View in the JustOut app
X

Domestic equities staged a comeback Tuesday with the BSE Sensex recovering over 77 points, while the NSE Nifty inched closer to 11,400 points driven by smart gains in oil & gas, banking and metal stocks amid positive Asian cues. The 30-share Sensex was trading higher by 77.38 points, or 0.20 per cent, at 37,886.29 in early trade.

10:36:00 on 26 Mar

Read more at The Hindu

Low-cost airline SpiceJet said that it was a sad day for Indian aviation as Naresh Goyal and his wife Anita Goyal stepped down from the board of financially-strapped Jet Airways. "Today is indeed a sad day for Indian aviation. By launching a truly world class airline, Naresh and Anita Goyal made India proud," said SpiceJet's Chairman and MD Ajay Singh.

10:24:48 on 26 Mar

Read more at Deccan Chronicle

Following the stepping down of Jet Airways founder and chairman Naresh Goyal and his wife, Anita Goyal, from the board of the ailing airline, SpiceJet chief Ajay Singh said on Monday it was a “sad day” for Indian aviation. SpiceJet chairman and managing director Ajay Singh said there was an urgent need to address structural challenges in the aviation sector.

07:55:01 on 25 Mar

Read more at Indian Express

Jet Airways shares surged as much as 17.7% to an intraday hit high of Rs. 266 on the BSE as the airline announced that its founder Naresh Goyal and his wife Anita stepped down from board of directors. The exit of Naresh Goyal and Anita Goyal, from the board of the airline they founded 25 years ago, came as part of the resolution plan to rescue the debt-laden Jet Airways.

05:17:11 on 25 Mar

Read more at NDTV

Jet Airways Founder and Chairman Naresh Goyal and his wife Anita Goyal will step down from the board of the ailing airline, which will also receive an immediate funding of Rs 1,500 crore under a resolution plan piloted by its lenders. Goyal would also cease to be the Chairman of the full-service carrier, which has been flying for more than 25 years.

05:02:02 on 25 Mar

Read more at News 18

As the 2019 fiscal draws to an end, the government on Monday reiterated that the fiscal deficit and liquidity positions are well under control. "Liquidity situation comfortable; confident of meeting the fiscal targets", said Subhash Chandra Garg, secretary, Department of Economic Affairs, on the sideline of an event in the national capital.

04:22:51 on 25 Mar

Read more at The Quint

The end, eventually, came quicker than many thought. After delaying the inevitable for as long as he could, Jet AirwaysNSE 12.41 %' founder and main promoter Naresh Goyal reportedly resigned from the board of the beleaguered airline he founded nearly two decades and a half ago. Goyal's wife Anita also stepped down along with him.


03:54:49 on 25 Mar

Read more at Economic Times

Jet Airways founder Naresh Goyal and his wife Anita Goyal on Monday are likely to step down from the cash-strapped airline board. In anticipation of their exit, the Jet Airways shares surged as much as 3.87 per cent to hit an intraday high of Rs. 234.80 on the NSE in afternoon trade while it climbed 4.23 per cent to Rs. 235.40 on the BSE, .

03:38:17 on 25 Mar

Read more at Indian Express

Jet Airways shares surged on Monday after a report suggested that chairman Naresh Goyal and his wife Anita Goyal may step down from the board of directors of the cash-strapped airline. Shares of Jet Airways rose as much as 3.87 per cent to hit an intraday high of Rs. 234.80 on the National Stock Exchange (NSE).

02:11:42 on 25 Mar

Read more at NDTV

Indian equity benchmarks are likely to continue outperforming their emerging market (EM) and Asian peers in calendar year 2019 (CY19) that are headed into polls this year, analysts say. Though they believe there could be intermittent corrections, the overall trend for Indian equities remains bullish.

10:47:26 on 25 Mar

Read more at Business Standard

Jet Airways, to date, has grounded 84 aircraft primarily due to non-payment of lease fees to lessors. The Indian aviation sector is seeing a huge turmoil after a cash crunch hit Jet Airways, which unsuccessfully attempted to cut salaries of pilots in July last year. The employees resisted and the airline had to cancel the plan.

