7, Dec 2023
SpiceJet’s Stock Soars as Company Secures Fresh Capital, Experts Bullish on Breakout
New Delhi: – Budget carrier SpiceJet’s Board will meet on Monday (December 11), to decide on the proposal to raise fresh capital in the Company through the issue of equity shares. Sources said the Company was looking for anywhere between $100-1200 million fresh equity infusion.
The airline’s stock jumped 20% on the Bombay Stock Exchange, hitting the upper circuit, on Thursday after the news broke.
Experts are extremely bullish on the stock, which is significantly undervalued.
“SpiceJet, with its market capitalization currently standing at around INR 4000 crore, appears to be significantly undervalued when compared to its peers in the Indian aviation industry. A substantial equity infusion into the airline can turn around the fortunes of the 18-year-old airline,” said an industry expert.
For reference, the market capitalization of IndiGo is INR 1.1 lakh crore. “This stark difference in market capitalization positions SpiceJet as an attractive investment opportunity, offering substantial growth potential and attractive returns for investors,” he said.
The airline has multiple strong points to its advantage. “SpiceJet holds coveted slots and routes at all important Indian and international airports like Dubai, Thailand, Oman, Colombo, Male etc., providing a competitive edge in the market and contributing to its potential for sustained growth. It also has a 200-plus plane order with Boeing for the its 737 Max aircraft.”
“A correction in SpiceJet’s stock prices is imminent and could result in sizeable returns for investors. We believe it stands out as the best bet among Indian aviation companies for growth and returns. SpiceJet’s current share prices present an advantageous entry point for investors looking to capitalize on potential upward movements,” a senior SpiceJet official said.
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- By Rabindra
7, Dec 2023
Festival of Art, Craft and Design, inaugurated alongside Unboxing BLR Habba by Hon. DCM DK Shivakumar, continues on Dec 6 th , 9 th -11 th .
Bangalore, 7th December 2023: ArtMantram Trust in partnership with Unboxing BLR Habba is excited to announce the upcoming events for the rest of the festival. The Festival was launched on 30th November 2023 at Doddapete Square, in Chikpete. ArtMantram Trust reenacted the “Udbhava Legend.” This historic ceremony commemorated Bangalore’s founding 400 years ago, attributed to the visionary Kempe Gowda. Eight bullocks pulled four carts from Doddapete Square in four directions, marking the city’s main streets’ foundation. This ceremonial reenactment was an unprecedented event in the city’s history, aimed to honor Kempe Gowda’s visionary contributions and the cultural roots that have shaped Bangalore into the vibrant metropolis it is today.
“Unboxing BLR Habba and ArtMantram’s Festival of Art, Craft and Design are celebrations that weave together Bangalore’s vibrant past with its promising future. It’s a tapestry of heritage, diversity, and cultural pride, inviting all to embrace the spirit of our city.”
— Dr. Jija Madhavan Harisingh, Managing Trustee, ArtMantram Trust“State of Karnataka has a distinct art style and cultural history of diverse religious and linguistic ethnicities. It has had the privilege of nurturing some of the most talented and prominent contemporary artists in the country. Today we have brought eight of the master artists who have been associated with ArtMantram in our two-decade-old journey.”
– Raji Narayan, President of ArtMantram Trust
ArtMantram’s Diverse Offerings at Unboxing BLR Habba
ArtMantram Trust is hosting an array of events during the Unboxing BLR festival:
Dec 6, 2023: Bangalore International Centre (BIC)
Eminent Reverie, an Art Show of Master Artists of Karnataka, featuring KK Hebbar, Yusuf Arakkal, SG Vasudev, Dr Ms. Murthy, Rekha Hebbar Rao, JMS Mani, Gurudas Shenoy, MG Doddamani. 11 am.
