Battle for Air India: Tata Group Vs Spice Jet CEO Ajay Singh By knowledgesource2

Battle for Air India: Tata Group Vs Spice Jet CEO Ajay Singh

  After more than 18 months, the fight for Air India is reaching its final stages.

Two people are bidding for the airline, Ajay Singh, CEO of Tata Group and SpiceJet

With the airline set to go private in a matter of months, here's where both sides stand with their bids.

History and current situation of air India

Air India has been attracting the attention of the Government of India for the last 4 years.

The airline surrounded by problems is struggling for more than a decade,

  And is drowning in billions of debts and there is a massive annual financial loss to the government.

for that

  2017 May, the government wanted to sell Air India, but at that time no one wanted to buy Air India. There were many big reasons behind it, the first big reason was that the government wanted to keep 24 percent share with itself so that the companies felt that the government would interfere in it. The second was that Air India had a lot of debt.

  After a failed attempt to sell 76% of Air India in 2017, the government came back with an offer to sell 100% of Air India in January 2020.

However, things did not go according to plan. Just two months after the privatization process began, COVID-19 decimated the global aviation industry. Those who wanted to buy Air India quickly bid to save their own businesses from bankruptcy. Air India has a total debt of 60 thousand crores and the one who buys it will have to pay only 23 thousand crores.

In December 2020, after months of negotiations, the government officially closed the bidding for Air India.

  Four people wanted to buy it when four groups started the race formally. But later due to some reason, 2 groups refused to buy.

The race is now down to two prominent names, the first being the Tata Group and the second being Ajay Singh, CEO of SpiceJet. Both companies have an important share in the airline industry.

Tata has majority shares in Vistara and AirAsia India and has big plans for the flag carrier. However, before that, the question of bids and funding is the first hurdle.

Aur Ajay Singh is the CEO of spice jet.

 It is important to note that all discussions are secret and all the details here are from external sources. However, as the race enters the final stages, we have a clear picture of how much both the bidders are planning to pay for the airline.

Ajay Singh spice jet CEO's Funding For Air India.

SpiceJet CEO Ajay Singh may seem like a surprise bidder for an airline like Air India. According to Moneycontrol,

Ajay Singh is partnering with two US funds to raise 1 billion. This will be done by creating a Special Purpose Vehicle (SPV), which Singh will give an individual contribution of $300 million for the sale of his stake in SpiceJet cargo and utilizing around 60% stake in SpiceJet. The $700 million will come from two US-based investment companies, which are still unknown.

Tata Group funding for Air India.

 After Air India speed started, after the airline enabled. Tata wants to build Air India from the very beginning. In fact, it was the Tata Group that established Air India in the 1930s and was a world-renowned airline in the 1980s.

 For the multi-billion dollar conglomerate, the situation will worsen, the problem it may face. Nearby Vistara Airlines owns 51% and Air Asia India holds 83%. We know Tata's quote may have less description about Air India.

As the process is fast approaching the two-year mark, the government is adamant that Air India should either be shut down or sold. The last time for sale seems to be the end of the half-financial year 2021-22. This means the airline will be in private hands by the end of the first quarter of 2022.

  It is impossible to predict which of the two bidders will win in the bidding process. While Tata comes in with a long legacy in space and deep pockets, Ajay Singh is making a serious bid of his own. The coming months will tell us a lot more about the future of this historic airline. Whether it is Air India of Tata Group or Ajay Singh, CEO of SpiceJet.

Jio Emergency Data Loan Facility Launched by News Updates And knowledgesource2

Dependence Jio reports Emergency Data Loan office: Everything you need to know 

Dependence Jio Internet Packs: However, a client needs to have a functioning prepaid base intend to have the option to benefit from this assistance. 

