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Jewar airport near Noida gets in-principle approval
In a development welcomed by entrepreneurs, the Greenfield Airport at Gautam Budh Nagar’s Jewar has been given in-principle approval by Central government’s Project Monitoring and Implementation Committee, said media reports.
Yamuna Expressway Industrial Development Authority (YEIDA) Chairman Prabhat Kumar said on Twitter: “Happy to inform that Steering Committee headed by Secretary Civil Aviation, GOI today in its meeting considered proposal for In-Principle approval of Jewar Airport and have granted In- Principle approval. Another important mile stone successfully cleared by Jewar Airport.”
Earlier this month, the Ministry of Civil Aviation set up the said panel to expedite the completion of the project and said that the foundation stone of Jewar airport could be laid as early as October this year, said a report in The Indian Express (IE). Around 5,000 ha land has been identified by YEIDA for the project, of which 240 ha belongs to the state government and rest is with private owners. The first phase of acquisition by YEIDA of land measuring 1,327 ha for construction of terminal buildings and runways is expected to be initiated in June 2018, the IE reported.
The detailed project report and techno-economic feasibility report for the project has been prepared by Pricewaterhouse Coopers (PwC).
If all the land required for it is purchased or acquired within a year, the airport can be made operational by 2022, said a report in The Times of India, quoting the PwC report.
The government will follow the PPP mode for its development and work will take place in four phases with approximately Rs 15,754 crore to be spent on it.
The airport will have two runways with a capacity to handle 70 million passengers annually. The cargo airport will be developed to handle 3 million metric tonnes per year.
“The meeting in Delhi was attended by principal secretary (civil aviation) SP Goyal and other senior members of the government. Work on the project had started in April 2017 and it is because of the coordination between the centre and the state that within one year it has been accorded an in-principle approval. On July 6, 2017, the steering committee had given it site clearance. The Yamuna Expressway Industrial Development Authority has been appointed the nodal agency for this project,” said a senior government official.
The in-principle approval to the airport project came 16 years after it was conceived by the Uttar Pradesh government. Since nothing happened in the last decade-and-a-half, many were sceptical of the approval without further delay.
On June 24, 2017, the Ministry of Civil Aviation (MoCA) had given its approval for work to begin on the techno-economic feasibility report (TEFR) of an international airport at Jewar.
The approval for the site was received after Uttar Pradesh’s chief minister Yogi Adityanath revived the project in 2017 by sending a proposal to the ministry.
Builders, entrepreneurs and other businessmen are upbeat after the in-principle approval to the airport project at Jewar, with the hope that it would fuel local economy, said media reports.
Entrepreneurs said that the Jewar airport will do for Noida what the Indira Gandhi International airport has done for Gurugram.
“It’s big news for the real estate business in this region because the airport will be the biggest job creator here. It will benefit Noida, Greater Noida and the Yamuna Expressway region as it will bring investment from global investors and create local businesses,” said Vipin Malhan, president, Noida entrepreneur association, according to a media report.
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Flipkart Big Billion Days sale to begin from October 8; check discounts and offers here
The Flipkart Big Billion Days 2023 sale for this year will begin on October 8 and last until October 15. Members of Flipkart Plus will once again have access to the deal one day early.
Dates for Flipkart’s Big Billion Days sales are officially confirmed. On October 8, the seven-day online sale will start in India. The e-commerce company promises exciting deals and offers on hundreds of products, including mobile phones, laptops, tablets, smartwatches, earbuds, and smart TVs, among others, with new product launches and more.
Flipkart Plus members will receive 24-hour early access to the sale, just like in previous years. In order to provide immediate discounts for purchases made using their cards and EMI transactions during the sale, Flipkart is collaborating with a number of lenders, including ICICI Bank, Axis Bank, and Kotak Bank. Also available to interested purchasers are Paytm-based promotions.
Price reductions are expected for smartphones from companies including Apple, iQoo, OnePlus, Samsung, Realme, and Xiaomi during the sale.
During the sale, the recently introduced Samsung Galaxy S23 FE, Vivo T2 Pro 5G, and Moto Edge 40 Neo will all be made available for the first time in the nation. With a coming soon tag, the website’s page teases the Vivo V29 series. On October 4, the lineup is expected to debut in India.
On Wednesday, the world’s largest online retailer unveiled some smartphone bargains, which you can view here.
