As Jet Airways temporarily suspended its operations after its debt resolution plans hit a roadblock and lenders refused to disburse emergency funds, the airline joined a litany of Indian businesses that have gone belly up in the recent past or … read more
Jammu (IANS) The online helicopter booking for the annual Amarnath Yatra will begin on May 1, according to an announcement on Friday. A statement issued here by the Shri Amarnathji Shrine Board (SASB) that manages the affairs of the annual Himalayan … read more
Hyderabad (IANS) With Saudi Arabia looking to diversify its economy, India’s new ambassador to the kingdom, Dr. Ausaf Sayeed, believes this offers new opportunities for both the Indian industry and the workforce. Contrary to apprehensions in some quarters that job opportunities … read more
New York (IANS) The US announced on Monday it is ending the waiver given to India to buy Iranian oil and has threatened sanctions if it did not comply with the embargo. Announcing the end of the waivers, White House Press … read more
New Delhi (IANS) Senior executives of grounded Jet Airways met the Union finance minister Arun Jaitley on Friday and requested him to direct the banks to release at least one month’s salary. Jet has not paid salaries of a large number … read more
New York (IANS) The US dollar increased in late trading on Thursday, as the US economy got a boost by estimated surging retail sales, while the euro dropped due to downbeat eurozone economic data. In late New York trading, the euro … read more
New Delhi (IANS) Days after the dismissal of his petition by the Supreme Court, the Serious Fraud Investigation Office (SFIO) on Friday arrested IL&FS CEO Ramesh Bawa in a case related to massive loan defaults. The former top executive has been … read more
New Delhi (IANS) A hapless government slap bang in the middle of getting re-elected needs to be prepared for a harsh backlash in the eventuality that it returns to power. As of now, it appears that Prime Minister Narendra Modi should … read more
Mumbai/New Delhi (IANS) With its fleet size further shrinking to 14 aircraft, debt-ridden Jet Airways on Thursday suspended long-haul West-bound flight departures for one night and invited government scrutiny over the airline’s regulatory compliance. The development came after the once premier … read more
Mumbai/New Delhi (IANS) Even as former Jet Airways’ Chairman Naresh Goyal is expected to submit initial bids to purchase stake in the airline, the state-run National Investment and Infrastructure Fund Limited (NIIFL) has shown interest in the cash-strapped carrier’s stake sale … read more