Business

Employees of Jet Airways decide to report for work, vote NOTA or abstain

Most of the employees pointed out how the crisis has left them in the lurch. Sangeeta said she has not even been able to pay the school fee of her son, who studies in Class

Revenue increased by 19.4 per cent to Rs 154,110 crore from Rs 129,120 crore in the same period of last year. However, on a standalone basis, RIL’s net profit was down 1.6 per cent at

Passengers holding confirmed RT tickets on Jet Airways will be allowed to avail special stranded passenger fares from the destinations common with Air India, it said.

The national carrier is looking at leasing five of the grounded carrier Jet Airways Boeing 777s and operate them to London, Dubai and Singapore.

The scrip of the company rose by 2.79 per cent to settle at Rs 1,382.90 on the BSE. During the day, it gained 3 per cent to Rs 1,387. On the National Stock Exchange (NSE),

Ratan Tata and the other directors earlier approached the high court, seeking to quash and stay the proceedings initiated against them by a magistrate court in the 2016 criminal defamation case filed by Nusli Wadia.

Market analysts said the decline in the stock was largely a knee-jerk reaction of the temporary suspension of operations for the struggling airline. 

In a statement released on Thursday, the lenders said, "The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors

State Bank of India had this week said the bid process for “orderly sale” of equity in the airline is currently being run by SBI Caps and is being vetted by the legal team.

Mindtree will, however, seek the approval for its proposal at the forthcoming annual general meeting likely to take place in June or July, but there will be no extraordinary general meeting for the same.

An LLP is a corporate business vehicle that provides benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.

The delay in receipt of annuity does not hamper the capability of HREL servicing the payment obligation of Rs 52.7 crore due on 14th April 2019 with the available cash of Rs 83 crore.”

ASG observed it would become ‘a binding direction’, hamper auction.

Stating that the airlines is unique because its employees are “unique” even at a time when the management struggled to generate interim funding, Dube said, “We must be given another chance”.

While a chunk of Jet’s employees started looking for jobs at rival airlines — many even taking a pay cut — for the airlines a race to fill the void left by Jet has begun.

Holiday season likely to see up to 40 per cent hike in prices

The three-day audit, which began Monday, was ordered by the aviation safety regulator after several “glaring lapses, non-reporting, irregular reporting of IndiGo’s A320neo incidents,” said a source.

Officials reported Wednesday that the Chinese economy, the world’s second largest, grew 6.4% in the year’s first quarter compared with the same period in 2018.

As low-cost airlines made their way into India's civil aviation sector in the 2000s, Jet Airways decided to lower the fares drastically. The losses and the resulting debt grew throughout the past decade, and Jet

The last flight will be Amritsar-Mumbai-Delhi at 10:30 pm tonight.

The consortium of banks refused to provide Jet Airways with the Rs 400 crore in emergency funds that the airline was seeking to stay operational.

Indian carriers including IndiGo and GoAir have Pratt & Whitney-powered Airbus A320 neo planes and the engines have been facing issues since their induction in the fleet three years ago.

While IRCTC IPO could fetch about Rs 500 crore, public offering of IRCTC could garner close to Rs 1,000 crore to the government.

HSBC Daisy moved the appellate tribunal over the alleged default of payment of Rs 230 crore by Reliance Infratel.