State-owned oil refiner Hindustan Petroleum Corp said on Friday profit fell 56 per cent in the first quarter of the current financial year, missing analysts’ estimates. Net profit for the quarter ended June 30 came in at Rs 925 crore ($145.26 million), from Rs 20.98 billion a year earlier, the company said. Analysts on average […]
Day: August 4, 2017
Jet-Vistara near miss: Pilot risked passengers’ lives, shows investigation
A Government Committee report has found pilots of a Jet Airways flight guilty of risking lives of passengers. In April this year, Jet Airways and Vistara flights were involved in a near miss at Delhi airport. The Aircraft Accident Investigation Bureau (AAIB) report, a copy of which is with ANI, says, “The incident was reported […]
Air India delays payment of July salaries
Air India has delayed the payment of salaries for the month of July to its employees, an airline official said, amid the government working on the modalities for divesting stake in the national carrier. The airline, which has been in the red for long, has around 21,000 employees. The salaries for the month of July […]