Business
DGCA De-registers 7 Aircraft of Jet Airways, Allows Lessors to Take Them Back
De-registration is permitted once the lessor puts in the IDERA request for an aircraft, following which the DGCA checks if that plane has any pending dues.
Deadline for Jet Airways Bidders Extended to April 12; Binding Bids by April 30
SBI Capital Markets, which issued Expression of Interest (EoI) document on April 8, has extended the deadline for submission of initial bids to April 12.
Adani Enterprises Closer to Constructing Australian Coal Mine After Winning Environmental Approval
Adani wants to develop the Carmichael coal deposit in Queensland state, but has faced fierce environmental resistance that has turned the project into a political hot potato ahead of a federal election due next month.
Sensex and Nifty End Lower; Financials, Energy Drag
IT services companies Infosys Ltd and Tata Consultancy Services Ltd are scheduled to report their quarterly results on Friday.
Passenger Vehicle Sales Hit Speed Breaker in 2018-19, Grow Just 2.7%
According to data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday, domestic passenger vehicles (PV) sales were at 33,77,436 units in 2018-19 beating the previous record of 32,88,581 units in 2017-18.
Nissan Shareholders Sever Last Ties with Ousted Ex-boss Ghosn
Shareholders, who had gathered for an extraordinary meeting just days after prosecutors arrested Ghosn in Tokyo again, also voted out another director, Greg Kelly, who has also been accused in the scandal.
Rupee Slips by 37 Paise to 69.60 Against US Dollar in Early Trade
Forex traders said strong US job data and rising crude oil prices in overseas market added pressure to the domestic unit.
SBI Invites Bids for Stake Sale of Cash-strapped Jet Airways
SBI, which is the lead lender of a consortium of domestic lenders that has extended loans to Jet Airways, is looking for "change in control and management" of the carrier.
Bidding Process for Jet Airways Likely to Begin From April 8
Under the debt resolution plan approved by the Jet Airways' board on March 25, lenders have taken majority stake in the airline and are set to infuse Rs 1,500 crore funds.
SpiceJet, IndiGo Add New Flights in Summer Schedule
IndiGo said in a statement it will operate four of the six new flights on regional routes, connecting Allahabad with Kolkata and Raipur.
I-T Department Notifies Forms for Assessment Year 2019-20; Here is All You Need to Know
While there has been no change in ITR-1 or Sahaj, which is to be filled by the salaried class, some sections in ITR 2, 3, 5, 6 and 7 have been rationalised.
Jet Airways' Lenders to Invite Bids for Stake Sale on Apr 6; Also Ready to Look at Other Options
The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement.
Reliance Jio Digital Services Acquires AI Firm Haptik in Rs 700 Crore-deal
The business transfer agreement has been signed by Reliance Jio Digital Services Limited with Haptik Infotech Pvt Ltd (Haptik).
Sensex Rises Over 150 Points, Nifty Above 11,750-mark
The BSE gauge Sensex was trading above the psychological 39,000-level in early deals up 176.95 points, or 0.45 per cent, at 39,233.60.
Hinting at Jet Crisis, Suresh Prabhu Says Airlines Responsible for Their Own Financial Performance
Cash-strapped Jet Airways has been forced to ground planes, cancel flights and delay payments, including salaries to pilots, while Air India continues to grapple with financial woes.
Fiscal Deficit Crosses 134% of Budget Estimate at Feb-end
Total expenditure incurred by the government during April-February 2018-19 was Rs 21.88 lakh crore (89.08 per cent of RE), of which Rs 19.15 lakh crore was on revenue account and Rs 2.73 lakh crore on capital account.
