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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.

Delivering the keynote address at the 2019 ECOSOC Forum on Financing for Development at the UN Headquarters on Monday, Rajan said the open liberal democratic market system that brought the world enormous prosperity in the

The upbeat readings, which included faster investment growth, come as Beijing and Washington appear to be nearing a trade deal. Investors have ranked China's slowdown and the trade war as the biggest risks facing the

The move is aimed at augmenting capacity in the domestic markets, especially on regional routes, following the near collapse of Jet Airways, which has resulted in massive surge in airfares besides mismatch in demand and

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.