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[infinian]

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[ladystylestores]

One of India’s richest minority groups enjoys some of Mumbai’s best rents. Here’s why

Located below the Eastern Express Highway, this storied enclave is everything that most of Mumbai is not: idyllic, languid, and devoid of the city’s signature traffic.

“Living here has given me a sense of belonging,” says the 30-year-old marketing executive.

Bana lives in Dadar Parsi Colony, one of 25 colonies in Mumbai that officials designed solely for Parsis, an ethnoreligious group of Persian descendants in India who follow the Zoroastrian religion.

The Zoroastrians, whose doctrines influenced the principles of Judaism and Christianity, fled from Persia — modern-day Iran — to India in the 7th century to avoid political and religious persecution. Over centuries, a thriving community of bankers, industrialists, traders and engineers grew along India’s west coast.

But their numbers are dwindling. According to Indian Census data, there were more than 1 million Parsis in the country in 1941. By 2011, there were fewer than 60,000. And by 2050, experts predict numbers will drop to about 40,000.

As numbers dwindle and the community fights to sustain itself, progressives want to widen the remit for new members. But they face strong resistance from more orthodox Parsis, who believe any dilution of their faith is sacrilegious.

Inside the enclave

Dadar Parsi Colony was established in the mid-1890s after the bubonic plague tore through Bombay, as Mumbai was then known, claiming thousands of lives.

At the time, the city was home to about 800,000 people, and the illness quickly spread through crowded slums. To ease congestion, the city’s British colonial leaders expanded Bombay’s limits to Dadar, then a low-lying marshland.

Visionary engineer Mancherji Edulji Joshi persuaded British authorities to set aside plots for lower middle-class Parsis, and drew up a blueprint of a model neighborhood, detailed to the type of flowers and trees to be planted on the streets. Joshi was given a 999-year lease for 103 plots.

In Dadar, the colony’s leafy streets were laid out in a grid formation, lined by low-rise Victorian apartment blocks.

“He had a rule that no building should be more than two stories high,” says Joshi’s granddaughter, Zarine Engineer. “Before a single house was constructed, he planted the streets with trees, each street with a different kind.”

Jam-e-Jamshed Road — named after the prominent Parsi newspaper — still has rows of ashoka trees. Firdausi Road, named after the Persian poet Firdawsi, is dappled with mahogany.

There is a library, a function hall, sports grounds, a seminary, a school, and a temple. The buildings are named after their proprietors: Dina House, Readymoney House and Marker House. It was not uncommon for Parsis’ surnames to reflect their line of work.

The Readymoneys, for example, made their fortune by trading opium, which was a ready source of money. Another family, the Sodawaterbottleopenerwalas — “wala” meaning “of a place of trade” — most likely made a business of opening soda water bottles. It remains one of the best-known Parsi surnames and there’s even an Indian chain of restaurants named after them.

Largest colony

Of all the Parsi colonies in Mumbai, Dadar Parsi Colony remains the largest. It is home to about 15,000 Parsis, roughly 12% of the community’s global population.

Every morning, sometimes as early as 4:30 a.m., the colony’s fitness enthusiasts power walk up and down the streets. Many of the older residents surface slightly later, perched on their verandas to pry on what’s happening beneath them.

Soon, the fishmongers and vegetable sellers make their way to each apartment, selling their daily produce. The garbage collectors dutifully come to collect the garbage, and the launder does the same for clothes. There’s an ironing man to collect and drop off ironed clothes, and the knife sharpener visits to sharpen knives.

But over the years, there have been attempts to thwart the community’s traditional way of life. Engineer has, time and time again, fought off threats of encroachment on the colony by municipal corporations.

Ninety-year-old twins Mithoo and Mani Contractor, Joshi’s cousins, have lived in the colony all their lives.

Joshi’s granddaughter, Zarine Engineer, 75, another Dadar Parsi Colony local, sits on the same board of trustees that her grandfather did, the Parsi Central Association (PCA).

The PCA looks after the well being of the colony’s residents — although 99 years later, the PCA’s methods have changed. Now, it has a WhatsApp group, in which members voice their complaints — perhaps a broken street lamp or a pothole — and Engineer will arrange for it to be fixed.

“When I was a young girl, I would sit beside (Joshi) as he patiently listened to the qualms of the residents,” says Engineer. “Some would complain of monkeys entering their house through windows, or a fallen tree, and today I am doing the same.”

The apartments are cheap — and empty

Today, Mumbai’s extreme wealth disparity has earned it the moniker of the world’s “most expensive slum.”

More than half of its residents live in slums with no running water, often just feet from some of the city’s most expensive high-rises. The average rent for a two-bedroom apartment in the wider Dadar district costs an average Rs. 145,000 ($1,920) a month.

But rents inside all 25 of Mumbai’s Parsi colonies have barely increased in decades. Long-time tenants continue to pay about Rs. 300 ($4) per month, and most are no longer perceived as lower-middle class.

