New Delhi: JSW Steel on Monday told the National Company Law Tribunal that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel despite reports of alleged fraud by its former promoters. During the proceedings in NCLT, counsel appearing for JSW Steel informed the tribunal that it was anxious […]
Category: The Asian Age
Asianage
Delhi HC seeks govt’s response on Jet Airways founder Naresh Goyal’s plea against LOC
New Delhi: A Delhi High Court Tuesday refused to allow Jet Airways founder Naresh Goyal to leave India and sought response of the Centre on his plea challenging a look out circular issued against him. Justice Suresh Kait said no interim relief can be granted to Goyal at this stage and added that he may […]
Haj pilgrims can carry holy Zamzam water on flight: Air India
New Delhi: Air India on Tuesday said that pilgrims returning from Saudi Arabia after Haj will be allowed to carry holy water from the Zamzam well within the permissible baggage allowance. The well of Zamzam is located in Mecca in Saudi Arabia and many Haj pilgrims bring the holy water from the well for family […]
SpiceJet technician dies after getting stuck in aircraft’s landing gear door
Kolkata: In a bizarre incident, a SpiceJet technician was killed at the aerodrome on Wednesday after he got stuck in the main landing gear door of an aircraft he was working on. The incident took place in the morning at the Netaji Subhash Chandra Bose International Airport in Kolkata. The body was later removed from […]
Airport operations briefly suspended
Mumbai: The heavy downpour in Mumbai since Monday morning led to delay in flight operations to and from Mumbai International Airport Limited (MIAL). While the flight services in airport were obstructed due to poor visibility, MIAL officials claimed that no flights were cancelled in the morning. However, as the intensity of rains increased during the […]
British Airways faces record USD 230 million fine over data theft
British Airways-owner IAG is facing a record USD 230 million fine for the theft of data from 500,000 customers from its website last year under tough new data-protection rules policed by the UK’s Information Commissioner’s Office (ICO). The ICO proposed a penalty of 183.4 million pounds, or 1.5 per cent of British Airways’ 2017 worldwide […]
Oil prices drop on signs global economy slowing amid trade disputes
Tokyo: Oil fell on Tuesday amid worries over the outlook for demand after the latest signs that international trade disputes have been dragging on the global economy, although the potential for conflicts in the Middle East offered support to prices. Brent crude futures were down 21 cents, or 0.3 per cent, at USD 63.90 a […]
Boeing 737 slides, falls into river with 136 people on board
Florida: A Boeing 737 commercial jet with 136 people on board slid into the St John’s River near Jacksonville, Florida after landing on Friday, a spokesman for Naval Air Station Jacksonville said. The flight arriving from Naval Station Guantanamo Bay went into the river at the end of the runway at about 9:40 pm local […]
Snag hits Rahul Gandhi’s aircraft, probe on
New Delhi: A chartered flight with Congress president Rahul Gandhi on board and which was en route to Patna was forced to return to Delhi on Friday due to a technical snag, prompting aviation regulator the Directorate General of Civil Aviation (DGCA) to launch a probe into the matter. Mr Gandhi wrote on Twitter that […]
Jet Airways pilots warn to go on strike from April 1 as no word on salary yet
New Delhi: Disappointed over non-clearance of pending dues, Jet Airways pilots on Friday reiterated that they will stop flying from April 1. “A part of the expected interim funding from State Bank of India (SBI) was supposed to be actioned on March 29. Unfortunately, the fund transfer has not taken place, hence no update on […]
Oil prices set for biggest first-quarter gain since 2009 on US sanctions
Singapore: Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and US sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009. US West Texas Intermediate (WTI) futures were at USD 59.56 per barrel at 0211 GMT, up […]
EverSource Capital to invest $1 billion in India’s renewable energy sector
umbai: EverSource Capital, the joint venture between private equity firm Everstone Capital and global solar project developer Lightsource BP, is looking to invest over $1 billion in renewable energy investments through its Green Growth Equity Fund, said a senior company executive.The National Investments and Infrastructure Fund (NIIF) of India and the UK government are anchor […]