New Delhi - Beleaguered budget carrier SpiceJet would submit a revival plan to the government on Friday on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase, as per sources.
"Based on this proposed investment, SpiceJet will submit a revival plan to the civil aviation ministry tomorrow," a source said.
The potential investors are likely to buy stake from current promoter Kalanithi Maran by infusing USD 200 million within a month to help the airline stay afloat. Besides Singh, a fund managed by JP Morgan Chase would also be one of the investors, the sources said.
New York - 'Nashville' star Hayden Panettiere has shared a photo of her newborn baby, Kaya Evdokia Klitschko.
Panettiere, 25, welcomed her first child with her boxer fiance, Wladimir Klitschko, 38, on December 9, reported the New York Post.
In the picture, which Klitschko shared on his Instagram page, all three are wearing white, with Panettiere, whose blond locks are tied back in a side braid. PTI
New Delhi, Dec 25 : Union Health and Family Welfare Minister J P Nadda on Thursday said that his ministry aims to achieve full immunization coverage for all children by 2020 through a Catch-Up campaign.
Washington, Dec 25 : Office Online users will now be able to start a chat while working on Microsoft PowerPoint and Microsoft Word documents.
According to PC World, Microsoft says users will be able to continue any chats started in Office Online on Skype on the desktop or their smartphone after the file is closed.
With the addition of this new feature, Microsoft intends to make its services into cross-platform tools.
However, the new feature is not yet available in Excel or OneNote Online, the report said. (ANI)
Beijing, Dec 25 : Beijing's new airport, the construction for which is set to start on Friday, will be fully operational in five years.
According to China Daily, the project, which was given final approval by the National Development and Reform Commission last week, will involve nearly 80 billion yuan (13.1 billion dollars) of investment, making it the costliest project in China's civil aviation history.
The airport, which is yet to be named, will have the space to accommodate 72 million passengers, 2 million metric tons of cargo and 620,000 flights annually after 2025.
London, Dec 25 : Russell Crowe has asked all the middle- age d Hollywood actresses that they need to learn how to accept that they are no longer young.
The ' Gladiator' star said that there are loads of roles in Hollywood for women over 40 but believes that they only want to be cast as the young leading lady, the Daily Express reported.
He said that he thinks the woman who is saying the roles have dried up is the woman who at 40, 45, 48, still wants to play the ingenue and can't understand why she's not being cast as the 21-year-old.
Crowe comments were purportedly in response to actresses who complain about the movie industry discriminating against older women. (ANI)
London, Dec 25 : Nicole Scherzinger has recently admitted that it was her eating disorder that made her distant from her Pussy Cat Dolls' bandmates.
The American recording artist had apologized to her former bandmates Carmit Bachar, Ashley Roberts, Jessica Sutta, Melody Thornton and Kimberly Wyatt, as she feels that her Bulimia caused distance between them, the Mirror reported.
The 'Boomerang' star said that she never opened up to her bandmates to talk about her problems and would use to push them away from her, as she was battling this horrible secret illness, Bulimia.
Mumbai - Riding high on the sentiments, the stock market is gearing up for its best performance in five years with a rally of over 6,000 points in the benchmark Sensex in 2014 -- which also saw the investors' wealth hitting Rs 100 trillion level for the first time in history.
With just four days of trading left this year, the Sensex has rallied by nearly 29 percent so far in 2014 with a gain of 6,038 points -- the highest annual gain since the year 2009 when the bluechip index had rallied by 7,817 points.
Mumbai - Losing its sheen for the second year in a row, gold turned cheaper by over 10 percent in 2014 as the government tried to divert investors away from this 'unproductive asset', even as import curbs led to a rise in smuggling of the yellow metal.
For silver, the year has been even worse with a fall of about 20 percent in its price.
As the year 2014 draws to a close, gold prices have fallen to nearly Rs 26,000 per 10 grams from close to Rs 30,000 at the end of 2013.
For silver, the fall has been even sharper at about Rs 36,000 per kg from close to Rs 44,000 at the beginning of 2014.
London, Dec 25 : Portugal football team captain Cristiano Ronaldo has been voted as the number one footballer in the world overtaking Argentina skipper Lionel Messi for the top spot.
The Guardian reportedly revealed it's top 100 footballers' list in the world 2014 in its entirety and the battle for the top spot was once again between Ronaldo and Messi.
It turned in Ronaldo's favour as 74 percent of 73 judges drawn from 28 countries, which included Hernan Crespo, Didi Hamann, Slaven Bilic and Gilberto Silva among the expert panel, voted for the Real Madrid star.
Washington, Dec 25 : Now, you can just print out your favorite dishes like spaghetti, burgers and pizzas, with help of a new 3D printer machine called Foodini.
Introduced by Natural Machines, a Barcelona-based startup, the machine uses the same technology as a 3D printer, and deploys edible ingredients squeezed out of stainless steel capsules instead of plastics, said Lynette Kucsma, co-founder of the company, the CNN reported.