Parsis are one of the most successful and wealthy minority groups in the world. They make up less than 1% of India’s entire population, but four Parsis sit on the country’s list of top 20 billionaires.

Apartments like the ones in the Parsi colonies — spacious, well maintained and low in cost — are hard to come by in Mumbai. Their interiors are a blend of British and Chinese influences, from Victorian motifs carved into oak bed frames to porcelain vases obtained through trade with mainland China.

Rents have remained low because of the Rent Control Act from 1947, which regulates the housing market in Mumbai and limits increase for residents who have been living in the same apartment prior to 1947, said Viraf Mehta, a trustee of the Bombay Parsi Punchayet (BPP).

The BPP owns most of the apartments in the Parsi colonies, including about 3,000 which fall under the act, as the same families have lived in those apartments for generations.

Mehta says the BPP rarely increases rents for newer residents “out of benevolence.”

Colony apartments are highly sought after for their unique features and low price. Yet about a quarter of flats in the colonies remain empty, according to Mehta. Many of the occupants have settled overseas, but continue to pay the rent to ensure they don’t lose the flat.

“The turnover rate is extremely low,” says Mehta. “We have close to 1,000 people on waiting lists wanting a flat in one of the colonies, but there are no vacant houses.”

Everyone on the waiting list is a Parsi.

Not open

Joshi couldn’t afford to build a wall around the colony — and, as a result, Dadar remains the only Parsi enclave without one. But the lack of a physical wall doesn’t mean there aren’t barriers to entry for those wishing to join the community.

After the BPP sold three plots to a developer some years ago, in 2009, that developer want to sell apartments on the plot to the highest bidder — even if they were not Parsi.

The PCA eventually won a six-year battle against the developers, and a court granted a permanent injunction restraining the builder from selling flats inside the colony to anyone who was not a Zoroastrian.

Five years later, the Street Vendors’ Act — a nationwide bill aimed at improving the lives of street vendors — would have paved the way for street stalls in Dardar colony. Led by Engineer, hundreds of people marched in protest to preserve the colony’s heritage.

The plan was withdrawn and the colony’s roads remain off limits.

Bana, an ordained Zoroastrian priest, lives in an apartment block built by his great-grandfather. His father grew up there, and his grandmother before that.

“To a layman, it would be very difficult to identify where the colony begins and ends,” he says. “But to us, we know each nook and cranny like the back of our hands.”

Declining population

Since the 1940s, the number of Parsis in India has plunged.

According to a study by demographer Ava Khullar, there are several reasons for to this phenomenon. Low fertility is one — about a third of Parsis don’t marry, and the average Parsi woman of child-bearing age has one child, compared to a national average of 2.5 children.

The exclusion of children born to women who marry non-Parsi men in the population figures is also a key reason.

The rule became legally binding following the Petit v Jijabhai case in 1908. Suzanne Briere, a French woman and wife of the Parsi industrialist Ratanji Dadabhoy Tata, wished for her body to be left in Bombay’s dokhmas, or Towers of Silence, to be exposed to vultures, per traditional Zoroastrian death rites.

After her marriage, she converted to Zoroastrianism by undergoing an initiation ritual performed by a priest. During the ceremony, individuals wear a sudreh (a sacred muslin tunic) and kusti (sacred thread) for the first time, while reciting prayers, completing their initiation into the faith.

Whether this conversion was permitted was up for dispute, as orthodox Parsis believed being born into the community was a prerequisite for initiation.

Briere took her case to the Bombay High Court, where Justices Dinshaw Davar and Frank Beamon concluded that the Parsi community consists of Parsis who are born of both Zoroastrian parents who profess the Zoroastrian religion; Iranis from Persia professing the Zoroastrian religion; and the children of Parsi fathers by “alien” (non-Parsi) mothers who have been duly and properly admitted into the religion. The legal definition excludes the children of Parsi mothers by “alien” (non-Parsi) fathers.

Years later, the same rules are largely followed. Reformists argue it is sexist and bigoted, while others believe that it is the way things should be. “I think it is our duty to ensure that we keep our race going,” says Bana, who married a fellow Zoroastrian.

“I have no opinion on interfaith marriages. But personally, I think these are some things we can do to give back to a community when it has given us so much.”

Locked out of the colony

The BPP follows the same 1908 judgment made by Justices Davar and Beamon. If one spouse is non-Parsi, they are not deemed eligible for colony life.

“As far as the BPP is concerned, this is the law of the land,” says Mehta. “Whatever my personal beliefs are, I have a duty to uphold the trust deed which is bound by this.”

In 2019, Sanaya Dalal, a Parsi woman married to a half-Parsi man and resident of Dadar Parsi Colony, challenged these rules after her five-year-old son wasn’t granted membership to the colony’s gym for being “a non-Parsi.”

“So I’m supposed to explain to my son that he’ll have to bow out gracefully, leaving behind his friends and the playground that he loves so much,” she wrote in an opinion piece.

