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Sambalpur University Results 2008
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Arts, Science, Commerce +3 First Year Results
1st Sem MCA 104 (Communicative English) Re-Exam Notice
1st Proffesional MBBS Exam (July, 2008) Notice
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Orissa Exam Results » Sambalpur University
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Wednesday, July 16, 2008
Rajasthan University Results 2008 declared
- M.A. Final Philosophy, M.A. Final French Results
Rajasthan Examination Results » University of Rajasthan Results
- Announced on 16th July, 2008
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Rajasthan Examination Results » University of Rajasthan Results
- Announced on 16th July, 2008
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Katrina deserves happy ending
Gorgeous Katrina Kaif seems to be having a ball of a time in her career after delivering five back to back hits in a row like Namastey London, Partner, Apne, Welcome and Race. Not only this, there is also positive reports in the trade circle regarding her upcoming releases Singh Is King and Yuvraaj.Undoubtedly Kat baby is considered amongst the select few who commands a price and receives it. It seems she believes in the proverb; make hay while the sun shines, and is really making sure that she gets the most from this golden phase of her career. But is it that in this process she isn't been able to concentrate on her personal life? We all are aware about the rift developing between this babe and her beau Salman Khan.
The way this diva is choosing the right filmy scripts at the moment, we hope that she also concentrates in constructing a positive script when it comes to her love life with Sallu. After all everyone likes to see a happy ending.
Source: http://entertainment.oneindia.in
SpiceJet gets Rs 340-cr Ross funding
The US private equity fund house's investment, however, will not trigger an open offer
The board of directors of budget carrier SpiceJet has accepted US-based firm WL Ross' offer to infuse $80 million (Rs 340 crore) in tranches in the cash-strapped airline. The funding was needed by the carrier to stay afloat and fulfill aircraft acquisition commitments. SpiceJet had been looking for a $100 million funding for a while now.
The deal was brokered by Rothschild, the second biggest deal in the Indian aviation space after Air Deccan's acquisition by Kingfisher last year. However, the exact structure of the funding is not made known.
"The deal closing will take another two weeks or so and only after that will the details be made known. But all the regulatory requirements and foreign direct investment guidelines have been met in the structuring of the deal," Amitabh Malhotra, director, Rothschild, said.
There is a cap of 49 per cent for foreign investors in the aviation sector. The deal has been structured in such a way that it will not trigger a open offer, which is mandatory if the stake bought is over 15 per cent in a listed company.
WL Ross, which picks up distressed companies and turns them around, is likely to buy foreign currency convertible bonds (FCCBs) that Goldman Sachs and Dubai-based investor Istithmar, SpiceJet's shareholders, have in an escrow account. The bonds were issued in December 2005. Sources said that it was unlikely that any of the large shareholders in the company would lose any stake.
What swung the deal in favour of Ross, according to bankers close to the deal, was the commitment to the low-cost model.
"Though the external environment is the biggest villain in aviation right now, SpiceJet is one of the most efficiently run airline and is a value proposition. Here is the chance to prove oneself and this gives the fund the exact opportunity to do so," Malhotra said. It is not clear as to how long Ross will stay invested in SpiceJet. , though there are indications that the firm might seek to exit when things brighten up for the sector.
"As a result of this funding, the airline has adequate funding for the short and medium terms and as far as the investors are concerned, there is no preferential lock-in period of one year," said a banker close to the deal.
In a move to consolidate the board, Wilbur Ross, chairman and CEO, WL Ross and Ranjeet Nabha, the company's managing director in India, are expected to join the SpiceJet board of directors, said a company release.
WL Ross, a part of Invesco since October 2006, manages assets for institutional investors in the US, Europe and Asia. This is Ross's second investment in India. Ross acquired suit maker OCM India for $37 million in February 2007.
According to figures from the civil aviation ministry for June, SpiceJet is the second-largest low-cost carrier in India after Simplifly Deccan with a market share of 10.8 per cent. The carrier operates 94 flights a day with its 15-aircraft fleet.
Source: business-standard.com
The board of directors of budget carrier SpiceJet has accepted US-based firm WL Ross' offer to infuse $80 million (Rs 340 crore) in tranches in the cash-strapped airline. The funding was needed by the carrier to stay afloat and fulfill aircraft acquisition commitments. SpiceJet had been looking for a $100 million funding for a while now.
The deal was brokered by Rothschild, the second biggest deal in the Indian aviation space after Air Deccan's acquisition by Kingfisher last year. However, the exact structure of the funding is not made known.
"The deal closing will take another two weeks or so and only after that will the details be made known. But all the regulatory requirements and foreign direct investment guidelines have been met in the structuring of the deal," Amitabh Malhotra, director, Rothschild, said.
There is a cap of 49 per cent for foreign investors in the aviation sector. The deal has been structured in such a way that it will not trigger a open offer, which is mandatory if the stake bought is over 15 per cent in a listed company.
WL Ross, which picks up distressed companies and turns them around, is likely to buy foreign currency convertible bonds (FCCBs) that Goldman Sachs and Dubai-based investor Istithmar, SpiceJet's shareholders, have in an escrow account. The bonds were issued in December 2005. Sources said that it was unlikely that any of the large shareholders in the company would lose any stake.
What swung the deal in favour of Ross, according to bankers close to the deal, was the commitment to the low-cost model.
"Though the external environment is the biggest villain in aviation right now, SpiceJet is one of the most efficiently run airline and is a value proposition. Here is the chance to prove oneself and this gives the fund the exact opportunity to do so," Malhotra said. It is not clear as to how long Ross will stay invested in SpiceJet. , though there are indications that the firm might seek to exit when things brighten up for the sector.
"As a result of this funding, the airline has adequate funding for the short and medium terms and as far as the investors are concerned, there is no preferential lock-in period of one year," said a banker close to the deal.
In a move to consolidate the board, Wilbur Ross, chairman and CEO, WL Ross and Ranjeet Nabha, the company's managing director in India, are expected to join the SpiceJet board of directors, said a company release.
WL Ross, a part of Invesco since October 2006, manages assets for institutional investors in the US, Europe and Asia. This is Ross's second investment in India. Ross acquired suit maker OCM India for $37 million in February 2007.
According to figures from the civil aviation ministry for June, SpiceJet is the second-largest low-cost carrier in India after Simplifly Deccan with a market share of 10.8 per cent. The carrier operates 94 flights a day with its 15-aircraft fleet.
Source: business-standard.com
Sania Mirza and Shahid Kapoor in Love All?
Shahid Kapoor has been linked to many lovely ladies ever since he broke up with Kareena Kapoor and his latest romantic tangle is with tennis sensation Sania Mirza.While some sections of the press were busy delving into a Shahid –Vidya Balan angle, Shahid and Sania were enjoying time together. Recently, Sania and Shahid decided not to bother about gossip-mongers, and spent nearly eight hours together on the sets of director Vishal Bharadwaj’s Kaminay, which also stars Priyanka Chopra and Amol Gupte.
Says a source from the sets of Kaminay, “It was a 7 am shift. Sania and Shahid did not come together, but once Sania dropped by, Shahid and Sania were almost inseparable. What was surprising was that they were very open about their relationship. Their body language said it all. When Shahid was not facing the camera, he spent all his time with Sania. Sania spent a lot of time with Shahid in his vanity van.”
Apparently Sania was cheering Shahid in all the scenes and checking out the scenes on the monitor.The Shahid- Sania romance first came into light when the two spent some time together in a hotel in Bangalore, last year. Thereafter they have been spotted together many times
Source: newsline365.com
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