JET AIRWAYS SAGA
SpiceJet promoter Ajay Singh, Busy Bee Airways submit bid for GoFirst
SpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for financially troubled GoFirst, planning to operate it with SpiceJet's support. Singh highlighted Go First's potential and aims to leverage its strengths. The NCLT granted a 60-day extension to Go First's resolution process. SpiceJet, restructuring its finances, recently laid off staff and secured Rs 744 crore capital infusion.
Indian-origin author Chetna Maroo’s debut novel makes the cut for Booker Prize longlist
Kenya-born Maroo's novel, set within the context of the British Gujarati milieu, has been praised by the Booker judges for its use of the sport of squash as a metaphor for complex human emotions.
Jet Airways saga: Jalan Kalrock Consortium writes to monitoring panel's authorised representative
In the letter on Tuesday, the consortium has also sought a copy of the relevant minutes of the MC meetings in which the matter of CEO-designate Sanjiv Kapoor was "discussed and deliberated". "We request you to forthwith share a copy of the relevant minutes of the Monitoring Committee meeting in which this matter was discussed and deliberated and/or a resolution was passed to issue such a letter to Kapoor," it stated.
View: An attitudinal change can turn Go First's direction and future course quite rapidly
The failure to retain top management ensured that Go First never grew at the pace it might have had it been in steadier hands. Although it started before IndiGo, Go Air remained in 'idling' position for a long time.
Air India privatisation saga: 'Time we stopped paying Rs 20 cr/day of taxpayers money to keep it flying'
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of salt-to-software conglomerate Tata group, to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of the airline's debt.
Fishing in troubled waters proves costly for investors
Retail investor holding in many of the troubled stocks has seen a steady increase.
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Stocks in the news: NIIT Tech, Indiabulls Realty, Future Retail, Prestige Estates and Jet Airways
Prestige Estates Projects's board has approved issuing 1.34 crore equity shares to GIC.
The challenges to turn Air India into an entity attractive to potential buyers
With the govt powering ahead with its resolve to sell the airline, hectic efforts are on behind the scenes to pull it back from the brink, bring it to a manageable shape and then hand it over to a buyer who can turn it around.
MCA orders probe into Jet Airways over alleged mismanagement, including siphoning of funds
The report also found the company to have indulged in malpractices and mismanagement. The matter is of great public importance and it warrants an instant probe, reflected Ministry of Corporate Affairs.
Sebi may crack down on pledged shares at next board meet: Sources
Sebi board which is scheduled to meet on 27 June, may announce norms for mandatory disclosure by promoters.
Market could see 3-4% correction; use it to find opportunities: Devang Mehta, Centrum
We are again seeing a polarised market with mid and smallcaps probably not going up, says Mehta.
5 ailing sectors crying for urgent attention in Modi 2.0 regime
What’s ailing these sectors? Can the government really do something to get them going?
Upcoming government needs to do much more for aviation: Experts
Jet Airways stopped flying on April 17, running out of money and failing to raise funds to stay afloat.
SpiceJet got nothing other than moral support from government in 2014: Ajay Singh
“Having an aviation failure every five years is not good in a market that is growing as rapidly as ours.”
Next large midcap run may come in 2020-21, for now stick to largecaps: Amit Jeswani, Stallion Asset
This year it is better to stay with the quality 25-40 stocks in the market, says Amit Jeswani.
Jet Airways grounds flights: Experts put blame on governance and govt
Deven Choksey, MD at KR Choksey Investment said the stock may be in a freefall on Thursday.
Replay of Kingfisher Airlines saga? Banks select 4 bidders as Jet Airways runs on fumes
Lenders refuse cash and Etihad, NIIF, TPG, Indigo Partners have till May 10 to submit binding bids.
Part of money earmarked for financials may move into insurance: Hemang Jani
Overall in pure term plan segment, companies are delivering a very healthy growth, says Jani.
Jet delays bank payments, puts ‘own planes’ in danger
Jet reached out to the MNC banks with the hope they would not pull the trigger.
It'd be difficult for future govts to trust RBI Guv appointed by earlier party: Arun Jaitley
"The data campaign is a fake campaign. I have never met anybody in CSO at a pre-data stage."
Naresh Goyal quits: First act of gripping drama ends, Jet's fate now up in the air
Goyal reportedly resigned from the board of the airline he founded nearly two decades ago.
Jet Airways stock a no-go for traders, say analysts
Naresh Goyal has told the SBI that he is ready to invest up to Rs 700 crore in the airline.
What changed your markets while you were sleeping
The Dow Jones Industrial Average index climbed 141.57 points, or 0.59 per cent.
Making DND flyway toll-free can ring death knell for private investment in India's infrastructure
Introducing an extraneous “adequacy of profit" concept that is alien to the original contract can have profound and fundamental implications.
Gul Tekchandani, Investment Advisor spoke to ET NOW
Let's talk about the auto pack. For a second day or a third day in a row doing fairly well, what did you make of the numbers that have come out?
India Inc may see more job cuts as efficiency levels drop
Though the last week's retrenchment saga at Jet Airways saw a happy ending, the ghost of job losses still haunts India Inc. Keep staff motivated | Retain your job
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