Shares of Jet Airways hit a two-month high of Rs 276 per share, up 7% on the BSE in early morning trade after a media report suggested that Tata Group is in talks to buy a controlling stake in the cash-strapped airline company. The stock was trading at its highest level since September 14, 2018.
In the Supreme Court (SC) on Wednesday, a three-judge bench comprising Chief Justice Ranjan Gogoi, Justice Sanjay Kishan Kaul and Justice KM Joseph spent over four hours hearing a group of petitions filed against the government’s purchase of 36 Rafale fighters for Euro 7.85 billion (over Rs 600 billion) in September 2016.
The Congress on Wednesday claimed the agreement to purchase the 36 French Rafale jets was not a government-to-government deal.
The Supreme Court Wednesday said any discussion on pricing of the Rafale fighter jets can only take place if the facts on the deal are allowed to come in the public domain.
The Supreme Court Wednesday commenced its crucial hearing on pleas seeking a court-monitored probe into the procurement of 36 Rafale fighter jets from France.
The Narendra Modi government has consistently claimed that the Rafale aircraft deal was between two governments – India and France – and therefore there was hardly any possibility of India’s interests being compromised in any way.
Low-cost carrier SpiceJet Ltd reported its second straight quarterly loss on Wednesday, hurt by higher fuel expenses and depreciation in the rupee.
SpiceJet on Wednesday sounded a note of optimism saying that Indian airlines will soon start making money due to fall in crude prices and a stronger rupee. The airline, which registered a loss of Rs 3.89 billion in the July-September period against a profit of Rs 1.05 billion last year, said that the aviation market…
Within days of PM Narendra Modi unveiling inland waterway port in Varanasi as a future cargo hub for Eastern India, UP CM Yogi Adityanath has showcased the proposed Jewar International Airport in Noida as an aviation hub for Northern India.
The US aviation regulator has launched a high-priority probe of the safety analyses performed over the years by Boeing Co, following the crash of a Lion Air jet in Indonesia last month, the Wall Street Journal reported on Tuesday.