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Jet Airways CEO to staff: Can’t pay salaries as banks have refused funds

Vinay Dube says no commitment or clarity on salaries can be provided as banks have refused interim funds

Jet Airways, Jet Airways CEO Vinay Dube, Jet Airways  employees, Jet Airways bid process, Etihad Airways, SBI, Boeing 737 NG, Jet employee union News

NPA effect! Yes Bank posts first-ever quarterly loss

Provisions grew by 816.2% year-on-year (y-o-y) to Rs 3,661 crore with contingent provisions amounting to `2,100 crore.

NPA, Yes Bank, IL&FS,  Jet Airways, NPA, net interest income, CAR, CASA News

Lenders vote on Patanjali plan for Ruchi Soya, result expected on April 30

The CoC met twice consecutively over Thursday and Friday to discuss and finalise technical aspects of the resolution plan before the voting process began.

Patanjali, Ruchi Soya, Corporate Insolvency Resolution Process, Adani Wilmar, NCLT, Patanjali plan, Essar Steel News

PM Modi tells voters not to stay away from booths thinking he’ll win

Targets West Bengal government, saying BJP workers in the state were working in terror

Narendra Modi, lok sabah elections 2019, Varanasi Lok Sabha constituency, bjp, west bengal, congress, Amit Shah, Nitin Gadkari, rajnath singh News

NCLT issues notice to IL&FS MD Ramesh Bawa, CEOs of Asix, Standard Chartered Bank

The CEOs of the banks as well as Bawa, his wife and daughter have been given 14 days time to reply to the notice after which MCA has seven days time to file its rejoinder.

NCLT, Axis Bank, Amitabh Chaudhry, Standard Chartered Bank, IL&FS, Ramesh Bawa, NCLT order News

Disclosure under RTI: SC gives RBI one ‘last chance’ to comply with its 2015 order

The bench said that the banks are “duty-bound to furnish all information relating to inspection reports and other material apart from the material that was exempted in para 77 of the judgment (in 20

Disclosure under RTI, Supreme Court, Reserve Bank of India, HDFC Bank, Axis Bank,  ICICI Bank, Bank of Rajasthan News

In the pipeline: ONGC to start gas production from KG basin by December

ONGC is pumping in Rs 57,000 crore in the KG-DWN-98/2 project in the Bay of Bengal apart from developing other discoveries on and off the west coast.

ONGC, KG basin, Reliance Industries, Hydrocarbon Exploration, KG basin discoveries News

Maruti Suzuki to down curtains on diesel cars from April 2020

With BS VI kicking in from April 1, 2020, diesel cars will cost Rs 2.5 lakh more than petrol, up from Rs 1 lakh now, making them unviable for customers

Maruti Suzuki, Maruti Suzuki stops diesel cars, Bharat Stage VI emission norms, RC Bhargava, BS VI standards, CNG vehicles, News

‘Plot against CJI’: Justice AK Patnaik to probe; don’t play with fire, SC tells ‘fixers’

The top court also asked Bains to furnish all material and evidence before the court on the alleged involvement of “fixers” and a corporate person in influencing court proceedings.

cji Ranjan Gogoi,, Justice AK Patnaik, Plot against CJI, cji sexual harassment case, Utsav Bains, supreme court News

Akshay Kumar’s journey from action hero to a responsible brand and reliable endorser

The 51-year-old actor started his career as an action figure in the early 1990s, with movies like ‘Mohra’ and the ‘Khiladi’ franchise.

Akshay Kumar, Akshay Kumar brand value, Akshay Kumar interview with narendra modi, akshay kumar bollywood actor, Thums Up, akshya responsible brand News

Jet Airways has liabilities around Rs 25k crore, SpiceJet too small to turn around airlines, says Ajay Singh

Jet’s total liabilities are around Rs 25k cr, including dues to vendors; SpiceJet leasing 40 of Jet’s aircraft and hires 1,000 of its staff

Jet Airways, Ajay Singh, SpiceJet, SpiceJet chairman, Boeing 737, Etihad Airways, SpiceMax facility News

British entrepreneur with no operations claims to have bid for Jet

An unknown British entrepreneur took to Twitter proclaiming his interest in taking control of Jet Airways and claiming to have submitted a revival proposal to State Bank of India (SBI) on Wednesday. O

jet airways, State Bank of India, SBI Caps, Atmosphere Intercontinental Airlines, Rajnish Kumar, Boeing 777-300ER News

