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Naresh Goyal opts not to bid for acquiring stake in cash-strapped Jet Airways

Civil Aviation Minister Suresh Prabhu tweeted on Tuesday that the ministry will be reviewing the fares, cancellations and other issues related to Jet Airways.

6 days ago

SpiceJet gains on Jet woes, rising international profile with network expansion

Budget carrier SpiceJet's stock zooms on the third day of gap-up opening as Jet Airways crashes; market expects further upside while lenders dither on rival's recapitalisation.

6 days ago

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Jet Airways' fateful descent accelerates; fuel supply to last just hours

Jet Airways chief executive Vinay Dube said the lenders could not reach a consensus on the emergency funding and the board would meet again on Tuesday to further deliberate on the matter.

6 days ago

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Reliance Jio's fibre unit readies Rs 27,000 crore war chest to fund expansion

The funds will be used by the company to expand its data network and attract users from other companies and businesses.

7 days ago

Why is only SpiceJet hiring Jet pilots and engineers at steep pay cuts?

Budget airline SpiceJet is gobbling up disgruntled pilots and engineers of stricken Jet at up to 50% salary discount while IndiGo and GoAir are less interested in poaching crew.

7 days ago

Market consolidation to continue amid election uncertainty in a truncated week

IT, banking and oil stocks in focus as earnings season unfolds while election and economy numbers expected to roil shortened week.

8 days ago

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Jet Airways gets a lifeline, airline likely to get Rs 1000 crore on Monday

The latest proposal of fund infusion came after a meeting of civil aviation secretary Pradeep Singh Kharola and top officials in the PMO Friday evening, deliberating the possible way out to save the beleaguered airline.

8 days ago

IL&FS Chairman Ramesh Bawa arrested for massive loan defaults

The former top executive has been held under Section 447 of the Companies Act that enables SFIO to arrest a person for committing fraud.

9 days ago

Reliance Communications denies France waived taxes for Anil Ambani-led company

Reliance Communications rubbished a media report which claimed that taxes to the tune of 143.7 million euro were waived by the French authorities.

9 days ago

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Will lenders thwart Naresh Goyal's bid for backdoor entry to Jet's cockpit?

Jet Airways founder's expression of interest in debt resolution plan puts banks that ousted him as chairman in a fix while reports of PMO's interest add to uncertainty

9 days ago

How much is Facebook spending to keep Zuckerberg safe?

Mark Zuckerberg was awarded $9,956,847 in 2018 as the pre-tax income for security and personal travel. He was given an extra $10 million for his family's security.

9 days ago

Once bitten, twice shy: Roots of Etihad's reluctance over Jet Airways rescue plan

Etihad's non-binding expression of interest in Jet rescue plan is only the first step in a long and cautious journey for UAE national carrier in a bid to avoid pitfalls it stepped into earlier.

10 days ago

Will Naresh Goyal return to Jet Airways? All eyes on him as bid deadline nears

Naresh Goyal can offer an expression of interest in Jet's debt resolution plan and has a remote chance of returning to controlling role but will have uphill task convincing lenders to ignore possible objections of Etihad.

10 days ago

Does Goyal legacy make Jet investment a poisoned chalice for other airlines?

There were reports that Tata Sons, which has major stakes in Vistara and Air Asia India, might be interested in Jet Airways.

11 days ago

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Amazon's super-app offering goods and services bouquet to spur new e-commerce war

Online retailer Amazon is set to leverage newly acquired Tapzo platform to develop super-app for online trade in products and services including flight ticket booking, food delivery and cab hire.

12 days ago

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