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<ul><li><keyword id="6398943" type="General" weightage="20" keywordseo="rakesh-jhunjhunwala" source="Orion">Rakesh Jhunjhunwala</keyword>’s <keyword id="11911527" type="General" weightage="20" keywordseo="akasa-air" source="Orion">Akasa Air</keyword> has received its first aircraft from Boeing.</li><li>The aircraft will fly to Delhi early next week, even as the airline is yet to receive its air operator permit.</li><li>Akasa Air plans to launch its first domestic flight in July this year.</li><li>It has ordered 72 planes in total and aims to get 18 planes by March 2023.</li></ul>Rakesh <keyword id="45125" type="General" weightage="20" keywordseo="jhunjhunwala" source="Orion">Jhunjhunwala</keyword>’s Akasa Air on Thursday announced that it has received the delivery of its first aircraft, Boeing 737 Max, in Seattle. The airline had shared the first images of its aircraft a couple of weeks ago. Akasa Air has ordered 72 planes in total and aims to get 18 planes by March 2023. "Flying an advanced, environmentally progressive 737 MAX fleet with greater fuel efficiency and lower operating costs will enable Akasa Air to profitably serve the Indian market while passing those savings on to its passengers,” Stan Deal, president and CEO of Boeing Commercial Airplanes, said. “This is indeed a symbolic milestone in the journey of Akasa Air, bringing us one step closer to the process of obtaining our AOP [Air Operator Permit] and leading to out commercial launch, focused on the task of delivering on our vision to transform India’s air transportation ecosystem, support the nation’s economic growth engine and help fellow Indians chase their dreams,” Vinay Dube, founder, MD and CEO of Akasa Air, said. Akasa Air, which is owned by Rakesh Jhunjhunwala, was founded by former Jet Airways chief Dube and former IndiGO president Aditya Ghosh. It has already signed up 154 pilots for the airlines, about 26 of these pilots are already on the company’s payroll. Besides this, it has also signed up 115 cabin attendants and 14 engineers to join the company. The company plans to launch its first domestic flight in July this year. It will be eligible for international travels once it has boarded 20 aircrafts in its fleet. <cmsannotation type="cmsannotation" annotationid="Seventh Indian airline to have a bird in the sky" comment="subhead" text="Seventh Indian airline to have a bird in the sky">Seventh Indian airline to have a bird in the sky</cmsannotation> Akasa Air will be India’s seventh airline with IndiGo, Air India, Vistara, SpiceJet, Go Airlines and Jet Airways, which resumed its operations in April this year Akasa Air is yet to appear before the Director General of Civil Aviation (DGCA) for a proving flight, which is a requirement to get the license of an air operator. The company received its initial no-objection certificate on October 11 and has applied for Air Operator Permit (AOP). SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/ril-hdfc-sbi-zomato-among-stocks-to-watch-out-for-on-june-16/slidelist/92242578.cms">RIL, HDFC, SBI, Zomato among stocks to watch out for on June 16</a> <a href="https://www.businessinsider.in/business/startups/news/cashe-is-now-offering-instant-loans-on-whatsapp-in-30-seconds/articleshow/92230354.cms">A company is now offering instant loans on WhatsApp in 30 seconds</a> <a href="https://www.businessinsider.in/business/startups/news/ronnie-screwvalas-upgrad-is-now-worth-more-than-2-billion/articleshow/92227976.cms">Ronnie Screwvala's UpGrad reportedly worth over $2 billion after fund infusion by Lakshmi Mittal and Sunil Bharti Mittal</a>

Ready to take off – Rakesh Jhunjhunwala's Akasa Air receives its first Boeing aircraft

We have already told what expectations we have from <a href="http://www.businessinsider.in/What-To-Expect-From-Bollywood-In-The-First-Month-Of-2015/articleshow/45509596.cms">Bollywood movies releasing in January 2015</a>. Now is the turn to see what the second month of the year has in store for us. With 5 major releases expected in February 2015, here is a look at the star cast and major credentials of the movies.

What To Expect From Bollywood In February 2015?

CEO of retail heavyweight <keyword id="44949" type="CITY" weightage="80" keywordseo="Future-group">Future Group</keyword>, <keyword id="44950" type="PERSON" weightage="80" keywordseo="Kishore-Biyani">Kishore Biyani</keyword> believes that what has been created has to be destroyed to make space for the new. He is hosting a grand conference around the theme ‘Reborn’ on Friday. It will be attended by over 500 of the who’s who of Corporate India, according to an Economic Times report. Along with Biyani, Sadhguru Jaggi Vasudev, Dr Ram Charan and <keyword id="6354287" type="CITY" weightage="80" keywordseo="Bharti-Airtel">Bharti Airtel</keyword> chairman <keyword id="6358599" type="PERSON" weightage="80" keywordseo="Sunil-Mittal">Sunil Mittal</keyword> will address the gathering. Biyani told ET Panache that Reborn was an idea that came out from discussions with his daughter Ashni over the need to serve the new generation of customers — the <keyword id="2904746" type="UNKNOWN" weightage="80" keywordseo="Connected-customer">connected customer</keyword>. Moreover, CEOs of banks, fast moving consumer goods, fashion and retail companies, advertising firms and investment bankers including Shikha Sharma, Anil Agarwal, Rakesh Jhunjhunwala and Love Goel (chairman of global investment firm <keyword id="2904747" type="UNKNOWN" weightage="80" keywordseo="GVP-Capital">GVP Capital</keyword>) are likely to attend the conference. 

