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Times of India | Business News

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Jet Airways hopes to get 40 grounded planes back from lessors by April end

Jet was operating 103 aircraft before its funding crisis got severe earlier this year. “If it is able to have 75 planes operational by next month, Jet will be operating almost 80% of its fleet. Since the planes have been grounded for some time, we will ensure their airworthiness and safety before they get back in action,” Kharola added.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/jet-airways-hopes-to-get-40-grounded-planes-back-from-lessors-by-april-end/articleshow/68584215.cms

Clear our salary dues: Jet pilots to SBI chief

Jet Airways pilots’ union has requested State Bank of India chairman Rajnish Kumar, seen as the airline’s new guardian angel, to ensure that their salaries are not delayed any further. The airline’s pilots, along with aircraft maintenance engineers (AMEs) and senior management have salary dues of almost four months now.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/clear-our-salary-dues-at-the-earliest-jet-airways-pilots-request-sbi-chief/articleshow/68578118.cms

SWIFT violation: RBI slaps Rs 2 crore fine on PNB

SWIFT is a global messaging software used for transactions by financial entities. The massive Rs 14,000-crore fraud perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi at the PNB was a case of misuse of this messsaging software.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/rbi-slaps-rs-2-cr-penalty-on-pnb-for-violating-swift-norms/articleshow/68579914.cms

Nirav to make 2nd bail application on Friday

The 48-year-old had been denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard officers from a central London bank branch as he tried to open a new bank account and has been in custody at HMP Wandsworth prison in south-west London since last Wednesday.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/nirav-modi-to-make-second-bail-application-at-next-uk-court-hearing-on-friday/articleshow/68582263.cms

How much does your vote cost?

The cost per voter has risen steadily since the first Lok Sabha polls, from less than a rupee in the first six general elections to close to Rs 50 in the last polls, with the 2014 elections seeing a near three-fold jump in the average cost incurred on each voter and becoming most expensive. The cheapest parliamentary elections were the second LS polls, held in 1957.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/how-much-does-your-vote-cost/articleshow/68574940.cms

Rajan raises doubts on economy growing at 7%

Rajan, who has also served as chief economist at the International Monetary Fund (IMF), said he had no idea what statistics are pointing at currently and "a revamp" was needed "to really figure out what India's true growth rate is".

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/rajan-raises-doubts-about-india-growing-at-7-says-cloud-over-gdp-data-needs-to-be-cleared/articleshow/68580861.cms

Sensex surges 424 points; Nifty ends above 11,480

On the BSE index, SBI, Vedanta, Reliance Industries, NTPC, Yes Bank and Bajaj Finance were among the major gainers with their stocks surging as much as 3.81 per cent. On NSE, except for Nifty IT, all other sub-indices finished in green Nifty PSU Bank and Private Bank surging the most, up as much as 3.13 per cent.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/sensex-surges-424-points-to-close-at-38233-nifty-above-11480/articleshow/68578920.cms

Govt refuses to give info on RBI guv appointment

The Centre has refused to share details related to the appointment of RBI governor Shaktikanta Das citing a clause in the transparency law. Replying to an RTI query, it declined to share the details, including names of short-listed candidates and file notings related to the appointment.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/government-refuses-to-disclose-details-on-rbi-governor-shaktikanta-das-appointment/articleshow/68577610.cms

Uber to acquire Mideast rival Careem for $3.1bn

"Careem and Uber are joining forces. We have reached an agreement in which Uber will acquire Careem for $3.1 billion," a joint statement said. Saudi Technology Ventures (STV) said that Uber's deal with Careem will help the Middle East ride hailing firm expand its customer base even further and continue to develop the regional economy.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/international-business/uber-to-acquire-mideast-rival-careem-for-3-1-billion/articleshow/68575963.cms

Take my money, save Jet Airways: Vijay Mallya

In a series of tweets posted in the early hours, Mallya said, "Happy to see that PSU Banks have bailed out Jet Airways saving jobs, connectivity and enterprise. Only wish the same was done for Kingfisher." Goyal along with his wife Anita stepped down on Monday following which lenders agreed to pump in Rs 1,500 crore to bail out the financially troubled airline.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/take-my-money-it-will-help-to-save-jet-airways-vijay-mallya-tweets-again/articleshow/68573202.cms

