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At the time of the rocket attack, SpiceJets SG 22 Kabul-Delhi flight was preparing for take-off at the airport. (Photo: PTI/Representational)

Business

SpiceJet posts Rs 262 crore profit in June quarter

The carrier had a net loss of Rs 38.1 crore in the year-ago period.

9 Aug 2019 2:09 PM IST

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)

Business

Jet Airways resolution professional seeks more time to pay salaries

When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.

9 Aug 2019 1:50 PM IST

Online work platforms took off after Ubers founding in 2009. (Photo: AP)

Business

Uber loses USD 5 billion, misses Wall Street targets despite easing...

The company's core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.

9 Aug 2019 9:27 AM IST

Online travel agency MakeMyTrip and e-commerce giant Flipkart have tied up for online bookings of hotels and flights.

Business

Lifestyle partners Flipkart, eyes 15 per cent sales from online...

The partnership will also allow the company to reach new customers in tier II cities and beyond.

9 Aug 2019 9:08 AM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Business

Relief for startups: CBDT lays out procedure for pending angel tax...

More than 540 startups have received exemption from angel tax so far.

9 Aug 2019 9:05 AM IST

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

Business

Working in close cooperation: Lakshmi Vilas Bank on Indiabulls Housing...

On the recovery of bad loans, the bank said efforts to recover them have gained momentum.

8 Aug 2019 8:56 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Business

NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

8 Aug 2019 8:43 PM IST

Business

Govt assured of action soon to revive industry, push eco growth: India...

Piramal Enterprises's Ajay Piramal said that industry raised several matters such as reluctance of banks to lend to the...

8 Aug 2019 6:58 PM IST

$\There is an imminent crisis in the NBFC sector. There is a credit squeeze, over-leveraging, excessive concentration, massive mismatch between assets and liabilities, coupled with some misadventures by some very large entities, which is a perfect recipe for disaster,\ Injeti Srinivas said.$ Business