Dalal’s case caused controversy within the community, with conservative members supporting the rule and progressive members deeming them anachronistic. After some debate, her son remains without membership, and is not allowed to enter the clubhouse unless signed in by a member.

Farzeen Khan, a 29-year-old Parsi woman who grew up in Khareghat Colony, sides with Dalal. “The solution (to the falling numbers) is to be more inclusive,” she says.

“We are one of the smallest but wealthiest communities in the country. I think it’s time to open our doors and see how we can be more inclusive, rather than cling onto our exclusive identity from yesteryear,” says Khan.

Despite their disagreements, Bana, the Zoroastrian priest, says Parsis will find a way to continue their legacy.

“We aren’t a community that focuses on the negative,” says Bana. “I’m certain we will overcome any hurdle that comes our way, be it interfaith marriages, or extinction.”

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from World Wide News https://ift.tt/31L8uTl

[teenakumar-blog]

PropTOQ presents the Year in review 2018 for the Real Estate sector. 20 RERA tribunals are operational in India with over 35,000 registered projects and 23,000 registered agents. Nearly 9700 complaints have been filed with RERA authorities so far. CBI arrested Ramesh and Sanjay Chandra from Unitech; ICICI Bank filed an insolvency case against Jaypee Associates while the Supreme Court sent 3 directors of Amrapali group to police custody. GST rate levied on under-construction homes to 5% from the current 12%. In infrastructure news, the much-awaited Signature Bridge was opened to the public in Delhi after a delay of over 14 years. Prime Minister Narendra Modi inaugurated Bogibeel bridge India’s longest railroad bridge spanning 4.94 kilometres in Assam. Kerala becomes the first state in India to get 4 international airports. 50 smart city command centres to come up all across India by 2019 The smart cities opportunity in India is pegged at 4 billion dollars. Net leasing of office space in India rose by 16% to 33.3 million square feet in 2018 with Connaught Place being the most expensive office market as per JLL. Some notable leasing deals included Facebook’s 3,30,000 sqft deal in Raidurg, Hyderabad and Infosys 4,00,000 sqft deal in Hinjewadi, Pune. Close to 38-40 million sqft of new space is lined up for completion in 2019 led by cities like Bangalore, Hyderabad, Gurgaon and Noida. 6 years after its announcement IKEA finally opened it’s first store in India at Hyderabad. Walmart announced plans of doubling its wholesale presence in India by setting up 20 new stores in the next 3 years. Allianz ESR joint venture announced plans to invest 1 billion dollars in India’s logistics sector while Aparna Group plans to invest 1,700 crores in commercial reality. The retail sector will witness addition of 13.5 million sqft in 2019 as per Anarock. The Residential Real estate sector in 2018 was characterized by increased demand for ready to move in homes priced between 20-50 lakhs. The year witnessed new launches of 21 lakh units with unsold inventory of 6.82 lakh units. Government-backed Pradhan Mantri Awas Yojana saw the approval of 63.5 lakh new units alongside the delivery of close 12.2 lakh homes in 2018 PM Modi also kicked off low cost housing projects worth Rs. 33,000 Crores in Mumbai. HDFC Bank disbursed 1,100 Crores of subsidy under PMAY. Sobha Developers claimed to have sold 2 million sqft of residential projects in the first 2 quarters of the current fiscal year. Student accommodation emerged as an interesting niche in the residential sector witnessing rental yields in the range of upto 14%. This segment is expected to grow at a CAGR of 38% till 2020 PropTech was a buzzword in the global investment circles throughout the year. The segment witnessed a whopping 2,243 deals in 1,279 companies totaling to a staggering 16.8 billion dollars in investment. In India, 3D visualization platform Foyr raised 4.2 million dollars in fresh funding. Coworking space was another hot bed for investments in 2018 with global giant WeWork raising a mind-boggling 3 Billion dollars from Softbank at a valuation of a staggering 42 Billion dollars. Closer home, Indian brands like Awfis and GoWork raised 20 and 13.8 million dollars respectively. 2019 looks to be the year in which the Coworking space business is expected to expand 4-8 times of its current size in India. India’s first Real Estate Investment Trust worth Rs. 5000 Crores announced by Blackstone Group and Embassy Group is expected to launch in January 2019 As per Cushman and Wakefield, commercial properties that are REITable investment opportunities are between 43 to 54 Billion dollars in top cities of India. In exciting developments, IIT Madras and Tvasta unveiled India’s first 3D printing construction technology and with over 5 billion square feet India became the country with the 2nd largest green building footprint in the world. Other notable deals of the year 2018 in real estate saw Blackstone Group acquire One Indiabulls in Chennai for Rs. 900 Crores in May. Real Estate portal housing portal housing.com facilitated sales of Rs. 1,200 Crores of properties in October. Realty major DLF bought 11.76 acres of land for expansion in Gurugram for Rs. 15 Billion and India ranked 19th in the world in cross border capital inflow in realty with 2.6 billion dollars invested by Retail Investors and 5.5 billion dollars invested by Institutional Investors. Major appointments and leadership movement in the industry saw Mr. Sanjay Dutt being appointed as MD & CEO of Tata Housing and Tata Real Estate and Infrastructure Ltd. Mr. Santosh Kumar joined ANAROCK as Group Vice Chairman. RICS appointed Mr. Nimish Gupta as the Managing Director for South Asia and Mr. Harleen Oberoi joined Colliers International India as Senior Executive Director.