Footprints, a screening of the International Award-winning Film on Gandhi and shunning violence. 4.30 pm
Bangalore: Arts, Architecture & Design, a Seminar, featuring a panel discussion Sri Chiranjiv Singh, Sri. Naresh Narasimhan, Sri. Prakash Belawadi, Smt.Gayathri Shetty, Sri. Naveen Seri and moderated by Yumna Harisingh. 5.30 pm
Poetry Ablaze, Poets read featuring Rugmani Prabhakar, Shaista Yacoob, Lakshmi Ishwar, Yumna Hari Singh, and Shaji Nair. 6.30 pm
Dec 9, 2023: Overlooking Glass House, Lalbagh. Events in collaboration with the Department of Horticulture, Lalbagh:
Art in the Park features live paintings by 30 upcoming artists. 9 am.
Makkalida Brushstrokes, Life Skills and Heritage through Art: An event for underprivileged school children from Parikrama and Gurudwara. 10 am.
Textile Heritage a presentation of Karnataka’s rich textile heritage with 20 significant citizens of Bangalore City presenting Karnataka’s Rich tradition. In collaboration with Vimor’s Museum of Living Textile. 11.30am
Dec 9 – 11, 2023: ArtMantram @ Kadlekai Parische at Bull Temple Road, offering an artisans’ alley and
workshops highlighting local artistry.
Attendees will have the opportunity to immerse themselves in the vibrant cultural tapestry that defines Bangalore’s legacy and heritage. You can keep abreast of real times changes, by following ArtMantram on Instagram: @artmantram | X: @artmantram | Facebook: @artmantram | LinkedIn: @artmantram
Past events of the Festival
Udbhava Legend: Commemorating Bangalore’s Founding
On November 30, 2023, ArtMantram Trust reenacted the “Udbhava Legend.” This historic ceremony commemorated Bangalore’s founding 400 years ago, attributed to the visionary Kempe Gowda. Eight bullocks pulled four carts from Doddapete Square in four directions, marking the city’s main streets’ foundation. This ceremonial reenactment was an unprecedented event in the city’s history, aimed to honor Kempe Gowda’s visionary contributions and the cultural roots that have shaped Bangalore into the vibrant metropolis it is today.
Janapada Kunita: A Celebration of Folk Dances
Simultaneously, visitors experienced the captivating “Janapada Kunita,” a showcase of traditional folk dances. This lively presentation showcased the diverse cultural tapestry of Karnataka through colorful and engaging performances by talented artists.
7, Dec 2023
Award-Winning Documentary ‘Yakshagana’ Shines at International Film Festival
Bengaluru, 7th December 2023 – The Centre for Intercultural Studies and Dialogue (CISD) of Manipal Academy of Higher Education proudly announces that its acclaimed documentary “Yakshagana” has received the Jury Award at the prestigious Sixth International Short Film Festival on Cultural Tourism, held from 1-3 December 2023 in Varanasi, Uttar Pradesh. Competing against 94 short films from 44 countries, “Yakshagana” stood out for its vivid portrayal of the rich cultural tapestry of Tulunadu.
“Yakshagana”, produced under the CISD project ‘Discerning India: Living Cultures of Tulunadu’, explores the vibrant traditional art form native to the coastal districts of Karnataka and Kasaragod district of Kerala, India. The documentary beautifully captures the essence of this dance-drama, which combines dialogue, music, and intricate costumes, bringing to life the stories from the Indian epics of Mahabharata and Ramayana.
The Jury Award at the Sixth International Short Film Festival on Cultural Tourism underscores CISD’s commitment to preserving and promoting the rich cultural heritage of India. The film’s success highlights the global appeal and importance of India’s regional art forms.
Additionally, the documentary ‘Discerning India: Yakshagana’ has been selected for the 7th International Folklore Film Festival (IFFF), organized by the International Film Festival of Thrissur (IFFT). This recognition follows its previous accolade of the ‘Best Script Writing Award’ at the 24th CEC-UGC Educational Film Festival in Hyderabad, further emphasizing its impact and excellence in cultural representation.
