Business
ITC moves NCLT against Hotel Leelaventure

ITC moves NCLT against Hotel Leelaventure

23-04-2019  comments

Kolkata (IANS) Hotel Leelaventure on Tuesday said the diversified conglomerate ITC Ltd has filed a petition against it before the Mumbai bench of the National Company Law Tribunal (NCLT) for alleged "oppression and mismanagement".

"This…

SpiceJet-Emirates MoU signals wider partnership ahead

SpiceJet-Emirates MoU signals wider partnership ahead

22-04-2019  comments

New Delhi (IANS) In what suggests a beginning of larger partnership, low-cost carrier SpiceJet has announced to enter into a code-share agreement with Dubai's flag carrier Emirates.

The development assumes significance as grounded Jet Airways'…

Investors demand write-offs as Jet owes over Rs 11K cr outstanding debt

Investors demand write-offs as Jet owes over Rs 11K cr outstanding debt

22-04-2019  comments

Mumbai (IANS) Prospective investors in the temporarily grounded Jet Airways have asked lenders to take a massive haircut or write-off around 80 per cent outstanding debt of the airline which is more than Rs 11,000 crore, document and sources revealed…

Sensex ends 495 pts down, fear gauge at 3 yr high

Sensex ends 495 pts down, fear gauge at 3 yr high

22-04-2019  comments

Mumbai (IANS) Indian stock markets fell steeply on Monday over a sharp rise in crude oil prices. The benchmark Brent crude futures rose above the $73 a barrel mark following reports that the US may end sanctions waivers it had granted to some importers…

Air India can hire Jet's co-pilots, not 'costly Captains': IPG

Air India can hire Jet's co-pilots, not 'costly Captains': IPG

21-04-2019  comments

Chennai (IANS) The Indian Pilots' Guild (IPG), one of Air India pilots' union, on Saturday urged the national carrier's management to hire just Boeing 777 (B-777) rated co-pilots on short-term contracts instead of hiring Captains…

Equity indices to gain as healthy Q4 results buoy sentiments: Experts

Equity indices to gain as healthy Q4 results buoy sentiments: Experts

21-04-2019  comments

Mumbai (IANS) The Indian equity market is expected to maintain its northward trajectory in the week ahead as healthy fourth quarter (Q4) earning numbers and anticipation of a stable Central government buoy investors' sentiments, analysts said.

Jet Airways employees considered taking over airline: NAG

Jet Airways employees considered taking over airline: NAG

21-04-2019  comments

Chennai (IANS) Internal differences of opinion on employees taking over the management of Jet Airways did not permit pursuing the idea, but employees are ready to fully cooperate with any new investor for turning around the financially crippled…

Jet pilot shoots tough questions at management

Jet pilot shoots tough questions at management

20-04-2019  comments

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

Not in violation of US sanctions: Reliance Industries

20-04-2019  comments

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

Tata team meets J&K Governor to explore investment avenues

20-04-2019  comments

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,…

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