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Amid the brouhaha over alleged forced termination at edtech major <keyword id="2900267" type="General" weightage="100" keywordseo="byju" source="Orion">BYJU</keyword>'s, its founder and CEO Byju <keyword id="299516" type="General" weightage="80" keywordseo="raveendran" source="Orion">Raveendran</keyword> on Monday told employees that there is a huge price to pay for walking on the path to profitability and the company will part ways with 5 per cent or 2,500 employees to "avoid role duplication across our businesses". In a letter to employees seen by IANS, Raveendran said that bringing those who are parting ways "back by putting our company on a sustainable growth path will now be the number 1 priority for me". "I want to emphasise that the overall job cuts are not more than five per cent of our total strength," he said. Raveendran wrote that while nothing can really compensate for their loss, "we have made available the best possible exit package to you which includes extended medical insurance coverage for you and your family members, outplacement services led by some of the industry's finest recruitment specialists, fast-track full-and-final settlement, and a special provision to allow you to look for jobs while on our payroll". BYJU's recently announced to a reduction of 5 per cent of its 50,000-strong workforce (about 2,500 people), which will be "rationalised across product, content, media, and technology teams in a phased manner" in a bid to consolidate its India business. The Karnataka State IT/ITeS Employees Union (KITU) last week claimed that BYJU's, after <keyword id="6357416" type="General" weightage="50" keywordseo="thiruvananthapuram" source="Orion">Thiruvananthapuram</keyword> in Kerala, was forcing employees at its Bengaluru headquarters to resign. Raveendran said that some business decisions have to be taken to protect the health of the larger organisation, and pay heed to the constraints imposed by external macroeconomic conditions. "Over the past couple of weeks, you would have read or heard about our plans to rationalise our team size. Some of you, I understand, might be confused about this or maybe hearing conflicting statements," he said. He said that adverse macroeconomic factors have changed the business landscape, compelling tech companies around the world to focus on sustainability and capital-efficient growth. "BYJU'S is no exception to this trend. Our rapid organic and inorganic growth has created some inefficiencies, redundancies and duplication within our organisation, that we need to rationalise to realise this. At the same time, we need to continue to realign our resources towards innovation and future-growth oriented projects," said Raveendran. Around 140 employees from the 170-strong workforce at Technopark have been asked to leave. BYJU's has nearly 3,000 employees in Kerala. In an earlier statement, the company said it is "absolutely false" that BYJU's is forcing employees to resign. Raveendran said that "I am truly sorry to those who will have to leave BYJU's". "You are not just a name to me. You are not a number. You are not just five per cent of my company. You are five per cent of me," he told employees in the letter. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/curated-menus-butler-services-expansive-lounges-at-mumbai-airports-renovated-private-jet-terminal/articleshow/95202285.cms">Curated menus, butler services, expansive lounges at Mumbai airport's renovated private jet terminal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/over-2-lakh-jobs-created-each-day-this-festive-season-says-report/articleshow/95204035.cms">Over 2 lakh jobs created each day this festive season, says report</a>

Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran

A Delhi-based Whats App group consisting of Keralites led by a former judge and a former Union Minister played a key role in <keyword id="2360204" type="LOCATION" weightage="20" keywordseo="airlifting">airlifting</keyword> a Kerala IT professional from a UK <keyword id="6358650" type="UNKNOWN" weightage="20" keywordseo="hospital">hospital</keyword> to one in Kozhikode in an air ambulance that arrived on Friday. The <keyword id="790242" type="COMPANY" weightage="20" keywordseo="WhatsApp">WhatsApp</keyword> group is known as Distress Management Collective and was formed 50 days back. It is led by retired former apex court judge <keyword id="108280" type="PERSON" weightage="20" keywordseo="Kurian-Joseph">Kurian Joseph</keyword>. <div type="Article" hostid="261" msid="75341330" title="Coronavirus cases in India count crosses the 23,000 mark— with 718 dead and a 20.57% recovery rate" mstype="2" mssubtype="0"></div> Speaking to IANS, K.J. Alphons, presently an Upper House member said that everything was accomplished in a matter of two days. "We got in touch with a mayor in the UK, Tom Aditya and then permission was sought from a few departments from Delhi. The Kerala government also agreed and everything was done in a flash. We were told they did not want any sort of publicity. According to original schedule, they were supposed to land tomorrow, but they arrived today at Kozhikode airport," said Alphons. The 36-year-old IT professional, working with UST Global in the UK, was suffering from a terminal illness and the family wanted to reach Kerala. Their efforts were successful with the involvement of many, including Alphons and it happened during the Covid lockdown times, not a mean achievement, by any chance, people have applauded. The patient, his wife and their young child landed in Kozhikode after couple of stops for refuelling. A sum of Rs 1 crore was collected through crowd funding with the company also chipping in for airlifting him. The patient is now admitted to a private hospital at Kozhikode. <div type="Article" hostid="261" msid="75344399" title="PM Modi launches eGramSwaraj portal and app to help villages go digital" mstype="2" mssubtype="0"></div>

