Latest news with #incentive
TTG
10-07-2025
- Business
- TTG
DoSomethingDifferent.com unveils month-long booking incentive
For every booking of two tickets or more, agents will earn £10 Virgin Leisure Choice voucher, which can be redeemed at over 140 brands, such as Marks & Spencer, Caffè Nero, Boots and Cineworld. The incentive is for bookings made by 31 July. Booking references should be emailed to WIN@ with EPIC in the subject line before 8th August to be counted. A Universal Orlando 3 Park Explorer PLUS 1-Day Universal Epic Universe Ticket for 2025 visits is from £465 per adult and £456 per child, based on November arrivals. For customers booking ahead for 2026, the new Universal All Parks Ticket for 14 days admission to all four parks including Universal Epic Universe, costs from £482 per adult and £473 per child based on late January visits.
Entrepreneur
05-07-2025
- Business
- Entrepreneur
Centre Plans INR 2,000 Crore Incentive Scheme to Boost Domestic Drone Manufacturing
The new incentive programme is seen as an attempt to not only strengthen national security but also foster a robust domestic industry capable of serving both civilian and defence sectors. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian government is preparing to roll out a INR 2,000 crore ($234 million) incentive programme aimed at strengthening the country's domestic drone manufacturing ecosystem, according to a report by Reuters. The proposed scheme, which is expected to be implemented over three years, will target the production of drones, their components, software, counter-drone systems, and allied services. The initiative is being developed under the Ministry of Civil Aviation and is part of a broader effort to reduce reliance on imported technologies and address growing regional security concerns, particularly in light of Pakistan's expanding drone programme backed by China and Turkey. According to the Reuters report, the scheme will include provisions to localise the production of at least 40 per cent of key drone components in India by the end of FY 2027-28. In addition, manufacturers who procure critical parts from within the country will reportedly be eligible for extra incentives, a move aimed at deepening the domestic value chain. The Small Industries Development Bank of India (SIDBI) is also expected to play a supporting role by offering low-cost loans to drone technology firms for working capital and research and development purposes, the report said. This would mark the second major government-led incentive for India's drone sector. In 2021, the Centre launched a production-linked incentive (PLI) scheme with a total allocation of INR 120 crore. That programme ended last year. Since then, there has been growing anticipation of a follow-up initiative, especially after the then civil aviation secretary Vumlunmang Vualnam indicated in October 2023 that a new PLI scheme was under consideration. While the earlier PLI scheme helped initiate a fledgling drone ecosystem, officials have reportedly argued that the scale was insufficient to compete with foreign counterparts or to serve India's defence needs independently. The recent uptick in cross-border tensions has accelerated the urgency around launching a more expansive and targeted support mechanism. India's drone manufacturing currently depends heavily on components from countries such as China and Israel. The new incentive programme is seen as an attempt to not only strengthen national security but also foster a robust domestic industry capable of serving both civilian and defence sectors.
Irish Times
23-06-2025
- Business
- Irish Times
Revolut chief in line for Musk-style payday at $150bn valuation
Revolut's chief executive Nik Storonsky is in line for a multibillion-dollar windfall if he steers the fintech's valuation to about $150 billion (€131 billion), under a long-standing Elon Musk -style pay package. Mr Storonsky, who founded the $45 billion start-up in 2015, has an outsized incentive deal that would increase his stake in Revolut by several percentage points if the valuation more than triples from its current level, according to people familiar with the matter. The total amount of shares on offer could be worth as much as 10 per cent of the company if all the targets are hit, one of the people said. However, the package was structured such that it would pay out in stages when the valuation cleared set thresholds, the person said. READ MORE Some of the people likened Mr Storonsky's deal to the bumper pay deal that Musk negotiated with Tesla in 2018. That award, which was the largest in US history, has led to a years-long legal battle. Mr Storonsky's deal predates the company's blockbuster fundraising in 2021, in which an investment round led by SoftBank handed the company a valuation of $33 billion. [ Revolut eyes western European HQ in Paris and applies for a French banking licence Opens in new window ] The chief executive's direct and indirect holdings in Revolut shares topped 25 per cent in April this year after a reorganisation of its ownership structure, according to the company's latest annual report. Before that, no one had more than 25 per cent of the shares in issue, although Mr Storonsky was nonetheless deemed a person with significant control. The Revolut scheme underscores how investors seek to motivate top executives to reach ambitious growth targets. Bobby Healy on why Manna drone delivery could be the 'biggest technology company in the world for its space' Listen | 67:08 If Revolut reaches a $150 billion valuation, it would also deliver outsized returns for the company's early venture capital backers including Index Ventures and Balderton Capital. Mr Storonsky guided the company to its $45 billion valuation last year, when employees and early investors were allowed to cash in some of their shares. He sold hundreds of millions of dollars' worth of his own stock in the transaction, the Financial Times previously reported. The London-based start-up's profits more than doubled to £1 billion (€1.17 billion) last year as it surpassed 50 million customers, which boosted the fees it makes from card payments and the interest it earns on deposit. Revolut also benefited from a resurgence of crypto trading, which increased revenues nearly fourfold at its wealth business comprising stock and digital assets trading. Last year, the fintech received a banking licence in its home market after a years-long process. The award from the Bank of England represented a milestone for the company, with executives now hoping it will help it secure licences in other markets. The company has also begun to pay out cash bonuses to staff as part of an overhaul of its remuneration policy, a shift from a previous system that only granted bonuses in equity. The move comes ahead of a potential bumper initial public offering for Revolut. Revolut declined to comment. – Copyright The Financial Times Limited 2025