Jet Airways’ grounded aircraft: Air India has a change of mind

Sources said that the preliminary view within Air India is that since the five aircraft are not technically in a condition in which they can be straightaway put in operations either through wet or dry

Air India, Jet Airways, Ashwani Lohani, State Bank of India, Rajnish Kumar, Boeing 777-300 ER planes, Airbus A330 News

Sexual harassment charges against CJI: SC vows to unravel plot to ‘frame’ Ranjan Gogoi

Three-member special bench takes serious note of affidavit filed by lawyer, summons CBI, IB

Sexual harassment charges, CJI, Ranjan Gogoi, Supreme Court, Utsav Singh Bains, RF Nariman, Attorney General KK Venugopal  News

Courting controversy? CJI not his first ‘frame’ case, there’s one in Asaram matter too

Utsav, 32, hails from Chandigarh and is the step-son of a prominent human rights lawyer Rajvinder Singh Bains — known for representing persons facing terror charges in Punjab, and grandson of former

CJI, Ranjan Gogoi, cji sexual harassment case, Utsav Singh Bains, CBI probe, supreme court, N Biren Singh  News

Crisis looms: Key winter crops trading up to 20% below minimum support price

Prabhudatta Mishra If it barely brought mandi rates to the respective minimum support prices (MSPs) for the last kharif crop — most oilseeds and pulses ruled about 30% below MSPs for most part of th

Key winter crops, MSP, Narendra Modi government, PM Aasha scheme, rabi crops, Barley,  mandi prices of rabi crops News

ITC, LIC objections: Leela hotels sale to Brookfield stalled by Sebi

Comes hours after minority shareholder ITC files plea alleging ‘oppression and mismanagement’

Sebi, sale of Leelaventure hotels, Brookfield, ITC, Life Insurance Corporation of India, NCLT News

Sexual harassment charges against CJI: Official says probe against woman violated justice

In her complaint detailing allegations of sexual harassment against CJI Gogoi, the woman cited two grounds mentioned by the inquiry officer (IO) that led to her dismissal.

sc, supreme court cji ranjan gogoi News

ITC moves NCLT against Hotel Leelaventure, alleges oppression of minority shareholders

In January this year, JM Financial ARC had referred Hotel Leela to the NCLT under the Insolvency and Bankruptcy Code (IBC).

ncly, bankruptcy code News

Jet jitters: Bank Nifty falls for third day

Bank Nifty lost value for the third straight session on Tuesday.

jet airways, jet airways crisis, aviation sector, aviation industry News

Jet Airways crisis: Transfer of slots to other carriers temporary, govt assures lenders

No such protection for international slots as they are governed by foreign airports.

supreme court, rahul gandhi, congress, congress president rahul gandhi News

‘Chowkidar chor hai’ jibe: Despite Rahul Gandhi’s apology, SC to not close contempt case

The apex court sought to know from the Congress president why contempt proceedings should not be initiated against him.

supreme court, rahul gandhi, congress, congress president rahul gandhi News

Manic Monday: Soaring crude prices send stocks crashing

Skittish investors rush to take risk off the table for fear rising oil prices would hurt India’s macro-economics.

sensex, niftry, nse, bse, stock markets News

SBI to recruit 9,000 junior staff; Bank of Baroda, IDBI Bank on the lookout too

In a public notice, the bank said it intends to fill 8,904 vacancies, including 251 backlog vacancies for Scheduled Caste (SC), Scheduled Tribe (ST) and Other Backward Class (OBC) candidates.

sbi, psu jobs, job sector News

Trade winds: Exports falter under Modi government’s watch, but value-added segments do well

Some of the segments among the ones that record decent value-addition levels (15-40%) seem to be contributing more to the overall export basket in recent years.

export, import, india economy, us economy, us, donald trump News

Twitter names Manish Maheshwari new India MD

The appointment comes at a time when there are growing concerns over spread of misinformation on social media platforms across the world, especially India.

twitter, twitter india, Manish Maheshwari News

Sexual harassment case against CJI: SC lawyers cite ‘procedural immpropriety by Ranjan Gogoi

On Saturday, the Council of India had condemned the “false and cooked up” allegations against Gogoi and claimed that the entire bar was standing with him and against the “attempt to malign the i

supreme court, sc, chief justice of india ranjan gogoi News
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