A WhatsApp group helps airlift ailing IT UK professional back to Kerala

<ul><li>Finance Minister <keyword id="129243" type="PERSON" weightage="20" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword> announced measures that will benefit both airline operators like IndiGo and SpiceJet, as well as developers like GMR, GVK, and Adani Group.</li><li>India opened up more of its airspace for airlines to ply, decided to put up more airport development projects for bidding. </li><li>Another major investment was Sitharaman’s bid to make India an MRO hub – Maintenance, Repair and Overhaul.</li></ul>India opened up more of its airspace for airlines to ply, decided to put up more airport development projects for bidding, and ease taxation as well as restrictions on maintenance and repair to bring down costs for aviation firms. These reforms announced by Finance Minister Nirmala Sitharaman will benefit both airline operators like IndiGo and SpiceJet, as well as developers like GMR, GVK, and Adani Group. <div type="image" title="indigo." msid="75775924" hostid="261"></div> <div type="image" title="spicejet." msid="75775928" hostid="261"></div> The government estimates airlines will save about ₹1,000 crore a year by flying shorter routes. “60% of the Indian airspace is freely available, because it is fairly restricted for civil and defence purposes, so we have been taking longer routes. This has to be rationalised for optimum utilization of time and fuel. Customers can get to their destinations quicker and cheaper,” Sitharaman said. More airport projects up for grabs The second step taken was that six more airports will be put up for auction by the Airports Authority of India and will be built on public private spaces. “Additional investments will be made by private players in 12 airports where investments are already present. The financial implications will be on the AAI. The first and second round of investments to get ₹13,000 crore,” said Sitharaman. India currently has several airport projects under construction – the Jewar international airport in Greater Noida, the Mopa Airport in Goa, Navi Mumbai international airport in Maharashtra, Sabarimala airport in Kerala among others. In April 2020, GMR got the go-ahead for the Bhogapuram airport in Andhra Pradesh. In February 2019, the Adani Group won a tender to operate all six government-owned Indian airports located in Ahmedabad, Jaipur, Mangaluru, Trivandrum (Thiruvananthapuram), Lucknow, and Guwahati. Making India an airline maintenance hub Another major investment was Sitharaman’s bid to make India an MRO hub – Maintenance, Repair and Overhaul. “Most Indian aircrafts go abroad for their repair works and spend there. But India has all the capacity – manpower and soft skills to set up an MRO hub here. India can be the centre for many of the flights for South East Asia as well as westwards,” she said. This will be a major step that we want to make sure India benefits from, she added. Not just the civil sector but defence aircrafts will also benefit from it. Through this, maintenance will also be cheaper for the aviation sector. The issue the MRO industry used to face because of the aircraft used to fly to other countries for repair. "In India we have a promising civil aviation sector, so we want the MRO sector to be located in India and much of the repair work should be done here. The problem they used to face was competitiveness was in GST. GST rate used to be 18%, so the meeting held in March the rate has been brought down to 5% with full input tax credit and that is something that will make the MRO industry very competitive," said the government. The coronavirus pandemic has left the Indian airlines sector stranded on the runway. All domestic and international flights have been suspended ever since the lockdown. “It will take 2-3 years for air travel to return to 2019 levels and a few more years to return to long-term growth trends according to Boeing,” said a Centrum Broking report last week. The <keyword id="34987" type="ORGANIZATION" weightage="20" keywordseo="aviation-industry">aviation industry</keyword> is staring at losses to the tune of ₹25,000 crore, according to a CRISIL report. “These are preliminary estimates, and aggregate losses could increase if the lockdown is extended beyond the first quarter. As and when operations resume, overall operational capacity will hover at 50-60% for the rest of the fiscal. Consequently, mergers and acquisitions of airlines, and relook at expansion plans of private and upcoming greenfield airports would be possibilities," <a href="https://www.livemint.com/news/india/covid-19-impact-indian-aviation-may-incur-rs-25-000-crore-losses-says-crisil-11588838896045.html">said Jagannarayan Padmanabhan</a>, director and practice leader, transport &amp; logistics, Crisil Infrastructure Advisory. <a href="https://www.thehindu.com/opinion/op-ed/will-the-aviation-industry-recover-from-the-pandemic/article31359708.ece">Globally</a>, the industry’s revenues could be cut by $252 billion in 2020.