Dependence Jio Emergency Data Loan: Reliance Jio is changing the standards of the game, as it has now acquired an office that would allow clients to profit from information borrowed and pay for it later. The plan is being designated "Crisis Data Loan" by Jio, and it means to give prepaid clients the office to benefit up to five information advance packs of 1GB each, converting into 5GB of information advance for an endorser. Ads by Eonads For this additional information, clients would be permitted to pay at a later stage, along these lines permitting clients who have depleted the apportioned information under their pack and can't buy add-on information packs to in any case get to the web. 

The Emergency Data Loan pack incorporates an information allotment of 1GB and it has been evaluated at Rs 11. The legitimacy for the pack is appended to the legitimacy of the base arrangement, and consequently, this extra advanced information can be utilized as long as the base arrangement is legitimate. Notwithstanding, a client needs to have a functioning prepaid base intend to have the option to profit from this help. 

The office can be gotten to through the MyJio application on the telephone, and once in the application, they would have to go to the menu. In the menu, clients would see the versatile tab, under which the Emergency Data Loan is required. Under the Emergency Data Loan flag, select Proceed, and afterward select the Get Emergency Data alternative. When finished with that, clients would have to tap on Activate Now and the pack would be enacted. 

The installment for this credit can likewise be made by means of the MyJio application. 

Be that as it may, the organization has not yet unveiled insights about the specific time by when the clients would be needed to pay for the credit. 

The move by Jio is significant considering the way that dynamic web association has been the help of numerous parts of life, including school, during the Covid pandemic, and considering the way that the dispatch of Jio had made it feasible for some low-pay families to likewise profit internet providers, the information advance office is probably going to prove to be useful. The move additionally can possibly accelerate into a contribution by any remaining players, which would assemble an information credit framework that could profit lakhs of clients in India.

Social Media To Promote Business

Now, if you're asking this question, chances are you don't know who your ideal customer is. You don't know where they hang out on social media.

Social media platform that you should use to promote your business?-

There are many platforms. You have got the big four of them. Right? Facebook, YouTube, Google and LinkedIn. The big four. If you're selling B2B, guess where should go, LinkedIn. If you're selling an Econ product that showcases well with visual, then maybe you should use Instagram to promote your product or service. Especially when it's low ticket. You're going after volume. Awesome. A lot of people on Instagram. A lot of people on Facebook. 

Almost everybody should use Facebook, almost everybody. Of course, you have YouTube. If you are willing to put in the work, it's going to take a lot of time.  Chances are you will have to make hundreds of videos and you have to put in a few years of your time in terms of creating content. Yes, you can use pay traffic.

Ads Of Your Business

 You can run ads on Google, on YouTube, on Facebook. That's a whole different conversation. We're talking about content here, right? So which social media platform that you should focus on that is dictated by where your audience is?

 But what I want to emphasize is this, that social media platform is not magic pill. You still need to know your metrics. You've got to have a funnel that converts, you've got to have an offer that works. You have to have a copy that sells. That doesn't change.

You Can Get The Eyeballs, Get The Costumers

Social media gets the eyeballs, gets the attention. That's good, but you still need to convert those. Because I don't want you to think, oh, if have a lot of followers, my problem is solved. If you have some followers, you're not converting, you're not converting 1000 people, 2000 people, you're not going to convert a 10,000 people. You're not going to convert at 100,000 people. More of something that doesn't work, doesn't multiply your results. Does that make sense? Comment below.

Remember this, that fame without fortune is frustration. Don't do it for fame. Don't do it for popularity. Unless you're that insecure, you need people's validation and you want people to like you and say, oh you're awesome and give you like little heart. I mean, if that's what you want, that's fine.

 Do it if you want to promote your brand. But what makes all this work, I believe what makes social media work, is one word,  copy words that motivate people to take action. Doesn't matter it's a title. Doesn't matter it's a description. Doesn't matter it's a learning page. Doesn't matter if it's an email. It is all copy. Copy, it's what converts attention into sales. What converts attention, followers into revenue. This  is bridge, this is that gap. If you are struggling with this, if you are getting attention but you're not getting income, you're not getting sales, chances are that's your missing key.