Business

The settlement followed two years of increasingly bitter legal battles between the two companies and came as opening arguments took place at a trial in federal court in San Diego.

Jet Airways crisis: The oldest private airlines, that once had a fleet of 123 carriers, has suspended its international operations till April 18 with seven domestic flights operational until Tuesday.

According to airline sources, while the company has sought Rs 1,000 crore, they are hopeful that banks will extend Rs 400 crore immediately to keep the airline flying.

In March this year, the government had reconstituted the Insolvency Law Committee as a standing committee, chaired by MCA Secretary Injeti Srinivas, to analyse the functioning and implementation of IBC.

The high court’s order came on an application moved by Sankaran on Monday that under a provision of the Companies Act, his remand could not extend beyond 15 days.

Speaking at last year’s informal ministerial, Commerce and Industry Minister Suresh Prabhu stressed India had been a votary of multilateral trading system.

In India, public expenditure on health has stagnated at 1.3 per cent of GDP between 2009-2013 and 2014-2018, and the investment in education even fell from 3.1 per cent to 2.6 per cent, Piketty wrote,

Tax department has sought detailed bifurcation about exemptions taken by salaried employees under Section 10 of Income-tax Act, which include leave travel allowance (LTA), life insurance, pension, gratuity, leave encashment, transport allowance and house rent

Jet Airways, which operated a fleet of 123 at its peak till a few months ago, is now flying only five aircraft due to lack of funds to remain operationally afloat.

The BSE Sensex started off on a bullish note at 39,040.30 and hit a new intra-day record of 39,364.34. It, however, finally settled at 39,275.64, 370 points or 0.95 per cent higher, marking its life-time

Separately, the civil aviation ministry would convene meetings of representatives of airlines and airports on April 18 to discuss capacity expansion, rising airfares and other issues.

There has been an adverse impact on the number of flights being operated in various routes following Jet Airways drastically curtailing its operations.

The Wipro board has also approved a Rs 10,500 crore buyback plan under which it will buy back up to 32.3 crore shares at Rs 325 apiece.

Airlines were advised to continue to monitor at their level and provide information to the DGCA to keep fares low as far as possible, he noted.

Considering a sample of twelve hundred M&A deals during 2000-2017, the paper titled Firms of a Feather Merge Together: Cultural Proximity and Firms Outcome, found that caste plays a significant role in sealing business deals, at

The full-service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan.

Some of the most common documents required for making a claim include a copy of the policy, death certificate of the insured, identity proof of the nominee, etc.

Apple claims Qualcomm used its monopoly power as a maker of modem chips for mobile phones to extract excessive patent royalties from phone makers. Qualcomm is seeking billions of dollars in unpaid royalties from Apple’s

The BSE benchmark Sensex jumped over 200 points in early trade Tuesday led by gains in banking, metal, oil and gas, telecom and auto stocks, amid unabated foreign fund inflows and positive global cues.

Food articles’ inflation has been rising steadily for the last five months. Inflation in the fuel and power category also rose to 5.41 per cent, from 2.23 per cent in February.

Jet Airways was the only Indian airline to operate on routes such as Mumbai-Colombo, Mumbai-Kathmandu and Mumbai-Hong Kong till recently.

The lenders of the airline met its management on Monday to decide on the funding, and discussions assumed significance given the airline’s inability to stay afloat due to lack of sufficient working capital.

GSTR-9 is the annual return form for all taxpayers registered under GST, wherein businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit. GSTR-9A is for composition taxpayers.

This is the best growth rate for exports since October 2018, when shipments grew by 17.86 per cent. Imports rose by 1.44 per cent to $43.44 billion in March 2019.

The company’s market valuation jumped Rs 36,136 crore to Rs 7,91,772 crore on the BSE. “TCS beat street/our estimates on revenues,” Emkay Global Financial Services said in a report on Saturday.