Indigo and Spicejet get shorter routes, cheaper fuel bills while Adani, GMR, and GVK get more airport projects to bid for

Mumbai, Feb 14 ( ) Adani Group on Friday inked agreements with the Airports Authority of India (AAI) for the management, operations and development of Ahmedabad, Mangaluru and Lucknow airports. "Today, as we sign the concession agreements for Mangaluru, Lucknow &amp; A'bad with the AAI, its the beginning of another historic journey catering to India's exponential airport infra demands," Adani Group chairman Gautam Adani said in a tweet. In 2018, the government decided to privatise airports at Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. It was for operation, management and development of these aerodromes through public-private partnership model. Adani Enterprises Ltd (AEL) won the rights to run these six airports after competitive bidding process. IAS RAMRAM

Adani group, AAI ink pacts for managing three airports

Dubai, Jul 4 () A 53-year-old Indian worker in the UAE has missed a special repatriation flight after he dozed off at the Dubai International Airport, a media report said. P Shajahan, who worked as a storekeeper in Abu Dhabi, was supposed to fly to Thiruvananthapuram on the Emirates jumbo jet chartered by the Kerala Muslim Cultural Centre (KMCC) Dubai, Gulf News reported. It was the first-ever jumbo jet chartered for repatriation. Shajahan, who had paid 1,100 dirham (USD 300) for the ticket, said that he did not sleep on the previous night as he kept on waiting for the confirmation of his ticket for the jumbo jet flying 427 stranded Indians to Kerala, it said. He reached the airport early in the morning and after finishing the check-in procedures and rapid test, he reached the waiting area of the boarding gate at Terminal 3 around 2 PM local time, the report said. "I sat away from most of the others. But I fell asleep after 4.30 PM," he said. S Nizamudeen Kollam, who coordinated the charter flight, said that the airline officials could not trace Shajahan when the flight was to take off. "He woke up and called us after the flight left. It is sad that he missed the flight, which was the first-ever jumbo jet chartered for repatriation. We are now trying to send him on another Emirates flight that we are chartering on Saturday," Kollam said. Since Shajahan did not have any money, Jasimkhan Kallambalam, organising secretary of KMCC Thiruvananthapuram, went to the airport to meet him on Friday. "Since his visa was cancelled, he could not come out of the airport. He had only eaten the snacks in the kit KMCC had given. We managed to give him some cash for buying food through KMCC volunteer Alamsha Latheef," Kallambalam said. In March, another Indian expat had fallen asleep in the same terminal and missed the last flight home before flights were suspended due to the COVID-19 pandemic. He was stranded here for over 50 days before getting repatriated. CPS

COVID-19: Indian dozes off at Dubai airport, misses repatriation flight

<ul><li>Indian government approves private management of six more airports, adding to the list under the Public Private Partnership (PPP). </li><li>Delhi, Mumbai, Bangalore, Hyderabad and Cochin airports are currently managed under the PPP model. </li><li>PPP has not just created world-class airports, but has also helped the Airport Authority of <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> to enhance its revenues. </li></ul>The Union Cabinet on Thursday approved the leasing out of six airports -- <keyword id="5065" type="LOCATION" weightage="20" keywordseo="Ahmedabad">Ahmedabad</keyword>, <keyword id="6354779" type="LOCATION" weightage="20" keywordseo="Jaipur">Jaipur</keyword>, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru -- for operation, management and development under the Public Private Partnership (PPP). The cabinet provided "in-principle" approval for leasing out the airports under the PPP model, said an official statement. Currently, the airports being managed under the PPP model include Delhi, Mumbai, Bangalore, Hyderabad and Cochin. "While these PPP experiments have helped create world class airports, it has also helped AAI (Airports Authority of India) in enhancing its revenues and focusing on developing airports and air navigation infrastructure in the rest of the country," it said. As per the Civil Aviation Ministry statement, PPP in infrastructure projects brings efficiency in service delivery, expertise, enterprise and professionalism apart from harnessing the needed investments in the public sector. The decision to lease the airports under the PPP model is expected to enhance the revenue to AAI and increase the economic development in the concerned areas in terms of job creation and related infrastructure, as per the statement.

You Searched For "thiruvananthapuram airports" and got 6 results

Overall job cuts no more than 5% to avoid role duplication: Byju Raveendran

IANS

A WhatsApp group helps airlift ailing IT UK professional back to Kerala

IANS

Indigo and Spicejet get shorter routes, cheaper fuel bills while Adani, GMR, and GVK get more airport projects to bid for

Sanchita Dash

Adani group, AAI ink pacts for managing three airports

PTI

COVID-19: Indian dozes off at Dubai airport, misses repatriation flight

PTI

India will privatise the management of six more airports to improve country’s aviation infrastructure

BI India Bureau

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