Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Online travel portal <keyword id="6362992" type="COMPANY" weightage="20" keywordseo="yatra">Yatra</keyword> is merging with <keyword id="6357328" type="COMPANY" weightage="100" keywordseo="NASDAQ">NASDAQ</keyword> listed <keyword id="1919669" type="UNKNOWN" weightage="100" keywordseo="Terrapin">Terrapin</keyword> 3 Acquisition Corporation (TRTL) that values Yatra at an enterprise value of $218 million. 
 
TRTL is formed for effecting a merger, acquisition, or similar business combination and had raised $212.75 million in its IPO in July 2014 and the combined entity will be listed on NASDAQ as Yatra (YTRA). 
 
As per reports, MIHI LLC, an affiliate of Macquarie Capital, has committed to buy an additional $20 million of TRTL equity as part of the transaction and Yatra will continue to own at least 35 per cent of the issued and outstanding shares in the combined company. 
 
In addition, existing shareholders of Yatra may receive additional consideration of up to $35 million upon the achievement of certain financial objectives during the 18 months. 
 
Yatra, which was founded in 2006, will continue to be led by co-founder Dhruv Shringi. 
 
Yatra customers booked more than 2.8 million air travel reservation and hotel stays with total transaction value worth more than $900 million during fiscal year ended March 2016 at a growth of 25 per cent. 
 
(Image: Thinkstock)

Online travel portal Yatra is merging with Terrapin 3 Acquisition Corp, to be listed on NASDAQ

<ul><li><keyword id="2665691" type="General" weightage="80" keywordseo="niti-aayog" source="Orion">NITI Aayog</keyword> has sought clarity from the government regarding possible passenger data storage.</li><li>The <keyword id="15444126" type="General" weightage="50" keywordseo="digi-yatra-policy" source="Orion">Digi Yatra Policy</keyword> envisages <keyword id="4471307" type="General" weightage="100" keywordseo="digi-yatra" source="Orion">Digi Yatra</keyword> as a completely voluntary scheme.</li><li>In this policy, passengers sign up and consent to use Digi Yatra for the purpose of check-in and boarding, this agreement would have the legal character of a voluntary agreement for the temporary collection, temporary storage, and use of data.</li></ul>Amid growing concerns about use of facial recognition technology (FRT) across sectors, the NITI Aayog has sought clarity from the government regarding possible passenger data storage, as well as compliance with the laws and trustworthiness of the ecosystem governing Digi Yatra, a flight boarding system that uses this technology and which the government proposes to use in the aviation sector in future. The Digi Yatra Policy envisages Digi Yatra as a completely voluntary scheme. Where the passengers sign up and consent to use Digi Yatra for the purpose of check-in and boarding, this agreement would have the legal character of a voluntary agreement for the temporary collection, temporary storage, and use of data. "This agreement must comply with existing laws and rules on data privacy," a discussion paper on "Responsible Artificial Intelligence For All" by the government think tank has suggested. Released on November 2, the discussion paper focusses on responsible usage of artificial intelligence-based tools and technologies like FRT. The paper goes on to add that the "rules are set out presently under the Information Technology Act, 2000, and the Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data and Information) Rules, 2011 ('SPDI Rules'). "Given that the Digi Yatra Foundation, which operationalised the <keyword id="12654561" type="General" weightage="50" keywordseo="digi-yatra-central-ecosystem" source="Orion">Digi Yatra Central Ecosystem</keyword>, is established under the Companies Act, 2013, it would amount to a 'body corporate' for the purposes of the SPDI Rules. Therefore, it would be necessary for Digi Yatra to comply with the SPDI rules." The Digi Yatra Policy further states that facial biometrics data is deleted from the local airport's database 24 hours after the departure of the passenger's flight. NITI Aayog, however, seeks that the rules related to deletion of other information collected from the passengers, as well as any facial biometrics that are stored in other registries, must be clearly set out in Digi Yatra's policy. The Digi Yatra Policy mentions that users may also be able to provide consent for value-added services at the airport, for which purpose, their data may be shared with other entities like cab operators and other commercial entities. On this, the government think tank has suggested that there must be specific care taken to ensure that such consent is meaningfully provided and is not bundled by default. "In addition to cyber security audits, it is imperative to establish a mechanism for performing algorithmic audits by independent and accredited auditors, prior to system deployment at periodic intervals," the discussion paper said. It is pertinent to mention that FRT, like other intelligent algorithms, is fundamentally a data-intensive technology. In order to ensure propriety and legality in the manner in which data processing happens to train and develop FRT systems, it is imperative to have a codified data protection regime in the country at the earliest, the discussion paper further stated. "The new data protection bill must retain the framework to ensure data protection, including obligations, enforcement mechanisms, a regulatory agency, penalties, and remedies from the <keyword id="2617070" type="General" weightage="50" keywordseo="personal-data-protection-bill" source="Orion">Personal Data Protection Bill</keyword>, 2019. "Furthermore, such a regime must not be limited to regulating data processing by private entities but must adequately codify protections for fundamental right to privacy against state agencies (including law enforcement)," it added. NITI Aayog further recommended that sensitive personal data should be protected under the new data protection law, including biometric data such as facial images and scans. "Consequently, it is recommended that rigorous standards for data processing, as well as the storage and retention of sensitive biometric data should be adequately addressed in any proposed data protection regime, to address privacy risks associated with FRT systems," it concluded. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/niit-acquires-us-based-st-charles-consulting-group-for-23-4-million/articleshow/95320170.cms">NIIT acquires US-based St. Charles Consulting Group for $23.4 million</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-to-hike-prices-of-passenger-vehicles-from-november-7/articleshow/95319994.cms">Tata Motors to hike prices of passenger vehicles from November 7</a>

