Unified interfaith Christmas festival is a significant initiative: Justice C.T. Ravi Kumar

New Delhi, December 17, 2023: The Interfaith ‘Christmas Festival’ ” Kristu Mahotsav- 2024″ is a great initiative, which is not just about celebrating or exchanging gifts but is also about peace and harmony, with the motto “Include Everyone Exclude None”.

According to Justice C.T. Ravi Kumar, a Supreme Court judge and the chief guest of the event organized by the Chavara Cultural Centre, the festival emphasizes staying on Earth to find heaven here rather than searching elsewhere. The event was themed ‘Celebrating Diversity – Celebrating Bharat’ and took place at the Diocesan Community Centre, Ashok Place, Gol Dak Khana, Delhi.

The festival aimed at spreading joy among differently-abled children from Delhi, Uttar Pradesh, and Haryana. The festivities were also live-streamed on YouTube. Justice C.T. Ravi Kumar, after inaugurating the event, was joined by prominent figures like Archbishop Anil Couto of Delhi, Archbishop Kuriakose Bharanikulangara of Faridabad, and Dr. Father Martin Mallath CMI, General Counselor for Education and Media, who addressed the audience.

The main celebrants, including Father Varghese Vallikkat, and Fr Norbert Herman SVD, shared their thoughts.

Christmas all religions festival 1

The festival showcased cultural programs in art, literature, and culture, bringing together Episcopal churches, various communities, and regional people in unity, mirroring the diversity in unity, akin to celebrating an Indian festival.

Special guests at the event included Lok Sabha Member Dr. Lorho S. Pfoze, Vice-Chairperson of the National Commission for Minorities K.K. Debu, and Sushil Goswami Ji Maharaj, National Coordinator of the Indian Multi-Faith Parliament. The event also witnessed the presence of Swami Chandra Dev Ji, Founder Chairman of the Global Sant Society, Sufi Ajmal Nizami, Trustee of the Nizamuddin Dargah, Rabbi Ezekiel Isaac Malekar, Chief of the Delhi Jewish community, and Acharya Yeshi Phuntsok from CIHTS (Central Institute of Higher Tibetan Studies) in Varanasi, Sri. Vivek Muniji Maharaj, Mrs. Carmel Tripathi, Mrs A Dhanalakshmi, Joint Secretary DST.

christmas festival 2

Speaking about Christmas, Archbishop Anil Couto said, “Christmas conveys a message of peace, joy, hope, and love. We are celebrating this Christmas with the message of love and unity, connecting hearts and making it a festival for India.”

Dr. Fr. Roby Kannanchira CMI, Director Chavara Cultural Centre Delhi, organizer of the program, said , ” Christmas is the commemoration of the birth of Jesus- the prince of love who included everyone and excluded none. The light of selfless love of Christ will expel the darkness of hatred and jealousy from this world. Celebrating Christmas with differently abled children heals the wounded humanity.”

Advocate Dr. K.C. George praised the differently-abled children, extending Christmas greetings and expressing the hope that the festival would contribute to their health and education. He described it as a festival of hearts, aiming to spread brotherhood and goodwill in the country.

Father Martin Mallath, CMI, Chairman of the Chavara Cultural Centre, commented on the festival, calling it an initiative for interfaith dialogue, art, literature, and cultural discussions to promote peace and harmony in society. He likened it to the Christmas message of peace, joy, and hope, and anticipated that the festival would spread a positive message of unity among people in the country.

Chief Minister of Odisha Felicitates Winners of the 17th Edition of Young Astronomer Talent Search

Chief Minister of Odisha Felicitates

Bengaluru, 15th December 2023: Top 5 winners of the 17th Edition of Young Astronomer Talent Search (YATS) 2023 were felicitated by Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik today at Pathani Samanta Planetarium( PSP) in Bhubaneswar, Odisha. Organized by Tata Steel in association with PSP operating under the Department of Science and Technology, Government of Odisha, this edition of YATS saw the participation of more than 80,000 students from 30 districts in the State.

Present at the award ceremony were Shri Ashok Chandra Panda, Hon’ble Minister, Science & Technology, Public Enterprises, Social Security & Empowerment of Persons with Disability, Government of Odisha, Smt. Chithra Arumugam, IAS, Principal Secretary, Science and Technology, Dr. Yeddula Vijay, IAS, Joint Secretary, Department of Science & Technology, Government of Odisha and Shri Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel.

