Jet staff promise to secure Rs 3,000 crore, seek SBI nod to bid

New Delhi (IANS) Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a consortium of employees and external investors to bid for the company's…

Government stake to fall below 51 pc in bluechip PSUs to boost disinvestment

New Delhi (IANS) Government proposes to offload a substantial portion of its stake in select blue-chip companies this year to meet higher disinvestment target even though the exercise will bring down its holding below 51 per cent level, the minimum…

Rs 300 cr hole in Air India pocket as Pakistan air space closes

New Delhi (IANS) Air India has suffered losses of around Rs 300 crore since late February as its long haul flights from New Delhi are taking longer to reach destinations in Europe, the Gulf and the US because of the closure of Pakistan's airspace.

A-I operations to normalise by Saturday night

New Delhi/Mumbai (IANS) National carrier Air India expects operations to normalize by Saturday night after its flights were delayed due to a software glitch which hindered essential services like check-in, baggage handling, and boarding.

Tata Steel net profit down by 84 per cent in Q4

Mumbai/ Kolkata (IANS) Steel giant Tata Steel on Thursday reported a whopping 84 per cent decline in its consolidated net profit, to Rs 2,295 crore, during the fourth quarter of the financial year 2018-19 as compared to Rs 14,688 crore in the corresponding…

HDFC Life Insurance posts Rs.1,277 crore net profit

Mumbai (IANS) Private life insurer HDFC Life Insurance Company Ltd on Friday said it closed last fiscal with a 15 per cent growth in net profit.

In a statement issued here, the company said it had logged a net profit of Rs 1,277…

No clarity from banks on paying salary dues: Jet CEO

New Delhi (IANS) Hinting that Jet Airways employees are unlikely to receive their salary dues till the stake sale process is completed, Vinay Dube, the CEO of crisis-struck Jet Airways, on Friday told airline employees that the lenders have…

Key Indian equity market indices open in green

Mumbai (IANS) Despite muted trend in global markets, the key Indian equity market indices on Thursday opened higher ahead of F&O expiry.

The Sensitive Index (Sensex) of the BSE, which had closed at 39,054.68 points on Wednesday, opened…

148 MT foodgrain output expected in Kharif 2019-20

New Delhi (IANS) With the Indian Meteorological Department forecasting "near normal" monsoon this year, the Agriculture Ministry on Thursday set its target for foodgrain production during kharif season 2019-20 at 147.9 million…

Dollar climbs amid economic data

New York (IANS) The US dollar strengthened against its major rivals in late trading on Tuesday as market participants digested the newly-released economic data.

Sales of new single-family houses in the US were at a seasonally adjusted…