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Saturday, March 31, 2012
Sunday, March 18, 2012
Jhansi Ki Rani Lakshmibai Biography
Jhansi
Ki Rani Lakshmibai Biography
Lakshmibai, The Rani Queen of Jhansi 19 November 1835 – 17 June 1858 known as Jhansi Ki Rani, was the queen of the Maratha-ruled princely state of Jhansi, was one of the leading figures of the Indian Rebellion of 1857, and a symbol of resistance to British rule in India. She has gone down in Indian history as a legendary figure, as India's "Joan of Arc. she was called by the name Manikarnika. Affectionately, her family members called her Manu. At a tender age of four, she lost her mother. As a result, the responsibility of raising her fell upon her father. While pursuing studies, she also took formal training in martial arts, which included horse riding, shooting and fencing. To know the complete life history of Rani Laxmibai of Jhansi, read on
(One of two large
cannon on display at Jhansi Fort. This one is the Bhavani Shankar cannon
which was operated by Moti Bai.)
Rani Jhansi was determined
not to give up Jhansi. She strengthened its defences and assembled a volunteer
army. Women were also given military training. Rani's forces were joined
by warriors including Gulam Gaus Khan, Dost Khan, Khuda Baksh, Lala Bhau
Bakshi, Moti Bai, Sunder-Mundar, Kashi Bai, Deewan Raghunath Singh and
Deewan Jawahar Singh.
(The memorial to Gulam Gaus Khan, Moti Bai and Khudabaks. The three are remembered together as a symbol of unity. The Panch Mahal is in the right background along with a satellite dish)
While this was happening
in Jhansi, on May 10, 1857 the Sepoy (soldier) Mutiny of India started
in Meerut. This would become the starting point for the rebellion against
the British. It began after rumours were put about that the new bullet
casings for their Enfield rifles were coated with pork/beef fat, pigs being
taboo to Muslims and cows sacred to Hindus and thus forbidden to eat. British
commanders insisted on their use and started to discipline anyone who disobeyed.
During this rebellion many British civilians, including women, and children
were killed by the sepoys. The British wanted to end the rebellion quickly.
Meanwhile, unrest began to spread throughout India and in May of 1857, the First War of Indian Independence erupted in numerous pockets across the northern subcontinent. During this chaotic time, the British were forced to focus their attentions elsewhere, and Lakshmi Bai was essentially left to rule Jhansi alone. During this time, her qualities were repeatedly demonstrated as she was able swiftly and efficiently to lead her troops against skirmishes breaking out in Jhansi. Through this leadership Lakshmi Bai was able to keep Jhansi relatively calm and peaceful in the midst of the Empire’s unrest.
Up to this point, she
had been hesitant to rebel against the British, and there is still some
controversy over her role in the massacre of the British HEIC officials
and their wives and children on the 8th June 1857 at Jokhan Bagh. Her hesitation
finally ended when British troops arrived under Sir Hugh Rose and laid
siege to Jhansi on 23rd March 1858. Rani Jhansi with her faithful warriors
decided not to surrender. The fighting continued for about two weeks. Shelling
on Jhansi was very fierce. In the Jhansi army women were also carrying
ammunition and were supplying food to the soldiers. Rani Lakshmi Bai was
very active. She herself was inspecting the defense of the city. She rallied
her troops around her and fought fiercely against the British. An army
of 20,000, headed by the rebel leader Tatya Tope, was sent to relieve Jhansi
and to take Lakshmi Bai to freedom. However, the British, though numbering
only 1,540 in the field so as not to break the siege, were better trained
and disciplined than the “raw recruits,” and these inexperienced soldiers
turned and fled shortly after the British began to attack on the 31st March.
Lakshmi Bai’s forces could not hold out and three days later the British
were able to breach the city walls and capture the city. Yet Lakshmi Bai
escaped over the wall at night and fled from her city, surrounded by her
guards, many of whom were from her women’s military.
Along with the young Damodar Rao, the Rani decamped to Kalpi along with her forces where she joined other rebel forces, including those of Tatya Tope. The Rani and Tatya Tope moved on to Gwalior, where the combined rebel forces defeated the army of the Maharaja of Gwalior after his armies deserted to the rebel forces. They then occupied the strategic fort at Gwalior. However on the second day of fighting, on 18 June 1858, the Rani died.