Addressing the gathering, Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik said, “I congratulate all the students who participated in the activities organised as part of Young Astronomer Talent Search. My congratulations to the district toppers who are selected for the finals and the Top 20 winners. I am glad that over 80 thousand students from across 30 districts of our State are participating in this competition. My congratulations to Tata Steel and Pathani Samanta Planetarium for conducting this unique event successfully year after year, and I wish the programme the very best for its future editions.”

Shri Chanakya Chaudhary, Vice President, Corporate Services, Tata Steel, said, “The growing number of participants in each edition of YATS is a resounding testimony to its value and success, particularly among Odisha’s youth. The 2023 edition of YATS also comes on the heels of India’s most successful space mission yet — Chandrayaan-3 which added a lot more excitement among our young scientists. It is also very encouraging to see so many young minds turning their attention to astronomy and unchartered areas of space missions and technologies that will prove invaluable to India’s future. I am extremely happy to congratulate the winners of YATS 2023 and every single participant who made it such a grand success.”

The competition included an open quiz for students of classes 6 to 8, conducted physically in schools and a multiple-choice questions assessment for students of classes 9 and 10, conducted in schools and online. A total of 20 winners including the top 5, along with their teachers, will be taken on an exposure visit to one of the facilities of the Indian Space Research Organisation around June 2024, where they will have the opportunity to interact with ace space scientists of the country.”

Since its inception 17 years ago till date, more than 3,50,000 young science enthusiasts in Odisha have actively participated in YATS, which highlights the program’s enduring impact. Notably, 180 students have had the privilege of visiting various facilities of ISRO in India.

More than 1000 Retail Associates celebrated the Retail Employees’ Day at Growel’s 101 Mall

Mumbai, December 14, 2023: It was an enjoyable day at Growel’s 101 Mall as the Mall management arranged a lunch with engaging activities for retail associates to mark Retail Employees’ Day on December 12, 2023. The festive celebration was extended to encompass all the Retailers, Brands, and F&B partners, and outsourced staff operating in the mall.

the Retail Employees’ Day at Growel’s 101 Mall 1 (2)

On December 12, 2023, each retail employee/associate received a warm welcome at the decorated mall entry upon reporting to work. Mall leadership addressed all associates with words of encouragement and motivation, recognizing their hard work in delivering customer delight. Team-building activities infused with fun were organized for all retail associates to foster camaraderie and celebrate this special day.

The ‘Retail Employees’ Day’ is an annual movement initiated in 2011 by TRRAIN & RAI, observed on the 12th of December. This day is dedicated to spreading joy to retail employees who tirelessly serve and delight customers every other day.

the Retail Employees’ Day at Growel’s 101 Mall 2

Speaking about employee well-being, Gerald Mathew, General Manager, Growel’s 101 Mall, said, “Our commitment to fostering a positive and enjoyable work environment is reflected in today’s festivities, where we come together as a family to appreciate the efforts of those who tirelessly serve our customers. At Growel’s 101 Mall, we not only value our associates’ dedication on Retail Employees’ Day but also strive to prioritise their well-being year-round. We believe that happy employees contribute to the success and vibrancy of our mall. Here’s to a day of celebration, gratitude, and a shared commitment to making Growel’s 101 Mall an even more delightful place to work and shop.”

the Retail Employees’ Day at Growel’s 101 Mall 3

A recreational zone has been established for retail associates to use their break time for relaxation and socializing with co-workers. The recreation zone offers indoor activities such as foosball, carrom, chess, and various board games, providing associates with an enjoyable time with their colleagues. Additionally, festivities like Diwali, Christmas, and Mall Anniversary are celebrated with retail associates, and special events like cricket tournaments and talent hunts are regularly conducted throughout the year to uplift the spirits of retail associates.

Pahle India Foundation (PIF) appeals to GOM on Online Gaming’ ahead of its 1st meeting, to review existing Lottery Regulations

Pahle India Foundation (PIF)

New Delhi, 14 December: Pahle India Foundation (PIF) appeals to the ‘GOM on Online Gaming’ ahead of its 1st meeting, to review existing Lottery Regulations as well. Pahle India Foundation (PIF) welcomes the Government of India’s decision to constitute a Group of Ministers (GOM) to review the regulatory framework for the Online Gaming Industry.

As the GoM meets for its first meeting on the 15th Dec under the chairmanship of the Hon’ble Union Home Minister, PIF would like to appeal to the members of the GoM to also review the existing regulations on ‘Lottery’ and bring necessary reforms.

