At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
The game incidentally was an old Sicilian where Shirov tried an unconventional ninth move.
Former World champion Viswanathan Anand and India cricketer Yuzvendra Chahal among others took part in an online chess charity event, raising Rs 8.8 lakh for the waste pickers' community fighting the coronavirus pandemic. "Chess For Charity", held on Saturday on chess.com, saw India No.1 Anand, No. 2 Vidit Gujrathi, Grandmaster Nihal Sarin, Woman Grandmaster Tania Sachdev and Croatia's Antonio Radic take on a team of comedians comprising Biswa Kalyan Rath, Samay Raina, Abhishek Upamanyu and Aakash Mehta.
Chess master-turned-cricketer Yuzvendra Chahal went back to his old passion, headlining an online blitz event organised by chess.com, and said the sport taught him to be patient on the cricket field. A former national Under-12 chess champion, India cricketer Chahal has the distinction of having represented the country at the World Youth Chess Championships, and is listed on the World Chess Federation (FIDE) website. His Elo rating is 1956.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
Cyber crimes caused by the insured's employees also get covered under the policy but would exclude the actual perpetrator.
Summary of sports events and persons who made news on Saturday
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