As facial recognition software usage grows, NITI Aayog seeks clarity on Digi Yatra privacy

Mumbai, July 14 (IANS) With the aim of diversifying its portfolio beyond travel, online corporate travel platform Yatra.com on Tuesday said it had forged an alliance with upGrad Enterprise, the business-to-business arm of online higher education company upGrad. The development comes even as the Covid-19 pandemic hit the global travel industry hard. This partnership will enable Yatra's corporate clients to deliver advanced learning and skill development for their employees, the company said. "In a tough economic climate, it is important to develop and reskill the workforce to overcome the challenges being presented," Dhruv Shringi, Co-founder and Chief Executive Officer, Yatra.com, said in a statement. "We are excited to join forces with upGrad to provide a platform to our clients who are looking to develop employees' potential specific to their businesses or a sector," Shringi added. From deployment-ready workforce within six months, to reducing employee attrition and aligning learning and development plans with business growth strategy, upGrad Enterprise will work closely with Yatra's corporate and SME clientele. The edtech major will be providing deep skilling programmes that align with the client's desired business outcomes to deliver impact at scale. Yatra.com said it services over 850 corporate and more than 20,000 SME clients. "The unprecedented rate of technology advancement is disrupting companies and jobs everywhere. Across verticals, enterprises face barriers to this adoption due to skill-gap in their talent pool," said Mayank Kumar, Co-Founder and MD, upGrad. "Such barriers can be crippling, hampering business growth. Our strategic partnership with Yatra, which is absolutely the first of its kind and creates a new milestone in the education industry, will be focused towards bridging this workforce skill-gap," Kumar said. --IANS gb/na

Yatra.com partners upGrad to enter edtech sector

For so long, Jagannath Rath Yatra or the most famous Jagannath car festival of Puri in Orissa has been one of the biggest festivals in India. This is a spectacular and highly significant event carrying a lot of cultural, religious and social significance. Multitudes of people throng at the city of Puri to view the grandest chariot procession in the country. The several legends associated with the Rath Yatra of Puri capture the imaginations of the humans around the globe. Here are some highly interesting facts about the Jagannath Rath Yatra. Jagannath Rath Yatra interesting facts <ul><li>As practiced in a few other orthodox Hindu temples, none other than Hindus will be allowed to enter the gates of the Jagannath temple in Puri to view the deities and offer worship. However, the entry is open to anyone irrespective of caste and religion during the Jagannath Rath Yatra. During this festival time, all people can worship the Lord and receive his blessings. </li><li>The Rath yatra sees the procession of three independent chariots for the three deities of Jagannath, Balarama and Shubadra. Hence this event is also called the festival of chariots. The names of these three chariots are Nandighosha, Taladhwaja and Devadalana. </li><li>Nandigosha is the chariot of Jagannath that is set on 18 wheels. Taladwaja, the chariot of Balarama runs on 16 wheels and 14 wheels roll the chariot Padmadhwaja in which Shubadra parades. </li><li>The most astonishing facts about the Puri Jagannath Rath Yatra is that all the three chariots are constructed anew year after year prior to the festival. The construction makes use of newer materials as the years go by. However, the structure, model, design and measurements of the chariot remain the same. In front of each chariot, four wooden horses are fixed. </li><li>The chariot tops replicate the structure of the temple towers built in the North Indian style. Hundreds of pilgrims and devotees pull the massive sized chariots with sturdy ropes. This creates an awe inspiring sight for the onlookers. For making the canopies of the chariots, about 1200 meters of cloth is used. A team of 15 skilled tailors make the canopies. </li><li>As per the traditional belief, the king of Puri sweeps the floor with a broom stick before the chariots move forward thus providing a royal procession to the Lord with his accomplices. </li><li>When the festival begins, Lord Jagannath seems to refuse moving out. Despite the efforts of the crowds, the chariot cannot be moved even an inch forward. After a few hours of mammoth efforts, finally the chariot moves forward to trigger the procession’s onward march. </li><li>There is an interesting story behind the chariot festival. It is said Lord Jagannath catches high fever year on year prior to the Rath yatra. Hence he is given rest for a period of one week before the chariot festival. The temple doors remain shut for the public and none is allowed to disturb the resting Lord during this period. The chariot procession comes as a change for the Lord to visit his maternal aunt’s house after he recovers from his fever. </li></ul>

You Searched For "yatra" and got 4 results

Online travel portal Yatra is merging with Terrapin 3 Acquisition Corp, to be listed on NASDAQ

BI India Bureau

As facial recognition software usage grows, NITI Aayog seeks clarity on Digi Yatra privacy

IANS

Yatra.com partners upGrad to enter edtech sector

IANS

8 Interesting facts about Jagannath Rath Yatra

BI India Bureau

Popular Keywords

Buying Guides