PIF has recently concluded a study titled ‘Lottery in India – A Study on Regulatory Framework and Potential for Social Funding’ where it has reviewed the existing regulations on Lottery in the country and has identified major gaps. PIF recommends an urgent review of the 25-year-old regulation in light of the increased internet penetration in India in the last few decades, and the absence of player protection and minimum age criterion in the existing rules. The offshore online lotteries operating outside the jurisdiction of the Indian regulatory apparatus pose significant challenges and demand urgent attention.

PIF has also done a comprehensive review of the operational processes and the financial models followed by the Indian States where a lottery is currently allowed and operational. In such states also, there is an urgent need for reforms to bring transparency using technology, and adopt best practices to ensure child safety and player protection.

PIF has also reviewed lottery ecosystems in countries like the UK and explored the sector’s potential for social funding in India. Pahle India Foundation is a New Delhi-based economic think tank founded by Dr Rajiv Kumar in 2013. Its motto is ‘Putting India First to Make India First’. PIF has done in-depth research on ‘Online Gaming’ as well as ‘Lottery’. Its reports ‘A Regulatory Framework for the Online Gaming Sector’ and ‘Lottery in India.

3rd Edition of Bio-Agri 2023 organised by Hyderabad BIPA, world’s oldest trade body Bio Agri industry begins at HICC in Hyderabad

Hyderabad, December 14, 2023….We live in a country where touching the earth is considered a good omen. Be it a sport like Kabaddi, an artist performing on a stage, a farmer who cultivates the land, touching the earth is practiced from ages. It is an age-old practice in our country. But, we don’t pay much attention to soil health. Instead, a lot of attention is given to producers and production said Dr Sagar Hanuman Singh, DG, NIPHM (National Institute of Plant Health Management, Department of Agriculture and Farmers Welfare, Ministry of Agriculture, Govt of India while addressing a gathering at the opening of Bio-Agri conference at HICC, Madhapur on Wednesday.

Dr Sagar Hanuman Singh_Dr Praveen Rao_Dr SK Malhotra, Dr KRK Reddy_Dr DR Venkatesh and others were seen at the inauguration of Agri Bio 2023

He was the Chief Guest at the Bio-Agri 2023, a two-day conference on Bio-Agri Industry. 300 delegates from across India and the world are participating in the conference.

The theme for Bio Agri 2023 is “BioAg by 2030 – Miles To Go– Billions to Reach”. BIPA International Journal of Biological Agriculture was launched during the conference. An exhibition was also inaugurated along with the conference and several companies exhibited their products.

Soil gives us so much. In the food pyramid, we must start with soil. We have been abusing soil for the past 70 years with chemical fertilizers due to pressure to feed the rising population. As a result, the soil is now contaminated. It has lost its vigor, vitality, and fertility. This is where soil regeneration has arisen. So keep an eye on deteriorating soil health. Government of India schemes emphasize on soil health, in turn, plant health and human health, he added. Help soil regain its original blissful state, emphasised, Dr Sagar Hanuman Singh, DG, NIPHM

Dr Sagar Hanuman Singh_Dr Praveen Rao_Dr SK Malhotra, Dr KRK Reddy_Dr DR Venkatesh and others were seen at the inauguration of Agri Bio 2023--pic 3

We at NIPHM train farmers how to produce Bio-fertilisers using local resources without using chemicals and technology. Associations like BIPA must discourage fly-by-night operators. More emphasis must be on quality rather than on cheap cost which these fly-by-night operators offer.

In our testing, we found that quite a significant number of Biological products and bio-pesticides do not meet standards. Quite a lot of products contain chemical pesticides, said Dr Hanuman Singh.

Dr. SK Malhotra, Project Director of the Indian Council of Agricultural Research-Directorate of Knowledge Management in Agriculture (DKMA-ICAR) delivered the Bio Agri Conference address. He said the Observers Research Foundation put India in first place compared to G-20 countries in climate-smart agriculture.

He maintained that our production levels rose despite hiccups due to climate change-related problems. The country has adopted climate-resilient agriculture. India now needs to bring back nature-positive agriculture. The Pandemic taught us many lessons. We should now scale up natural-positive food systems that would simultaneously promote crop, soil, and human health, he said.

The good news is that Microbial Bio Stimulants can be registered now. Biostimulant products which are now being regulated under new Gazette Notification guidelines in India he announced

Further, he said by 2047, when India becomes 100 years of being Independent, the government of India will set an agenda to become a global powerhouse for the Food System.