Lt. Gen. (Dr.) M. D. Venkatesh, Vice Chancellor of Manipal Academy of Higher Education, commented, “It is a matter of great pride for us at Manipal Academy of Higher Education to see ‘Yakshagana’ receive such prestigious international acclaim. This documentary not only showcases the artistic brilliance of Yakshagana but also serves as a bridge connecting global audiences to the rich cultural tapestry of Tulunadu. We are committed to fostering global understanding and appreciation of cultural diversity through such endeavours in cultural education”.
Prof. (Dr.) Madhu Veeraraghavan, Pro Vice-Chancellor – Management, Law, Humanities, and Social Sciences, added, “This award is not just a recognition of our team’s hard work but also an acknowledgment of the cultural richness of Tulunadu. It inspires us to continue our mission of documenting and sharing India’s diverse cultural traditions”.
CISD, housed in the Manipal Centre for European Studies, focuses on promoting intercultural dialogue and understanding. The award-winning documentary is part of their broader initiative to create a repository of local cultural knowledge and educate people about the unique traditions of Tulunadu.
7, Dec 2023
ZS Bengaluru Walkathon 2023: Promoting “Health for All” with ZS Associates as Title Sponsor
Bengaluru, December 7, 2023 – Samarthanam Trust for the Disabled, a pioneer in creating education and livelihood opportunities for persons with disabilities, proudly announces the 17th Bengaluru Walkathon, scheduled for December 9, 2023, at Kittur Rani Chennamma Stadium, Jayanagar at 9.30 am. This annual event, dedicated to promoting inclusivity, this year focuses on the theme “Health for All.”
In a significant development, ZS Associates, a global management consulting and professional services firm headquartered in Evanston, Illinois, has stepped forward as the title sponsor. ZS, with over 12,000 employees across 35 offices worldwide, specializes in consulting, software, and technology, catering to clients in healthcare, private equity, and technology.
The Bengaluru Walkathon has been a highlight on the city’s calendar, drawing massive public support each year. Aligned with the International Day of Persons with Disabilities, the event aims to promote the rights and well-being of individuals with disabilities, fostering awareness across all spheres of society.
With the theme “Health for All,” the 17th Walkathon at Samarthanam strives to be a catalyst for change, aiming to empower individuals with disabilities as agents of positive transformation. The event plays a vital role in advancing health equity, ensuring access to crucial health information and services for every disabled person. The Walkathon is a platform for mass awareness on health, focusing on good health and hygiene. Aligned with Sustainable Development Goal 3, the event emphasizes healthy lives and well-being for all.
Additionally, the Walkathon benefits marginalized communities, by providing nutrition kits to government school students. Inclusivity is paramount, with participants of all ages and genders, promoting a healthier lifestyle and habits. The event also supports healthcare infrastructure by supplying medical consumables to Primary Health Centres and district hospitals, ensuring holistic healthcare for vulnerable individuals. Encouraging active community participation, the Walkathon aims to achieve the overarching goal of “HEALTH FOR ALL.”
“I am eagerly anticipating this time of the year as we unveil the theme for this year’s Walkathon – ‘Health for All.’ In a time where prioritizing health is paramount, we are dedicated to fostering equal access for everyone. I extend a warm invitation to each of you to be a part of this movement towards universal health. It’s heartening to witness the collaboration of numerous companies in this noble cause. My heartfelt thanks to the title sponsors for their valuable contribution and unwavering support in our collective journey to champion health equity and inclusivity.” Said Dr. Mahantesh G Kivadasannavar, Founder and Managing Trustee of Samarthanam
Samarthanam extends heartfelt gratitude to all sponsors, including ZS Associates, Adobe, Paypal, Microsoft, Intertrust Group, Kluber Lubrication, MiQ, Tredence, Q2, GKN Aerospace, and ANZ for their support in promoting Health for All. Deepak Rao N, Event Head, of Samarthanam Trust for the Disabled, and Narayan Saralaya, Office Manager of ZS Bengaluru, were present on the occasion.
