough evidence to tell if the matter found by the team came from ancient Martian life or from a non-biological process.
Examples of non-biological sources include chemical reactions in water at ancient Martian hot springs or delivery of organic material to Mars by interplanetary dust or comets.
Scientists believe the Gale crater was once the site of a lake billions of years ago, and rocks like mudstone formed from sediment in the lake.
10. SpiceJet operations grounded as oil marketing companies stop fuel supply
Flight operations of cash-strapped SpiceJet were grounded today due to non-supply of jet fuel by oil marketing companies.
“Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies,” sources told PTI.
The state-run oil marketing firms have not yet taken a decision on the resumption of jet fuel supply to SpiceJet on a two-week credit facility, they said.
When contacted, an airline spokesperson said operations were likely to be “normal” shortly.
Coming out to the rescue of the beleaguered carrier, the Civil Aviation Ministry had yesterday said it will request the oil companies and the airport operators to extend a 15-day credit facility to SpiceJet to save the airline from shutting down.
The Aviation Ministry had said it may request Indian banks/financial institutions to extended loans up to Rs. 600 crore to the airline as part of measures to keep the carrier functional.
Besides, it will also request the Finance Ministry to permit external commercial borrowing (ECB) for working capital as special dispensation.
The measures, however, comes with a rider that the beleaguered airline will commit capital infusion at the earliest.
The measures came after SpiceJet Chief Operating Officer Sanjiv Kapoor, along with Sun Group CFO S L Narayanan, met the Civil Aviation Minister and DGCA Prabhat Kumar, on Monday and sought the Government’s help to overcome the crisis.
Flight operations of cash-strapped SpiceJet were grounded today due to non-supply of jet fuel by oil marketing companies.
“Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies,” sources told PTI.
The state-run oil marketing firms have not yet taken a decision on the resumption of jet fuel supply to SpiceJet on a two-week credit facility, they said.
When contacted, an airline spokesperson said operations were likely to be “normal” shortly.
Coming out to the rescue of the beleaguered carrier, the Civil Aviation Ministry had yesterday said it will request the oil companies and the airport operators to extend a 15-day credit facility to SpiceJet to save the airline from shutting down.
The Aviation Ministry had said it may request Indian banks/financial institutions to extended loans up to Rs. 600 crore to the airline as part of measures to keep the carrier functional.
Besides, it will also request the Finance Ministry to permit external commercial borrowing (ECB) for working capital as special dispensation.
The measures, however, comes with a rider that the beleaguered airline will commit capital infusion at the earliest.
The measures came after SpiceJet Chief Operating Officer Sanjiv Kapoor, along with Sun Group CFO S L Narayanan, met the Civil Aviation Minister and DGCA Prabhat Kumar, on Monday and sought the Government’s help to overcome the crisis.
11. PETA India names ex-SC judge ‘Man of the Year’
Bollywood actress Jacqueline Fernandez and former Supreme Court judge KS Radhakrishnan have been given PETA India’s People of the Year award for their contribution towards the protection of animals.
The animal rights organisation named Ms. Fernandez as ‘Woman of the Year’ and justice (retd) Radhakrishnan as ‘Man of the Year’.
“Justice (Retd) Radhakrishnan and Fernandez are role models who uphold this mandate for kindness to animals through the actions they take, as we all should,” PETA U.K. director Mimi Bekhechi, said.
Bollywood actress Jacqueline Fernandez and former Supreme Court judge KS Radhakrishnan have been given PETA India’s People of the Year award for their contribution towards the protection of animals.
The animal rights organisation named Ms. Fernandez as ‘Woman of the Year’ and justice (retd) Radhakrishnan as ‘Man of the Year’.
“Justice (Retd) Radhakrishnan and Fernandez are role models who uphold this mandate for kindness to animals through the actions they take, as we all should,” PETA U.K. director Mimi Bekhechi, said.
12. Axis bank opens all women branch, focuses digital
Axis Bank, India’s third largest private sector Bank, has opened its first All Women Branch in Patna, Bihar.
“Women play an important role in managing household savings and we believe that this all Women Branch will help increase the participation of this segment in the banking industry,” said Rajiv Anand, Group Executive – Retail Banking, Axis Bank.