Irish Times
18-06-2025
- Politics
- Irish Times
€100 should be added to leap cards of anyone waiting more than 12 weeks for driving test, Dáil hears
Anyone waiting more than three months for a driving test should have €100 put on their Leap card as an incentive to use whatever public transport is available in their area, the Dáil was told. Social Democrats TD Aidan Farrelly said that given the backlog in driving tests for young people he called on the Minister for Transport to consider, as part of the next budget, putting €100 on learners' travel cards, for anyone waiting more than 10 or 12 weeks. 'This would give people an incentive to use whatever public transport is available be it rail or Local Link, he said. An estimated 100,000 people have applied for the test with an average waiting time of 20.6 weeks. READ MORE The Kildare North TD was speaking during a private member's debate on public transport. Green Party leader Roderic O'Gorman said the programme for Government contains significant commitments on public transport but is 'completely lacking' on the amount of funding and 'there isn't a deadline in sight'. Introducing the motion, he said that with no clear timelines there is less pressure on agencies and 'without constant pressure from the top no big reform in this country will ever succeed', Mr O'Gorman said. The motion calls for a further 20 per cent reduction in fare prices across the lifetime of this Government, the establishment of a new public transport passenger experience office and ensure a transport security force is operational by the end of 2026. To ensure this target is met funding for it should be included in this year's budget. The legislation would have to be introduced in September or October this year, he said. 'It means putting drafters under pressure, but there is widespread agreement that we need to improve the perception of safety on our public transport services, so let's deliver that now.' Minister of State for Transport Seán Canney said there is a 'strong commitment' to establish a transport security force with similar powers to the airport police and customs officers and operating under the National Transport Authority (NTA). The department is working to examine options for the establishment of a force but he warned the legislation will have a 'significant lead-in time'. 100 per cent Redress Party TD Charles Ward said the lack of public transport in Donegal had led to 'chronic traffic issues' and 'Letterkenny is a disaster'. He said ambulances 'constantly struggling to reach Letterkenny Hospital and what used to be a five-minute journey now takes 45 minutes and it's putting lives at risk'. People Before Profit TD Paul Murphy called for free public transport and said it was a 'question of political will to implement it'. He said it would cost €650 million but that 'needs to be matched with significant capital investment' to expand services. Independent TD Brian Stanley said it was time to tackle the 'nonsense' of drivers over the age of 70 not being allowed to drive schoolbuses when they drive private coaches with 52 passengers on board. Mr Stanley said the age limit should be pushed out to 75 with strict annual medical and driving tests for them. This would help reduce the shortage of bus drivers. Sinn Féin TD Pa Daly said 'we only have to look at Dublin's MetroLink, which has been stuck in the pipeline for decades, to see why Ireland regularly ranks as having one of the worst public transport systems in the EU'. The Kerry TD said there is still no rail in Donegal and that region 'ranks in the bottom 10 per cent of the EU's 234 regions in terms of transport infrastructure'. He said 'the Government cannot stand over that any more'. Labour TD Ciarán Ahearn there is 'no vision for public transport' in the Government's plans. 'There is no lodestar to work towards, and the programme for Government is beyond bare on details. Instead, it is bypasses for the boys, lay-bys for the lackeys.'
Daily Mail
16-06-2025
- Business
- Daily Mail
Desperate Aussie state is now offering workers $10K to move there - here's how you can cash in
Western Australia has offered skilled construction workers $10,000 to move to the state as part of the government's $12.3million plan to build more homes. The WA Government released its State Budget this week and extended its Build a Life in WA scheme. The incentive offers tradies from around Australia and New Zealand $10,000 to relocate in the west. Kiwi carpenter Brayden Laing was one of the tradies to take advantage of the program in February. The 25-year-old relocated from his home in Clyde, New Zealand, to Perth and was employed by Mundaring-based builder Brendon Scott. Mr Laign had heard about the incentive via social media and used the funds to help move and settle in Scarborough with his partner. 'It really helped us get over here. It's a good place to live,' he told The West. 'Definitely word-of-mouth gets around and New Zealand is a small place. 'We saw it as an opportunity to come over here and try to get ahead financially.' More than 360 people have started new construction jobs in WA under the scheme with 658 currently being assessed for eligibility. Skills and TAFE Minister Amber-Jade Sanderson claimed the extension of the incentive was part of a wider $37.5million investment in WA's construction ability. The WA Government also extended its Construction Visa Subsidy Program for a third time, encouraging employers to sponsor overseas tradies to move to WA. 'This investment will fund an additional 1100 workers to come in from other areas, other countries, other states, and settle in WA,' Ms Sanderson said. 'To date, this program has supported 849 skilled workers into the construction sector and supported businesses to bring them in to build our houses.' Advertising for the incentive will focus on job-ready construction workers living interstate and internationally. While the program has been successful in New Zealand, Ms Sanderson said the UK and Ireland are also a targeted job market. It's understood 70 per cent of existing applicants were from New Zealand. 'The key is the trades, not where they come from,' Ms Sanderson said. Housing and Works Minister John Carey said the government is aiming to boost housing supply. As part of its effort, it will also offer free TAFE courses to train its existing workforce.
