National
SpiceJet’s Board approves allotment of 4.01 cr shares to two investors, raises additional Rs 316 cr
New Delhi, Feb 22 (IANS) SpiceJet on Thursday said that the Preferential Allotment Committee had approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund Limited.
Additionally, the Committee sanctioned the allotment of 2.31 crore warrants, offering the option to apply for and be allotted an equivalent number of equity shares, to four investors, including Elara India Opportunities Fund Limited.
The airline spokesperson said that SpiceJet has also raised an additional Rs 316 crore, bringing the total investments raised to Rs 1,060 crore under its preferential issue.
Ajay Singh, Chairman and Managing Director, SpiceJet, said, “The company has raised a total investment of Rs 1,060 crore. This significant capital infusion reaffirms investor confidence in SpiceJet’s growth prospects and strengthens our financial position for the future. With this additional funding, we are well-equipped to pursue our expansion plans and enhance our operational capabilities.”
“The overwhelming response that we have received from investors has been incredibly encouraging. It has broadened our perspective on the potential opportunities ahead,” said Singh.
In January, SpiceJet had allotted shares and warrants amounting to a total of Rs 744 crore in the first tranche of its preferential issue.
–IANS
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National
Free bus service from Shimla to President's summer retreat in Mashobra
New Delhi, July 27 (IANS) The presidential residence will provide a free bus service to tourists to the President’s summer retreat in Shimla.
The Shimla to Mashobra service was started to celebrate President Draupadi Murmu’s two years in office on July 25.
The Rashtrapati Niwas at Mashobra in Himachal’s Shimla District opened its doors to the public in April 2023.
The complimentary bus service of the Himachal Road Transport Corporation operates from the lift parking at Mall Road, Shimla on Friday, Saturday and Sunday.
Ajay Bhardwaj, a guide at the presidential residence said that visitors can explore the 174-year-old Rashtrapati Niwas, nature trails and other parts of the building including its lawns and parks.
Shimla is a city that is rich in historic buildings from the British colonial era.
Constructed in 1850 by the King of Koti in European architectural style, the Rashtrapati Niwas, previously known as the Retreat Building, is one of four existing presidential residences in India.
The other three are, Rashtrapati Ashiana a Presidential retreat in Dehradun, Rashtrapati Nilayam in Telangana and Rashtrapati Bhavan, the official residence of the President, in New Delhi.
–IANS
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National
J&K: Army soldier, Pakistani terrorist killed in Kupwara encounter (3rd Ld)
Srinagar, July 27 (IANS) One Pakistani terrorist and an Indian army soldier were killed on Saturday in the exchange of fire on the Line of Control (LoC) in Jammu & Kashmir’s Kupwara district.
The Defence Ministry said in a statement: “Taking advantage of bad weather and poor visibility along the LoC in Machhal Sector, a group of two to three armed personnel crossed the LoC and fired on a forward Army post from close proximity.”
“Alert troops responded vigorously and in the ensuing exchange of fire. One Pakistani intruder was killed,” as per the statement, adding that weapons, ammunition and war-like supplies were also recovered.
“Identification and affiliation of this Pakistani national is being ascertained. During this intense fire exchange, two of our brave soldiers also suffered some grave injuries and were immediately evacuated to Base Hospital at Srinagar,” according to the Ministry’s statement.
“Unfortunately, one of these bravehearts has succumbed to his injuries. The other brave is responding well to treatment and care and is presently stable,” it added.
Similar attempts have been made by infiltrators in the past, actively aided and abetted by Pakistan Army.
“Indian Army is firm in its resolve and commitment to maintain the sanctity of the Line of Control and defeat the nefarious and inimical designs of Pakistan,” the statement said.
–IANS
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National
Disillusioned Ajit Pawar loyalist joins Sharad Pawar party; may get MLA ticket
Chhatrapati Sambhajinagar (Maharashtra), July 27 (IANS) In a pre-election jolt to the ruling ally Nationalist Congress Party’s Deputy CM Ajit Pawar, a senior leader from Parbhani, Abdullah Babajani Khan Durrani, MLC, crossed over to the Nationalist Congress Party (SP), led by Sharad Pawar, here on Saturday.
Babajani, as he is commonly known, functioned as the NCP’s Parbhani district president and was welcomed to the NCP (SP) fold by Sharad Pawar and other senior leaders.
Political circles were agog with speculation over Babajani’s moves amid backdoor talks with the NCP (SP) and finally, he cleared the air on Saturday on his decision.
Sharad Pawar said that many people who joined (Ajit Pawar) felt they had gone astray and were in touch with the NCP (SP), but reiterated that “the final decision on taking them will be decided by the party leadership”.
