Category: Business News

Jet Airways says actively engaged with aircraft lessors

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 […]

Government sacks PNB executives for lapses in $2 billion fraud in first firings: sources

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 […]

Sensex jumps 181 pts; PSU banks rally

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, […]

Govt plans hiring professionals for Air India top positions through global search: Prabhu

New Delhi, Dec 30: The government plans to rope in professionals for top positions at Air India through a global search process, as part of efforts to revive the national carrier, according to Civil Aviation Minister Suresh Prabhu. With the proposed strategic stake sale of the Air India failing […]

IndiGo to upgrade engine software in Airbus A320neos

NEW DELHI – Indian carrier IndiGo said it will retrofit its entire Airbus A320neo fleet with a new software upgrade from engine-maker Pratt & Whitney after one of its planes was forced to make an emergency landing last week due to smoke in the cabin. The airline will […]

China’s foreign minister vows to defend citizens abroad

BEIJING — China’s foreign minister vowed Tuesday to protect its citizens abroad as a Canadian court decided whether to release a technology executive on bail in a case that has riled U.S.-Chinese relations. Beijing will “spare no effort” to protect against “any bullying that infringes the legitimate rights […]

Facebook board backs embattled executive Sheryl Sandberg

—————————————————– The Facebook board of directors on Tuesday backed the social network’s number two executive Sheryl Sandberg, who is under fire for her role in pushing back against criticism of the social media giant. The board expressed support for Sandberg in a letter to Open Society Foundations — […]

Tech execs to gather at White House on Thursday today

WASHINGTON — Top executives from Google, Microsoft, IBM, Oracle and Qualcomm are planning to meet at the White House amid strained ties between President Donald Trump’s administration and the tech industry. The White House says the Thursday meeting will address efforts to advance American leadership in innovation and […]

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