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Kingfisher Airlines employees end strike
Report dated 26/10/2012 @ 3:58 PM
Kingfisher Airlines staff have agreed to end their strike over unpaid wages and return to work. The airline, whose fleet has been grounded since October 1 will however be unable to resume operations till it has persuaded aviation regulators to reinstate its flying licence that was suspended recently. The striking staff agreed to the management's new offer under which they will receive at least four months' worth of unpaid salaries by Christmas.
Kingfisher has been one of India's worst-hit airlines plagued by high jet fuel prices, fierce competition, price wars and a shabby airport infrastructure. It was India's second-largest airline till a year ago but has just 3.5% of market share now
Chief executive Sanjay Aggarwal said all employees are in this bind together and look forward to getting the airline going shortly.
Kingfisher chairman Vijay Mallya thanked staff for their faith and continuing commitment, but is seeking a foreign buyer to save his airline from complete collapse, something that experts believe will be very difficult indeed.
As it stands Kingfisher's total debts total $2.49 billion.
Mumbai is World's worst city to live in
Report dated 26/10/2012 @ 3:56 PM
A fortnight after a Pricewaterhouse-Coopers 'Cities of Opportunity 2012' report was released, and Mumbai was chosen the worst city to live in among 27 cities surveyed and ranked based on variables as cultural vibrancy, quality of life, working age population and traffic congestion, experts were consulted to find out if they agreed with the findings. Most experts were in agreement with the results.
Viren Shah president of the Retail Traders Welfare association said he agreed with the report as Mumbai is not friendly to traders, so many choose Gujarat instead. Dr Ashok Kothari environmentalist and former honourable secretary of BNHS said Mumbai's position seems appropriate considering the degradation of the biodiversity there. Transport expert Jitendra Gupta said he agreed with the report as infrastructure apart from the British planned railways does not exist in the city.
In the report Singapore was rated at the top and London and New York were also listed among the best cities to live in.
Millionaire deities leave for Kullu Dussehra
Report dated 24/10/2012 @ 3:25 PM
Under police surveillance, palanquins of nearly 50 deities adorned with gold silver and other precious metals, the millionaire deities of Kullu have begun the three to four-day long journey to the Dussehra festivity starting October 24.
Some deities from close to Shimla have already made the halfway journey and some 70 deities from Banjar and Sainj valleys have also started their gand rath yatra - the procession of the chariot of Lord Rama. Each palanquin is accompanied by upto 2000 devotees. All the deities have been given land in Kullu where they will remain for a week and accommodations will be made available for priests and honourable persons at the venue.
Special bomb disposal squads, a riot control force and sniffer dogs are also being arranged and CCTVs have been installed at various places.
Yash Chopra cremated as Bollywood bids farewell
Report dated 22/10/2012 @ 10:20 PM
With moist eyes and prayers on their lips, family and friends bid farewell to Indian cinema's 'King of Romance' Yash Chopra at a crematorium in Mumbai (Oct 22).
The body was kept at the Yash Raj Films studio since the previous night for people to pay their respects.
Chopra passed away at the Lilavati Hospital at 5.30 pm on Oct 21 due to dengue and multiple organ failure.
Chopra, who celebrated his 80th birthday on September 27, had announced his retirement from direction after a career spanning five deacades.
Jab Tak Hai Jaan, his 22nd and last film, starring Shah Rukh Khan, Katrina Kaif and Anushka Sharma, is slated to release on November 13. A song from the film was to be shot in Switzerland on a grand level but the trip had to be cancelled after Chopra was admitted to hospital on October 13.
Born on September 27, 1932 in Lahore, now in Pakistan, Chopra was the youngest of eight children, one of whom was elder brother B R Chopra, who was already an established name in the film industry.
Chopra came to Mumbai with Rs.200 in his pocket and dreams of becoming a filmmaker though his family wanted him to take up the profession of engineering.
He started his journey in the film industry as an assistant to I S Johar and later worked under his elder brother, making his directorial debut in 1959 with Dhool Ka Phool.
A trendsetter, Chopra directed Dharamputra, Ittefaq and Indian cinema's first multi-starrer Waqt.
He set up his own production company Yash Raj Films in 1970 and made his first movie Daag under the new banner.
Then came Deewar, which gave Amitabh Bachchan the image of the Angry Young Man. He directed other intense films like Trishul, Kaala Patthar, Mashaal, Vijay before shifting to the romance genre with Silsila and Kabhie Kabhie.
Romance became the main element in his later films like Chandni, Lamhe, Dil Toh Pagal Hai and Veer-Zaara.
Kingfisher Airlines' flying licence suspended
Report dated 21/10/2012 @ 7:12 PM
The Directorate General of Civil Aviation has suspended the flying licence of Kingfisher Airlines for failing to present a viable plan for its financial and operational revival and resolve the impasse with its employees over payment of their salary dues. The licence has been suspended till further orders.
Suspension of a flying licence implies an immediate halt to all bookings on the entire Kingfisher network, as well as through travel agents.
The Airline owned by Vijay Mallya has been saddled with a loss of Rs.8000 crore and a debt burden of another over Rs.7500 crore. It currently has only 10 operational aircraft compared to 66 a year ago.
The airline has been under lockout and resultant suspension of entire operations. It had sought more time to respond to the DGCA's show-cause notice but did not give a timeline. The deadline expired resulting in the licence suspension.