Kucsma added that the only tiny issue was that with plastics there was just one melting point, whereas with food it was different temperatures, consistencies and textures.
New Delhi - Online marketplace Snapdeal has partnered India Post to jointly work on bringing thousands of weavers and artisans from Varanasi through its website.
Snapdeal has launched a pilot with India Post to set-up facilitation desks at Varanasi post offices to enable local weavers to sell on its platform.
"This is an endeavour by Snapdeal and India Post to empower local artisans, small and medium entrepreneurs to sustain their livelihood by providing a platform to popularise their indigenous products," Snapdeal CEO and co-founder Kunal Bahl told PTI.
New Delhi - The Reserve Bank is likely to cut rates by 0.25 percent in February's monetary policy review as its target of six percent inflation by January 2016 is likely to be met, Bank of America Merrill Lynch has said.
"In our view, inflation is well set to achieve RBI's eight percent January 2015 and six percent January 2016 CPI inflation targets. We continue to expect Governor Raghuram Rajan to cut rates by 25 basis points on February 3," the investment banking major said in a note.
Madrid/London, Dec.25 - The NEC Corporation, a leading network, communications and information technology company, recently announced that it is the first company to test the new global oneM2M service layer standard in its Cloud City Operation Center (CCOC) solution to enable machine-to-machine device interoperability in a live smart city program.
Around the world, cities are beginning to deploy a diversity of M2M sensors to improve the efficiency of transport, lighting, irrigation and waste collection services and boost public safety levels by minimizing pollution and waste.
Chennai - Indicating that there were no more production orders for employees to work for at its Sriperumbudur unit near here, Taiwan-based electronics parts maker Foxconn on Thursday said it has completed them and all its employees were placed on "paid-holiday-leave" status.
"FIH Mobile confirms that employees at our India operation, FIH India Private Limited in Chennai, have been placed on paid-holiday-leave status from December 22 as that facility has completed all of its production orders", the Taiwan based firm said in a statement.
Mumbai - Reliance Industries Ltd on Wednesday said it had signed a long-term shipping agreement with Japan`s Mitsui OSK Lines Ltd (MOL) to transport liquefied ethane that Reliance will import from North America.
MOL will supervise the construction of six very large ethane carriers (VLECs) ordered by Reliance and operate and manage the vessels after they are built and delivered, the Indian company said in a statement.
The VLECs are being built by Samsung Heavy Industries Co Ltd and are expected to be delivered in the last quarter of 2016, MOL said separately.
The companies did not disclose the value of the deal.
Washington, Dec 25 - Chinese smartphone maker OnePlus is set to resume sales in India after a court in New Delhi upheld a complaint filed by rival company Micromax.
After Micromax nabbed an exclusive deal with Cyanogen in India for Yu, its new Android range, it objected to the sale of OnePlus smartphones that also make use of the Cyanogen Android operating system for powering its phones in all countries except China.
According to Tech Crunch, the New Delhi court plans to hear the case again on January 7 and has ordered OnePlus and Cyanogen to file written statements and documents before then, according to The Economic Times
Mumbai - The Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), Forex, Money and commodity markets will remain closed on Thursday on account of "Christmas".
Sensex yesterday slumped by nearly 300 points to end day's trade at 27,208.61 due to heavy profit-booking, chiefly in IT, oil & gas and power shares, ignoring government approving the ordinance route to implement insurance and coal reforms.
The BSE 30-share index traded in the positive terrain in early trade but could not to keep the gains and fell sharply o 27,208.61, a fall of 297.85 points or 1.08 percent, due to selling pressure emerged in the last hour of day's trading. PTI
New Delhi: Promoter entities of three companies of Anil Ambani-led Reliance Group -- RCOM, R-Infra and R-Power -- have pledged shares that are worth about Rs 3,700 crore at the current market value.
The pledging of shares was disclosed in separate regulatory filings by the three companies, two of whom had no share encumbrance earlier.
As per Reliance Communications, its promoter entity, Reliance Communications Enterprises Private Limited, pledged 13.5 crore shares on December 22 with Axis Trustee Services, while 6 crore shares were pledged with IndusInd Bank.
At the current market price, these shares are worth over Rs 1,547 crore.
Kolkata : It will be a special homecoming for Indian golfer Arjun Atwal, who recently won the Dubai Open, when he tees off at the prestigious Royal Calcutta Golf Club (RCGC) for the Rs 1.5 crore McLeod Russel Tour Championship, here on Thursday.
Atwal, who battled career-threatening back injury and earned his first career victory in four years clinching the Dubai Open title, will be the star attraction in a field that boosts of the likes of Gaganjeet Bhullar, SSP Chowrasia and Rahil Gangjee -- all playing on sponsor's invite.
- Toshiba, United Technologies ink agreement for global growth in HVAC solutions
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- HCL Technologies Q1 Net up 32.3% at Rs 1,873 crore