7, Dec 2023
Colors Bangla Cinema presents ‘Filmy Fulki’ – A blockbuster movie festival to warm up the December chills
Launched on 1st December 2023, Filmy Fulki Festival on Colors Bangla Cinema has embarked on a spectacular journey, promising to keep the warmth soaring with a heated lineup of the biggest stars from Bengal. Throughout December, audience will experience the thrill of Filmy Fulki during Dumdar Dupur, every day at 1:00 PM as Colors Bangla Cinema transforms into the ultimate destination for Bengali movie aficionados.
Colors Bangla Cinema, the No. 1 Bengali movie channel, provides TV viewers with an unmatched cinematic experience and this festival is not just a celebration of movies but also a testament to the Channel’s dedication to delivering quality entertainment.
Join the thrilling cinematic journey with iconic movies such as:
- ‘Tulkalam’ starring Mithun Chakraborty, Rachana Banerjee, and Rajatava Dutta
- ‘Sneher Protidaan’ starring Prosenjit Chatterjee, Rachana Banerjee, and Ranjit Mallick
- ‘Fighter, Marbo Noy Morbo’ starring Jeet and Srabanti
- ‘Awara’ starring Jeet and Sayantika Banerjee
- ‘Sathi’ starring Jeet and Priyanka Trivedi
- ‘Minister Fatakeshto’ starring Mithun Chakraborty, Koel Mallick, and Soumitra Chatterjee
- ‘Protibaad‘ starring Prosenjit Chatterjee, Ranjit Mallick, and Arpita Chatterjee
- ‘Shoshurbari Zindabad’ starring Prosenjit Chatterjee and Rituparna Sengupta
Supported by a robust 360° marketing campaign, Filmy Fulki is captivating audiences through cross-channel promotions, on-ground activation, and engaging social media content. Additionally, an On-air Watch & Win contest brings the excitement closer to viewers, offering daily chances to win silver coins and a weekly mega prize of coveted gold coins.
Sagnik Ghosh, Business Head of Colors Bangla and Colors Bangla Cinema shared, “Filmy Fulki is more than a festival; it is an experience designed to unite audiences with their favorite movies, creating great moments and surprises through the On-air Watch and Win Contest. Colors Bangla Cinema invites everyone to join the celebration of cinema, entertainment, and the joy of winning gold and silver coins this December!”
Supported by Special Partner Dear Government Lotteries, a spokesperson mentioned, ‘Collaborating with Colors Bangla Cinema, the No. 1 Bengali movie channel, is a continual pleasure. With the Filmy Fulki festival, a blockbuster initiative, Colors Bangla Cinema is poised to receive tremendous audience love, further solidifying our aim to reach a larger audience base.’
Mark your calendars, set your reminders, and dive into the ultimate entertainment showdown – Filmy Fulki exclusively on Colors Bangla Cinema, heating up the winter chills from 1st December, every day at 1:00 PM!
7, Dec 2023
Adani Kattupalli Port in association with Adani Foundation distributed food to Cyclone victims in TamilNadu districts
Chennai: December 07th, 2023: Adani Kattupalli Port, in association with the Adani Foundation, provided food to mostly Irula fishermen as well as to other people, including farmers in and around the Kattupalli Port. Tiruvallur district was one of the four districts that was hit very badly, as the district is close to the South Andhra Coast, where the cyclone made landfall. The Adani Foundation team members divided themselves into 6 teams of 12 members, and with the use of vehicles from the panchayats as well as private vehicles, food was distributed to the people.
More than 6,000 people benefitted from 10 village panchayats on December 3, 4, and 5. Severe Cyclone Michaung crossed the Chennai coast on December 4 and even before that, it started to rain in four districts of Chennai, Kancheepuram, Tiruvallur, and Chengalpattu. In many areas, people were affected very badly as rainwater entered their homes and the area was flooded.
In some of the areas where waterlogging occurred, we used tractors to provide food. We planned on December 1 and brought cooks from the Ponneri area on December 3rd night. In the Kattur panchayat community kitchen, Adani Foundation team cooked Sambar rice, Tomato rice, Brinji, and Upama and took them to the doorsteps of fishermen. Many fishermen and their family members were happy to receive the food served on paper plates.”