(The so-called Jumping Point. The Rani is claimed to have jumped her horse from this point on the wall to the ground below and so make her escape. The figures in red and blue give an idea of the scale. This plus the rough and sloping ground below must surely mean that any horse would have been killed, not to mention the rider. The Rani was a good rider, but physics is physics. It is somewhat more likely that she left by the gate.)
She died on 18 June, 1858
during the battle for Gwalior with 8th Hussars that took place in Kotah-Ki-Serai
near Phool Bagh area of Gwalior. She donned warrior's clothes and rode
into battle to save Gwalior Fort, about 120 miles west of Lucknow in what
is now the state of Uttar Pradesh. The British captured Gwalior three days
later. In the report of the battle for Gwalior, General Sir Hugh Rose commented
that the rani "remarkable for her beauty, cleverness and perseverance"
had been "the most dangerous of all the rebel leaders".
Lakshmibai, The Rani Queen of Jhansi 19 November 1835 – 17 June 1858 known as Jhansi Ki Rani, was the queen of the Maratha-ruled princely state of Jhansi, was one of the leading figures of the Indian Rebellion of 1857, and a symbol of resistance to British rule in India. She has gone down in Indian history as a legendary figure, as India's "Joan of Arc. she was called by the name Manikarnika. Affectionately, her family members called her Manu. At a tender age of four, she lost her mother. As a result, the responsibility of raising her fell upon her father. While pursuing studies, she also took formal training in martial arts, which included horse riding, shooting and fencing. To know the complete life history of Rani Laxmibai of Jhansi, read on
|
Originally named Manikarnika at birth nicknamed Manu , she was born on 19 November 1835 at Kashi Varanasi to a Maharashtrian Karhade Brahmin family from Dwadashi, District Satara. She lost her mother at the age of four. She was educated at home. Her father Moropant Tambey worked at the court of Peshwa Baji Rao II at Bithur and then travelled to the court of Raja Gangadhar Rao Newalkar, the Maharaja of Jhansi, when Manu was thirteen years old. She was married to Gangadhar Rao, the Raja of Jhansi, at the age of 14. During that period, Lord Dalhousie was the Governor General of British India. The adopted child was named Damodar Rao. As per the Hindu tradition, he was their legal heir. However, the British rulers refused to accept him as the legal heir. As per the Doctrine of Lapse, Lord Dalhousie decided to seize the state of Jhansi. Rani Lakshmibai went to a British lawyer and consulted him. Thereafter, she filed an appeal for the hearing of her case in London. But, her plea was rejected. The British authorities confiscated the state jewels. Also, an order was passed asking the Rani to leave Jhansi fort and move to the Rani Mahal in Jhansi. Laxmibai was firm about protecting the state of Jhansi |
After her marriage, she
was given the name Lakshmi Bai. Because of her father's influence at court,
Rani Lakshmi Bai had more independence than most women, who were normally
restricted to the zenana: she studied self defense, horsemanship, archery,
and even formed her own army out of her female friends at court.
Rani Lakshmi Bai gave
birth to a son in 1851, however this child died when he was about four
months old. After the death of their son, the Raja and Rani of Jhansi adopted
Damodar Rao. However, it is said that her husband the Raja never recovered
from his son's death, and he died on 21 November 1853 of a broken heart.
Because Damodar Rao was adopted and not biologically related to the Raja, the East India Company, under Governor-General Lord Dalhousie, was able to install the Doctrine of Lapse, rejecting Rao's rightful claim to the throne. Dalhousie then annexed Jhansi, saying that the throne had become "lapsed" and thus put Jhansi under his "protection". In March 1854, the Rani was given a pension of 60,000 rupees and ordered to leave the palace at the Jhansi fort. |
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(The memorial to Gulam Gaus Khan, Moti Bai and Khudabaks. The three are remembered together as a symbol of unity. The Panch Mahal is in the right background along with a satellite dish)
Meanwhile, unrest began to spread throughout India and in May of 1857, the First War of Indian Independence erupted in numerous pockets across the northern subcontinent. During this chaotic time, the British were forced to focus their attentions elsewhere, and Lakshmi Bai was essentially left to rule Jhansi alone. During this time, her qualities were repeatedly demonstrated as she was able swiftly and efficiently to lead her troops against skirmishes breaking out in Jhansi. Through this leadership Lakshmi Bai was able to keep Jhansi relatively calm and peaceful in the midst of the Empire’s unrest.