[tataleasline-blog]

Tata Provides best service and support on Tata Dedicated internet leased line, Tata MPLS-VPN Connection, Tata Point to Point Connectivity, Tata Local Loop Service, Tata PRI Line Connection, Tata SIP Trunk Solution and Tata Toll free Solution in india for Price and Tariff Plans Call: 9036000187

[business-continuity-india]

Airtel Digital TV and Dish TV Plans.

After the introduction of new cable rules of TRAI, viewers believe that their monthly TV bill has increased. Now the rules of cable TV are changing soon. So the question is whether the choice of streaming services based on the internet is not the right choice? Many streaming services are available in free, so now what is the need of consumers DTH? DTH operators will be competing with each other. But to see consumer pattern of consumer consolidation, smart consumer from smart mobile to smart TV has now become smart. Recently, Starstar's popular app Hotstar has introduced a new plan that can compete with DTH operators. Hotstar is offering most of the sports channels and many Hindi entertainment channels in 365 rupees per year. This means that channels are being offered at the rate of 1 rupee per day. Because the rates of both the Internet and these apps are cheaper, the DTH option offers an alternative to the VIP plan. But are these VIP plans so good that it can replace DTH? To know this, we saw the plans of the Hotstar VIP subscription using the same kind of Tata Sky, Airtel Digital TV and Dish TV Plans.

Hotstar Rs 365 VIP Plan: In Rs 365 Hotstar is offering most premium content for one year. In this VIP plan, users can view live cricket, Premier League matches and Formula 1 races. With this, you can also see popular Hindi blockbusters and Hindi entertainment shows. This VIP plan does not include Hollywood movies and American TV shows only. Compared to DTH connections, users can view shows, smartphones, tablets, laptops and smart TVs all over the place and content consume.

Price: Rs 365 Annual + Data Pack or Broadband Bills Price Tata Sky Family Sports HD Pack: If you want to access similar packs in Tata Sky, then there is a Family Sports HD pack available at Rs 646 per month. Compared to the Hotstar VIP plan, Tata Sky offers more options for entertainment channels. In addition to all cricket channels, music, movies, kids and entertainment channels will also be available.

Price: Rs 646 per month (Rs 7,752 per year) + HD set-top box price

Dish TV Maxi Sports Pack: In the Maxi Sports Pack of Rs 326 per month, users will get access to many Hindi entertainment channels as well as sports channels, kids channels etc.

Price: Rs 326 per month (Rs 3,912 per year) + Set-top box price Airtel Digital TV My Sports HD Pack: This pack comes at a rate of Rs 493 per month. At this price, Airtel is offering a good mix of Standard Definition Channels. There are channels from sports to news, movies, kids and entertainment channels.

Price: Rs 493 per month (Rs 5,916 per year) + HD Set-top box price

Hotstar vs DTH operators: Which of the two to choose?

Hotstar VIP plan is clearly defeating DTH operators. It can be seen clearly that Hotstar is a much better option in terms of price. However, compared to DTH operators, there are less options for channels. Apart from this, look at other things, apps or services like Hotstar can be used from smartphones to tablets or TVs anywhere. If you have Wi-Fi in your house then all major service providers offer good plans at very low prices. It also costs less than DTH by adding cost of Internet bills and applications. In such a situation if more options of content are more important to you then you should choose DTH.

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[youbroadband]

Leased line Providers in India

Businesses and corporate establishments constantly depend on the internet for their flow of work, and the need for internet-only keeps growing each year. The latest development in the field of internet connections in India has been the leased line internet connection, due to their dedicated bandwidth and high-speed internet options. If you're thinking about office improvement for the year, then a business leased line should definitely be on your list.

 Why choose a leased line internet connection?

In a working space, to produce maximum work without any interruptions or interferences. While there are many broadband plans that have good value for money deals and data allowances, a fiber leased line connection is definitely still better because it guarantees uninterrupted high-speed internet. Here are some of the reasons why internet leased line providers stand out from the rest:

1. Withstands weather conditions

Unlike other connections that might get affected by India's unpredictable weather conditions such as monsoons, floods, cyclones or winds, a fiber leased line connection is generally stronger and doesn’t get affected easily, therefore saving you time and money on repairs.

2. High-speed internet

Whether you're seated right next to the router or your cubicle is located at the extreme end of the office, with a leased line internet connection, you will get the same level of high-speed internet, which is definitely an advantage in an office environment.

