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Low frills carrier <keyword id="6358032" type="CITY" weightage="100" keywordseo="SpiceJet">SpiceJet</keyword> today said it is planning to add about three Bombardiers and 4 to 5 Boeings by the end of the current fiscal as it wants to increase its daily flights by 10 percent and also introduce new international destinations. 
 "We have 17 planes for regional connectivity. Spicejet is a major player in regional connectivity space. A few weeks back, we have added three Bombardiers. We will be adding three more in the current financial year," <keyword id="3748342" type="UNKNOWN" weightage="20" keywordseo="ajay-singh-cmd-of-spicejet">Ajay Singh CMD of SpiceJet</keyword> told reporters on the sidelines of a <keyword id="7258" type="ORGANIZATION" weightage="20" keywordseo="FICCI-Ladies-Organisation">Ficci Ladies Organisation</keyword> programme here today. 
 
 
 
"We will be adding 4 or 5 aircraft this year. They will mostly be Boeings," he said. 
 
Currently, SpiceJet is having a fleet of 43 aircraft operating 320 flights a day. 
 Replying to a query, <keyword id="6361419" type="PERSON" weightage="20" keywordseo="Singh">Singh</keyword> said within next few weeks they will be adding 2 to 3 international destinations. 
 
Currently, it operates in six countries. 
 
"We are flying to six countries as of now. We are looking at more options. In the next few weeks, we will announce some more routes. We will be announcing two to three destinations more. Our strategy is to operate in 4 hour window journey," he said. 
 On its proposed order, the <keyword id="6380171" type="CITY" weightage="60" keywordseo="CMD">CMD</keyword> said they are talking to both <keyword id="6356166" type="COMPANY" weightage="60" keywordseo="Airbus">Airbus</keyword> and <keyword id="6357957" type="CITY" weightage="60" keywordseo="Boeing">Boeing</keyword> for placing an order of over 100 aircraft. 
 
The deal will be finalised in a month, he said, adding that the whole order will either go to Boeing or Airbus.

SpiceJet to add 8 aircraft to its fleet this fiscal

Mumbai, Apr 19 () State Bank of India Chairman Rajnish Kumar on Sunday urged small and medium enterprises to act prudently and avoid over-leveraging during the current situation where there is a lot of uncertainty. Speaking at an event organised by FICCI Ladies Organisation (FLO) through video conferencing, Kumar said that if enterprises have some inherent weaknesses then they should not go for short-term borrowings. "In these uncertain situations, all businesses will need more working capital funds, which the banking system should provide, but prudence would also, at the same time, demand that over-leveraging even in these circumstances is avoidable as the money has to be repaid, and there is also an interest cost," Kumar said while speaking on the topic 'Rescuing the MSME sector post-COVID'. He, however, said that if having more working capital at this difficult time can help one bring back their business to normal within the next six months to one year, then they should go for it. Kumar warned that for businesses with fundamental flaws or inherent weakness, short-term borrowing is not advisable at this juncture. "Then it is advisable to go for a deeper restructuring because if people borrow for short term and are unable to repay on time, it will spoil their credit history," he said. He said banks are reassessing the working capital requirements for businesses on a case-to-case basis. Talking about providing liquidity support to non-banking financial companies (NBFCs), Kumar said the Reserve Bank of India (RBI) recently announced various measures such as targeted long-term repo operations (TLTRO 2.0) to help these shadow banking players meet their funding needs. "We are reaching out to them (NBFCs) and requesting them to give their cash budget. Based on that, whatever is their short-term liquidity requirement, we will support them," he said. The RBI had announced to conduct Rs 50,000 crore of TLTRO 2.0 in various tranches. The funds availed under TLTRO 2.0 will have to be invested in investment grade bonds, commercial paper, and non-convertible debentures of NBFCs, with at least 50 per cent of the total amount availed going to small and mid-sized NBFCs and MFIs. Kumar said banks can support NBFCs or MFIs by helping to issue bonds, which can be funded through TLTRO. "If MFIs are not eligible for bonds because they do not have the required investment grade ratings, then we may be comfortable giving loans to them on the basis of their credit history," he said. On the RBI's three-month moratorium for NBFCs, he said, "I think the glamour around the across-the-board moratorium for the financial intermediaries has to be properly understood." "We know that there is an impact on their (NBFCs) collections but there is an impact on their outflows as the disbursement is not as high as it used to be," Kumar said. He said his bank has extended the repayment date for MSMEs who have opted for a one-time settlement (OTS) scheme to June 30, 2020, from March 31, 2020. According to Kumar, the tourism sector has been affected the most and the 90-day loan repayment moratorium and giving 10 per cent working capital limit may not be sufficient for the players in the segment. "For the tourism industry, the only way would be to restructure the loan," he said. HV HRS

