EasyMyTrip launches 'EMT Invest' to back profitable businesses to scale
Synopsis
EaseMyTrip unveiled EMT Invest, a new initiative designed to forge alliances with thriving, founder-led enterprises. Targeting businesses that have achieved a pre-tax profit of Rs 5 crore and exhibit robust unit economics, EaseMyTrip seeks a minority stake, empowering founders to retain their leadership.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
30 minutes ago
- Time of India
MU revokes paid maternity leave for guest faculty and temporary staff
Mangaluru: In a cost-cutting move, Mangalore University (MU) has revoked paid maternity leave for guest faculty and temporary non-teaching staff. The syndicate granted four months of paid leave in July 2022, but the benefit was discontinued last month without alternative provisions. Tired of too many ads? go ad free now The cash-strapped MU aims for this move to significantly improve its financial condition, and the syndicate pointed out that there was no necessity to provide such benefits to guest faculty and temporary staff. Judith Mendonca, a syndicate member who proposed scrapping the policy, stated that guest faculty working under MU are paid a substantial amount of compensation compared to other state universities in Karnataka. The monthly salary is around Rs 40,000. Despite paying such a huge amount, their workload is minimal. There are guest faculty appointed for courses with fewer than 10 students. They have a maximum of three hours of work per day. In this scenario, it is an absolute financial burden on MU to offer the temporary staff such benefits. Therefore, MU has decided to withdraw and scrap the rule from May 2025 with immediate effect," explained Mendonca. The decision to offer paid maternity leave was taken after former syndicate member Ramesh K tabled the proposal. He informed that one of the guest faculty working in Kodagu district, which was earlier under MU, requested that all women guest lecturers be considered for paid maternity leave. No guest faculty or temporary staff under MU were eligible for the facility, even though many worked for more than a decade. The aim was to give them relief as they have no pay until they return to work. Tired of too many ads? go ad free now Currently, only contractual employees are eligible for six months of paid maternity leave, as directed by the state govt. Unhappy with the decision of MU, female guest faculty members said that they need to be given some other benefits for their welfare or reverse the decision.
Indian Express
37 minutes ago
- Indian Express
What's behind traffic snarls at 5 key border points in Delhi?
Daily traffic chaos along Delhi-NCR borders is more than just routine rush hour chaos — it's also fueled by toll booths and plazas run by the Municipal Corporation of Delhi (MCD). According to a recent government report, these toll points are the primary culprits behind the massive jams seen during morning and evening peak hours. Five key Delhi borders, as per the document, face daily traffic due to the MCD toll booths: Sarhaul/Rajokri border on NH-48; Delhi-Meerut Expressway; Dwarka Expressway near Bijwasan; Badarpur border (MCD plaza on NH-19/44); Urban Extension Road II (UER II) at Jharoda Kalan (near Najafgarh-Bahadurgarh Road). The issue was raised at a recent meeting between the Centre and the Delhi government on a plan to decongest the city, which includes ongoing big infrastructure projects being executed by the National Highways Authority of India (NHAI) to improve connectivity between Delhi and neighbouring cities. There are over 150 MCD toll booths, of which 13 are RFID (Radio-Frequency Identification) enabled. Over 1 lakh commercial vehicles enter Delhi daily, of which more than 50% are cabs. The civic body earns around Rs 800 crore a year from toll charges. At the meeting, officials said, the NHAI highlighted that significant traffic congestion at Delhi's borders is attributed to the MCD toll plaza operations. 'Traffic jams are witnessed due to the heavy flow of commercial vehicles at the specified locations. It has also been observed that traffic speed decreases at these [five] locations, raising the risk of collisions with high-speed vehicles approaching from behind…,' said officials. Officials also highlighted that the MCD has deployed a fee-collecting agency at these locations, causing hindrance to the free flow of traffic during peak hours. The MCD, in its response to the issues highlighted by the NHAI, said, 'Traffic snarls are taking place due to narrowing/funnelling of road just before the boundary of Airport and merging of UER-II traffic…' Officials said a possible solution to address this issue is implementing the gantry-based Multi-Lane-Free-Flow (MLFF) tolling system with FASTag integration. The MLFF system has no physical plaza. The tolling system will be mounted on gantries, which will capture vehicle information as they pass through. 