Highs and lows of Naresh Goyal’s journey

Now, another twist in fate has taken him out of Jet 28 years after launching the airline, and whether he or his family can make a comeback remains to be seen. In 1967, Goyal joined a travel agency run by his mother’s uncle in Connaught Place where he earned about Rs 300 a month.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/from-travel-agent-to-czar-of-aviation/articleshow/68571135.cms

Fake bills: Man cons FB, Google of over $100m

Evaldas Rimasauskas, 50, was involved in running a firm that controlled several accounts at banks in Latvia and Cyprus. He and unnamed associates were essentially posing as Quanta Computer, a hardware company based in Taiwan that has done business with FB and Google. He devised a scheme to fleece US companies and then siphoned funds to bank accounts around the globe.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/international-business/man-cons-facebook-google-of-more-than-100-million-by-mailing-fake-bills/articleshow/68572863.cms

'Reviving confidence in Jet Airways will be key'

“The biggest issue with investors like Tata Group was continuation of Goyal in Jet in any form before they agree to acquire it. That has not changed. So, banks may today put on a brave face and give a timeline for selling off Jet to someone else — whether that actually happens remains to be seen,” said a person, who examined Jet closely for one of the potential buyers.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/reviving-confidence-in-jet-airways-will-be-key/articleshow/68574139.cms

'57% 'desi' professionals want to switch careers'

About 33% of Indians are career sleepwalking — they feel like they are on a treadmill going nowhere — while 57% are keen to pivot to build a more rewarding career. The survey had a sample size of more than 5,000 professionals across 11 cities which revealed that in spite of the urge to move to something more meaningful, impact on pay packages remained a major concern.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/57-desi-professionals-want-to-switch-careers-survey/articleshow/68571097.cms

Time has come to pass on the baton: Naresh Goyal

Jet was seen as India’s finest airline after the government nationalized the Tata group-founded Air India. While AI was shaping up as one of the world’s best airline under J R D Tata, in 1953 the Centre decided to privatize it. Decades of mismanagement left AI in a terrible condition. So when Jet was founded in 1993, it soon emerged as the finest premium airline the country had seen in a long time.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/time-has-come-to-pass-on-the-baton-an-emotional-goyal-tells-employees/articleshow/68566343.cms

‘Capt Rohan’ takes teacher on a flight to US

So when Satyan heard “Captain Rohan Bhasin” again after so many years on the Chicago flight on Sunday, she requested the airhostess to meet the pilot. Once the flight got airborne and everyone was settled, the young captain came to meet her. And he did turn out to be the same person who had prefixed his name with Captain while appearing for a play school interview.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/3-year-old-who-told-teacher-his-name-was-captain-rohan-flies-her-as-actual-captain-30-years-later/articleshow/68561680.cms

Expect buyer for Jet by May 31: SBI chairman

"It could be financial investor, it could be airline...including Naresh Goyal himself or Etihad. No body is barred from bidding or taking over the airline as per the rule," Kumar said.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/naresh-goyal-has-option-to-raise-stake-expect-buyer-for-jet-by-may-31-sbi-chief/articleshow/68564219.cms

Jet founder Naresh Goyal, wife resign from board

Jet Airways founder Naresh Goyal and his wife Anita on Monday stepped down from board of the airline. Saddled with more than $1 billion of debt, Jet is struggling to stay afloat. It has delayed payments to banks, suppliers, pilots and lessors - some of which have forced the airline to ground as many as 40 planes.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/jet-airways-founder-naresh-goyal-wife-anita-step-down-from-board/articleshow/68560895.cms

AI withdraws boarding passes with PM, Guj CM pics

"Air India has decided to roll back the boarding passes of Vibrant Gujarat which had photos of the Prime Minister and the Gujarat chief minister," said Air India spokesperson Dhananjay Kumar.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/air-india-withdraws-boarding-passes-after-criticism-over-pics-of-pm-and-guj-cm-on-them/articleshow/68559893.cms

Will you lose your job? What are the signs

Have you got consistently poor appraisals and less-than-average increments for two-three years running? It is a red flag that is hard to miss. It could also reflect the industry or sector trend. Low increments must not be seen in isolation. If these are low across the board, it could be due to company’s underperformance or cost-cutting measures. If not, take the hint.

Click here to Read full Details Sources @ https://timesofindia.indiatimes.com/business/india-business/will-you-lose-your-job-what-are-the-signs-and-how-to-prevent-it/articleshow/68558168.cms


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