NCP (SP) circles hinted that Babajani, an ex-MLA and two-time MLC who was always keen to contest the assembly elections, may be considered for a party ticket from Parbhani for the state polls to be held in October.
However, Babajani, who was overlooked for an MLC ticket, denied that he had made any demands from the NCP (SP) or was given any assurance by the party, and claimed that his move was purely on grounds of political ideology.
“The Muslim minority community is under stress… They are disenchanted with the parties in alliance with the Bharatiya Janata Party. Under such circumstances, it is awkward to continue with such a party (NCP) any longer, hence I am joining the NCP (SP),” declared Babajani.
Senior NCP (SP) leaders like state President Jayant Patil, national general secretary Jitendra Awhad, Rohit R. Pawar and others have stated in the recent past that around 18-20 legislators from the ruling MahaYuti ally NCP will join NCP (SP), but the NCP leaders have scoffed such suggestions.
–IANS
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National
Cauvery Aarti will be done on lines of Ganga Aarti to promote tourism: Shivakumar
Bengaluru, July 27 (IANS) Karnataka Deputy Chief Minister D.K. Shivakumar on Saturday said that the Cauvery Aarti will be done on the lines of Ganga Aarti at Brindavan Garden in the premises of the famous KRS Reservoir.
“We are trying to conduct Cauvery Aarti on the lines of Ganga Aarti. It is purely to promote tourism,” the Deputy Chief Minister told media persons while talking about upgrading the KRS Brindavan Garden.
He said that the cabinet has approved the plan to give a new look to the KRS Brindavan Garden.
On opposition remarks that the government is wasting money, the Deputy Chief Minister said: “Their allegations are bogus. This project was proposed during Chief Minister Siddaramaiah’s previous government. When Union Minister H.D. Kumaraswamy was the Chief Minister and I was the Irrigation Minister, this project was announced in the budget.”
He said that the project will be undertaken with private and public partnerships.
“The government is not making any investment. This will significantly boost tourism. Just like the Ganga Aarti, we will have a Kaveri Aarti program, which is aimed at promoting tourism,” the Deputy Chief Minister said.
Earlier, the Deputy Chief Minister had said that a Cauvery Aarti programme will be held at the KRS reservoir, similar to the famous Ganga Aarti in Uttar Pradesh’s Varanasi.
When asked about the pending Greater Bangalore bill, he said that all MLAs have stated that there should be a detailed discussion on this matter.
“Due to the 73rd and 74th amendments of the Constitution, we need to provide effective governance to Bengaluru. A meeting of MLAs from all parties has been called and a committee will be formed soon. We will accept the suggestions and opinions of the opposition parties,” the Deputy Chief Minister said.
–IANS
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National
It’s not in Kumaraswamy’s fate to rename Bengaluru South Dist: K’taka Dy CM
Bengaluru, July 27 (IANS) Karnataka Deputy Chief Minister said on Saturday that it is not in the fate of Union Minister for Heavy Industries and Steel, Kumaraswamy, to rename Bengaluru South District and added that its headquarter would be Ramanagara city.
He said this in response to HD Kumaraswamy’s recent statement that he would rename Bengaluru South District as Ramanagara again in 2028.
Speaking to reporters on Saturday in Bengaluru, Dy CM Shivakumar stated, “It is not in his fate to change the name of Bengaluru South to Ramanagara again. In 2028, the Congress party will be in power in the state. I am giving my word, you keep the record of my statement.”
Shivakumar explained, “We are not touching the name of Ramanagara. The headquarters of Bengaluru South district would be Ramanagara city. This is our district. The people of Ramanagara, Channapatna, Kanakapura and Magadi are our people.”
“I was a Zilla Panchayat member of Bengaluru. Mr Kumaraswamy and Mr HD Deve Gowda came here from Hassan District. When Bengaluru was divided it got a different name. It is a divisional headquarters, but it is in Bengaluru District, why should we lose the name?” Shivakumar asked.
“It is the region which produced five to six Chief Ministers for Karnataka. To pursue their political career, Kumaraswamy and Deve Gowda have come here, that’s all. They came and went on to become CM and PM.
“All people, irrespective of the political party they belong to, are happy with the renaming of the district to Bengaluru South district,” Shivakumar stated.
“The whole world is looking at Bengaluru. You look at what former PM Atal Bihari Vajpayee stated about Bengaluru. I don’t want to lose that. Bengaluru is a global city and why should we not make use of the brand?
“The name, Bengaluru, was chosen by our ancestors and why should we let it go? The headquarters of the Bengaluru South district would be Ramanagara city. It is being done in the interest of the people. We are thinking about the future generations,” Shivakumar stated.
–IANS
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