Axis Bank also offers its mobile app ‘Axis Mobile 2.0’ with high level of personalisation, allowing users to customise their mobile banking experience, depending on the user segment (Youth, Premium& Prime segments).
“To increase customer security, the bank has recently introduced ‘e-surveillance’ facility, a service that allows a 24x7, 365 days Centrally Monitored Automated Security of ATMs. This initiative underscores the bank’s objective of providing advanced security and simplified service to its customers, the bank said.
“The innovative, personalized multi-channel banking experience like Self Service ATMs, Internet banking, Mobile app and social media interface would henceforth be the driving force in our Bank’s Digital strategy,” Anand added.
The bank highlighted there is growth in ownership of mobile and other electronic devices, driving digital banking and over 80 per cent of the transactions to happen through digital channels in FY15.
Axis Bank, India’s third largest private sector Bank, has opened its first All Women Branch in Patna, Bihar.
“Women play an important role in managing household savings and we believe that this all Women Branch will help increase the participation of this segment in the banking industry,” said Rajiv Anand, Group Executive – Retail Banking, Axis Bank.
Axis Bank also offers its mobile app ‘Axis Mobile 2.0’ with high level of personalisation, allowing users to customise their mobile banking experience, depending on the user segment (Youth, Premium& Prime segments).
“To increase customer security, the bank has recently introduced ‘e-surveillance’ facility, a service that allows a 24x7, 365 days Centrally Monitored Automated Security of ATMs. This initiative underscores the bank’s objective of providing advanced security and simplified service to its customers, the bank said.
“The innovative, personalized multi-channel banking experience like Self Service ATMs, Internet banking, Mobile app and social media interface would henceforth be the driving force in our Bank’s Digital strategy,” Anand added.
The bank highlighted there is growth in ownership of mobile and other electronic devices, driving digital banking and over 80 per cent of the transactions to happen through digital channels in FY15.
1. AIBA bans boxer Sarita Devi for one year Indian woman boxer L Sarita Devi was today handed a one-year ban by
the International Boxing Association (AIBA) for refusing to accept her bronze medal at the Asian Games but the punishment is unlikely to hurt her career too badly as she would be available to compete in the 2016 Olympic qualifiers.
Sarita, who had refused to accept the medal to protest her controversial semifinal bout loss, has been banned retrospectively from October 1, 2014 to October 1, 2015 and fined 1,000 swiss francs.
Although her repeated apologies failed in getting her AIBA’s pardon, even this ban is quite a relief for the lightweight (60kg) boxer, who is currently nursing a broken right wrist.Sarita, who had refused to accept the medal to protest her controversial semifinal bout loss, has been banned retrospectively from October 1, 2014 to October 1, 2015 and fined 1,000 swiss francs.
“The ban period starts from the day of medal ceremony, that is October 1, 2014. It is a huge relief that all the fears of her being banned for life or her career being over have not come true. She is now available to compete in the 2016 Women’s World Championships, which are also the Olympic qualifiers,” Boxing India President Sandeep Jajodia told reporters.
“She is out of action till February at least because of the wrist injury and after that she can train like usual and make a comeback once the ban period is over,” he added.
Also reprieved was national men’s coach Gurbax Singh Sandhu, who had been provisionally suspended along with two other coaches, for not doing enough to restrain Sarita. AIBA’s disciplinary committee found him not guilty of the charge.
However, India’s Cuban coach Blas Iglesias Fernandes was not so lucky and was the worst hit by AIBA’s ire. The Cuban, who has been attached to the Indian men’s team, was banned for two years and fined 2,000 swiss francs. His ban is also effective from October 1, 2014.
2. Union Government banned terror group ISIS in India
The Union Government banned Islamic State of Iraq and Syria (ISIS) under Unlawful Activities (Prevention) Act. The action came few days after an engineer was detained for running a popular Twitter account that praised the militant group’s military campaign.
The aim of the ban is to limit the activities of the West Asia group which has carved out swathes of territory in Iraq and Syria.
3. Telugu music director Chakri died of heart attack
Telugu music director Chakradhar or Chakri died due to heart attack in Hyderabad. He was 60.
4. Indian-origin Shriti Vadera appointed as the Chairman of Santander UK Bank
Indian-origin Shriti Vadera was appointed as the Chairman of Santander UK, a major British bank. She will be the first woman to head a major British Bank.