	Dr Charan is a mentor to the Future Group CEO, while the Sadhguru's corporate leadership lessons and spiritual learnings are something that Biyani follows.
 

	Reborn essentially is about the need for an organisation to reinvent. "Without de-stroying, you cannot create anything new. It's a destruction of ideas to make it relevant," says Biyani.
 Future Group is an Indian private conglomerate, headquartered in Mumbai. The company is known for having a significant prominence in retail and fashion sectors, with popular supermarket chains like <keyword id="6357823" type="COMPANY" weightage="80" keywordseo="Big-Bazaar">Big Bazaar</keyword> and <keyword id="110292" type="COMPANY" weightage="80" keywordseo="Food-Bazaar">Food Bazaar</keyword>, lifestyle stores like <keyword id="370284" type="COMPANY" weightage="60" keywordseo="Brand-Factory">Brand Factory</keyword> and Central. 
	 
	(Image: Indiatimes)

Know why Future Group CEO Kishore Biyani likes the idea of 'reborn'

Top 25 richest people in India in 2024

<ul><li>Amid volatile market movement, Latent View IPO was like a boon for IPO investors as the stock nearly tripled in two trading sessions.</li><li>Shares of the company surged 20% on Wednesday after delivering 170% listing gains on Tuesday.</li><li>Analysts feel the valuations of the stock have become expensive with the continuous rally.</li><li>The market capitalisation of the company stood at ₹11,597 crore.</li></ul>While Indian and other Asian markets have been under pressure worrying about global inflation, <keyword id="12453933" type="General" weightage="20" keywordseo="latent-view-analytics-ipo" source="Orion">Latent View Analytics IPO</keyword> was like a blessing in disguise for initial public offering (IPO) investors. The IPO gave a blockbuster debut with 170% listing gains. Moreover, shares of the data analytics company continued to rally on Wednesday by 20% and nearly tripled investors’ money in two trading sessions. For those curious to know if this is the right time to buy the stock, analysts feel after a stellar listing, investors can avoid entering the stock at current valuation. “Valuations look stretched even though the business model is good. Chasing the stock after having a fantastic listing is not good in this phase of the market. Listing price has more than doubled so this is not the time for retail investors to chase the stock. I would suggest investors to wait for one quarter results and watch for future guidance by the company,” Kranthi Bathini, director of equity strategy at WealthMills Securities, told Business Insider. However, analysts are bullish on the long term outlook of the data analytics industry as they see future demand for such services to solve complex customer problems. “The Latent view is a data analytics company and this industry is likely to grow by 18-20% for the next 3 years. The strong part of the company is that it will be one of its kinds among listed companies, experienced management, and quality corporate governance practices. The overall outlook is bullish but the valuations look expensive after a strong listing,” reportedly said Santosh Meena, head of research at Swastika Investmart while saying that long-term investors should hold the company in their portfolio. The global data and analytics market is expected to grow at a CAGR of 18% from $174 billion in FY20 to $332.6 billion by FY24, said analysts at Investmentz Research. “Across industries, data and analytics are being leveraged by enterprises to guide business strategy and optimise spending decisions. Latent View is among the leading pure-play data analytics services companies in India,” said the report. "Undoubtedly, the analytics industry holds enormous potential to drive business growth and profitability for the shareholders. When Infosys made its initial public offering, it signified the potential of the IT [information technology] industry. Similarly, this coming-of-age chapter of the analytics industry proves that there is an unstoppable opportunity for the industry. We are optimistic about the future of analytics in India and look forward to riding the wave higher than ever,” said Sunil Mirani, co-founder and chief executive at Ugam, an analytics company, in an IPO note. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/star-health-and-allied-insurance-set-to-open-ipo-at-november-30/articleshow/87882137.cms">Rakesh Jhunjhunwala-backed Star Health and Allied Insurance set to open its IPO next week — here are a few important details</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/india-to-get-6g-by-2023-end-or-2024-indias-communications-minister-says-while-the-country-still-waits-for-5g-rollout/articleshow/87883592.cms">India to get 6G by 2023 end or 2024, India’s Communications minister says while the country still waits for 5G rollout</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/cryptocurrency-bill-air-pollution-and-delhi-governance-on-agenda-for-winter-session-of-parliament/slidelist/87884060.cms">Besides crypto, these are the major bills that will be introduced in the winter session of the Parliament</a>

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Ready to take off – Rakesh Jhunjhunwala's Akasa Air receives its first Boeing aircraft

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