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FLY91 partners with IBS Software for commercial operations

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FLY91 ties up with IBS Software for commercial operations

FLY91, the youngest regional airline in India, has teamed up with IBS Software to enhance its commercial operations. IBS Software, based in Technopark in Thiruvananthapuram, is known for providing IT solutions to various airlines, with FLY91 being the latest addition to its clientele.

The partnership will see FLY91 using IBS Software’s reservation package, which is tailor-made to offer a seamless, efficient, and affordable booking experience for customers. Prasanna Subramaniam, CTO at FLY91, emphasized the importance of providing a user-friendly reservation process to attract and retain customers, especially as the airline aims to cater to a new segment of air travelers.

In a statement, Prasanna Subramaniam expressed the airline’s enthusiasm for collaborating with IBS Software, highlighting the crucial role of such partnerships in enabling FLY91 to serve a larger demographic of Indian flyers. On the other hand, Gautam Shekar, Senior Vice President at IBS Software, reiterated the company’s commitment to supporting FLY91 in delivering exceptional customer experiences and unlocking new travel opportunities for millions of Indians.

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With this strategic alliance in place, FLY91 and IBS Software are geared up to revolutionize the Indian aviation industry by providing innovative solutions and unparalleled service to customers, ultimately setting new standards in the regional airline sector.

IANS, established in 1986, is India's largest independent news service, offering 24x7 news from India and South Asia, and a preferred source for diverse content across six business verticals.

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NSE IPO awaiting approval from SEBI, CEO confirms

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NSE IPO awaits SEBI’s green signal, says CEO

New Delhi, April 16 (IANS) – The National Stock Exchange (NSE) is eagerly awaiting approval from SEBI for its upcoming IPO, according to MD and CEO Ashish Kumar Chauhan. Chauhan, who made headlines with BSE’s IPO in 2016, took over as NSE’s CEO in July 2022, setting the stage for another major milestone.

Chauhan revealed, “Once it gets a green signal from SEBI, we will get our draft red herring prospectus (DRHP) done and submit it.” The successful listing of BSE’s IPO in 2016 has set high expectations for NSE’s upcoming public offering.

Investors reaped the benefits of 13 out of 78 IPOs listed in the fiscal year 2023-24, with the S&P BSE IPO index jumping 69 percent in FY24. Chauhan hinted at more IPOs in the coming year if the market continues its upward trend, emphasizing the importance of seamlessly running India’s largest stock exchange.

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With 55.51 percent of NSE’s shareholding held by the public as of December 31, 2023, the exchange remains a key player in the Indian financial market. Chauhan’s leadership and strategic vision position NSE for further success in the fast-paced and ever-evolving world of stock trading.

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Andrew D. Baglino Net Worth 2024: How Much is the Tesla Executive Worth?

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Andrew D. Baglino Net Worth 2024: How Much is the Tesla Executive Worth?

Who is Andrew D. Baglino?

Andrew D. Baglino is a prominent figure in the manufacturing industry, particularly renowned for his role as the Senior Vice President of Powertrain and Energy Engineering at Tesla Inc. Baglino’s journey to success began in 2006 when he joined Tesla as an electrical engineer. Over the years, he has made significant contributions to the company’s technological advancements, particularly in powertrain and energy engineering.

Andrew D. Baglino’s Career

Baglino’s career at Tesla has been marked by notable achievements and advancements. Starting as an electrical engineer, he worked on crucial projects such as motor control firmware and digital test equipment for the Tesla Roadster. His expertise led him to become the Director of Engineering for Tesla Energy, where he played a pivotal role in designing powertrain systems for Tesla vehicles. By 2019, Baglino assumed the position of Senior Vice President, overseeing powertrain and energy engineering operations at Tesla.

Andrew D. Baglino’s Net Worth

As of April 1st, 2024, Andrew D. Baglino’s estimated net worth stands at least $5.04 million. This estimation is based on his ownership of 31,230 shares of Tesla stock, valued at over $5 million. Additionally, Baglino earns a salary of $303,000.00 per year as the SVP of Tesla Inc. His net worth does not account for any other investments he may possess.

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Andrew D. Baglino’s Age

Andrew D. Baglino is currently 43 years old, making him a seasoned executive within Tesla’s leadership. His extensive experience and expertise contribute significantly to the company’s innovation and success in the manufacturing industry.

Andrew D. Baglino’s Family: Husband and Children

While specific details about Andrew D. Baglino’s family life are not widely available, it is known that he has been married for several years. His wife is described as being highly supportive, and together, they have built a life filled with happiness and fulfillment. However, details regarding his children are not publicly disclosed.

Andrew D. Baglino’s Height and Weight

Andrew D. Baglino stands at a height of 5 feet 6 inches and weighs approximately 84 kilograms. While physical attributes do not define his professional capabilities, this information provides insight into his profile.

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Also Read: Frédéric Arnault Net Worth 2024: How Much is the Former CEO of TAG Heuer Worth?

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Microsoft Makes $1.5 Billion Investment in AI Company G42, Headquartered in the UAE

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Microsoft invests $1.5 billion in UAE-based AI company G42

Microsoft announced a $1.5 billion investment in UAE-based AI technology company G42 to establish a $1 billion fund for developers. The collaboration aims to bring Microsoft AI technologies and skilling initiatives to the UAE and other countries globally. Brad Smith, Vice Chair and President of Microsoft, will join the G42 Board of Directors.

H.H. Sheikh Tahnoon bin Zayed Al Nahyan, Chairman of G42, expressed, “This partnership is a testament to the shared values and aspirations for progress, fostering greater cooperation and synergy globally.” G42 and Microsoft will bring advanced AI and digital infrastructure to countries in the Middle East, Central Asia, and Africa.

Smith shared, “We will work together not only in the UAE, but to bring AI and digital infrastructure and services to underserved nations.” The focus will be on combining world-class technology with world-leading standards for safe, trusted, and responsible AI, in coordination with the UAE and US governments.

The investment and partnership between Microsoft and G42 will drive innovation in AI technology and support developers globally. This collaboration highlights the commitment to advancing AI technologies for societal progress and enhancing digital infrastructure in underserved regions.

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