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Jet Airways refutes reports of pay cuts and stake sale, calls them 'factually incorrect' and 'malicious'

Jet Airways CEO Vinay Dube on Friday, August 3, said that the carrier wasn't facing issues and was consistently taking up several measures to cut costs without affecting the employees. He added that the reports of pay cuts and stake sale were not just "factually incorrect, but also malicious."

Aug 4, 2018

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Is Jet Airways headed for Kingfisher's fate? Fact file on Naresh Goyal and his iconic carrier

The launch of Jet Airways in 1993 marked the opening up of the rusty Indian economy. It's a paradox that, decades later, the iconic carrier is facing trouble in an era defined by the 100 percent FDI in aviation sector.

Aug 3, 2018

jet airways, jet airways etihad, emirates, emirates 2017 results, etihad emirates merger, gulf carriers hit by us rules, laptops banned to us flights

End of the road for Jet Airways? Company may have to ground operations in 60 days

The company has reportedly told its staff that it will have to close operations within 60 days if it does not implement drastic cost-cutting measures, including more pay cuts and job losses.

Aug 3, 2018

An aircraft of India's Jet Airways lands

Jet Airways pay cut: Pilots livid over 15% dip in salary, airline plans stake sale

The pilots of Jet Airways are said to be livid about the 15 percent pay cut and have blamed the management for the losses the airline has incurred. They said that the management must not unilaterally impose a salary cut and added that it was their inefficiency that caused the trouble.

Aug 3, 2018

Apple CEO Tim Cook calls $1 trillion market capitalisation a 'significant milestone'

With a closing price of $207.39 on Thursday, Apple became the first publicly listed U.S. company to ever reach $1 trillion in market capitalisation.

Aug 3, 2018

Apple becomes world's first trillion dollar company? Well, it's not true!

The news articles across the globe which claimed that the company has crossed the $1 trillion mark in market cap turned out to be wrong because of a technical fault with the app built into the iPhone

Aug 3, 2018

Reliance JioPhone India's 'market leader in handsets', Samsung trails behind

The JioPhone was India's top-selling phone in the second quarter of 2018, with a market share of 27 percent, and created a whole new segment- Fusion phones.

Aug 2, 2018

Nissan, Tamil Nadu close to settling incentives feud in a major win for PM Modi

The automaker is expected to settle for Rs. 20 billion as opposed to the Rs. 49 billion it was seeking in unpaid incentive dues from the Tamil Nadu government.

Aug 2, 2018

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7 Indian firms in Fortune 500 list; Indian Oil Corporation tops, Reliance Industries up 55 ranks

American retail giant Walmart tops the latest Fortune listing, while Indian Oil Corporation jumped to 137th position, from its 168th rank last year.

Aug 1, 2018

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Freshworks becomes latest entrant in Indian unicorn club

The company has plans to go for a public listing and before that, it is expecting another round of private funding from Alphabet's CapitalG which also participated in the current round of funding.

Aug 1, 2018

Huawei's rise sees Apple slip to third in global smartphones sales

Huawei shipped 54 million handsets, beating Apple's 41 million iPhones to become the second largest smartphone brand worldwide.

Aug 1, 2018

Flipkart's loyalty programme to launch on Independence Day; here's all you need to know

Flipkart Plus will launch on August 15, and unlike Amazon Prime, it will not be a subscription-based service. It will be tied to a shopper's frequency on the platform. The company is also adding third parties to the service.

Aug 1, 2018

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Paytm Payments Bank suspends customer registration after RBI order

The RBI has found several issues with Paytm Payments Bank and asked the company to stop onboarding new customers. It also wants the company to change its Chief Executive and office location.

Aug 1, 2018

Jet Airways pay cut: 'Joy of flying' turns sour as staffers' salary to take a 25% dip

Jet Airways hasn't specified a timeline for these pay cuts and were informed that even the senior management had seen a dip in their salaries. Jet also refused to divulge if the company would refund the deductions later on.

Aug 1, 2018

Tata Motors logos are seen at their flagship showroom

Tata Motors posts first loss in three years amid weak JLR sales

Profitability was hit due to lower operating leverage, higher discounts in the US, UK and China, foreign currency fluctuations, and higher depreciation and amortisation costs

Aug 1, 2018

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Business news

Jet Airways refutes reports of pay cuts and stake sale, calls them 'factually incorrect' and 'malicious'

Is Jet Airways headed for Kingfisher's fate? Fact file on Naresh Goyal and his iconic carrier

End of the road for Jet Airways? Company may have to ground operations in 60 days

Jet Airways pay cut: Pilots livid over 15% dip in salary, airline plans stake sale

Apple CEO Tim Cook calls $1 trillion market capitalisation a 'significant milestone'

Apple becomes world's first trillion dollar company? Well, it's not true!

Reliance JioPhone India's 'market leader in handsets', Samsung trails behind

Nissan, Tamil Nadu close to settling incentives feud in a major win for PM Modi

7 Indian firms in Fortune 500 list; Indian Oil Corporation tops, Reliance Industries up 55 ranks

Freshworks becomes latest entrant in Indian unicorn club

Huawei's rise sees Apple slip to third in global smartphones sales

Flipkart's loyalty programme to launch on Independence Day; here's all you need to know

Paytm Payments Bank suspends customer registration after RBI order

Jet Airways pay cut: 'Joy of flying' turns sour as staffers' salary to take a 25% dip

Tata Motors posts first loss in three years amid weak JLR sales

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]