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…

Jet staff hopeless, sentiment hits lowest

New Delhi (IANS) Staff sentiment at crisis-hit Jet Airways has hit the lowest as the endgame nears for the airline.

With no interim funds coming from the lenders and suspension of all its operations imminent, they have lost…

Sensex, Nifty opens marginally higher

Mumbai (IANS) Key equity indices opened marginally higher on Monday led by gains in metal and auto sector stocks.

All the sectoral indices on the BSE traded in the green.

The Sensex of the BSE opened at 38,805.54…

India's March wholesale price index rises to 3.2%

New Delhi (IANS) India's annual rate of inflation based on wholesale prices rose to 3.18 per cent in March, from a rise of 2.93 per cent in February, official data showed on Monday.

Even on a year-on-year basis, the Wholesale Price Index…