Seen delegates at the Bio Agri 2023 opening

Dr Praveen Rao, Former Vice Chancellor of Professor Jayashankar Telangana State Agricultural University (PJTSAU) spoke about soil health and its importance. We have forgotten 5 Cs. One C is Capability. Without knowing what the soil is capable of producing we are cultivating he said. The second C is the condition of Soil, we should know what best management practices to be adopted. Third C is Capital, the natural capital of soil.

The fourth C is Connectivity and the fifth C is Codification, which talks about the favourable policies, education, governance, etc. Soil health will decide plant health which in turn decides animal health, which subsequently decides ecology health that will have an impact on planet health. In the 1960s fertilizers and water were key areas and now it is soil health he was served.

Dr. KRK Reddy, President of Bio Agri Input Producers Association (BIPA), a 20 years old, non profit body said 90 companies are supporting BIPA

Dr D. R. Venkatesh, Secretary of BIPA gave a report of activities undertaken during the last year. He mentioned that BIPA is the oldest Bio-Agri industry body in the world. He shared that BIPA would be moving into their own office premises next year which was acquired at an investment of Rs 40 lakhs. Govt of Telangana has allocated space on 35 years lease it was informed.

Some of the topics to be addressed during the two-day conference include Bio-abling the future –India opportunity; Global business opportunities in Biologicals, bio-nutrition; Ag-biologicals: opportunities beyond agriculture, emerging technologies and business opportunities, investment opportunities in India, and many others.

Geeta Chandran presented ‘SAMAGATI’, Cherished Choreographies of the NATYA VRIKSHA DANCE COLLECTIVE in the capita

Geeta Chandran

Dancer-Choreographer Geeta Chandran presented ‘SAMAGATI’, a power-packed performance of cherished choreographies by the NATYA VRIKSHA DANCE COLLECTIVE, on Monday, December 11th, 2023 at the Chinmaya Mission Auditorium, in New Delhi.

‘SAMAGATI’ is a Sanskrit word that means “coming together,” “union,” and “progressing together.” In her choreographies for SAMAGATI, Geeta Chandran explored these themes, as well as the four Purusharth of the Sanatana: Dharma, Artha, Kaama and Moksha.

The performance opened with a Nritya Stuti, a tribute to Shiva. In the lyrics, Shiva was seen as the culmination of the five elements of creation. The modern Dharma according to Geeta is to pay attention to the environment and prevent catastrophic climatic changes from destroying life as we know it.

Embellishing the show were stupendous performances delivered by Radhika Kathal, Madhura Bhrushundi, Shruta Gopalan, Sowmya Laxmi Narayanan, Anandita Narayanan and Yadavi Shakdher-Menon alongside Geeta.

Artha, or Hard Work and its Fruits, was essayed through the abstract dance of a Jatiswaram, where the choreography portrayed diligence, labor and creativity. The resonating image of infinity that the choreography embraced, made a lasting impact on all viewers.

The value of Kaama was interpreted by Geeta Chandran through a composition of Muthuswami Dikshithar that praises Maaye, who removes the curtain of ignorance from our eyes. Adding her choreographic element, Geeta interprets it as a plea to free ourselves of the tentacles of illusion. To emphasize on this philosophy she remarks, “SAMAGATI is an invitation to transcend the ordinary and embrace the extraordinary. It is a dance of unity, a symphony of souls, and a celebration of the divine spark within each of us. I see SAMAGATI as a wake-up call, an urgent plea to heed the cries of our planet. It is a dance of harmony with nature, a reminder of our interconnectedness, and a call to action for a sustainable future.”

Moksha was interpreted as a celebration where God and humankind enter a cosmic dance to realize the ultimate truth and seek release from the bonds of Dharma, Artha and Kaama.

‘SAMAGATI’ left the audiences awestruck with mesmerizing performances and more so with the deeper meaning adhered to them.

Inauguration of the Permanent Exhibition at RBU on ‘Rabindranath Tagore in Italy’

 Permanent Exhibition at RBU on ‘Rabindranath Tagore in Italy’

Kolkata, 13th December, 2023:The Permanent Exhibition of ‘Rabindranath Tagore in Italy’ was inaugurated on 11th December 2023 at the Rabindra Bharati Museum in Jorasanko. The exhibition was inaugurated by the Consul General of Italy in KolkataGianlucaRubagotti and the Vice Chancellor of Rabindra Bharati University, Mr Subhro Kamal Mukherjee.