Tantia Tope as a Prisoner Tantya Tope more....... |
The letter is one of the few remaining artefacts from the Rani of Jhansi's life |
The letter was written
by Lakshmibai, Rani of Jhansi, shortly before the Indian mutiny - or first
war of independence - in 1857.
It has been found in London
in the archives of the British Library.
The Rani of Jhansi has often been called the "Joan of Arc" of the Indian independence struggle. Academics say the discovery of the letter is hugely significant, because so little historical evidence from the Rani of Jhansi's lifetime exists. |
Along with the young Damodar Rao, the Rani decamped to Kalpi along with her forces where she joined other rebel forces, including those of Tatya Tope. The Rani and Tatya Tope moved on to Gwalior, where the combined rebel forces defeated the army of the Maharaja of Gwalior after his armies deserted to the rebel forces. They then occupied the strategic fort at Gwalior. However on the second day of fighting, on 18 June 1858, the Rani died.
(The so-called Jumping Point. The Rani is claimed to have jumped her horse from this point on the wall to the ground below and so make her escape. The figures in red and blue give an idea of the scale. This plus the rough and sloping ground below must surely mean that any horse would have been killed, not to mention the rider. The Rani was a good rider, but physics is physics. It is somewhat more likely that she left by the gate.)
However, the lack of
a corpse to be convincingly identified as the Rani convinced Captain Rheese
of the so called "bravest" regiment that she had not actually perished
in the battle for Gwalior, stating publicly that:"[the] Queen of Jhansi
is alive!". It is believed her funeral was arranged on same day near the
spot where she was wounded. One of the her maidservants helped with the
arrangement of quick funeral.
Because of her bravery,
courage, and wisdom, and her progressive views on women's empowerment in
19th century India, and due to her sacrifices, she became an icon of Indian
independence movement. The Rani was memorialized in bronze statues at both
Jhansi and Gwalior, both of which portray her on horseback.
Her father, Moropant Tambey, was captured and hanged a few days after the fall of Jhansi. Her adopted son, Damodar Rao, was given a pension by the British Raj and cared for, although he never received his inheritance. Rani Lakshmi Bai became a national heroine and was seen as the epitome of female bravery in India. When the Indian National Army created its first female unit, it was named after her. Indian poetess Subhadra Kumari Chauhan wrote a poem in the Veer Ras style about her, which is still recited by children in schools of contemporary India. In a prophetic statement in the 1878 book The History of the Indian Mutiny, Colonel Malleson said "...her countrymen will always believe that she was driven by ill-treatment into rebellion; that her cause was a righteous cause; ..... To them she will always be a heroine Cremation Place of Rani Lakshmi Bai |
Tuesday, March 6, 2012
" Master of Business "(by bill gates)
"
Master of
Business " |
Bill Gates Quotes |
Famous saying
Life is not fair, get used to it.
Life saying
Your most unhappy customers are your greatest source of learning.
Business saying
Patience is a key element of success.
Investment saying
DOS is ugly and interferes with users' experience.
Technology saying
Microsoft is not about greed. It's about innovation and fairness.
Microsoft saying
People everywhere love Windows.
Famous saying
Let's face it, the average computer user has the brain of a Spider Monkey.
Computer saying
Success is a lousy teacher. It seduces smart people into thinking they can't lose.
Inspirational saying
Intellectual property has the shelf life of a banana.
Wealth saying
It's fine to celebrate success but it is more important to heed the lessons of failure. Inspirational saying As we look ahead into the next century, leaders will be those who empower others. Inspirational saying If you think your teacher is tough, wait until you get a boss. He doesn't have tenure. Experience saying We are not even close to finishing the basic dream of what the PC can be. Computer saying |
Advertisements |
Famous saying
Microsoft has had clear competitors in the past. It’s a good thing we have museums to document that.
Microsoft saying
Television is not real life. In real life people actually have to leave the coffee shop and go to jobs.
Life saying
I believe that if you show people the problems and you show them the solutions they will be moved to act.
Experience saying
The best way to prepare to be a programmer is to write programs and to study great programs that other people have written.
Technology saying
In this business, by the time you realize you're in trouble, it's too late to save yourself. Unless you're running scared all the time, you're gone.
