| | JANUARY 20258EXCLUSIVEThe Central Government has appointed V. Narayanan as the new Chairman for Indian Space Research Organization (ISRO) and Secretary to the Space Department. The appointment commences on January 14, when Narayanan will take over from Somanath after his tenure. He will continue as Secretary of the Department of Space after S. Somanath, whose term of office is soon ending, on January 14. Initially, his term of office was two years from the order issued on January 7, 2011, by the Appointments Committee of the Cabinet. He is presently the director of Liquid Propulsion Systems Centre (LPSC) at Valiamala, Kerala.With a few decades of extensive experience, he has in the rocket and spacecraft propulsion strategic area made the man eligible among the most renowned in the scientific fraternity in that field and left a rich treasure in the not-so-old profession.Under his guidance, LPSC delivered 183 Liquid Propulsion Systems and Control Power Plants for various ISRO missions. Narayan was the Director at LPSC, and during his tenure, CE20 Cryogenic Engine was developed for GSLV Mk III, which is a vital project for India's space program.He has about four decades of experience in rocket and spacecraft propulsion, during which time he managed to become one of the great legacies himself. Nationally, he is the reputed scientist who brings this into his new role. His experiences include significant contributions to major ISRO projects such as Aditya Spacecraft, GSLV Mk-III, and many more. There have been several prestigious awards that have been given to him for his accomplishments, including the Shri Award from the Astronautical Society of India and Distinguished Alumni Award from IIT-Kharagpur. GLiV NARAYANAN NAMED AS THE NEW CHAIRMAN OF ISROBET365 CEO ACCEPTS SIGNIFICANT PAY CUT, YET EARNS OVER £150MDenise Coates, CEO of the gambling company Bet365 and one of the wealthiest women in Britain, accepted a 45% pay reduction last year yet still received a compensation package valued at over £150 million.By all indications, the highest-paid director of Bet365 Group is Coates, who earned £94.7 million during the year ended March 2024, down from £221 million in the previous year.In addition, she would be expected to receive more than half of the dividends distributed by the UK-based company, which accounted for approximately £63 million of the total £110 million dividend, up from a total of £100 million in the prior year.This rapid growth was a result of the Stoke-on-Trent company's efforts, most of which was attributable to Coates.Bet365 is Stoke's largest employer. With this profit, the group was able to post a pre-tax profit of £596.3 million, a substantial turnaround from the £72.6 million lost the previous year as it expanded into areas such as North America.Yes, further evidence of successful expansion can be found in the revenue of the group, which increased by 9% to £3.7 billion. Also, the low pay for the top management might have brought profits.From Local to GlobalBet365.com is home to one of the biggest online gambling platforms around the globe.The Bet365 website was built more than 20 years ago by Ms. Coates from a movable building in a parking lot in Stoke-on-Trent.She has been dubbed one of the "most successful women" of the UK and one of the highest income-generating executives globally.Coates has a first-class degree in econometrics and then trained as an accountant in the family business.He now continues his fathers' legacy well on the way to transforming the group into one of the world's largest online gambling companies based on his father's bookmaking business.Her elder brother, John Coates, 55, is co-CEO, Bet365 and co-chairman of Stoke City Football Club. John, her brother, is a co-CEO of Bet365 and a joint chairman of Stoke City Football Club, aged 55.Her well-recognized persona is often linked with the engines of this business. She actually became the managing director of her family's chain of betting shops at the age of 22.The combined Coates family net worth stands at close to 7.5 billion pounds, putting them in place at 20th on last year's Sunday Times Rich List. GLi
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