3. Unlimited data allowance

In most broadband connections, you are provided with an internet limit, at the end of which you will need to top up your connection in order to continue using the internet. While monetarily this might not be an issue, this will leave the office without internet and affect the workflow. With a leased line connection you have an unlimited monthly allowance and will never face this issue.

 Internet leased line providers in India

One can't deny that a leased line connection is definitely the need of the hour in offices right now, but how to choose the right provider for you? Here is the list of the top business leased line internet providers in the country, along with their rates.

1. You Broadband - This is definitely one of the top internet providers in the country, and they are also known for their affordable rates. Their internet leased line packages start at INR 1999 a month, and they have offices all over the country.

2. ACT Fibernet - One of the oldest and most well-known brands in the field of internet connections, their prices start at INR 950 a month.

3. TATA - They are reliable, have great customer service, and are one of the top known names in internet connectivity in the country.

Call up your internet service provider today to enter the world of endless high-speed internet.

[onlevelup01]

MUMBAI: Reliance Jio Infocomm is getting ready to borrow about $1 billion to buy telecom equipment, start a range of financial services to complement what it already offers subscribers and unveil its home broadband pricing.The mobile phone operator plans to raise about $1 billion (Rs 6,871 crore) via offshore loans that will be guaranteed by the Korea Trade Insurance Corporation to fund purchases from South Korean companies, said three people with knowledge of the matter.Reliance Industries, Jio’s parent company that’s controlled by Mukesh Ambani, is set to provide details on the gamut of financial services at its upcoming annual general meeting on August 12. It will offer these services to its 340 million users, hoping to attract more high-value subscribers. It’s not clear whether these new financial services will be provided by Jio Payments Bank — a joint venture with State Bank of India — or through a separate entity.70458351 Jio is also expected to provide further details, including the pricing, of its home broadband service, which has been undergoing trials for over two years, the people said.Reliance and Jio didn’t respond to ET’s queries.Third-party Insurance, Health CoverOn the fund raising, the Korea Trade Insurance Corporation (K-Sure), South Korea’s official export credit agency, will guarantee consignments imported by India’s fastest-growing telecom operator, which needs to expand its 4G and fibre network to keep pace with surging data consumption and buy spectrum to offer 5G services.“Jio is likely to procure telecom equipment from companies like Samsung Electronics and Ace Technologies Corp.,” one person told ET. K-Sure supports domestic exports.While the loan is likely to have a 10-year maturity, it could be priced 81 basis points over the London Interbank Offered Rate (LIBOR), the people said.“The K-Sure guarantee is aiding a reduction in borrowing costs,” said another executive involved in the matter.Jio is appointing foreign banks such as HSBC, Australia and New Zealand Bank (ANZ), Mitsubishi UFJ Financial Group, Citi and JP Morgan to help syndicate the loan. The banks could not be contacted immediately for comment.This would be the fifth facility that K-Sure will cover for the Reliance group in six years and follows an amount of about $500 million that Jio initiated to raise from overseas earlier this month. The company had debt of Rs 75,000 crore at the end of June.The financial services that Jio is expected to roll out include third-party insurance and health cover.“Jio will also help in selling or cross-selling retail products ranging from insurance to bonds,” said an industry veteran familiar with the matter. The person added that Jio may offer demat account services, which allow investors to hold securities in electronic form.Reliance has started putting together a top management team for the new services without tapping Jio’s talent.“The group wants to keep the manpower and their duties segregated from the main team of Jio,” said another person.In India, many insurance and pension products, along with an array of retail credit lines including home, auto and consumer loans, are offered by nonbanking finance companies, or shadow banks, which are regulated by the Reserve Bank of India.Following defaults by Infrastructure Leasing & Financial Services, NBFCs in India have been engulfed in a funding crisis, with banks wary of lending to them and mutual funds, pension funds and insurers not keen to subscribe to their bonds.However, experts noted that branded nonbanking entities including Bajaj Finance, Mahindra Finance, HDFC, Tata Capital and Tata Housing Finance stand out in the sector, drawing a cushion from their parentage, and Reliance should not be adversely affected if it takes the NBFC route.“A Reliance name will add credibility and it will be easier for banks to offer them loans,” said a market expert.Jio, which started operations in September 2016, plans to become more than just a mobile phone operator. It wants to become a digital services provider with a presence in home broadband, enterprise business, services to small and medium enterprises and a bouquet of content and digital services, including financial offerings. from Economic Times https://ift.tt/2MpX1Rf

[global-news-station]

NEW DELHI: Jet Airways’ Chairman Naresh Goyal and his wife will step down from the airline’s board, Indian television news channels reported on Monday, as the cash-strapped Indian carrier closes in on a rescue deal led by state-run banks.

Goyal’s stake will be cut to 25.5 percent from the current 51 percent, while Etihad Airways’ stake in the debt-laden carrier will also be halved to 12 percent to make room for the banks to take a controlling stake of 50.5 percent in the airline, one of the TV channels, ET Now, reported, citing unnamed sources.

