NEW DELHI – More than a thousand pilots of India’s debt-laden Jet Airways will not fly from Monday as they have not been paid salaries for the past three months, the President of the National Aviators Guild said on Sunday. Saddled with more than $1.2 billion of bank […]
NEW DELHI – India’s government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two people within the administration told Reuters. The finance ministry has […]
NEW DELHI – A crisis at India’s Jet Airways deepened on Tuesday as an increasingly worried government called for an emergency meeting, angry passengers demanded refunds and pilots threatened to go on strike over unpaid salaries. The Civil Aviation Minister, Suresh Prabhu, asked his officials to call for […]
BARCELONA, Spain — China’s Huawei unveiled a new folding-screen phone on Sunday, joining the latest trend for bendable devices as it challenges the global smartphone market’s dominant players, Apple and Samsung. Huawei revealed its Mate X phone on the eve of MWC Barcelona, a four-day showcase of mobile […]
India’s Jet Airways Ltd, after several attempts at finding help to save the carrier from a crippling pile of debt, last week approved a rescue deal which will make its lenders its largest shareholders and fix a near 85 billion rupee funding gap. Jet, which had debt exceeding […]
Samsung on Wednesday unveiled a smartphone that folds open to be a tablet, becoming the first major manufacturer to offer the feature as it strives to stoke excitement in a slumping market. The South Korean giant also appeared to get the jump on rivals by announcing the first […]
NEW DELHI – India’s airlines are poised to cut their cumulative losses by as much as two-thirds in the financial year starting in April, aviation consultancy CAPA India said on Tuesday, with airline executives saying ticket prices are finally rising. The consultancy’s forecast is for Indian carriers to […]
New Delhi, Jan 30: Jet Airways is actively engaged with all its aircraft lessors and are being updated about efforts to improve liquidity, the airline said Wednesday amid flight cancellations due to grounding of aircraft. The crisis-hit carrier also said that flight cancellations were necessitated due to a scheduled […]
NEW DELHI – The government has sacked two executives of the state-run Punjab National Bank (PNB) for allegedly failing to prevent a $2 billion fraud, two sources said on Sunday, nearly a year after the country’s biggest bank scam came to light and also dragged the government into […]
Mumbai, Jan 4:The BSE benchmark Sensex jumped 181 points Friday while the NSE Nifty reclaimed the 10,700-mark, driven by robust buying in banking, metal and pharma stocks amid positive global cues and a strengthening rupee. After swinging over 350 points intra-day, the 30-share Sensex finally settled 181.39 points, […]
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