The permanent gallery at Rabindra Bharati Museum, Jorasanko, is designed as an experiential journey exploring Tagore’s time in Italy and the ongoing bond ever since between Italy and his legacy at RBU and VBU.

The primary objective of the gallery is to celebrate the connection between Tagore and Italy. The journey and events surrounding Tagore’s three visits to Italy are highlighted. A comprehensive glimpse into the places and the time through visuals and quotes traces the link between Italian scholars and artists with the Tagore Family/RBU/VishwaBharati University.

Ambassador of Italy H. E. Vincenzo De Luca stated: “Tagore is one of the most loved non-Italian poets in my Country. He started becoming famous when, after he was awarded the Nobel Prize, his works started being available on the shelves of bookstores throughout Italy …. Italian readers even today love his way of depicting nature and its relation with men, as well as the spirit of universalism transpiring through his poems. We thought it was important to create a space, inside his house-museum, which could help the viewers not only discover what the great poet did in Italy but also understand the links and interactions that were created between our two cultures.”

A team was organised to prepare the content and the display of the Gallery, in collaboration with Rabindra Bharati University, under the guidance of Dr Baisakhi Mitra. Prof. Mario Prayer from La Sapienza University of Rome was in charge of the scientific research and content curation.

The Consul General of Italy to Kolkata, GianlucaRubagotti, visited the museum in Shantiniketan, to collect pictures of the great poet during his stays in the different Italian cities; and Sonia Guha curated the exhibition design and planning, with an innovative way of displaying the various materials.

The four walls of the room have a dedicated narrative. Vistors would get to witness ‘Tagore Speaks’, – his quotes which allow one to see Italy through his eyes. To the right of it is ‘Italy Speaks’ which has selected publications showcasing the popularity of Tagore in Italy.His poem dedicated to Italy and Formichi’s translation of it is framed in dual motifs, a pattern from Shantiniketan leather craft and a Tulip relief border pattern from Italian architecture.

The final wall talks about the World of Creatives who inspired or drew inspiration from Rabindranath Tagore.

Keeping the Heritage status and age of the building in mind. Only minimal intervention with appropriate materials and methods of execution is used. The visual identity of the original heritage structure is as much as possible maintained keeping with Italy’s long-standing commitment to the Conservation of built and cultural heritage.

Mr Subhro Kamal Mukherjee, Vice Chancellor of RBU said, “It is an honour to have collaborated with the Italian Government on this project. We believe that this gallery will give a lot of insight to Tagore’s work during his visits to Italy.”

The inauguration was enhanced by the dance performance of Ileana Citaristi, the first dancer of foreign origin to be conferred the Padma Shri, and an Italian Odissi and Chhau dancer.

RnB Sensation Thomson Andrews Uplifts World Digital Detox Day at The Gateway of India Monument

Mumbai, December 9, 2023 – Renowned RnB singer Thomson Andrews took center stage at the iconic Gateway of India monument, delivering a mesmerizing performance of the anthem “Perfectly Imperfect” for the celebration of World Digital Detox Day. World Digital Detox Day is an international awareness day established to promote digital balance and wellness. The annual event, held each December 10th, encourages individuals and communities to disconnect from technology and reconnect with friends and loved ones in person. World Digital Detox Day (WDDD 2023) is organized by the World Digital Detox Day Organization.

Thomson Andrews Uplifts World Digital Detox Day at The Gateway of India Monument 1

Dr. Vishal Madane, is the musically creative force of the soul-stirring song “Perfectly Imperfect” for WDDD 2023. The song is beautifully composed and musically produced by the talented Mr. Satish Chakravarthy, with lyrics penned by Dr. Vishal Madane and the rap lyrics performed by Carter. Thomson Andrews, known for his soulful voice and Bollywood playback singing, TV hosting, and TEDx talks, lent his vocals to the English version of the anthem, alongside rapper Carter. The artist is also the founder of ‘THROAN OF ART,’ a media entrepreneur who actively supports social causes such as women empowerment, elderly care, and humanitarian efforts, embodying a commitment to social sustainability.

Reflecting on his experience, Thomson Andrews expressed, “It’s an honor to perform for this wonderful initiative. The GATEWAY OF INDIA holds a special place in my heart, from childhood memories to now standing on its stage. The depth of the song’s emotions, combined with the thought-provoking lyrics, truly inspire people to take a break from the digital world for better mental health and balanced living.”

