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Reviving Jet Airways: Hindujas, Etihad, AdiGro to meet to explore options

The civil aviation ministry in the meanwhile has allotted a significant portion of the airline's slots in major airports to other scheduled carriers. Recently, Jet's CEO, CFO and a couple of other senior management put in their papers.
Industry News

Ray of hope for Jet Airways: Hindujas evaluating bid for grounded airlines

If the preliminary interest shown by the Hindujas does not move forward, then the lenders will have no option but to take the airline to the National Company Law Tribunal.

Hindujas', Jet Airways, Hinduja Group, Hindujas, industry news

EVM ‘tampering’ row: Opposition asks EC for more safeguards, panel says all machines are safe

In a statement, the Commission said, after the close of polls, all polled EVMs and VVPATs are brought under security cover to designated strongrooms, which are sealed with double locks in the presence

Opposition parties, Election Commission, EVMs, lok sabha, elections 2019, india News

With IPL finally over, brands line up for the next big thing – ICC World Cup 2019

According to sources, ICC globally has roped in around 20 brands as commercial partners for the World Cup, including some Indian brands like Bira91, Royal Stag, MRF Tyres and Britannia, whereas offici

ICC World Cup 2019, cricket world cup 2019, Brands line, world cup Brands line, general elections, general elections 2019, indian general elections, sports news

Jaypee infratech insolvency: Adani Group bid turned down by CoC

AIDPL is a wholly-owned subsidiary of Adani Properties, which, in turn, is held by the Adani family. It is engaged in real estate and is the holding firm for various real estate special purpose vehicl

Adani Group, Jaypee Infratech, committee of creditors, Adani Infrastructure and Developers’, industry news

Day after exit polls, BJP wants special session in Madhya Pradesh, Cong call floor test demand meaningless

In a letter to governor Anandiben Patel, leader of Opposition Gopal Bhargava asked her to direct chief minister Kamal Nath to call a special session to discuss important issues.

exit polls, exit polls 2019, BJP, Madhya pradesh, lok sabha, india elections, front page News

Rupee NDF at two-week low, cools to 69.97

In the local markets, the rupee on Monday closed at Rs 69.74 against the dollar, an appreciation of 48 paisa or 0.69%.

rupee, Rupee NDF, indian market, National Democratic Alliance, Bombay Stock Exchange, stock market News

Stocks pole-vault as exit polls signal NDA return; Sensex logs biggest single-day gain in a decade

While the Sensex rallied 1,421.9 points on Monday, the broader Nifty surged 421.1 points to mark their biggest single-day points rally in the last ten years.

Stocks pole, stock market, foreign portfolio investors, fpi, general elections, general elections 2019, market news

5G spectrum: Space department getting its science wrong

The DoS has written to the department of telecommunications (DoT) that they exclusively want spectrum in the bands of 26 and 28 GHz for themselves.

5G Spectrum, Space dept, European Commission, 5G Indian operators, BSNL WiMAX services, DOT News

Lok Sabha elections 2019: Exit polls predict second term for Modi with clear majority

BJP seen gaining ground in Bengal, not to do badly in UP either

Lok Sabha elections 2019, Exit polls, narendra modi , bjp, narendra modi government, NDA government, modi second term, Exit polls results 2019, Congress News

Japan’s Orix to acquire wind assets of IL&FS

In April, government-owned GAIL (India) had offered Rs 4,800 crore for IL&FS group’s 874 MW (megawatt) wind power portfolio, subject to consent from Orix.

Orix to acquire IL&FS, wind assets of IL&FS, Japan Orix, IL&FS Wind Energy, IL&FS group, GAIL , NCLAT News

Slow but steady, UPI may win the race against card payments, net banking

An analysis by Razorpay of all kinds of transactions on its gateway shows consumers tend to opt for netbanking over UPI and wallets for larger payments.

UPI, card payments, net banking, credit cards,  netbanking transfers, Razorpay, UPI platform, P2M transactions News

Market cues: Link between MSPs, mandi rates tenuous

Clearly, seasonal demand-supply fluctuations influence market prices of foodgrain much more than the government’s market interventions.

MSP of food  grains, mandi rates, foodgrain, NDA government, rabi crops, Food Corporation of India, Nafed, agriculture growth News

How PIB’s Bollywood memes on election made it a new star on Instagram

While the Election Commission of India is already using mainstream media to spread awareness on elections, PIB resorted to using memes to strengthen its connect with the youth.

One of the memes used by PIB News

EC revisits clean chit to NITI, PMO at Lavasa behest

It was alleged the PMO used NITI for gathering information on Gondia, Wardha and Latur ahead of Prime Minister Narendra Modi's election rallies there.

Last week, the poll panel had disposed of a Congress plaint alleging misuse of the NITI Aayog by the PMO. News

Jet Airways loses overseas flying rights; Indigo, SpiceJet bag most routes

IndiGo and SpiceJet bag most of the bilateral flying routes the carrier had.

Jet was the largest scheduled operator in India accounting for 13.8% market share in international operations during FY18. News

Spencer’s buys Nature’s basket, eyes expansion in western India

RP Sanjiv Goenka Group-owned Spencer’s Retail announced on Friday that it is set to acquire 100% stake in Nature’s Basket, a wholly-owned subsidiary of Godrej Industries for a cash consideration o

The acquisition will give it access to western markets through NBL’s 36 stores in locations like Mumbai, Pune and Bengaluru News

Indian Hotels, Singapore’s GIC to invest $600 million in India

The Indian Hotels Company (IHCL) has signed a strategic partnership with Singapore’s sovereign wealth fund, GIC, for an investment framework of about $600 million over a period of three years from t

The capital platform will be used to acquire fully-operational hotels, mainly in the luxury, upper upscale and upscale segments in India. News

Market boost: Stocks soar ahead of Sunday’s exit polls

The Sensex gained a smart 537.29 points or 1.44% to close at 37,930.77, suggesting investors are pricing in the formation of a stable government. The broader Nifty rallied 150.05 points, or 1.33%, to

With Friday’s gain, the Sensex has added about 816 points in the last two sessions. (File photo) News

Coal supplies: CERC order unlocks Rs 17,000 crore for power firms

The compensation on account of coal shortage would be worked out according a formula prescribed by the CERC on a case to case basis, the CERC said.

The remaining coal are being sourced from other expensive means such as imports and e-auctions. News

Tax growth forecast: 15th FC may show caution

The Centre’s actual tax revenue growth has been below what the 14th Finance Commission envisaged.

Tax growth forecast: 15th FC may show caution News

All is well, says Indigo as promoters feud; market doesn’t buy ‘growth on track’ story

Market & analysts don’t buy ‘growth on track’ story; the two moving NCLT can’t be ruled out.

IndiGo currently has a 47% market share in the domestic passenger market. News

Anti-profiteering mechanism: Slew of stay orders by high courts expose NAA lacunae

A review by FE revealed that at least five firms have got reliefs from the high courts, in what allowed them to defer coughing up an aggregate amount of Rs 430 crore.

The NAA, the apex payer of the three-tier anti-profiteering mechanism which includes state-level screening committees and a standing committee at the national level, was approved by the Cabinet in November 2017. (Illustration: rohnit phore) News

PNB scraps housing finance arm deal with Varde, General Atlantic

Punjab National Bank (PNB) on Thursday said it has terminated the share purchase agreements (SPAs) made with Varde Holdings and General Atlantic for a 13% stake sale in PNB Housing Finance, which was

According to latest shareholding pattern on the BSE, PNB holds a 32.79% stake in the housing finance firm. News
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