Vadera will join the board of Santander UK Bank as Joint Deputy Chairman in January 2015 and later in March 2015 she will succeed Lord Burns as Chairman of the Bank.
5. Rio 2016 Olympic and Paralympic mascots named Vinicius and Tom
The Rio 2016 Olympics and Paralympics Games mascot have been named as Vinicius and Tom, respectively. The names were declared after they were chosen by a public vote that was conducted over the past three weeks, since the mascots were unveiled.
Mascot Vinicius is a yellow feline animal similar to cat and represents Brazil’s rich fauna and wildlife. Tom is a blue and green figure with leaves that covers it head and presents country’s diverse and rich flora.
Vinicius and Tom were chosen ahead of the other two shortlisted pairs of names: Oba and Eba, and Tiba Tuque and Esquindim.
The names are in honour of Brazilian musicians and partners Vinicius de Moraes and Tom Jobim. They were exponents of Bossa Nova music, the musical movement that got the whole world singing about the beauty of Rio de Janeiro. They were also the creators of the famous song, The Girl from Ipanema.
2016 Olympics scheduled to be held from 5 August to 21 August 2016 will be the first one to be held in the continent of South America.
6. HDFC Bank launched mobile banking facility Bank Aap Ki Muththi Mein
HDFC Bank launched mobile banking facility Bank Aap Ki Muththi Mein. An initiative which turns a mobile phone into a bank branch.
The facility will offer over 75 transactions.These are both financial and non-financial transactions that one needs in their daily life.
It is by far the largest offering of its kind by any bank in India.
Banking facility will work on both a smartphone as well as a basic phone that supports internet browsing. For phones that do not support internet browsing, there is SMS-banking and missed-call banking. It is technology agnostic and will run on all mobile devices' popular technology platforms.
All that a customer needs to do is send a text to or call a toll free number to know his account balance, get a mini statement, request a check book or detailed account statement.
The initiative is a part of the bank's digital banking offering christened GoDigital.
7. Bharti Airtel sold over 1100 mobile towers in Zambia, Rwanda to IHS
Bharti Airtel sold over 1100 telecom towers in Zambia and Rwanda to IHS Holding. The amount was not disclosed by the company.
American Tower and Airtel are expected to close the deal during the first half of 2015, subject to regulatory approvals. According to reports, American Towers values the deal at around 1.05 billion US dolla.
This is fourth such deal since July 2014 in the African market. The deal is a part of the 10-year renewable contract, Bharti Airtel will lease back the towers from IHS.
Bharti Airtel entered Africa in 2010 with the acquisition of Zain Telecom for about 10.7 billion US dollar.
8. ‘Alibaba founder Jack Ma biggest billionaire gainer of 2014’
Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, a report says.
According to private wealth consultancy, Wealth-X, the former English teacher-turned billionaire entrepreneur is the biggest gainer of this year as his fortune increased 173 per cent, largely due to Alibaba’s blockbuster IPO in September and the subsequent strong performance of the company’s stock.
Legendary investor Warren Buffett stood at second place on the Wealth-X list of this year’s top gainers.
The Berkshire Hathaway chairman raked in USD 13.5 billion in 2014, a 23 per cent increase from last year, to push his fortune to USD 72.6 billion.
Meanwhile, the world’s richest man, Bill Gates, saw his net worth grow by USD 10.5 billion in 2014 to reach USD 83.1 billion, earning him third place on the Wealth-X ranking of this year’s biggest gainers.
The top five biggest gainers of this year also include, Mark Zuckerberg, ranked fourth on the list as his fortune rose by USD 8.4 billion to USD 33.1 billion, followed by telecommunications company Altice’s founder Patrick Drahi whose fortune increased by USD 5.1 billion to USD 12.9 billion.
9. NASA’s Curiosity rover detects organic matter on Mars
NASA’s Mars rover Curiosity has made the first definitive detection of organic molecules, the building blocks of all known forms of terrestrial life, on the surface of the Red Planet.
The team responsible for the Sample Analysis at Mars (SAM) instrument suite on Curiosity found the organic molecules in a drilled sample of the Sheepbed mudstone in Gale crater, the landing site for the Curiosity rover.
