Business

It looks like Jet Airways Ltd.'s luck has finally run out. India's oldest privately owned airline is on the verge of shutting down all its flights -- it already has perhaps fewer than 10 aircraft active -- because it simply doesn't have enough working capital. It's more than a billion dollars in debt and has lost money for the last four quarters.

On

Subscribers can update or correct the details fed into their existing PAN (Permanent Account Number) card through Unified Mobile Application for New-age Governance (Umang) app. PAN, which is a 10-character alphanumeric number, is issued in form of a laminated

The government said on Tuesday that it had directed the secretary of Ministry of Civil Aviation to review the issues related to Jet Airways. In a tweet on Tuesday morning, Union Minister Suresh Prabhu said that Pradeep Singh Kharola will review the issues ailing the airline, especially increasing fares and flight cancellations. The statement from

Form 16 will seek additional details from May 12, 2019. The Income Tax Department has revised the format of Form 16, which is used by employers to report TDS (tax deducted at source) details of the employees, to demand details such as any investment in and related deductions on the basis of income tax-saving schemes as well as income from other

Wipro, the country's third largest software services company, on Tuesday reported a net profit of Rs 2,483.5 crore for the quarter ended March 31. That marked a 1.07 per cent fall from its net profit of Rs 2,510.4 crore registered for the previous quarter. In a regulatory filing post-market hours on Tuesday, Wipro said its revenue stood at Rs

IT services firm Wipro said on Tuesday some of its employee accounts may have been hacked due to an advanced phishing campaign and that the company had launched an investigation to contain any potential impact.The Bengaluru-based company was responding to a Reuters

Saudi Aramco, the world's largest crude oil producer, is in "serious discussions" to acquire up to a 25 per cent stake in Reliance Industries' refining and petrochemicals businesses, the Times of India reported on Wednesday.

A minority stake sale could fetch

In the competitive telecom sector, operators are offering a host of benefits with postpaid plans these days. Companies such as Bharti Airtel and Vodafone Idea are offering additional benefits such as subscription to Amazon Prime Video and Netflix along with

Domestic stock markets started Tuesday's session on a strong note with the benchmark indexes clocking new record highs. The S-P BSE Sensex soared as much as 372.12 points to an all-time high of 39,277.96, and the NSE Nifty jumped 96.7 points to a record 11,787.05. The Sensex and Nifty surpassed their previous record highs of 39,270.14 and

Emphasising on the repayment of dues to small creditors including provident and pension funds, the National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that IL-FS should distribute funds to small creditors, in a manner that 80 per cent of their entitled amounts are

Snapping the four-day losing streak, gold prices on Tuesday surged by Rs 170 to Rs 32,790 per 10 grams on increased buying from local jewellers, reported news agency Press Trust of India (PTI) quoting the All India Sarafa Association. Silver too followed suit by gaining Rs

SBI or State Bank of India, the country's largest lender, offers a special type of savings account under its personal banking portfolio. SBI's small bank account is aimed at customers who do not have KYC (Know Your Customer) documents, however are many

Cash-strapped Jet Airways on Tuesday said it is awaiting "emergency liquidity support" from the State Bank of India-led consortium of lenders to arrest further deterioration in its services. The airline, which is operating only five planes, said its operations have been severely impacted due to critical liquidity position. 

"The

Domestic equity benchmarks ended at record highs led by a rally in shares of banking, auto and financial services companies. The surge to all-time high levels came after the India Meteorological Department said that the country is likely to receive average monsoon rains this year. The forecast raised expectations of higher farm income. The Sensex

On a day when pilots of Jet Airways gathered at the airline's headquarters in Mumbai hoping for the revival of India's premier private airline, the interim funding for the carrier is not coming in immediately. According to the management, Jet Airways needs an immediate infusion

In a letter to employees on Tuesday, Jet Airways CEO Vinay Dube said the management has stressed on the need for urgent funding to lenders. The Jet management said that specific areas that will be impacted if the funds don't come in have been highlighted. With a debt

