Tatas plan new vertical to on-board Air India post SPA (IANS Exclusive)

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By Rohit Vaid
New Delhi, Oct 12 |
The Tata Group plans to create a new business vertical to on-board all its holdings in the airline industry, including Air India post the share purchase agreement. The new vertical will hold the Group’s interest in Air India Express and AISATS.

At present, the Tatas hold a majority stake in the low-cost carrier AirAsia India and the full-service airline Vistara.

The Group has several verticals, one of which — tourism and travel — houses the group’s interest in Indian Hotels Company, Vistara and AirAsia India. This particular vertical, according to sources, will be bifurcated, into airlines and hotels businesses.

A query sent to the Tata Group regarding the bifurcation went unanswered. The development assumes significance after Tata Sons’ subsidiary Talace emerged as the highest bidder for the national carrier under the divestment process.

Talace had quoted an enterprise value of Rs 18,000 crore for the 100 per cent equity shareholding of the Centre in Air India along with that of Air India Express and AISATS.

Out of Rs 18,000 crore, Talace will retain Air India’s overall debt worth Rs 15,300 crore. The rest will be paid to the Centre as the cash component. The Centre had stipulated a reserve price of Rs 12,906 crore.

Based on the bid results, which were announced last Friday, the Centre will enter into a share purchase agreement (SPA) with Talace by December-end.

Talace will, among other assets such as human resources, get more 140 aircraft as well as eight logos.

Post the transaction, Tata Sons will have two full-service carriers — Vistara and Air India — along with two low-cost airlines — Air India Express and Air Asia India — and a ground and cargo handling company, AISATS.

In terms of fleet, Tatas will get Air India’s 117 wide-body and narrow-body aircraft and 24 of Air India Express. A significant number of these aircraft are owned by Air India. It will operate these aircraft on over 4,000 domestic and 1,800 international routes.

Additionally, it will get access to Air India’s frequent flyer programme, which has more than three million members.

(Rohit Vaid can be contacted at rohit.v@ians.in)

Source: IANS

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Guy Kawasaki has rightly said that pursuing your passions makes you more interesting, and interesting people are enchanting. Passion is an underrated term as people believe more in hard work and dedication. We often forget that passion is what guides us to success. Deependra Singh Shekhawat is one of the few who proved that hurdles are hidden opportunities, and when utilized appropriately, they will lead you to victory.

Deependra Singh Shekhawat, being the son of a farmer, has the background of a middle-class family. He belongs to a small village of Udaipurwati, district Jhunjhunu of Rajasthan. However, his status never deterred him from dreaming. Dreams full of his passion gave him the strength to fight the battles in his life. After graduation, he initially started from a regular job. However, he was not content with his occupation. He sensed stagnancy in his career. Soon, he started thinking and strategizing about business. This thought process led him to join a renewable energy company, Adani Renewable Energy, to learn about business as the next step in his professional journey. From then on, there was no stopping him; he was on a roll. In 2015, he established Vertex Solution Company and became one of the top vendors of Adani Solar Energy. He went the extra mile by working with India’s well-known renewable energy organizations as Avada Sola, Tata Solar, O2 Power, and many more.

Deependra says that his passion for renewable energy spawns from the fact that renewable energy is one of the significant contributors to boosting the country’s economy and generating jobs. He further adds that adopting renewable sources of energy is a healthier option. He claims it is high time we start living peacefully with nature for the sanity of itself and humankind. Additionally, he has provided with job opportunities for the youth of his village Sarai and has become the Youth icon of Rajasthan. Despite belonging to a middle-class family, he left no stones unturned to achieve success and rose from the bottom of the pit to flying like an eagle. From having big dreams to making others’ dreams come true, he has come a long way.

His journey is inspiring hundreds and thousands of youngsters of middle-class families throughout the country. People are burning with passion after witnessing the change in his life. His life journey is constantly changing the lives of many for the best. He is igniting the fire of eagerness for victory in them.

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Crediting the same, Recruitment Mantra is going to introduce their own job portal named myhireindia.com to enable recruiters and individuals find the best job as per their requirement. The portal will enable employers to post unlimited jobs in this portal and hire the right talented candidates as per their requirements at free of cost. Jobseekers can register and upload their CV in this portal free of cost and can also search and apply for unlimited job openings through this portal.

Emerging as one of the best job sites in India that acts as a bridge between recruiters and job seekers, the platform has uniquely been curated to serve as a comprehensive for both students and young professionals looking for employment opportunities in their preferred location.

As one of the best job portals in India, MyhireIndia allows its users to search for either internship or job opportunities within a few clicks. The company review section enables the users to go through the reviews from the companies registered on the platform to get a glimpse of the work-life at the firm behind the curtain.

  • Keyword search: The keyword search function available on job search sites allows users to look for his/her preferred jobs in a single-click just by typing in the job keyword like retail jobs, media, pharmacy job, etc. on the keyword search bar.
  • User-friendly interface: The job site is developed for the key purpose of making job searches easier for its users. A user-friendly interface allows users to browse through job opportunities in his/her preferred areas of life without losing his/her focus in doing the same.
  • Options to filter preferences: The filters available on the job site allow users to filter out their job preferences exactly according to their needs and requirements. You can filter out your job search with your location, salary, job type, and other preferences.
  • Easy application process: If a job site has a complicated application option for jobs, it will automatically receive backlash for its services. The platform serves an easy application option to users, allowing them to apply for jobs within minutes.

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