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Crash landing: Jet Airways lenders unwilling to commit fresh funds, airline headed for shutdown

Jet CEO Vinay Dube had indicated to the lenders — led by State Bank of India — it would be impossible to continue to operate the airline in the absence of some emergency funding of around Rs 400 c

Jet Airways headed for total shutdown of ops, lenders unwilling to commit fresh funds (File photo) News

Vellore Lok sabha polls cancelled after EC cites money power

Vellore was scheduled to go to polls with the rest of Tamil Nadu on April 18 and is the first Lok Sabha seat to have had its elections countermanded over abuse of money power.

Vellore Lok sabha polls cancelled after EC cites money power (Representational image) News

On notice: Central PSUs get 12 months to sell non-core assets; failure may lead to budget cuts

A downgrade would bring down MoU rating from ‘excellent’ to ‘very good’ and ‘very good’ to ‘good’, resulting in reduction from 100% eligibility of performance-linked pay to 80% and 60%

CPSEs to get 12 months to sell non-core assets, failure may lead to budget cuts (Representational image) News

Troubled power cos: At least 3 firms could see resolution in two months

In the case of GMR Chhattisgarh, the Adani Group is expected to take control later this month following a nominal upfront payment. Lenders have agreed to the change in management and will continue to

Troubled power cos: At least 3 firms could see resolution in two months News

Supreme Court asks Rahul Gandhi to explain remark it never made

The bench of Chief Justice of India Ranjan Gogoi and Justices Deepak Gupta and Sanjeev Khanna clarified that it had not said anything as stated to have been made by Gandhi.

Congress chief Rahul Gandhi interacting with the media recently News

Lok Sabha polls: After Yogi, Mayawati, Maneka Gandhi and Azam Khan barred from campaigning

However, Commission officials insisted that the decision to bar the two leaders from campaigning was taken in a meeting on Sunday itself. The EC order too mentioned that the Commission deliberated on

Samajwadi Party leader Azam Khan and Union minister and BJP leader Maneka Gandhi were also barred from campaigning for 72 hours and 48 hours, respectively News

Rs 42k-cr burden: Discoms’ dues to power cos rise 20%

If the so-called regulatory dues of over Rs 17,000 crore are included, the outstanding amounts by the discoms to independent power producers alone would be a staggering Rs 40,770 crore.

Rs 42k-cr burden: Discoms’ dues to power cos rise 20% News

Vodafone Idea to leverage asset base to boost revenue per user

The ARPU of incumbent operators have plunged ever since Reliance Jio launched its services in September 2016. Consequently, the industry’s revenues which were close to Rs 1.6 lakh crore have come of

Vodafone Idea to leverage asset base to boost ARPU News

Jet Airways crisis: Airline fails to raise funds, extends cancellation of international ops

The full-service carrier operated just 6-7 planes of its fleet of 119 aircraft on Monday. Civil aviation rules in India require an airline to operate a minimum of five aircraft to keep its operating p

Jet Airways fails to garner interim funding from lenders, extends cancellation of international ops till April 18 News

How corporate sector fared in five years of Modi Sarkar

With commodity prices rebounding, operating profits are expected to decelerate a touch.

Economy News

Bad news! India Post is now top loss-maker PSU, pips BSNL & Air India

Salaries have kept climbing due to implementation of successive central pay panel awards, which coincided with continuous fall in revenue from traditional postal services.

Industry News

In tune: Music streaming apps tango with telcos

The million-dollar question is whether listeners will stay tuned because they are now increasingly spoilt for choice: apart from JioSaavn, Gaana and Wynk, there are the global streamers YouTube Music,

Industry News

Riding high: Luxury bikes find a booming market in India

Observing the demand scenario, companies like Benelli, MV Augusta, Indian Motorcycle, Triumph Motorcycles and UM Motorcycles, have entered India in the last five years with a range of products in the

Industry News

Out of coverage area: BSNL hits rock bottom after losing rural edge

Even Reliance Jio, which launched its services in September 2016, has a higher rural market share than BSNL’s at 19.01%.

Industry News

Jet Airways sale: Eight suitors line up for cash-strapped airline — read details

Apart from Etihad, TPG and Indigo Partners put in bids; international operations suspended till April 15.

Industry News

Adani Power’s Mundra unit gets a boost as CERC allows tariff hike

Regulator’s move to amend PPA with GUVNL could end the travails of the imported coal-based unit.

Industry News

SpiceJet to induct 16 Boeing aircraft to bring down flight cancellation

SpiceJet’s stock rose 8.5% on the Bombay Stock Exchange to close at Rs 109.90 after the announcement.

Industry News

Essar Steel insolvency case: SC stops ArcelorMittal’s Rs 42,000 crore payment bid

The Supreme Court on Friday asked Essar Steel’s resolution professional (RP) to maintain status quo with regard to distribution of ArcelorMittal’s bid amount of Rs 42,000 crore between financial a

Industry News

Double trouble: IIP growth at a 20-month low, inflation at 5-month high

Industrial production grew just 0.1% in February, with capital goods recording its third contraction in the past four months.

Economy News

Electoral Bonds: Tell Election Commission who funds you, Supreme Court to parties

Of the Rs 215 crore generated through the banking instruments in 2017-18, the ruling party secured Rs 210 crore and the Congress just Rs 5 crore, the ADR report shows.

India News

Basic graffiti in UP showing a big behavioural change in rural India

Unlike the megapolises where graffiti culture thrives, the Uttar Pradesh landscape is dotted with some very basic graffiti that signal a big leap in behavioural change in rural north India.

Elections News

RBI Feb 12 circular: IBA wants one-day default rule scrapped — here’s why

Following RBI governor Shaktikanta Das’ announcement the RBI would issue a revised circular following the apex court’s verdict, the Indian Banks’ Association has written to the RBI with at least

Banking & Finance News

Lok Sabha election 2019: First phase sees high voter turnout, sporadic violence

Complaints of EVM malfunctioning in some states; cross-complaints in Bengal; two hacked to death in Andhra Pradesh.

Elections News

Lok Sabha election phase 1: In Baramulla, a break from violence as 32% cast their votes

UNLIKE elections in the past, the atmosphere remained peaceful in Baramulla, with no incidents of stone-pelting or protests, and a voter turnout of 32.41% till 5 pm.

Elections News

Crash landing: Jet Airways cancels all international flights

JV partner Etihad has reportedly put in a bid for increasing its stake from 24% to 49%.

Industry News

Singh brothers plead not guilty of violating any Supreme Court orders

The brothers have not submitted the plan as desired by the SC so far.

Industry News

Airbnb checks into OYO with $75-million investment

The investment brings to an end OYO’s nearly $1.1-billion Series E funding round that also earlier saw participation from Softbank Vision Fund, China’s Didi Chuxing and Singapore’s Grab.

Industry News
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