Organic molecules consist of a wide variety of molecules made primarily of carbon, hydrogen, and oxygen atoms.
However, organic molecules can also be made by chemical reactions that don’t involve life, and there is not enough evidence to tell if the matter found by the team came from ancient Martian life or from a non-biological process.
Examples of non-biological sources include chemical reactions in water at ancient Martian hot springs or delivery of organic material to Mars by interplanetary dust or comets.
Scientists believe the Gale crater was once the site of a lake billions of years ago, and rocks like mudstone formed from sediment in the lake.
Alibaba founder and executive chairman Jack Ma is this year’s biggest financial gainer as the billionaire entrepreneur’s fortune has swelled by a whopping USD 18.5 billion this year to USD 29.2 billion, a report says.
According to private wealth consultancy, Wealth-X, the former English teacher-turned billionaire entrepreneur is the biggest gainer of this year as his fortune increased 173 per cent, largely due to Alibaba’s blockbuster IPO in September and the subsequent strong performance of the company’s stock.
Legendary investor Warren Buffett stood at second place on the Wealth-X list of this year’s top gainers.
The Berkshire Hathaway chairman raked in USD 13.5 billion in 2014, a 23 per cent increase from last year, to push his fortune to USD 72.6 billion.
Meanwhile, the world’s richest man, Bill Gates, saw his net worth grow by USD 10.5 billion in 2014 to reach USD 83.1 billion, earning him third place on the Wealth-X ranking of this year’s biggest gainers.
The top five biggest gainers of this year also include, Mark Zuckerberg, ranked fourth on the list as his fortune rose by USD 8.4 billion to USD 33.1 billion, followed by telecommunications company Altice’s founder Patrick Drahi whose fortune increased by USD 5.1 billion to USD 12.9 billion.
9. NASA’s Curiosity rover detects organic matter on Mars
NASA’s Mars rover Curiosity has made the first definitive detection of organic molecules, the building blocks of all known forms of terrestrial life, on the surface of the Red Planet.
The team responsible for the Sample Analysis at Mars (SAM) instrument suite on Curiosity found the organic molecules in a drilled sample of the Sheepbed mudstone in Gale crater, the landing site for the Curiosity rover.
Organic molecules consist of a wide variety of molecules made primarily of carbon, hydrogen, and oxygen atoms.
However, organic molecules can also be made by chemical reactions that don’t involve life, and there is not enough evidence to tell if the matter found by the team came from ancient Martian life or from a non-biological process.
Examples of non-biological sources include chemical reactions in water at ancient Martian hot springs or delivery of organic material to Mars by interplanetary dust or comets.
Scientists believe the Gale crater was once the site of a lake billions of years ago, and rocks like mudstone formed from sediment in the lake.
10. SpiceJet operations grounded as oil marketing companies stop fuel supply
Flight operations of cash-strapped SpiceJet were grounded today due to non-supply of jet fuel by oil marketing companies.
“Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies,” sources told PTI.
The state-run oil marketing firms have not yet taken a decision on the resumption of jet fuel supply to SpiceJet on a two-week credit facility, they said.
When contacted, an airline spokesperson said operations were likely to be “normal” shortly.
Coming out to the rescue of the beleaguered carrier, the Civil Aviation Ministry had yesterday said it will request the oil companies and the airport operators to extend a 15-day credit facility to SpiceJet to save the airline from shutting down.
The Aviation Ministry had said it may request Indian banks/financial institutions to extended loans up to Rs. 600 crore to the airline as part of measures to keep the carrier functional.
Besides, it will also request the Finance Ministry to permit external commercial borrowing (ECB) for working capital as special dispensation.
The measures, however, comes with a rider that the beleaguered airline will commit capital infusion at the earliest.
The measures came after SpiceJet Chief Operating Officer Sanjiv Kapoor, along with Sun Group CFO S L Narayanan, met the Civil Aviation Minister and DGCA Prabhat Kumar, on Monday and sought the Government’s help to overcome the crisis.
Flight operations of cash-strapped SpiceJet were grounded today due to non-supply of jet fuel by oil marketing companies.
“Not even a single flight has taken off till this morning due to fuel supply issue with the oil companies,” sources told PTI.
The state-run oil marketing firms have not yet taken a decision on the resumption of jet fuel supply to SpiceJet on a two-week credit facility, they said.