Business saying
Whether it's Google or Apple or free software, we've got some fantastic competitors and it keeps us on our toes.
Business saying
Life is not divided into semesters. You don't get summers off and very few employers are interested in helping you, Find yourself.
Life saying
Like almost everyone who uses e-mail, I receive a ton of spa-m every day. Much of it offers to help me get out of debt or get rich quick. It would be funny if it weren't so exciting.
Famous saying
Hey, I never told anyone to buy my stock! Besides, no one is less happy than I am with the performance of Microsoft stock! I've lost tens of billions of dollars this year-if you check, you'll see that that's more than most people make in a lifetime!
Stock saying
I have 100 billion dollars... You realize I could spend 3 million dollars a day, every day, for the next 100 years? And that's if I don't make another dime. Tell you what-I'll buy your right arm for a million dollars. I give you a million bucks, and I get to sever your arm right here.
Wealth saying
As you improve health in a society, population growth goes down. You know, I thought it was... before I learned about it, I thought it was paradoxical.
Intelligent saying
At Microsoft there are lots of brilliant ideas but the image is that they all come from the top - I'm afraid that's not quite right.
Famous saying
Capitalism is this wonderful thing that motivates people, it causes wonderful inventions to be done. But in this area of diseases of the world at large, it's really let us down.
Celebrity saying
I actually thought that it would be a little confusing during the same period of your life to be in one meeting when you're trying to make money, and then go to another meeting where you're giving it away.
Life saying
I do think this next century, hopefully, will be about a more global view. Where you don't just think, yes my country is doing well, but you think about the world at large.
Life saying
I don't think there's anything unique about human intellience. All the nuerons in the brain that make up perceptions and emotions operate in a binary fashion.
Intelligent saying
I have drifted away from thinking about these philanthropic things. And it was only as the wealth got large enough and Melinda and I had talked about the view that that wealth wasn't something that would be good to just pass to the children.
Wealth saying
I mean, if we said right now, there's somebody in the next room who's dying, let's all go save their life, you know, everybody would just get up immediately and go get involved in that.
Famous saying
I think it's fair to say that personal computers have become the most empowering tool we've ever created. They're tools of communication, they're tools of creativity, and they can be shaped by their user.
Computer saying
I'm sorry that we have to have a Washington presence. We thrived during our first 16 years without any of this. I never made a political visit to Washington and we had no people here. It wasn't on our radar screen. We were just making great software.
Famous saying
In the decade ahead I can predict that we will provide over twice the productivity improvement that we provided in the '90s.
Famous saying
Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other.
Communication saying
Is the rich world aware of how four billion of the six billion live? If we were aware, we would want to help out, we'd want to get involved.
Life Reference saying
It's been shown that most people download viruses unwittingly - they don't know they're doing it until it's too late. That's what I mean here. We're talking about protecting the consumer.
Computer Learning saying
Just in terms of allocation of time resources, religion is not very efficient. There's a lot more I could be doing on a Sunday morning.
Funny saying
Oh, I think there are a lot of people who would be buying and selling online today that go up there and they get the information, but then when it comes time to type in their credit card they think twice because they're not sure about how that might get out and what that might mean for them.
Online Degree saying
People always fear change. People feared electricity when it was invented, didn't they? People feared coal, they feared gas-powered engines... There will always be ignorance, and ignorance leads to fear. But with time, people will come to accept their silicon masters.
Intelligent saying
Security is, I would say, our top priority because for all the exciting things you will be able to do with computers - organizing your lives, staying in touch with people, being creative - if we don't solve these security problems, then people will hold back.
Computer saying
Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
Funny saying
So we do software for watches, for phones, for TV sets, for cars. And some of these take a long time to catch on.
Business saying
Some people read off of their Palms and Pocket PCs, but the real immersible reading experience takes a full-screen device.
Computer saying
The browser space that we are in we have about 90 percent. Sure, Firefox has come along, and the press love the idea of that. Our commitment is to keep our browser that competes with Firefox to be the best browser - best in security, best in features.
Computer saying
The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.
Technology saying
The huge turnout for Live 8 here and around the world proves that thanks to the leadership from people like Tony Blair and Gordon Brown the world is beginning to demand more action on global health and poverty.
