Companies

Pawan Hans follows Air India into divestment turbulence as election intervenes

Public sector helicopter operator fails to receive adequate investor interest despite extending deadline several times over the past one year.

Apr 22, 2019

Jet Airways threatened with bankruptcy proceedings

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts

Service provider's notice threatening insolvency proceedings over Rs 25 lakh dues could snowball into major trouble for the lenders to whom Jet Airways owes Rs 8,500 core debt if other creditors join the action.

Apr 22, 2019

air india express aviation civil air india market share profit modi revenue passengers plf market india

Air India Express, Air India mull Jet planes lease as lenders secure assets

Indians in the Gulf happy as flight cancellation because of aircraft shortage is a major problem in the sector; Air India hopes to lease wide-body aircraft along with the routes.

Apr 22, 2019

RIL asks its 40,000 employees asked to switch from Airtel, Vodafone to Jio

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

The central government had issued preliminary information memorandum kicking off the Air India's disinvestment process.

Apr 20, 2019

Anil Ambani's RCom in limbo as deal with Mukesh's Jio snaps; court cases drag on

Telecom operator scrapped Rs 7,300-crore spectrum sales deal with Jio after DoT refused nod for transfer amid mounting dues of unpaid license fees.

Apr 20, 2019

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Hundreds of Jet Airways employees protested in Delhi and Mumbai on Thursday to push its management for answers about their future after the airline shut down all flight operations on Wednesday having failed to secure new funding from its lenders.

Apr 20, 2019

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Lenders may have made a tactical error by not keeping Jet airborne as grounded airline increases the bargaining power of prospective investors and rescue plan delay erodes assets value.

Apr 19, 2019

The Air India plane flying the inaugural trip from Lucknow,

Is Air India skidding down the same road that Jet and Kingfisher took?

Air India could become the third airline to crash land in a decade bursting India's aviation bubble.

Apr 19, 2019

Reliance Retail bid for UK-based Chinese toy chain Hamleys to help global foray

Mukesh Ambani's company wants to access new geographies and customer base for its products with reported move to acquire iconic Chinese-owned toy chain Hamleys.

Apr 19, 2019

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Tata group secures controlling stake in Air Asia India; infuses Rs 500 crore

After the investment, the group is now holding controlling stakes in two private airlines operating in India, the other being Vistara where Tatas controls 51 per cent.

Apr 18, 2019

Jet Airways folding up the Kingfisher way? Here are the strange similarities

Jet Airways registered itself on Bombay Stock Exchange (BSE) in 2004, a year before Kingfisher took off, and launched the IPO in 2005, raising Rs 1,890 crore.

Apr 18, 2019

JPMiles 'secure and remain intact', says JetPrivilege after Jet Airways shutdown

The embattled airline was forced to stop all its flights after almost 26 years of its operations. The last flight of the debt-ridden airline took off at 10.30 pm on Wednesday.

Apr 18, 2019

Ola joins hands with BBMP and Election authorities to ferry people with disability to polling booths

As a part of this free service, Ola has assigned 270 cabs to the election commission which will be made available to ferry PWD voters to polling booths.

Apr 18, 2019

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Reliance to sell 25% in refining business to Aramco to pare Rs 3 lakh crore debt?

Reliance's mainstay refining and petrochemicals operations could be valued at $55-$60 billion in the gargantuan deal, fetching the Indian conglomerate around $10-$15 billion for the minority stake.

Apr 17, 2019

Jet Airways to temporarily shut operations tonight, last flight at 10.30 pm

The SBI-led lenders' consortium has not been able to find a consensus about the initial fund infusion required to get a rescue plan on the runway.

Apr 17, 2019

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Companies

Pawan Hans follows Air India into divestment turbulence as election intervenes

Bankruptcy proceedings threat complicates matters for lenders' Jet Airways rescue efforts

Air India Express, Air India mull Jet planes lease as lenders secure assets

Mukesh Ambani to foray into aviation sector? May buy stake in Jet, bailout Maharaja

Anil Ambani's RCom in limbo as deal with Mukesh's Jio snaps; court cases drag on

SpiceJet to give hiring preference to employees of Jet Airways: Chairman

Jet Airways lenders may be facing dilemma of writing off 80% dues or losing 100% loans

Is Air India skidding down the same road that Jet and Kingfisher took?

Reliance Retail bid for UK-based Chinese toy chain Hamleys to help global foray

Tata group secures controlling stake in Air Asia India; infuses Rs 500 crore

Jet Airways folding up the Kingfisher way? Here are the strange similarities

JPMiles 'secure and remain intact', says JetPrivilege after Jet Airways shutdown

Ola joins hands with BBMP and Election authorities to ferry people with disability to polling booths

Reliance to sell 25% in refining business to Aramco to pare Rs 3 lakh crore debt?

Jet Airways to temporarily shut operations tonight, last flight at 10.30 pm

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]