Shares of Jet Airways took a flight on Wednesday, hitting 5 per cent upper circuit at Rs 104 apiece on the BSE, as the Kalrock-Jalan consortium recieves nod to operate the airline again. Shares of the defunct airline are up 15.6 per cent in 3 trading sessions as against a 1 per cent gain in […]
Day: June 24, 2021
IndiGo to offer discount of 10% to vaccinated customers starting today
The country’s largest domestic airline, IndiGo, will offer a 10 per cent discount to vaccinated customers. Customers who have been administered either one or both Coronavirus (Covid-19) vaccine doses can avail a discount of upto 10 per cent on the base fare while booking from Wednesday, the airline announced today. The offer is only available […]
Boeing faces rocky path to gaining approval for 737 MAX return in China
BEIJING (Reuters) -Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co as a potential rival demonstrates its growing influence. Six months after the West lifted an almost two-year flight ban on the MAX, there is no clear […]
Boeing faces rocky path to gaining approval for 737 MAX return in China
Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co as a potential rival demonstrates its growing influence. Six months after the West lifted an almost two-year flight ban on the MAX, there is no clear end in […]
ED transfers Rs 9,371 cr assets seized in Mallya, Nirav cases to PSBs, govt
The Enforcement Directorate (ED) on Wednesday transferred seized assets worth Rs 9,371.17 crore in the cases related to Vijay Mallya, Nirav Modi, and Mehul Choksi, to Public Sector Banks (PSBs) and Central Government. Assets worth Rs 18,170.02 crore have so far been seized by the ED. “Enforcement Directorate (ED) not only seized assets worth Rs […]
ED transfers Rs 9,371-cr assets seized from Mallya, Nirav, Choksi to PSBs
The Enforcement Directorate (ED) has transferred a portion of the assets valued at Rs 8,441 crore it had seized in connection with cases related to the three fugitive economic offenders — Vijay Mallya, Nirav Modi, and Mehul Choksi — to state-run banks. With this, the total transfer of the attached assets stand at Rs 9,371 […]
Suraksha group beats NBCC India in close race to buy Jaypee Infratech
The bidding race for Jaypee Infratech ended in a photo finish on Wednesday, with the Suraksha group’s resolution plan winning 98.66 per cent of the committee of creditors’ (CoC) votes and NBCC India receiving 98.54 per cent of the votes. Both plans were put up for voting separately, and the tight result is leading to […]
FM Nirmala Sitharaman calls for re-thinking financing for resilient infra
Finance Minister Nirmala Sitharaman on Wednesday made a case for re-thinking financing and development priorities for inclusive, sustainable and resilient infrastructure aligned with Sustainable Development Goals (SDGs). Adopted in 2015, SDGs are the world’s shared plan to end extreme poverty, reduce inequality, and protect the planet by 2030. Participating in Asia Infrastructure Forum co-organised by […]