Companies

Jet Airways is weighed down by a loan of more than Rs 8,000 crore. (Photo: File | Twitter @jetairways)

Jet stock plummets 53 pc, over Rs 400 cr investor wealth drained

Insolvency proceedings against Jet Airways likely to begin this week.

18 Jun 2019 3:53 PM

There are at least 630,000 Indians who are undocumented, a 72 per cent increase since 2010, SAALT said in its report. (Photo: Representational | File)

Indian-American population up by 38 pc in 7 yrs, 630,000 undocumented: Report

The increase in illegal Indian-Americans can be attributed to Indian immigrants overstaying visas, the report said.

18 Jun 2019 1:14 PM

lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received.

Investors continue to dump Jet Airways shares; further tank 15 per cent

Harried bankers on Monday decided against an outright sale of Jet Airways to the lone bidder.

18 Jun 2019 12:47 PM

RBI last year mandated companies to store their payments data “only in India” so that the regulator could have “unfettered supervisory access”.

RBI to review data storage rules for payment firms: Government

All the companies who were represented in this meeting put forth their concerns related to RBI data storage requirements.

18 Jun 2019 12:36 PM

CFM LEAP engine will allow IndiGo to maintain its strong focus on lowering operating costs and delivering fuel efficiency with high standards of reliability.

IndiGo drops Pratt for CFM's jet engines in USD 20 billion order

The delivery of the first LEAP-1A-powered A320neo is scheduled in 2020.

18 Jun 2019 9:49 AM

The IRP admitted none of the claims and marked the entire amount for verification.

Claims against RCom swell to Rs 57,382 cr; Rel ADAG cos among claimants

Reliance ADA Group firms account for Rs 7,000.63 crore of fresh claims against the group firm RCom.

18 Jun 2019 9:24 AM

Lenders have decided to seek resolution under IBC since only a conditional bid was received.

Lenders seek Jet Airways bankruptcy in last-ditch sale effort

Jet and its lenders have been searching for new investors but have failed to agree a proposal.

18 Jun 2019 8:46 AM

Etihad and the Hinduja Group demanded over 85% haircut on Jet’s debt.

Jet Air lands in NCLT as banks give up on revival

The decision was taken after a meeting of the lenders, as they have not yet received any concrete proposal for the airline.

18 Jun 2019 6:39 AM

According to industry body CEAMA, TV sales were almost flat in the last two years in India where annual sales is estimated at around 12.5 million units.

TV makers pinning hopes on India's performance in world cup for healthy sales growth

Comapny hopes to see India performing well because that is what triggers demand, said Sony India's Sunil Nayyar.

17 Jun 2019 7:02 PM

After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received, SBI said in a statement. (Photo: AFP/File)

Banks give up on Jet Airways revival,choose to send it to NCLT

The decision was taken after a meeting of the State Bank of India-led consortium of lenders.

17 Jun 2019 6:34 PM

The companies along with venture capitalists and telecommunications firms will reportedly invest around USD 10 million each into the consortium. (Photo: AP)

Facebook to unveil new cryptocurrency

Facebook has already sought blessings from the US Treasury and the Bank of England, the BBC reported last month.

17 Jun 2019 4:19 PM

The Airbus A321XLR will be the longest-range narrow-body jetliner and arrives as airlines look to maximise the flexibility of more fuel-efficient, single-aisle aircraft. (Photo: Twitter)

Airbus launches long-range A321 jet, close to 200 orders expected

Leasing company Air Lease Corp on Monday announced a deal for 100 Airbus planes, including 27 of the A321XLR jets.

17 Jun 2019 3:08 PM

DCC has agreed to impose penalty on Airtel, Vodafone Idea for not providing points of interconnection to RJio.

DCC clears imposing penalty on Airtel, Voda Idea; seeks Trai view on fine amount

The penalty on Airtel and Vodafone works out to be about Rs 1,050 crore each.

17 Jun 2019 1:50 PM

Amazon scored high on financial health, utilisation of latest technologies and a strong reputation. (AP Photo/Richard Vogel, File)

Amazon India most attractive employer brand, Microsoft India 2nd: Survey

The survey also noted that the Indian workforce prefers to work for companies operating in sectors like IT, ITeS and Telecom.

17 Jun 2019 1:43 PM

The unique initiative had canter vans of ABZORB, a product of Sun Pharma’s consumer healthcare division, placed at major traffic signals/circles.

Mumbai traffic police get 'Summer mein Sukoon'

The campaign was aimed at addressing heat & sweat issues faced by traffic police especially during the summer season.

17 Jun 2019 1:28 PM

Based on the above, and other asset monetisation deals presently underway, Reliance Capital expects to reduce its debt by at least Rs 12,000 crore.

Reliance Capital sells 10.75 pc stake in RNAM for Rs 1,450 cr

The proceeds will be utilised to reduce Reliance Capital's outstanding debt, the company statement said.

17 Jun 2019 1:26 PM

The counsel further alleged that JAL is creating legal hurdles in the IBC proceedings.

Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank

A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.

17 Jun 2019 1:18 PM

The cash-starved airline suspended operations in April.

Jet Airways shares continue to face massive selling pressure; tumble over 18 pc

At NSE, shares plunged 17.94 per cent to a multi-year low of Rs 67.

17 Jun 2019 12:36 PM

In a letter to the Prime Minister's Office (PMO), PMAI has asked "for an an increase in export duty on iron ore of +58 plus Fe content from current 30 per cent to 50 per cent." (Representational Image)

PMAI seeks higher export duty on iron ore with over 58 pc Fe content

Export of 58 per cent plus Fe iron ore without value addition need to be discouraged, PMAI said.

17 Jun 2019 12:31 PM

Shares of Piramal Enterprises were trading 0.27 per cent higher at Rs 2,074 apiece on BSE.

Piramal sells entire stake in Shriram Transport Finance for approx Rs 2,305 cr

As on March 31, 2019, Piramal Enterprises held 2.26 cr shares amounting to 9.96 pc stake in Shriram Transport Finance Company.

17 Jun 2019 11:56 AM