Air India, SpiceJet eye Jet Airways' lucrative Dubai route

New Delhi (IANS) With Jet Airways suspending its international flights in the face of deep financial crisis and staring at closure, rivals Air India and SpiceJet are eyeing the beleaguered carrier's flying rights to the lucrative India-Dubai route.

Decision to stop flying after Monday meet: Jet pilots

Mumbai (IANS) The pilots' union of Jet Airways has deferred its decision of "no pay no work" from Monday, citing the meeting of the SBI-led lenders' consortium with the airline's management on the same day.

According to…

RCom rubbishes French media report on tax issue

New Delhi (IANS) The Reliance Communications on Saturday rubbished a media report which claimed that taxes to the tune of 143.7 million euro were waived by the French authorities for a France-based company of Anil Ambani "just a few…

Prabhu asks Aviation Secretary to review Jet issue

New Delhi (IANS) Civil Aviation Minister Suresh Prabhu on Friday said he has directed the Secretary for Civil Aviation to review issues concerning Jet Airways and take required steps to minimise passenger inconvenience.

The statement comes…

Higher food prices raise retail inflation in March

New Delhi (IANS) Higher food prices pushed India's retail inflation in March to 2.86 per cent from 2.57 per cent during February, official data showed on Friday.

Accordingly, the Consumer Food Price Index (CFPI) in the month under review…

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 first phase of the Lok Sabha Polls began with voting in 91 seats.

The Sensitive Index (Sensex) of the BSE, which had…

Bharti Airtel up 3%; top Sensex gainer so far

New Delhi (IANS) Shares of telecom major Bharti Airtel rose on the BSE by over 3 per cent on Thursday after the company fixed a "record" date to determine the shareholders eligible to apply for equity shares in the proposed rights issue.

Markets open in red on Wednesday

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.

The Sensex of the BSE opened at 38,898.60, touched a high of 38,902.44 points and a low of 38,851.77.

It…

IOC stops fuel supply, Jet secures other sources

New Delhi/Mumbai (IANS) The country's largest oil marketing company (OMC) Indian Oil Corporation (IOC) has once again stopped fuel supply to Jet Airways.

However, the airline said that other fuel retailers continue to supply…

Breakthrough soon on fugitives Choksi, Mehta as govt pursues Big Four

New Delhi (IANS) Government sources have indicated to IANS that they are pursuing four quarries - Vijay Mallya, Nirav Modi, Mehul Choksi and Jatin Mehta - all economic offenders and fugitives from the law relentlessly.

In each case, a carefully…