Monday , 20 May 2019
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Lenders hopeful of successful bids for Jet New Delhi: A day after Jet Airways suspended all its flights after running out of money, lenders to the carrier Thursday said they were “reasonably hopeful” that bidding process for the airline will end successfully. Lenders led by the State Bank of India had declined to extend more funds to Jet, forcing it ... Read More »

We can lease out 5 Jet planes: AI chairman

Mumbai: National carrier Air India is looking at leasing five of the grounded carrier Jet Airways Boeing 777s and operate them to London, Dubai and Singapore. Read More »

Jet stocks sink as investors react to suspension

Mumbai: Jet Airways scrips tanked over 30 per cent on the BSE during the early trade on Thursday, after “temporary suspension of domestic and international operations” over the refusal of lenders to provide emergency funding. Read More »

SpiceJet to induct six more Boeing 737s

Mumbai: Budget carrier SpiceJet Thursday said it will dry lease six more Boeing 737 planes, and roll out of 24 daily new flights connecting Mumbai and Delhi as it seeks to encash void left by the temporary grounding of Jet Airways. Read More »

Reliance posts highest quarterly net profit of  Rs 10,362 crore in Q4

New Delhi: Richest Indian Mukesh Ambani-led Reliance Industries Thursday posted the highest quarterly net profit by any Indian private sector firm with a 9.8 per cent rise in earnings in the period ended March 31 after robust business in retail and telecom sectors offset a dip in oil refinery margins. Read More »

Jet Airways announces temporary suspension of flight operations

UNI Mumbai Cash-strapped airline Jet Airways on Wednesday announced temporary suspension of its flight operations effective Wednesday. “With immediate effect, Jet Airways is compelled to cancel all its international and domestic flights. The last flight will operate Wednesday,” the company said in a statement. “Late Tuesday night, Jet Airways was informed by the State Bank of India (SBI), on behalf ... Read More »

Mallya fails to convince UK court

PTI London Vijay Mallya on Wednesday failed to convince a UK High Court to dismiss an order related to money in one of his London bank accounts, dealing a blow to the embattled liquor tycoon’s efforts to prevent a consortium of Indian banks getting access to nearly 260,000 pounds. In one of the many legal cases being faced by the ... Read More »

ICICI Bank launches insta car, two-wheelers loans

UNI New Delhi Private Bank ICICI Bank on Wednesday announced the launch of two facilities to empower its millions of customers with final sanction letters for car and two-wheeler loans instantaneously, in a fully digital manner. The first service, called ‘Insta Auto Loan’, enables over two million pre-approved customers to avail the final sanction letter of a car loan instantly ... Read More »

Modi to address traders tomorrow

UNI New Delhi Prime Minister Narendra Modi will address traders of Delhi and the country on April 19 about their greater participation in national economy and development of the country. CAIT Secretary General Praveen Khandelwal said on Wednesday that the BJP has included core and fundamental issues of the business community which include formation of a national traders welfare board, ... Read More »

DGCA asks airlines to reduce airfares on 10 routes

New Delhi: Aviation watchdog DGCA on Tuesday asked airlines to reduce fares on ten domestic routes to “reasonable levels” as ticket prices on these high density routes have risen up to 30 per cent in last one month, according to a senior official. Read More »