SpiceJet shares soar 17% on CCI nod for capital infusion plan

Mumbai: Shares of SpiceJet surged more than 17 percent in morning trade today after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier.

Under the revival plan, Singh would infuse Rs 1,500 crore into the carrier after acquiring over 58 per cent stake from outgoing promoters, Marans.

The scrip, listed on the BSE, jumped 17.79 per cent to Rs 23.50. It had opened at Rs 22.80 and touched an intra-day high of Rs 23.50.

At the current price, the carrier has a market valuation of more than Rs 1,400 crore.

Shares of the company had closed at Rs 19.95 on Thursday.

In a regulatory filing today, SpiceJet said Competition Commission of India (CCI) has approved Singh's proposal to acquire majority stake in the carrier.

Hookah smokers breathe in higher quantities of heavy metals than believed

Washington, Feb 20 : According to a new study, when smoking hookah, only a minimal amount of heavy metals are removed in the "filtration" process, suggesting that shisha pipes are not as toxin-free as previously believed.

Research of the German Jordanian University and the Royal Scientific Society Amman-Jordan showed that on average, 3 percent of heavy metals present in tobacco are removed and this would not be enough to protect users from exposure to these toxins.

Shisha is often thought to be less severe than cigarette smoking due to 'filtering' by bubbling through water. Yet, we know that a typical shisha smoking session, which can last up to an hour, can expose someone to 100-200 times the volume of smoke in a single cigarette.

Tottenham held to first leg draw in Europa League by Fiorentina

London, Feb 20 - ACF Fiorentina held Tottenham Hotspur to a round of 32 first-leg 1-1 draw in the Europa League at the White Hart Lane and the Premier League side now faces a battle to remain in the European league.

Roberto Soldado volleyed in a sixth-minute opener from Paulinho's corner to give Tottenham the lead and help them dominate the opening half-hour.

However, Argentine centre-back Jose Maria Basanta scrambled in an away goal to give Vincenzo Montella's side the edge ahead of next week's second leg, the BBC reported.

Nacer Chadli hit the bar for Tottenham, who faded after half time, as both the sides failed to score another goal.

Indian hotel company Stayzilla raises 20 mln dollars in series B round funding

Washington, Feb 20 - Stayzilla, an India-based service that combines regular hotel bookings with short-term, Airbnb -style rentals, has raised 20 million dollars in series B round for its hybrid se

MAVEN spacecraft accomplishes first Martian deep-dip campaign

Washington, Feb 20 - NASA's Mars Atmosphere and Volatile Evolution has completed the first of five deep-dip maneuvers designed to gather measurements closer to the lower end of the Martian upper atmosphere.

Bruce Jakosky of the University of Colorado said that during normal science mapping, they make measurements between an altitude of about 150 km and 6,200 km (93 miles and 3,853 miles) above the surface and during the deep-dip campaigns, they lower the lowest altitude in the orbit, known as periapsis, to about 125 km (78 miles) which allows them to take measurements throughout the entire upper atmosphere.

Lady Gaga shares details of her 'customized' engagement ring

Melbourne, Feb 20 - Lady Gaga's fiance Taylor Kinney went an extra mile to add personal detailing to the engagement ring he gifted to the singer.

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