Jet Airways grounds seven more planes as crisis deepens

Only 42 of its 119 planes in operation Jet Airways grounded seven more aircraft on Saturday amid deeping crisis over non-payment of lease rentals. This takes...

RBI defers implementing Ind AS, yet again

Pending legislative amendments hold up new norms; delay, a relief for banks on capital requirement The Reserve Bank of India (RBI) has deferred the implementation...

Canara Bank issues bonds to raise up to $400 mn via London branch

Bonds carry coupon of 3.875% payable half-yearly State-owned Canara Bank on Friday said it had launched a bond issuance programme through its London branch to...

Amid crisis, Jet Airways pilots hop on to other carriers

Many Boeing 737-800 pilots have opted for SpiceJet As Jet Airways makes an effort to get the cash-strapped airline back on track, its pilots have...

Govt. earns ₹85,000 crore from disinvestment, overshoots target

DIPAM realised proceeds via 28 transactions; this year’s target was ₹80,000 crore The government has overshot its disinvestment target for the second consecutive year, according...

Debt MFs’ allocation to govt. securities halves in 11 months

Exposure to NBFCs falls over 7 months Debt mutual fund schemes are playing safe after bitter experiences in the last few months due to exposure...

Jet Airways pilots threaten to stop flying over non-payment of salaries

The pilots and other senior staff have not been paid full salaries since December. Jet Airways pilots on Tuesday threatened to stop flying from April...

L&T offers Dil & Pyar, Mindtree founders say ‘let’s spar’

Not a ‘hostile takeover’ insists Larsen & Toubro CEO S.N. Subrahmanyan; grave threat to a unique organisation, says IT firm A day after acquiring 20.32%...

Mindtree promoters unconditionally oppose L&T’s ‘hostile’ takeover bid

Mindtree promoters, who hold around 13.3% stake in the global information technology (IT) consulting and services firm, have decided to unconditionally oppose what they...

Rupee falls against US dollar in early trade

At the interbank forex market, the rupee opened lower at 69.11 and weakened further to 69.17 on increased demand from importers. The rupee fell 19...

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Ford Shelby to launch in India, price tag Rs 2 crore

Bear in mind the velocity monsters that burned rubber in Hollywood’s hit ‘Quick And The Livid’ collection? That iconic automobile model Ford Shelby is...

Ducati India Announces DIY Discoveries Program In India

Ducati India has announced its Do-It-Yourself Ducati Discoveries program in India and is partnering with Infinity Resorts for the same. What this means is...

Avan Motors launches electric scooter Trend E at Rs 56,900

Avan Motors India launched electric scooter Trend E on Friday here at BV Tech Expo India 2019 at Rs 56,900 (ex-showroom, Delhi) with a...
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