When contacted, an airline spokesperson said operations were likely to be “normal” shortly.
Coming out to the rescue of the beleaguered carrier, the Civil Aviation Ministry had yesterday said it will request the oil companies and the airport operators to extend a 15-day credit facility to SpiceJet to save the airline from shutting down.
The Aviation Ministry had said it may request Indian banks/financial institutions to extended loans up to Rs. 600 crore to the airline as part of measures to keep the carrier functional.
Besides, it will also request the Finance Ministry to permit external commercial borrowing (ECB) for working capital as special dispensation.
The measures, however, comes with a rider that the beleaguered airline will commit capital infusion at the earliest.
The measures came after SpiceJet Chief Operating Officer Sanjiv Kapoor, along with Sun Group CFO S L Narayanan, met the Civil Aviation Minister and DGCA Prabhat Kumar, on Monday and sought the Government’s help to overcome the crisis.
11. PETA India names ex-SC judge ‘Man of the Year’
Bollywood actress Jacqueline Fernandez and former Supreme Court judge KS Radhakrishnan have been given PETA India’s People of the Year award for their contribution towards the protection of animals.
The animal rights organisation named Ms. Fernandez as ‘Woman of the Year’ and justice (retd) Radhakrishnan as ‘Man of the Year’.
“Justice (Retd) Radhakrishnan and Fernandez are role models who uphold this mandate for kindness to animals through the actions they take, as we all should,” PETA U.K. director Mimi Bekhechi, said.
Bollywood actress Jacqueline Fernandez and former Supreme Court judge KS Radhakrishnan have been given PETA India’s People of the Year award for their contribution towards the protection of animals.
The animal rights organisation named Ms. Fernandez as ‘Woman of the Year’ and justice (retd) Radhakrishnan as ‘Man of the Year’.
“Justice (Retd) Radhakrishnan and Fernandez are role models who uphold this mandate for kindness to animals through the actions they take, as we all should,” PETA U.K. director Mimi Bekhechi, said.
12. Axis bank opens all women branch, focuses digital
Axis Bank, India’s third largest private sector Bank, has opened its first All Women Branch in Patna, Bihar.
“Women play an important role in managing household savings and we believe that this all Women Branch will help increase the participation of this segment in the banking industry,” said Rajiv Anand, Group Executive – Retail Banking, Axis Bank.
Axis Bank also offers its mobile app ‘Axis Mobile 2.0’ with high level of personalisation, allowing users to customise their mobile banking experience, depending on the user segment (Youth, Premium& Prime segments).
“To increase customer security, the bank has recently introduced ‘e-surveillance’ facility, a service that allows a 24x7, 365 days Centrally Monitored Automated Security of ATMs. This initiative underscores the bank’s objective of providing advanced security and simplified service to its customers, the bank said.
“The innovative, personalized multi-channel banking experience like Self Service ATMs, Internet banking, Mobile app and social media interface would henceforth be the driving force in our Bank’s Digital strategy,” Anand added.
The bank highlighted there is growth in ownership of mobile and other electronic devices, driving digital banking and over 80 per cent of the transactions to happen through digital channels in FY15.
Axis Bank, India’s third largest private sector Bank, has opened its first All Women Branch in Patna, Bihar.
“Women play an important role in managing household savings and we believe that this all Women Branch will help increase the participation of this segment in the banking industry,” said Rajiv Anand, Group Executive – Retail Banking, Axis Bank.
Axis Bank also offers its mobile app ‘Axis Mobile 2.0’ with high level of personalisation, allowing users to customise their mobile banking experience, depending on the user segment (Youth, Premium& Prime segments).
“To increase customer security, the bank has recently introduced ‘e-surveillance’ facility, a service that allows a 24x7, 365 days Centrally Monitored Automated Security of ATMs. This initiative underscores the bank’s objective of providing advanced security and simplified service to its customers, the bank said.
“The innovative, personalized multi-channel banking experience like Self Service ATMs, Internet banking, Mobile app and social media interface would henceforth be the driving force in our Bank’s Digital strategy,” Anand added.
The bank highlighted there is growth in ownership of mobile and other electronic devices, driving digital banking and over 80 per cent of the transactions to happen through digital channels in FY15.
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