'The MLFF system enables seamless, real-time toll collection using passive RFID and ANPR (Automatic Number Plate Recognition) technologies. As vehicles approach the gantry, their FASTag and license plates are automatically scanned. This allows the system to electronically deduct the appropriate toll amount from the driver's prepaid account without the need to stop or slow down,' said a senior official. Officials said that as the NHAI is the expert in the field of tolling, the MCD is planning to seek support from it. Officials from the corporation will visit and study NHAI's successful toll sites. 'Apart from this, the MCD is also planning to protect its revenue by interlinking FASTag with bank accounts, permits, insurance, etc,' said officials. In the meantime, the NHAI has asked the civic body to expedite the process of setting up the MLFF tolling systems at the five border areas. 'The Indian Highways Management Company Limited (IHMCL) may be contacted for providing necessary support to MCD for fastag/tolling integration,' read the document. The meeting also discussed other issues, including a request from the NHAI to the MCD to deposit toll tax collections that were due after March 22, 2020. According to the document, an MoU was signed on July 12, 2019, between NHAI and the erstwhile South Delhi Municipal Corporation for collecting toll at the Badarpur Elevated Fee Plaza on NH-2. The agreement was valid from June 12, 2019, to July 12, 2020. However, SDMC has not deposited the agreed amount since March 22, 2020. NHAI has requested a payment of Rs 21.3 crore, which has now increased to Rs 23.3 crore due to interest. In response, the MCD said it is trying to recover the amount from the contractor who was handling toll collection at the time. Officials added that several cases have been filed in different courts, and the matter is currently sub-judice.
Time of India
an hour ago
- Time of India
Redevelopment project of Tatanagar railway station put on fast track: SER
1 2 3 Jamshedpur: Officials in South Eastern Railways and the Chakradharpur railway division are trying to fast-track the process of selecting an agency to carry out the redevelopment of Tatanagar railway station. "Technical evaluation of the documents is presently being done, and subsequently, financial evaluation will be done ahead of the finalisation of the agency," Aditya Chaudhary, public relations officer of Chakradharpur railway division, said. Ten agencies participated in the tendering process and submitted their documents, Chaudhary said. Prime Minister Narendra Modi laid the foundation stone for the project in February last year and the railways has sanctioned Rs 348 crore for the project. Notably, the 110-year-old Tatanagar station handles 100-plus trains daily, and it is the only A1 category station in the division. Senior officials at the division said the rebuilding work will begin in five months. The redevelopment plan involves adding new platforms, constructing a new model building, and removing encroachments from a wide area in the vicinity of the platform. "Besides that, the laying of the third and fourth lines between Tatanagar and Gamharia stations is also part of the redevelopment plan," Arun Huria, divisional railway manager of Chakradharpur, said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 오스템 임플란트 받아가세요 임플란터 더 알아보기 Undo The railway plans to add three more platforms to the existing five at Tatanagar and ensure all eight platforms are equipped with escalator and lift facilities to aid Divyang commuters in reaching the foot over bridge (FOB) for entering and exiting the station. The station will have a multiplex, centralised airconditioning with a 2,000-plus passenger sitting capacity, and a VIP lounge. Spread across 200 acres of land, the proposed model station will have a variety of commercial and entertainment facilities over 79 acres. while the remaining area will be used for core railway infrastructure, officials said. The new station complex will have a network of 130 advanced CCTV cameras in platforms, parking lots, entry and exit gates. Besides Tatanagar, Ranchi and Hatia railway stations are being developed under the station redevelopment scheme.
