Young Indian women boxers make India proud, bring home Gold

The young women’s boxing team from India have reinstated their exceptional skill at bare-knuckle pugilism in the city of Istanbul, by bringing home 1 Gold, 4 Silver and 4 Bronze medals from the hence concluded Ahmet Comert Boxing Tournament  on October 17,2017. The lone gold medal has been won by Soniya in a fight against Zhazira Urakabeva from Kazakhstan, under the 48 kg category.

The silver medals have been won by Niharika Gonella, Shashi Chopra , Parveen and Ankushita Boro, while bronze medals have been brought home by Tilotama Chanu, Jyoti Gulia , Lalita and Manisha.

Ahead of the final match, the team had assured the country of winning at least 9 medals on Friday, October 15, since nine of them qualified during the semi finals. the team had assured the country of winning at least 9 medals.

The Ahmet Comert Boxing Tournament attracted a total of 90 young women boxers from 11 countries like Turkey, India, Russia, Kazakhstan, Ukraine, Thailand  Tajikistan, Armenia, Bulgaria, Australia and Mongolia.

This tournament, which is organised by Istanbul’s Boxing Federation, along with a practice session in Kazakhstan organised by Boxing Federation of India (BFI), is important for the young women boxers in order to prepare them for the forthcoming AIBA World Youth Boxing Championship that would be held at Guwahati in November this year.

BFI Chairperson Ajay Singh has high hopes from these jubilant boxers, and with World Boxing tournament coming to India, he shared even higher aspirations saying, “This shows that the world fraternity has accepted us back into the fold. We can only go higher from here.”

Sources: Indian Express, Times of India

SpiceJet ordered to pay Rs 580 crore by Delhi HC

The Delhi High Court ordered SpiceJet to pay Rs 580 crore in a share transfer dispute case heard on Friday. It also asked SpiceJet and Kal Airways to consider arbitration proceedings to reach a consensus over the dispute.

Sun Group owner, Kalanithi Maran and his airlines, Kal Airways accused SpiceJet for not issuing share warrants in favour of Maran. The ownership of the airlines changed hands and was transferred to Ajay Singh, the current promoter of SpiceJet Ltd in February 2015.

Maran and Kal Airways had transferred their entire 350.4 million shares in SpiceJet, or 58.46% stake. Despite giving around Rs 579 crore to SpiceJet, the share warrants were not transferred.

The Delhi High Court directed SpiceJet board to pass a resolution regarding issuance of warrants to Kalinithi Maran in March 2016. Judge Manmohan Singh gave SpiceJet airlines a period of five months to deposit the amount in five installments. The court will retain the amount till the final decision of the case.

ANI reported that Kalanithi Maran has also demanded the return of Rs 690 crore that his company paid for operating cost and debt payment at the time of transfer.

Sources: dnaindia.com, The Indian Express, ANI

Tata accuses older airlines for building ‘Monololistic pressures’; Spicejet hits back

Ratan Tata on Sunday accused airlines for retaining controversial 5/20 rule that restricts new airlines to fly overseas. Ratan Tata accused these airlines for lobbying and using their ‘Monopolistic pressures’.

Ratan Tata is associated with Vistara and AirAsia. Replying to the statements made by Ratan Tata, SpiceJet Chief Ajay Singh advised Vistara and AirAsia to serve nation first and then think of flying overseas. “No country in the world, including Singapore and Malaysia, allows its airlines to be controlled by foreign airlines. If Indian Airlines like SpiceJet and IndiGo are not allowed in these countries, why should they be allowed to control airlines in India?” he added.

Mr. Singh also said that both the airlines are controlled by their foreign parents and they had undertaken, while licensing to follow 5/20 rule. Tata runs these two airline in a joint venture. To fly abroad, airlines should have five years of operational experience and 20 planes in its account. Government of India is in advanced stage of modifying civil aviation policies.

One of the proposals is to scrap 5/20 rule to which Tata applauded on Sunday while several older airlines such as Jet Airways, IndiGo, SpiceJet and GoAir  are strictly opposing any move to scrap 5/20 norm.

 

Sources: The Economic TimesNDTV.