Life saying
The Internet will help achieve "friction free capitalism" by putting buyer and seller in direct contact and providing more information to both about each other.
Famous saying
The reason you see open source there at all is because we came in and said or quotations, there should be a platform that's identical with millions and millions of machines.
Famous saying
The two areas that are changing... are information technology and medical technology. Those are the things that the world will be very different 20 years from now than it is today.
Technology saying
There are people who don't like capitalism, and people who don't like PCs. But there's no-one who likes the PC who doesn't like Microsoft.
Famous saying
There are some things that we are always thinking about. For example, when will speech recognition be good enough for everybody to use that? And we have made a lot more progress this year on that. I think we will surprise people a bit on how well we will do on our speech recognition.
Famous saying
There's always a tricky issue when you get into stolen material or pornography. The laws for online publishing the same as for print-based publishing, where if you're hosting certain types of things and somebody notifies you about that.
Computer saying
What we're really after is simply that people acquire a legal license for Windows for each computer they own before they move on to Linux or Sun Solaris or BSD or OS/2 or whatever.
Microsoft saying
When the PC was launched, people knew it was important.
Famous saying
When you want to do your homework, fill out your tax return, or see all the choices for a trip you want to take, you need a full-size screen.
Funny saying
Windows 2000 already contains features such as the human discipline component, where the PC can send an electric shock through the keyboard if the human does something that does not please Windows.
Funny saying
The Internet will help achieve "friction free capitalism" by putting buyer and seller in direct contact and providing more information to both about each other.
Famous saying
Paper is no longer a big part of my day. I get 90% of my news online, and when I go to a meeting and want to jot things down, I bring my Tablet PC. It's fully synchronized with my office machine so I have all the files I need.
Computer saying
Microsoft has had its success by doing low-cost products and constantly improving those products and we've really redefined the IT industry to be something that's about a tool for individuals.
Microsoft saying
We are always saying to ourself.. we have to innovate. We got to come up with that breakthrough. In fact, the way software works.. so long as you are using your existing software.. you don't pay us anything at all. So we're only paid for breakthroughs
Famous saying
It's pretty incredible to look back 30 years to when Microsoft was starting and realize how work has been transformed. We're finally getting close to what I call the digital workstyle.
Microsoft saying
There is a certain responsibility that accrued to me when I got to this unexpected position.
Famous saying
"Fans need to know facts"
"Fans need to know facts" |
Interesting facts of Bill Gates
Birth date: October 28, 1955
Education: Public elementary school. Entered private Lakeside School at age 12. Dropped out of Harvard Univ ersity junior year.
Native City: Seattle, Washington
Little known fact: His family called him "Trey," in reference to the III after his name.
Hobbies: Bridge, golf, reading, philanthropy.
Claim to fame: Leader of the computing software's industry.
Net worth: Bill's all-time high net worth is $88.82 Billion. Visit Net Worth Page for current net worth.
Preferred foods: Cherry Coke and spray cheese
Annoying traits: Compulsive rocking, glasses that won't stay perched on bridge of his nose.
Family: wife, Melinda; daughter, Jennifer, born 1996; son, Rory, born 1999.
Official Blog: Sir Bill Gates blog: The Gates Notes
Philanthropy: The Bill & Melinda foundation , Greatest love for humanity
Bill
Gates Wealth
index
earns
appx 6 Billion
Dollars in a
year orearns appx 500 Million Dollars in a month or
earns appx 16,660,000 Dollars in a day or
earns appx 14614 Dollars a minute or
earns appx 243 Dollars a second.
Saturday, March 3, 2012
Thursday, March 1, 2012
Kingfisher Airlines aims at equity infusion of $500-600 million: Sanjay Aggarwal
Tags:
MUMBAI: Kingfisher Airlines,
which has teetered on the brink for months, will be fully recapitalised
within six to eight weeks, a senior company official has told ET.The airline is confident of an equity infusion of between $500 million and $600 million through a mix of fresh funds as well as capital from the banks, said Sanjay Aggarwal, CEO of the debt-laden company. Aggarwal's optimism is based on expectations that private equity investors will find the low valuations attractive, coupled with the hope of achange in foreign investment rules allowing global airlines to invest in local carriers.