The Adani Foundation team members visited the flood-affected areas to measure the needs of the people. “Some of the villages are Kulathamedu, Kallukadimedu, Rajarethinam Nagar, Kattur Colony, A R Palayam, Thathamanji, Athipettu, Nanthiyampakkam, Pudunagar and Tamilkuranjur to assess the further needs of the people.”
Speaking on the occasion, Adani Kattupalli management said, “When Cyclone Michaung was crossing the Chennai coast, it started to rain very heavily in and around Kattupalli Port, and it was then that we started to distribute food to many people. This is the noble cause of providing food to people living in the flood-affected areas in the districts across Tamil Nadu.
6, Dec 2023
K-tech center of excellence on Machine Intelligence & Robotics at IIIT-B Launches K-VLSI Skilling Program
Bangalore December 6, 2023: Shri Priyank Kharge, Honorable IT & BT Minister, Karnataka Government launched the K-VLSI program at the Bangalore tech summit.
Dr.Ekroop Caur, IAS, IT, BT & ST Secretary to Karnataka Government, Shri. Darshan H.V IAS, Managing Director, Smt. Champa E, General Manager, from the Department of Electronics Information Technology Biotechnology and Science & Technology, Government of Karnataka, Prof. Debabrata Das, Director, IIIT-Bangalore along with the team of faculty members were present at the occasion.
Electronics System Design and Manufacturing is a growth sector for Karnataka. The availability of skilled resources is a critical impediment to the growth of this sector. A specialized VLSI skilling program to develop a talent pool that can be First Day First Hour ready to be employed is much needed for the industry. After much deliberations with all the stakeholders from industry bodies like IESA, SFAL, industry veterans, and KDEM, IIIT-B has designed a program that is a combination of academic rigour and application focus.
Structure & Duration of the Program:
K-VLSI is an Advanced Certificate Program in VLSI design for 6 months with a focus on theoretical and practical knowledge with extensive exposure to industry-relevant projects and 3 3-month internships with the Industry. The theoretical input will be full-time classroom sessions by IIIT-B faculty and the practical knowledge with hands-on tools will be delivered by IIIT-B’s training partner Futurewiz. Some of the important elements of VLSI including System design, system verification, and embedded systems will be covered in the course. Engineering graduates in electrical, electronics, and computer science disciplines are eligible to apply.
Prof. Madhav Rao, IIIT-Bangalore who is spearheading the course says, “We felt the need to start this programme as there is a dearth of manpower in semiconductor companies. Through this course, we aim to make students semi-conductor designing industry ready.”
6, Dec 2023
Air India Express Elevates Guest Experience With The Launch Of Vista Vip Fares On New Multi-Class Configuration Aircraft
Bangalore, 6th December 2023: Air India Express announces the introduction of Vista VIP fares, with spacious seats with extra legroom on routes operated by the airline’s latest addition to its fleet, the state-of-the-art Boeing 737-8 aircraft.
With a commitment to providing an elevated travel experience, Vista VIP offers an array of features that enhance guest comfort and convenience. Guests booking Vista VIP fares will enjoy spacious seats with extra legroom, an increased baggage allowance of 40 Kg on international flights and 25 Kg on domestic flights, delectable Gourmair hot meals, and the convenience of Xpress Ahead priority services.
Vista VIP fares are now available for booking on Air India Express’s award-winning app and website (airindiaexpress.com), as well as other major booking channels. Additionally, guests booked on other fares have the flexibility to upgrade to Vista VIP seats through the call centre, at the airport, or once on board with an upgrade fee.
Air India Express, with a fleet of 57 aircraft comprising 29 Boeing 737s and 28 Airbus A320s, operates over 300 daily flights, covering 30 domestic and 14 international destinations. The airline’s recent brand refresh centered around the theme ‘Fly as You Are,’ underscores its commitment to digitally empowered personalization, offering a range of amenities such as Gourmair hot meals, comfortable seating, AirFlix in-flight entertainment, and exclusive loyalty benefits.