Small, medium enterprises should act prudently, avoid over-leveraging: SBI chief

It's still not a great time to be a woman in Silicon Valley. Especially if you're looking for an executive leadership position.
Silicon Valley knows it has a diversity problem. In the past year, a number of tech companies - including <a href="http://www.businessinsider.com/apple-diversity-numbers-2014-8">Apple</a>, <a href="http://www.businessinsider.com/google-diversity-problem-2014-5">Google</a>, <a href="http://www.businessinsider.com/facebook-diversity-report-2014-6">Facebook</a>, and <a href="http://www.businessinsider.com/yahoo-workplace-diversity-numbers-2014-6">Yahoo</a> - released reports about their own gender and racial diversity statistics.
A <a href="http://www.fenwick.com/FenwickDocuments/Gender_Diversity_2014.pdf">recent report from law firm&#xa0;Fenwick &amp; West LLP</a> shows that women hold just 11% of executive positions at Silicon Valley companies. The report compared that number to the S&amp;P 100, in which 16% of executives are women. The report also says only 9% of executive officers in Silicon Valley are women.&#xa0;
"Most of the companies that released data publicly acknowledged that the numbers reveal ample room for improvement, and many of them committed to increasing the number of women and minorities in the workplace," the report says.
Women at Silicon Valley companies also hold a small percentage of positions as directors (10%), committee chairs (8%), and committee members (10%). Just 16.7% of Silicon Valley companies surveyed have a woman who is a&#xa0;top corporate/business development executive. The average percentage of women on a Silicon Valley company's board of directors is&#xa0;15.7%, compared to an S&amp;P 100 company's&#xa0;20.9%.&#xa0;
The numbers speak for themselves, and they're pretty dismal.
The report concludes: "We hope that such data, and the information in this survey, and the many resources to which it refers, will spur and inform additional thought and discussion among the participants and leaders in the Silicon Valley ecosystem on how to create and sustain a more diverse workplace."
<a href="http://www.fenwick.com/FenwickDocuments/Gender_Diversity_2014.pdf">You can read the full report here</a>.

Women Hold Just 11% Of Executive Positions At Silicon Valley Tech Companies

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>1. <a href="https://www.facebook.com/business/news/events">Facebook announced a new advertising feature on Thursday, which will allow Facebook Pages to promote their events on the News Feed on display and mobile.</a> Page administrators can now track how many people have seen the link to an event and how many people have seen the event page. 
2. <a href="http://www.adweek.com/news/technology/twitter-offers-analytics-dashboard-all-159772">Twitter launched an analytics platform for its users this week.</a> The platform will let Twitter users see how many people see one of their tweets and how many people engage with it.
3. <a href="http://www.mediapost.com/publications/article/233147/google-doubleclick-search-releases-shopping-campai.html">Google released three tools for retailers through its DoubleClick Search Commerce Suite to help serve less ads but increase conversion rates.</a>
4. <a href="http://www.adexchanger.com/ecommerce-2/nordstroms-journey-to-connect-instagram-images-with-sales-roi/">The department store Nordstrom is using Instagram, paired with a platform called Like2Buy, to get followers directly to the company's website and products.</a> Instagram does not have any direct link feature at this point, but with Like2Buy shoppers can find products and buy them directly from Nordstrom's website. 
5. <a href="http://www.marketwired.com/press-release/eXelate-Forms-Marketing-Advisory-Board-Guide-Inform-Marketers-Data-Driven-Strategies-1942341.htm">Exelate announced Thursday it will form a marketing advisory board.</a> A press release reveals that the goal of the board is to help marketers navigate the changing digital landscape. 
6. <a href="http://adage.com/article/media/boku-charges-magazine-subscriptions-phone-bills/294743/">Mobile payment company Boku is selling magazine subscriptions through text messages to cut down on paper subscription cards, according to Ad Age.</a> 
7. <a href="http://www.businessinsider.com/why-google-banned-connect-mobile-2014-8">Google banned privacy app Disconnect, an app that stops others from gathering data on a user, from the app store</a>. Google stated that the app violates its policy of not interfering with other apps. 
8. <a href="http://www.adexchanger.com/the-sell-sider/how-to-build-a-programmatic-sales-team/">Ad Exchanger offers insight into how to build up a successful programmatic sales team. </a>
9. <a href="http://digiday.com/publishers/dennis-publishing-programmatic/">Dennis Publishing, a company with titles including Men's Fitness and The Week, is hesitant to adapt programmatic ad technology.</a> Digiday says the company fears it might take away for its traditional display ad revenue, which makes up about 70% of its digital revenue. 
10. <a href="http://www.mediapost.com/publications/article/233161/web-sites-newspapers-blur-visual-cues-of-sponsore.html">More publishers are beginning to blur the lines between editorial content and sponsored advertisements, according to Media Post.</a> Yahoo, for example, used a beige background to distinguish sponsored content at first, but now only distinguishes paid for posts with a faint blue background and a small "sponsored" label.

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SpiceJet to add 8 aircraft to its fleet this fiscal

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Small, medium enterprises should act prudently, avoid over-leveraging: SBI chief

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Women Hold Just 11% Of Executive Positions At Silicon Valley Tech Companies

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