Saddled with debt of more than $1 billion, Jet owes money to banks, suppliers, pilots and lessors – several of whom have started terminating leases with the carrier.

The government has asked state-run banks, led by SBI, to rescue Jet without pushing it into bankruptcy, two people within the Indian government have told Reuters that Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election.

The reports of Goyal’s departure led to a rally in Jet’s shares of more than 12 percent.

The biggest full-service carrier in India, has been under dark clouds for the past few months.

Here’s how the story unfolded

May 3 – Jet shares fall 12.3 percent after InterGlobe Aviation reported a slump in net profit for March-quarter a day earlier

May 23 – Jet posts first quarterly loss in at least 12 quarters, says it has a negative net worth that ‘may create uncertainties’

Aug 1 – Media report says Jet asked employees to take an up to 25 percent cut in salaries as a part of a cost cutting measure

Aug 3 – Jet denies report that it cannot fly beyond 60 days, and dismisses conjecture of stake sale

Aug 9 – Airline defers board meet for first-quarter results

Aug 11 – After State Bank of India chairman says Jet’s loan is on the bank’s watch list, Jet says it is regular in payment obligations to all banks

Aug 13 – Airline reaffirms that it is considering various options to meet its funding requirements

Aug 15 – Report says U.S. private equity firm Blackstone Group LP is in talks to buy a stake in Jet’s frequent-flier loyalty programme JetPrivilege

Aug 20 – Sources tell Reuters that private equity firm TPG Capital is considering investing in Jet, but is not close to finalising a deal

Aug 27 – Jet posts loss for the June-quarter, says it will inject funds and cut costs by more than 20 billion rupees in two years

Sept 4 – Government plans relief package for airlines

Sept 6 – Jet says it paid salaries to 84 percent of its employees after reports emerge that pilots warned ‘non-cooperation’ over salary default

Sept 20 – Income Tax department conducts survey at Jet’s premises

• Over two dozen passengers on a Jet flight are treated for minor injuries after the plane loses cabin pressure

Oct 4 – Rating agency ICRA downgrades here the company’s long term loans and NCDs, citing impact of steep increase in jet fuel prices, rupee depreciation, delay in implementation of liquidity initiatives

Oct 18 – Report says Indian conglomerate Tata Group is in talks to buy stake in Jet. Jet calls report “speculative”

Oct 30 – U.S.-based Delta Air Lines Inc expresses interest to buy Jet stake from promoter Naresh Goyal and Etihad Airways

Nov 5 – Report says Tata aims to buy the 51 percent stake in the airline owned by Naresh Goyal, and Etihad Airways’ 24 percent stake, and merge Jet with Vistara

Nov 12 – Jet posts third straight quarterly loss, chief executive officer Vinay Dube expresses confidence in overcoming current challenges

Nov 13 – Tata Sons begins due diligence to buy Jet, reports say

• Jet executive says company is in talks with multiple parties for a stake sale in its loyalty program, and equity infusion in the airline

Nov 15 – Shares surge nearly 25 percent following reports that the debt-laden airline was nearing a rescue deal with Tata Sons; another report says the Indian government asked Tata to explore buying Jet

Nov 16 – Tata Sons says discussions on Jet is preliminary and no proposal has been made

Nov 20 – Tata Sons may go slow on Jet deal after some directors from Tata’s board expressed concerns, according to media reports

Nov 21 – The airline says news on Naresh Goyal, Etihad discussing merger of JetPrivilege with Jet Airways is speculative

Nov 22 – Independent director Ranjan Mathai resigns, citing rising pressure from other commitments

The post Jet Airways chairman steps down, halves stake appeared first on ARYNEWS.

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Increase Your Bottom Line By Means Of Recommendations.