6, Dec 2023
Adani Foundation Facilitates Livelihood Opportunities for 111 Persons with Disabilities
Bhuj, Gujarat, December 5, 2023 – The Adani Foundation is committed to support persons with disabilities through livelihood opportunities. It had organized a large-scale employment fair in Mundra, ahead of the International Day of People with Disabilities (December 3). These efforts culminated into a one-of-a-kind celebration in Bhuj (Kutch district), wherein appointment letters were awarded to 111 persons with disabilities. The candidates have received employment in Adani Group and other companies located in and around Mundra.
This event was graced by the presence of Jeet Adani, Director, Adani Group; V.J. Rajput (IAS), Commissioner for Persons with Disabilities, Government of Gujarat; Vasant Gadhavi, Executive Director, Adani Foundation; Rakshit Shah, Executive Director, Adani Ports and Special Economic Zone (APSEZ); Nimesh Pandya, Additional Collector – Bhuj; Dipesh Shroff, President – Kutch Nav Nirman Abhiyan; and S.K. Prajapati, District Development Officer – Kutch.
The Adani Foundation worked in alignment with APSEZ and 20 other companies. As a result, 111 candidates received jobs and 50 candidates received equipment support to become self-employed. Jeet Adani, Director, Adani Group, said, “We are augmenting our efforts in this direction, as part of which more than 100 persons with disabilities received employment opportunities at Adani and many other companies. As a society, each one of us should contribute to this cause and I pledge to contribute whole-heartedly to this mission”.
Since 2014, the Adani Foundation is dedicated to mainstream differently-abled persons through its Swavalamban project by supporting them in their journey towards self-reliance. Over the years, the Foundation has been celebrating International Day of People with Disabilities at the taluka/district level by providing equipment support, organizing employment fair, facilitating Government schemes, and supporting creative and entrepreneurial aspirations. Till date, the Swavalamban project has supported 800+ individuals.
V.J. Rajput, Commissioner for Persons with Disabilities during his presentation said that the Government offers many schemes and benefits which should be availed by a maximum number of people. “The Adani Foundation’s efforts mark a new beginning. We need to identify the innate talent of persons with disabilities and help them to become self-reliant in society,” he said. In addition, he expressed his interest in starting a mobile court facility in the Kutch district.
The services facilitated by the Adani Foundation include raising awareness and providing counselling to avail disability certificates as well as benefits under different Government schemes – for example, bus pass and other public transport services for commuting, pensions, e-shram card etc. Many are also supported with equipment like hand carts, flour mill machines, sewing machines, cabins to set up shop, walker, prosthetic limbs, rickshaws,s, etc. Vasant Gadhavi, Executive Director, of Adani Foundation, said “The Adani Foundation works across India in many areas in the social development sector, but this is one of the core areas of focus in Mundra for the last seven years. We remain committed to take these efforts to the next level in the times to come.”
These sustainable livelihood opportunities enhance the quality of life of persons with disabilities, while promoting inclusive and diverse communities. Vishnu Prajapati, one of the candidates, expressed happiness and said “I am thankful to the Adani Foundation for helping me get employment that aligns well with my capabilities and skills.” Another candidate Avni Jethva conveyed gratitude to the Adani Group for this opportunity and said that “I am hopeful that in the future too, the Foundation will set a remarkable example by continuing to do meaningful work for the welfare of the community.”
6, Dec 2023
Life Insurance Corporation (LIC) has emerged as the fourth-largest global life insurer as per the “Top 50 Life Insurers in the World” ranking by S&P Global Market Intelligence
In a major recognition of its financial strength, India’s state-owned Life Insurance Corporation(LIC) has emerged as the fourth largest global life insurer, according to a new ranking, based on life and accident & health reserves, by S&P Global Market Intelligence.
Companies are ranked by 2022 life and accident & health reserves. Life and accident & health reserves generally represent a liability to provide for future commitments under outstanding policies.
