Jet pilot shoots tough questions at management

New Delhi (IANS) An old-timer and veteran Jet Airways pilot Sudhir Gaur have blamed the management for keeping 22,000 employees in the dark over the turn of events that led to complete suspension of the airline's operations leaving the staff…

Not in violation of US sanctions: Reliance Industries

New Delhi (IANS) The Reliance Industries on Saturday said that reports suggesting its involvement in an arrangement that leads to cash payment for Venezuelan state oil company PDVSA via third parties and hence violating US sanctions are false.

Tata team meets J&K Governor to explore investment avenues

Jammu (IANS) A team of Tata group called on Jammu and Kashmir Governor Satya Pal Malik on Saturday to explore investment avenues in the state.

An official statement here said: "A team of Tata group comprising Girish Krishnamurthy,…

Jet issues gag order, fearing impact on stake sale

New Delhi (IANS) The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders.

An internal mail accessed by IANS suggests that talking with external stakeholders…

Samsung rapped for not passing GST benefits to consumers

New Delhi (IANS) The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said.

Key Indian equity market indices open in green

Mumbai (IANS) Despite a muted trend in Asian markets, the key Indian equity market indices on Thursday opened higher as the second phase of the Lok Sabha elections began with voting in 95 seats in the morning.

The Sensitive Index (Sensex) of…

Jet suspends operation, airways stocks tank 30%

Mumbai (IANS) Jet Airways scrips tanked over 30 per cent on the BSE during the early trade on Thursday, after suspension of operations over refusal of lenders to provide emergency funding.

Jet scrips hit a low of Rs 168.60 apiece from it's…

Jet Airways to suspend operations from tonight

Mumbai (IANS) Jet Airways will temporarily suspend all flight operations from Wednesday night as it failed to secure interim funding of Rs 400 crore for maintaining bare minimum operations, sources said on Wednesday.
 

RBI bids for Air India's iconic Nariman Point tower

New Delhi (IANS) Reserve Bank of India (RBI) has tossed its hat in the ring for the taking over of Air Indias iconic tower at Nariman Point in Mumbai.

The central bank is learnt to have offered 10 years' lease rental as advance payment,…

Lenders remain committed to Jet revival: PNB

New Delhi (IANS) As Jet Airways awaits emergency funding to stay afloat, the airline's lenders on Tuesday said they remain committed to its revival.

Punjab National Bank (PNB) managing director and CEO Sunil Mehta said discussions…