Business

Bhoja Poojari has handled baggage for Jet Airways since it began flying nearly 26 years ago. Now, like many other Jet employees, he fears for the future as the debt-laden airline descends into crisis.

"If this continues, I do not know what to do," said the 53-year-old father of two, who has not been paid in nearly two months and may be

Domestic stock markets gave up all of early gains in late morning deals on Thursday. The S-P BSE Sensex plunged to an intraday low of 39,154.25, retreating as much as 333.2 points from the day's highest level. The NSE Nifty moved in a

DigiLocker, a cloud-based government platform, allows users to store and access electronic versions of their documents such as Aadhaar card, PAN (Permanent account number) card, driving license among others. The digital storage reduces the administrative overhead of

Gold prices on Thursday declined by Rs 405 to Rs 32,385 per 10 grams on reduced buying by local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver too slumped by Rs 104 to Rs 38,246 per kg on subdued offtake by industrial units and coin makers. Gold fell due to decline in domestic demand,

Jet Airways shares nosedived as much as 34 per cent on Thursday, a day after the cash-starved airline suspended all of its flying operations. The decision by Jet Airways late on Wednesday, to indefinitely suspend its domestic as well as

Domestic refiners are increasing their planned purchases from OPEC nations, Mexico and the United States to make up for any loss of Iranian oil if the US enforces sanctions more harshly from next month, sources and company officials

Domestic equity benchmarks snapped their four-day winning streak on Thursday as heavyweights such as HDFC, HDFC Bank, Infosys, Larsen - Toubro, IndusInd Bank and ITC came under selling pressure. The S-P BSE Sensex fell as much as 183 points or 0.46

Domestic stock markets resumed trading on Thursday on a higher note with the S-P BSE Sensex rising as much as 211.81 points to touch 39,487.45. The Nifty moved to 11,856.15 in early trade, up 69 points from the previous close. Advances in energy and auto stocks supported the markets however weakness in metal counters kept the upside in

Indian Railways has decided to operate its New Delhi Amritsar Shatabdi train service connecting Delhi with Amritsar with LHB or Linke Hofmann Busch coaches for about two months. Shatabdi Express trains 12031 and 12032, operating between New Delhi and Amritsar will be run with the LHB set

Tata Sons former chairman Ratan Tata told the Bombay High Court on Thursday that the defamation case filed against him and other directors of the group by industrialist Nusli Wadia was because of the fallout of a corporate dispute.

Ratan Tata and the other directors earlier approached the high court, seeking to quash and stay the

Jet Airways' group of lenders said on Thursday that they are "reasonably hopeful that the bid process is likely to be successful". The statement from the lenders, led by State Bank of India (SBI), came a day after the airline

State Bank of India or SBI offers the facility of opening a salary package account, which is a special savings account offered to salaried customers. A salary package account is a zero balance account. SBI offers salary account packages for varied sectors such

Indian Railways operates a host of trains across the county and offer connectivity to major Indian cities, towns and villages. The Railways, which has a total network of 1,08,706 kilometres across broad gauge, meter gauge and narrow gauge, operates 11,000 trains on a daily basis,

Beleaguered carrier Jet Airways halted all operations on Wednesday after its lenders rejected its plea for emergency funding from the airline that was once the country's largest private carrier.

The airline, known for its "The Joy of Flying" tagline, has been teetering for weeks, saddled with over $1 billion in debt.

Its lenders, led by State Bank

Passenger carrier SpiceJet announced new flights from Mumbai to a host of international destinations. The new direct non-stop international flights will be operated from Mumbai to Hong Kong, Jeddah, Dubai, Colombo, Dhaka, Riyadh, Bangkok and Kathmandu, starting from May-end, th

GoAir is offering domestic and international flight tickets at a starting all-inclusive price of Rs 2,765 and Rs 7,000 respectively in a limited-period sale, according to the airline's website - goair.in. Bookings under the offer can be made till April 24, 2019. Under the offer, the cheapest flight ticket is offered by the airline on the

A fixed deposit (FDs) is a secure financial instrument offered by banks, post offices, small finance banks, non-banking financial companies which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One

Life Insurance Corporation (LIC) of India, the country's largest life insurance company, offers four types of pension plans. These are: Pradhan Mantri Vaya Vandana Yojana, LIC New Jeevan Nidhi, LIC Jeevan Akshay- VI and LIC Jeevan Shanti Policy,

State Bank of India or SBI offers multiple variants of ATM-cum-debit cards such as My Card International debit card and Gold International debit card. These ATM cards enable customers to withdraw up to a certain daily limit. For example, SBI's My Card International debit c

In what could prove to be major global takeover, Reliance Industries Limited-owned Reliance Retail is in talks to acquire the iconic 259-year-old toy brand Hamleys.

Hamleys is currently owned by a Chinese fashion wear company, C.Banner.

The purchase of the global

Protectionism does not really help preserve jobs and offers little defence against the job-destroying effects of automation and Artificial Intelligence, Former Reserve Bank of India Governor Raghuram Rajan has said, asserting that industrial

Air India wants to take 4-5 wide-body Boeing 777 aircraft of the now-grounded Jet Airways and may hold discussions for it with the airline's lead lender State Bank of India (SBI).

The move is aimed at catering the peak demand on various international

Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in US crude stocks which defied expectations and signalled firm demand, while global supply remained tight.

International benchmark Brent crude

Energy giant Adani has urged the Australian government to give its controversial coal mine project "a fair go" and indicated that the opposition party would not derail the proposed billion-dollar project if it comes to power.

Industrialist Gautam Adani-led Adani Group entered Australia in 2010 with the purchase of the greenfield

With cash-starved Jet Airways suspending operations, aviation regulator DGCA on Thursday said it will ask the airline for a "concrete and credible" revival plan, as well as extend help within the regulatory framework. A senior

Embattled carrier Jet Airways decided to temporarily suspend all operations from Wednesday night, the company said in a stock exchange filing. The move comes after lenders rejected Jet's request for additional funds. Late last night, Jet Airways was informed by the State Bank of

The Reserve Bank of India (RBI) on Tuesday issued banknotes of Rs 50 denomination bearing the signature of Governor Shaktikanta Das. The design of these notes is similar in all respects to Rs 50 banknotes in Mahatma Gandhi (new) series, the central bank said in a

SpiceJet shares jumped as much as 15 per cent on Thursday, after news that Jet Airways had suspended its operations. SpiceJet chairman Ajay Singh said the budget airline was taking "all possible proactive measures" to deal with capacity reduction in the

Mindtree Limited, the Bengaluru-based software services company, reported consolidated net profit of Rs 198.4 crore in January-March quarter. Mindtree's net profit rose 3.8 per cent from Rs 191.2 crore during the October-December quarter. Its revenue from operations during

Domestic equity, forex, bullion and other commodity markets are shut on Wednesday on account of 'Mahavir Jayanti', according to news agency Press Trust of India (PTI). On Tuesday, domestic stock markets rose to record highs led by a rally in shares of banking, auto and