The domestic equity benchmarks surged to fresh record highs led by gains in ICICI Bank, Tata Consultancy Services, HDFC Bank, Reliance Industries and Larsen - Toubro. The S-P BSE Sensex surged as much as 432 points to an all-time high of 39,337.48 and the NSE Nifty 50 Index

IRCTC (Indian Railway Catering and Tourism Corporation) Tourism is offering a tour package of five nights and six days to Gangtok, Pelling and Siliguri, the tourism arm of the Indian Railways, said on microblogging website, Twitter. The tour, which will

IndiGo on Tuesday announced the addition of domestic flights from Mumbai and Delhi. The additional daily flights will be operated on Mumbai-Bhopal, Mumbai-Ahmedabad, Mumbai-Goa, Mumbai-Indore, Mumbai-Chennai, Mumbai-Kochi, Mumbai-Amritsar, Mumbai-Ranchi, Mumbai-Lucknow, Mumbai-Coimbatore and

Shares of the debt-laden Jet Airways plunged as much as 18.56 per cent on the BSE, its worst session in over three years, to hit intraday low of Rs 213.20. On the National Stock Exchange, Jet Airways share price dropped as much as 18.53 per cent from yesterday's close of Rs 261.70

With Jet Airways suspending its international flights in the face of deep financial crisis and staring at closure, rivals Air India and SpiceJet are eyeing the beleaguered carrier's flying rights to the lucrative India-Dubai route.

The two airlines are learnt to have urged the Civil Aviation Ministry to allocate traffic rights to them, in case Jet

The rupee on Tuesday lost another 18 paise to close at 69.60 against the US dollar, marking its third straight session of decline owing to sustained demand for the greenback from importers and rising global crude oil prices. The local currency has depreciated by 68

Mumbai:  Jet Airways founder Naresh Goyal has decided not to bid for acquiring a stake in the cash-strapped airline. The decision by Mr Goyal, who along with his wife Anita stepped down from the airline's board last month, comes at a time the debt-ridden

Jet Airways international operations have been cancelled till Thursday, April 18, the company's CEO Vinay Dube said in a statement to employees today as it seeks interim funding of Rs 1,500 crore from group of lenders headed by the State Bank of India. "As you are

Vistara is offering a 10 per cent discount on domestic flight tickets, said the private carrier on microblogging website Twitter. However, the fare is applicable for a minimum of four passengers for economy class (except economy lite fare) on a

SpiceJet said on Tuesday that it had inducted five 90-seater Q400 aircraft to its fleet, taking its Bombardier fleet size to 32. Three of these planes will join SpiceJet's fleet in the next ten days while the remaining two will be inducted by June, the airline

India's exports grew by 11 per cent to $32.55 billion in March on account of higher growth in sectors including pharma, chemicals and engineering, government data showed Monday. Imports rose by 1.44 per cent to $43.44 billion during the month. However, trade deficit narrowed to

Aviation regulator DGCA will continue to monitor airfare movements on a daily basis and also engage with airline for appropriate action, a senior official said on Tuesday amid concerns over rising ticket prices. With crisis-hit Jet Airways drastically curtailing its operations, there has been an adverse impact on the number of flights

Polycab India's shares surge 20.26 per cent on their market debut on Tuesday, following the electric wires and cables maker raising Rs 1,346 crore ($193.44 million) through an initial public offering (IPO).

The stock was trading at Rs 647.5 by 0432 GMT or 10:02 AM IST, compared with the IPO price band's higher end of Rs 538.

Investors bid for 91.45

Financially-stressed Jet Airways has time till Tuesday afternoon to pay fuel vendors failing which it might have to ground its operational fleet, industry sources said on Monday.

According to industry insiders, the company is almost out of funds and is relying solely on the scant funds being infused by lenders on an