In an interview, the first after the recent imbroglio over frozen bank
accounts, unpaid bills and a fast depleting roster of employees hit the
headlines, Aggarwal insists that the agony will soon be over. Aggarwal,
an industry veteran who was among the 40 top executives out of 40,000
employees in US Airways, before it was acquired by United Airlines, is now more attuned to the Indian aviation sector.
During the interview, his desk was strewn with copies of dockets detailing the turnaround that he piloted in another situation in a rival airline. "The process (to give the deal a tangible shape) takes 6-8 weeks and we are aiming to get the investors in by then. We have a mix of investors but will not be able to disclose further details," Aggarwal said.
Six Planes Back in the Air
"We are approximately looking at a $500-million infusion. We have requested banks for non-fund based limits and so between fresh money and some of the non-fund based limits could be the total solution," he said.
Kingfisher plans to get six of its grounded aircraft back in the air by next week, adding to the 28 it is currently flying. It is in a process of submitting a summer schedule to the civil aviation regulator that will target getting more aircraft off the ground as it has 20 engines that can be mounted on the aircraft once the payments are made.
Aggarwal was at the helm of SpiceJet, when the low-cost airline was scripting a turnaround but quit when media baron Kalanithi Maran acquired the airline and brought in his own team to manage the airline. However, it was during Aggarwal's tenure that SpiceJet maneuvered itself out of turbulent weather, enabling Wilbur Ross, vulture investor to exit in favour of Maran. Ross is one of the few investors in the Indian aviation industry to exit profitably.
Aggarwal, however, did not specify how much stake will be offloaded if a private equity player comes in but said that the promoters will be in a comfortable position even if a 49% holding is offloaded in Kingfisher as they will still be able to retain 40% . Aggarwal said he sees no reason why private equity players would not like to invest in the airline business.
"SpiceJet had Goldman Sachs (invested $20 million to later exit at a loss) and Istithmar (Dubai-based investment company that also bought equity into airline) along with Wilbur Ross. Both Goldman and Istithmar got money and security and the environment also turned favourable for SpiceJet. So it cannot be said that private equity is not a good option for airline companies."
Aggarwal, however, denied being in talks with Wilbur Ross and also with Hong Kongbased firm S C Lowy for Kingfisher. "They are distress funds and we do not want to take that route. Though there was just one feeler and some talks with Lowy but since they are a vulture fund, we did not take it further."
During the interview, his desk was strewn with copies of dockets detailing the turnaround that he piloted in another situation in a rival airline. "The process (to give the deal a tangible shape) takes 6-8 weeks and we are aiming to get the investors in by then. We have a mix of investors but will not be able to disclose further details," Aggarwal said.
Six Planes Back in the Air
"We are approximately looking at a $500-million infusion. We have requested banks for non-fund based limits and so between fresh money and some of the non-fund based limits could be the total solution," he said.
Kingfisher plans to get six of its grounded aircraft back in the air by next week, adding to the 28 it is currently flying. It is in a process of submitting a summer schedule to the civil aviation regulator that will target getting more aircraft off the ground as it has 20 engines that can be mounted on the aircraft once the payments are made.
Aggarwal was at the helm of SpiceJet, when the low-cost airline was scripting a turnaround but quit when media baron Kalanithi Maran acquired the airline and brought in his own team to manage the airline. However, it was during Aggarwal's tenure that SpiceJet maneuvered itself out of turbulent weather, enabling Wilbur Ross, vulture investor to exit in favour of Maran. Ross is one of the few investors in the Indian aviation industry to exit profitably.
Aggarwal, however, did not specify how much stake will be offloaded if a private equity player comes in but said that the promoters will be in a comfortable position even if a 49% holding is offloaded in Kingfisher as they will still be able to retain 40% . Aggarwal said he sees no reason why private equity players would not like to invest in the airline business.
"SpiceJet had Goldman Sachs (invested $20 million to later exit at a loss) and Istithmar (Dubai-based investment company that also bought equity into airline) along with Wilbur Ross. Both Goldman and Istithmar got money and security and the environment also turned favourable for SpiceJet. So it cannot be said that private equity is not a good option for airline companies."
Aggarwal, however, denied being in talks with Wilbur Ross and also with Hong Kongbased firm S C Lowy for Kingfisher. "They are distress funds and we do not want to take that route. Though there was just one feeler and some talks with Lowy but since they are a vulture fund, we did not take it further."
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