The Flipkart Big Billion Days 2023 sale for this year will begin on October 8 and last until October 15. Members of Flipkart Plus will once again have access to the deal one day early.
It is official that the sale event would provide up to 80% off of smartphones, other electronics, accessories, smart TVs, and home appliances. Up to 90% off will be offered on fashion items, while up to 80% off will be offered on sports, cosmetics, and home décor items.
Flipkart will provide customers an instant discount of up to 10% on purchases made using specific ICICI Bank, Axis Bank, and Kotak Bank debit and credit cards.
During the event, Paytm customers can take advantage of guaranteed savings on Paytm, UPI, and wallet transactions. For their purchases, customers can also use the Flipkart Pay Later function. There are also exchange savings and no-cost EMI options.
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Reliance Jio Air Fiber to be launched today: Checkout features here
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, during the annual general meeting on August 28,2023 announced the launch of Jio AirFiber on Ganesh Chaturthi. JioFiber features integrated security firewall, support for WiFi 6 and parental controls.
Reliance Jio is set to launch Jio AirFiber, a wireless internet solution today. This service is intended for both offices and homes. It offers speeds upto 1.5Gbps which can be used for activities like lag free video conferencing, online gaming and high definition video streaming.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, during the annual general meeting on August 28, 2023 announced the launch of Jio AirFiber on Ganesh Chaturthi. JioFiber features integrated security firewall, support for WiFi 6 and parental controls.
Jio AirFiber is looking to tap a massive untapped market of over 200 million Indian households. JioAirfiber will be priced competitively at around Rs 6000 as it includes a portable device unit. Jio AirFiber uses 5G technology to provide high speed internet access. It accommodates sets top boxes, smart TVs, tablets, PCs, smartphones and multiple devices while maintaining top notch internet speed.
Jio AirFibre makes a wireless approach establishing digital connections between offices and homes through wireless signals. This eliminates the need for fibre cable and depends on clear line of sight communication with Jio towers. Another major advantage of Jio AirFibre is its extensive coverage potential as it does not depend on physical infrastructure limitations like JioFiber. It is designed to be user friendly plug and play solution.
Jio AirFibre will be available in select cities only. Reliance plans to expand the service more cities in the coming months. Jio AirFibre has large number of features like WiFi 6 support, unlimited data usage and high speed internet connectivity. The WiFi6 support provides faster speeds, better performance and OTT subscription.
The launch of Jio AirFibre will have a major impact on the Indian broadband market. Jio is known for innovative plans and aggressive plans. The rollout of the Jio Air Fibre can lead to other broadband providers to improve their services and reduce their prices.
India News
Uday Kotak steps down as MD and CEO of Kotak Mahindra Bank
Kotak Mahindra Bank’s managing director and chief executive officer, Uday Kotak, resigned with effect from September 1.
Kotak Mahindra Bank’s managing director and chief executive officer, Uday Kotak, resigned with effect from September 1.
The bank has said that as an interim arrangement, Dipak Gupta, the joint managing director will perform the duties of the managing director and CEO until December 31, subject to the approval of the RBI and the members of the bank.
Uday Kotak said he is stepping down to facilitate the succession plan at the bank in a communication on social media on Saturday.
Kotak will continue as a non-executive director of the bank. Uday Kotak’s tenure as the chief executive officer and managing director of the bank ends on December 31, 2023.
Uday Kotak said on X that the chairman of the bank, Joint MD and including himself to step down by year-end. He said the succession at Kotak Mahindra Bank has been foremost on his mind. He is keen to ensure a smooth transition by sequencing these departures. He initiated this process now and stepped down voluntarily as CEO, Kotak said.
Kotak said the bank awaits RBI approval of the proposed successor and as an interim his colleague Dipak Gupta, currently Joint MD, will function as MD & CEO, subject to approvals.
He further said that he is deeply attached to the brand Kotak as he is the founder of the bank and he will continue to serve the institution as a Non-Executive Director and significant shareholder. He said that having an outstanding management team to carry the legacy forward. Founders go away, but the institution flourishes into perpetuity, Uday Kotak said.
Uday Kotak stated that JP Morgan and Goldman Sachs dominate the financial world and dreamed of creating such an institution in India. He further said that it is with this dream that he started Kotak Mahindra 38 years ago, with 3 employees in a 300 sqft office in Fort, Mumbai. He had deeply cherished every bit of this memorable journey and lived his dream.