As car producers all over the world hasten to introduce inexpensive models, Tata in India is actually producing plannings to inaugurate its own Tata Nano, among the absolute most cost-effective cars in the world. When you possess a well-maintained cars and truck there is actually no doubt that this improves your private decorum; it doesn't matter whether you are actually participating in a casual celebration, a company meeting or every other event, you could just would like to showcase your cars and truck for the various folks that you will definitely be socializing with. They repeatedly require a big deposit then charge for existing damage, they do not inspect returned autos in the existence from the consumer and also they include loss to the empty inspection sheet, their insurance coverage makes no regulation for the passengers if the automobile break etc as well as on. Leasing an auto allows you to drive the cars and truck for a specified condition without buying this and also gives many extra perks like calling for little bit of or even no security deposit, reduced regular monthly settlements as compared to acquiring a brand-new car, much easier disposal of the motor vehicle, as well as versatile options when your lease pertains to a conclusion. Consequently, whilst you'll no question have a lot of competitors along with other buyers to be able to get the auto you really want (and also much less area to deal, as the salesperson is aware that if you don't want to acquire the auto at the price they are actually supplying, there'll be other people which will definitely), there'll typically be actually considerable price cuts on the autos presently. Ought to the fluid operate completely dry the pump will be destroyed (a $2,500 fixing), and also this will shed particles with sharp advantages right into the ABC system. Lots of vehicle offering centres offers excellent rebates and also supplies a number of cars and truck company deals at inexpensive costs. Which is a bummer given that other luxury labels have actually stepped up in this field and when you're losing virtually $100,000 on a car it behaves to know the office chairs may pay attention to your lesser back or even your shoulders after a challenging time's job doing CEO stuff. Meanwhile, if you're just substituting the electric motor away from your everyday driver commute automobile, it wouldn't make much sense to opt for full-scale horsepower, given that the gas rates as well as routine maintenance will definitely consume your pocketbook active. If you are chronic and also convincing, made use of vehicles that set you back anywhere coming from $1,000 to $1500 may easily be actually haggled down to 800 dollars. . If you possess an '82 CB450 or even CM450 as well as you've been experiencing carburetor troubles, look at the following Honda company statement (You must possess the FREE Adobe Reader to gain access to this file.) Additionally listed here is an image of a short article discussed the 450 carburetor trouble, at that point a photo of the carburetor jet needles, and also lastly a Word data having a web link for Honda Nighthawk Carburetor Float Dish gaskets, together with a photograph from the gaskets. A UK Drivers Ed' Programme will certainly spare lives. Normal cost from energy, each kilometer: This is what you spend in gas or even power to steer one kilometer in your cars and truck. If you are actually certainly not cleaning it with the water as well as soap, you can not anticipate absolute best cleaning of the floor coverings. Nitro fuel for radio controlled cars is typically not simply nitromethane, it contains a combination of different elements. A longtime cars and truck fanatic, Davis Speight began his vehicle job marketing Porsches. These latest models have mostly handled the slow-moving speed connected with electric motor vehicles. While sales team like to concentrate on month-to-month repayments, this's smarter to negotiate the overall price, baseding on Opportunity If you're getting Http://todaygoodlook.Info a used vehicle, regularly make certain to seek out the vehicle's genuine Blue Book worth.

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Know About Vehicle Hires In Adelaide

Many also provide a GPS for an addition price, so if you're on holiday someplace you've by no means been prior to, you don't have to be concerned about obtaining misplaced. Driving a new vehicle can also be a little bit like a holiday in and of by itself. The car will always be thoroughly clean, complete of gasoline/petrol, and everything within the engine will be above regular. Renting a car when you're on holiday is great, and booking it online is even better. Most car rental locations provide you a discount when you book on-line, simply because it means that the service assistant can spend their time assisting the individuals at the office. If you guide online, be aware that some credit playing cards provide a surcharge for online payments. Features and integrated facilities. See what you're getting for the money, such as the km utilization, the extras that the vehicle has, solutions that might be helpful four.Luxury car rental in India is the impervious and easy method of enjoying your trip. In India you can select for Luxurious Vehicles like BMW, Tata Safari, and Chevrolet at cheap rentals. To get these vehicles on road you contact for discovering some fine supply out there. India's most vacationers' destinations are famed for their primeval and amazing scene. There are many temples, forte caves and some other prominent for their elegance scene that you discover with car rental solutions at affordable price. One method to acquire cheap car to attempt to get the most out of your lease. Most rental vehicle, you require to fill the tank when the product so your return procedure of the rental vehicle, type of fuel leaks found, you will conserve much more than when the money is invested on gas at inflated costs. Frequent travelers can frequently get special privileges because of to their SkyMiles, AAdvantage, or membership in some this kind of comparable plan. Travelocity promo codes give clients the best of each phrases, simply because they provide unique reductions to non-regular travelers, as well as unique reductions to frequent vacationers! You can also streamline your journey planning procedure with Travelocity promo codes. That's because particular coupons give out reductions for some of globe's most elite resorts, airlines, cruises, and resorts. If you want to find cheap vehicle hire, it's important to know exactly what your rental vehicle specifications are prior to approaching car rental providers. There are a number of concerns that ought to be asked: For what time period of time is the rental car needed? What is the most convenient assortment point? What kind of terrain will the car be used for? Will there be more than 1 driver? As soon as these concerns have been answered, you will have a much better idea of what type of vehicle very best suits your vacation requirements. Cheap car rental s are available in most cities, such as country cities exactly where you would expect not to discover one. You can discover them in the yellow pages of the phone guide. Most do not offer a choose up service, as the large car rental businesses do, and your selection will be very restricted. Certain situations come up that represent a desire for a cheap car rental. It could be simply because we were in an incident and need a car while our own car is being fixed. It could be simply because we are going absent for the weekend and we are not sure that our vehicle will make it. So we rent a vehicle, which will get us exactly where we need to go. Or some of us rent a vehicle to go on vacations. We do this either simply because we think the trip will be to difficult on our personal vehicles or we just want a much more comfy ride. What ever purpose we rent vehicles, how many of us know how cheap car rental can be? In this article we will tell you about some locations to rent vehicles at a great price. Reason number three- if your own car is not running, leasing 1 may be a good idea. Let's encounter it, not all of us generate the best cars in the world. And if your car is in the shop getting fixed again, renting a vehicle is a way to keep obtaining around. One method to acquire inexpensive vehicle to attempt to get the most out of your lease. Most rental vehicle, you require to fill the tank when the product so your return process of the rental car rental in Bandung, type of fuel leaks discovered, you will save much more than when the cash is spent on gas at inflated costs. Delhi has, more than a period of time, turn out to be a travel location for lakhs of individuals. With this kind of a massive amount of group entering Delhi by way of various sources like railways, buses and planes; it gets to be highly tough to find a vehicle that would drop you to your hotel or any other desired location. And even if you discover one, there are high probabilities of the vehicle drivers charging you an amount a lot greater than the real fare. After a lengthy journey, this struggle for a correct vehicle is traumatizing. For more info in regards to Suggested Online site have a look at our internet site.

