Search Results for: Piyush Goyal

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Jet Airways to sell 6 Boeing 777 aircraft in a bid to fly out of debt turbulence

Speaking of the plan, Jet Airways chief financial officer Amit Agarwal told analysts on Tuesday that six aircraft have been identified for the purpose. The proceeds from the sale will be used to clear debts amounting to about Rs 1,800 crore.

Nov 14, 2018

Tata Sons begins due process for taking over controlling stake in Jet Airways

A Tata Sons' team met Jet Airways officials to take stoke of the situation even as the debt-ridden airline tries to turn around the finances.

Nov 13, 2018

Oil helps European stocks rise while tobacco goes up in smoke

European shares bounced back on Monday thanks to strong oil stocks, while tobacco firms were dented by new signs of regulators tightening the screws on menthol cigarettes.

Nov 12, 2018

Union minister Ananth Kumar's death: Rahul Gandhi, Mamata, Chandrababu and others pay tribute

Prime Minister Narendra Modi, Congress president Rahul Gandhi, West Bengal CM Mamata Banerjee, Andhra Pradesh CM Chandrababu Naidu and many other political leaders were shocked and saddened following the demise of union minister Ananth Kumar.

Nov 12, 2018

Amid cash crunch, Jet Airways permitting pilots to quit without notice period

In the last few months, about 50 pilots are said to have quit and most of them reportedly left just 48 hours after resigning, when the usual notice period is of six months. In addition, most of these pilots were of Jet's ATR planes, three of which have already been grounded.

Nov 2, 2018

Will Delta Air Lines come to Jet Airways' rescue? May buy Goyal and Etihad's stake

Delta Air Lines has expressed an interest in buying stake in Jet Airways and has hinted about the same to Goyal. The Atlanta-based carrier is looking to buy not just Goyal's 51 percent stake in Jet, but is also eyeing the 24 percent stake, currently owned by Etihad Airlines.

Oct 30, 2018

Banks can get fire audit of currency chests done by approved agencies, says RBI

According to the RBI's annual report, there are around 3,654 small coin depots and 3,975 currency chests in the country out of which 2,575 are managed by State Bank of India.

Oct 29, 2018

An aircraft of India's Jet Airways lands

Beleaguered carrier Jet Airways' Naresh Goyal turns to Mukesh Ambani and Ratan Tata for help

Not just Ambani, Goyal, who owns a 51 percent controlling stake in Jet, is also known to have discussed the offer with Ratan Tata. The Tata Group has reportedly shown an interest in bailing out Jet Airways, but it depends on Goyal and his willingness in giving up his controlling stake.

Oct 29, 2018

Rajnath Singh inaugurates two-day Vijaya Lakshya Yuva Mahadhivesam in Hyderabad

Telangana will vote for its first independent assembly elections in December after Chief Minister K Chandrashekhar Rao prematurely dissolved the assembly on September 6.

Oct 26, 2018

Jet Airways seeks loan moratorium, plans to cut more jobs - Report

Jet Airways, in which Abu Dhabi's Etihad Airways has a 24 percent share, has been looking for suitors ever since it started facing cash flow issues.

Oct 23, 2018

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Jet Airways begins layoffs after month-long lull; asks 15 employees to leave by October-end

As a cost-cutting measure and to save fuel, the airline company has also grounded eight of its flights at Chennai and Mumbai airports.

Oct 22, 2018

Tata Group may throw ailing Jet Airways a lifeline as debt-laden airlines flies into trouble

Jet, which is defaulting on payments and has delayed salary to pilots, is looking for equity collaboration but Tata Sons is seeking management control.

Oct 18, 2018

Bihar: Bajrang Dal activist shot dead in Saran district; probe underway

Piyush Anand was shot dead near a petrol pump in Saran's Aloni Bazar on Monday night, a police official said.

Oct 9, 2018

Jet Airways assures livid pilots August salary by October 9 after missing out on September 26 deadline

After missing out on the September 26 deadline, Jet Airways has now assured its pilots that their August salaries would be credited by October 9. The date was finalised after a meeting between the management of Jet Airways and the National Aviator's Guild, which is its domestic pilots' union.

Oct 6, 2018

IRCTC scam: Delhi court grants bail to former Bihar CM Lalu Yadav's wife Rabri Devi, son Tejashwi

Special Judge Arun Bhardwaj also granted interim bail till November 19 to Rabri Devi, Tejashwi Yadav and others in a money laundering case filed by Enforcement Directorate (ED) in relation to the alleged scam.