Category Archives: Business

SpiceJet, Emirates sign MoU for codeshare pact

SpiceJet passengers travelling from Delhi, Mumbai, Ahmedabad, Kochi, Amritsar, Jaipur, Pune, Mangalore, Madurai, Kozhikode and 41 other domestic destinations that the airline operates to, will be able to access Emirates’ network across the globe, including popular destinations across America, Europe, Africa and the Middle East.

US to end sanctions waivers to India, 7 other nations for Iran oil import: Report

Global benchmark Brent crude oil futures rose by as much as 3.2 per cent to $74.30 a barrel, the highest since November 1 last year, in early Asian trading on Monday in reaction to expectations of tightening supply. US West Texas Intermediate futures climbed as much as 2.9 per cent to $65.87 a barrel, its highest since October 30.

Sensex tanks over 300 points as global oil prices spike

On the BSE index, Yes Bank, Reliance Industries, Bharti Airtel, IndusInd Bank, Asian Paints were among the top losers with their stocks down as much as 2.31 per cent. On NSE, except for Nifty IT, all other sub-indices were trading in red, sliding as much as 2.05 per cent.

Irregularities found in companies under IBC

The ministry of corporate affairs, which is responsible for implementation of IBC, is expected to initiate action against the promoters, directors and even auditors in some cases, although it is stretched for manpower and resources, sources told TOI.

Silver jewellery exports crash as Nirav Modi, Choksi flee country

The exit of Nirav Modi and Mehul Choksi from the Indian market has resulted in a sharp fall in India’s silver jewellery exports with an over 75% decline reported during the 2018-19 financial year.

ICC World Cup draws Indian travellers to London

The upcoming World Cup has made London a preferred destination for sports enthusiasts and vacationers this summer. International curated tours operator Pickyourtrail witnessed 250% increase in bookings. “Given that a lot of tickets were allocated much in advance, it made it easier for travellers to plan,” said Hari Ganapathy, co-founder, Pickyourtrail.

India to get eye in sky to track planes over its ocean

Come next January and India will be able to know the exact position of aircraft flying over the vast stretches of Indian Ocean falling in airspace of its own as well as that administered by it, every 30 seconds.

Air India Express mulls leasing some Jet Airways’ Boeing 737s

Before halting operations temporarily mid-last week due to severe cash-drought, the private carrier was forced to ground 69 planes owing to non-payment of rentals to lessors. Later, on April 16, it grounded the rest of the planes in its fleet, when it decided to temporarily suspend all its domestic and international services.

‘Jet staff may get hired by other airlines at lower pay packs’

Thousands of employees at now-shuttered Jet Airways might be staring at an uncertain future but other airlines will see “value” in hiring such experienced people even though they might end up getting relatively lower pay packets, according to HR experts.

Six of top-10 firms add Rs 98,502 crore in m-cap; TCS shines