Thomson Andrews donned a custom-made traditional Indian Bandgala suit designed by the acclaimed Pankaj Kumar, adding a touch of elegance to the evening. The singer’s impactful presence at the Pre-Celebration event on December 5th marked a significant contribution to the success of World Digital Detox Day. The performance videos of all unique talent displays by several artists who performed are set to captivate audiences worldwide on December 10, 2023.

Thomson Andrews Uplifts World Digital Detox Day at The Gateway of India Monument 2

Dr. Rekha Chaudhari, the visionary founder of the World Digital Detox Day Organization and Global Wellness Ambassador of India, states, “Our lives have become slaves to the digital world, constantly browsing, binge-watching, and seeking validation on social media. This has led to a unique epidemic of digital addiction. World Digital Detox Day offers an opportunity for people around the world to strengthen their personal relationships by dedicating time to connect in person, free from the distractions of devices.

The Mumbai event, held at The Gateway of India, was attended by eminent political personalities and celebrities among which veteran Actor Anupam Kher was also present, setting the tone for the main event on December 10th, 2023.

Social Beat Wins Digital D2C Mandate for Mankind Pharma

Leading digital marketing agency, Social Beat, has secured the D2C digital mandate for Mankind Pharma, one of India’s leading pharmaceutical companies after a multi-agency pitch. The partnership with Social Beat will mark a significant step forward in Mankind Pharma’s digital marketing efforts to strengthen its online presence and engage with a wider audience.

Mankind Pharma, known for its commitment to providing high-quality healthcare solutions, has chosen Social Beat as its digital partner to drive sales through the brand’s own website and drive growth in the digital space. With a diverse portfolio of pharmaceutical products, Mankind Pharma aims to connect with consumers across various demographics and geographies.

“We are delighted to be chosen as the digital marketing partner for Mankind Pharma,” said Suneil Chawla, Co-founder of Social Beat. “This collaboration presents a fantastic opportunity to leverage our expertise in digital marketing to help Mankind Pharma reach new heights in the online landscape. We look forward to crafting a highly impactful website and campaigns that resonate with Mankind Pharma’s objectives and growth.”

Social Beat, known for its data-driven approach and creative digital solutions, has a track record of delivering outstanding results for a wide range of clients across industries. The agency will be responsible for crafting and executing comprehensive digital marketing strategies for Mankind Pharma, encompassing various channels such as social media, search engine optimization (SEO), content marketing, and more.

Mr.Joy Chatterjee - Associate Vice President, Mankind

Speaking about the partnership, Mr Joy Chatterjee, AVP at Mankind Pharma, said, “In today’s digital age, it is imperative for us to have a strong online presence and engage effectively with our customers. Social Beat’s expertise in the digital marketing arena and their proven track record make them the ideal partner for our digital journey. We are excited about the opportunities this collaboration will bring and are confident that together, we will achieve great success.”

Social Beat’s experience in the pharmaceutical sector, coupled with its understanding of the Indian market, positions it well to assist Mankind Pharma in achieving its digital marketing objectives.

SpiceJet’s Stock Soars as Company Secures Fresh Capital, Experts Bullish on Breakout

New Delhi: – Budget carrier SpiceJet’s Board will meet on Monday (December 11), to decide on the proposal to raise fresh capital in the Company through the issue of equity shares. Sources said the Company was looking for anywhere between $100-1200 million fresh equity infusion.

The airline’s stock jumped 20% on the Bombay Stock Exchange, hitting the upper circuit, on Thursday after the news broke.

Experts are extremely bullish on the stock, which is significantly undervalued.

“SpiceJet, with its market capitalization currently standing at around INR 4000 crore, appears to be significantly undervalued when compared to its peers in the Indian aviation industry. A substantial equity infusion into the airline can turn around the fortunes of the 18-year-old airline,” said an industry expert.

For reference, the market capitalization of IndiGo is INR 1.1 lakh crore. “This stark difference in market capitalization positions SpiceJet as an attractive investment opportunity, offering substantial growth potential and attractive returns for investors,” he said.

The airline has multiple strong points to its advantage. “SpiceJet holds coveted slots and routes at all important Indian and international airports like Dubai, Thailand, Oman, Colombo, Male etc., providing a competitive edge in the market and contributing to its potential for sustained growth. It also has a 200-plus plane order with Boeing for the its 737 Max aircraft.”

“A correction in SpiceJet’s stock prices is imminent and could result in sizeable returns for investors. We believe it stands out as the best bet among Indian aviation companies for growth and returns. SpiceJet’s current share prices present an advantageous entry point for investors looking to capitalize on potential upward movements,” a senior SpiceJet official said.