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Car Hire United Kingdom - Inexpensive Car Rental Utilizing A Broker

One technique to obtain inexpensive vehicle to try to get the most out of your lease. Most rental car, you need to fill the tank when the product so your return procedure of the rental vehicle, kind of gas leaks discovered, you will save much more than when the cash is invested on gasoline at inflated prices. Price is amongst the regular issues to reckon when looking to lease a vehicle. You ought to attempt to discover some thing within your budget. As you lease on-line, you will save quite a little bit on the rental cost. So it is deserving to think about it as a good alternative. Some places will give you a much better low cost if you reserve it a couple of months ahead of time. Sometimes they will provide you an even much better low cost if you require it for a lengthier time period of time. If you can be a thrifty and savvy shopper a inexpensive car rental can be a actuality. After you make certain that you really want to lease a vehicle, you ought to know the kind of vehicle that can cater to all of your needs and suit your choices. You will find it simpler to determine on what type of vehicle you would want to rent if you know the amount of luggage and individuals that you will be bringing with you. These things are among the most important issues that you should maintain in thoughts when beginning to look for a car rental company. By using these issues into thought, you will not only be able to conserve time but also cash and work. Now how a lot sunlight will you see and how scorching will it be? Because Hawaii lies at the edge of the tropical zone it truly only has two seasons, each of them heat. The dry season is from April to Oct (summer) and the rainy period is from Nov to March (aka winter). The yr spherical temperature in Hawaii does not differ a lot. At the seaside the average daytime high in summer time is 29c, while the typical daytime higher in winter season is 25c, nighttime lows usually run about 10 degrees cooler. But how warm on it is on any given day truly is dependent on where you are on the island. Mountain ranges, inside valley's and volcanoes that are unfold throughout the islands aspect into weather conditions. Luxury car Rental in India is the most secure and simplest technique of enjoying your trip. India you can choose for Luxurious Cars like BMW, Chevrolet, Tata Safari, you can get all these luxury vehicles at cheap rental. To get these vehicles on road you need to find some good supply out there. Carrental2india in India are apt for you if you are coming to India for the first time. One ought to Rent cars in India if want to explore the local community. Whilst driving in the direction of your destination you can enjoy the beautiful sight seeing of India. Journey by cars in India and you will not miss a single place alongside with. It Starts off with static mass stress on, talk of fallout shelters. Its begins off searching like a mini documentary a discussion on what caused the army experiment terrorist or fanatics. The plot develops in a Rental Mobil bandung place called Cheapskate rentals. Exactly where the workers Jim ,Bob and Nick are so extremely concerned in their conversation that they don't discover mass hysteria till a residing lifeless is in their rental location. Reminded me for a sec in Shawn of the Dead. But without becoming humorous or scary. Check the terms to see if you require to return the vehicle gasoline tank complete or almost vacant. I as soon as produced the mistake of returning it full when I didn't need to - the car rental business refused to refund the cost. You can make your tour chart, and then plan your trip to fit your requirements. New Delhi to Chennai, Hyderabad to Chennai, Kolkata to Chennai . Really you can enjoy a great deal with self generate cab services. This can give you potential energy to enjoy your journey in India. You can appear for numerous attractions of Rental Mobil bandung services in several metropolitan areas of India. Car Rental Chennai Self Drive offers brilliant solutions to enjoy your tour and visit Fort St. George, San Thomes Basilica, and St. Mary's Church and so on. Bus services is accessible in and in between the major metropolitan areas, nevertheless numerous of the great places to see are in out of the way places that you can't get to with out a car rental. Israel's solution to the Riviera for instance, Eilat does not even have bus services accessible anywhere in the city (there is a bus to get there, but frankly, the vehicle trip is dramatically shorter and much more comfy.). You can tour the entire location and view the view from the hills. It is the favored means of sightseeing for the vacationers as it would the opportunity to tour the island at your personal leisure and comfort. The exact same factor is also applicable in Waikiki car rental as you can get to tour the entire island at your personal tempo and ease and comfort. The cars that are supplied on employ are all in very great condition. You can drive down in the cars without any difficulty.