11:55:50 on 23 Mar

Read more at The Quint

In a major development, the Karnataka transport department has suspended the licence of taxi aggregator Ola and ordered immediate stoppage of its services in Bengaluru. The action follows illegal operation of bike taxis by the company. Ola was also directed to surrender the licence to the authority concerned within three days of receiving the order copy.

06:59:36 on 22 Mar

Read more at The Hindu

Tamil Nadu Minister MaFoi K.Pandiarajan launched FollowAds, an offline to online mobile app for retailers in Chennai city. The minister lauded the efforts of Mohamed Riluwaan Khan, the founder, who thought of moving the physical stores to the virtual space in order to enhance their footfalls and sales. The minister appreciated the act of taking grocery stores online.

03:42:07 on 22 Mar

Read more at http://justout.in/

India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done. Details about the Indian economy would be revealed in the upcoming World Economic Outlook (WEO) survey report to be released by the IMF.

10:42:52 on 22 Mar

Read more at Hindustan Times

Fox employees knew this day was coming. For over a year, the men and women who work at the Century City lot have talked of little else but severance packages and job searches. They knew that when Disney wrapped up its $71.3 billion acquisition of much of 21st Century Fox’s film and television assets, thousands of jobs would be eliminated.

09:40:01 on 22 Mar

Read more at Variety

Financially troubled Jet Airways seems to be headed towards more turbulence as around 260 of its pilots have applied to join SpiceJet, even as investors like public sector banks struggle to stitch a rescue plan for the airline. The development took place on Wednesday when pilots of the beleaguered airline applied for jobs in SpiceJet's open interview sessions held.

05:46:57 on 21 Mar

Read more at India Today

The pilots of financially-strapped Jet Airways have urged PM Narendra Modi and Civil Aviation Minister Suresh Prabhu to intervene and instruct the management to release their pending salaries. Two days ago, they had threatened to stop flying from 1 April if their pending salaries are not cleared by 31 March. The pilots are now almost three months behind salaries.

01:32:06 on 21 Mar

Read more at Livemint

Jet Airways is gasping for breath as just about 35 aircraft, or a third of its total fleet, are flying as of today. A senior official evening said that more of Jet’s aircraft may be grounded in the coming days as the airline continues to struggle to pay lease rentals to aircraft lessors. Airport slots for Jet would be offered to other airlines across India “temporarily”.

09:47:29 on 21 Mar

Read more at News 18

SBI, the largest lender to cash-strapped Jet Airways Ltd, has asked the airline’s chairman Naresh Goyal, his wife and two other nominee directors to step down immediately, even as the bank said it was in the interest of lenders to revive the distressed carrier. SBI said that lenders to Jet Airways would make every effort to keep the airline from slipping into bankruptcy.

06:40:01 on 21 Mar

Read more at Livemint

With climate change top of the agenda in most countries, more people with sharp ideas than ever before are needed to combat global warming. One Mexican company has taken that quite literally, harnessing the power of the prickly pear cactus to produce biofuel. Cactus-fueled clean air? That's sure to prickle the fancy of Mexicans everywhere.

07:59:32 on 20 Mar

Read more at CNN

The CBI has arrested an executive director in the Airports Authority of India for allegedly demanding a bribe from the owner of an airports ground handling company, officials said on Wednesday. Ravichandran, Executive Director (Finance), had allegedly demanded a bribe of ₹4 lakh for each allotted tenders to the company for ‘D’ category airports, they said.

05:23:55 on 20 Mar

Read more at The Hindu

Just five weeks ago rupee was Asia's worst-performing currency, but developments in the runup to Lok Sabha elections 2019 have led to a drastic turnaround. The rupee has now become Asia's best-performing currency. Incidents over the past few weeks have fuelled the fresh development.

04:10:27 on 20 Mar

Read more at India Today

Vodafone Idea Ltd, India's largest telecommunications company by subscribers approved 250 billion rupees rights issue at a sharp discount, sending its shares tumbling. The deal is the second major fundraising by an Indian telco this year after Bharti Airtel Ltd announced a similar plan to reduce debt and fund operations in a market blighted by steep price competition.

01:54:47 on 20 Mar

Read more at News 18

Before the airing of “Jimmy Kimmel Live!” ends tonight, Disney will formally seal the deal on its $71 billion acquisition of 21st Century Fox. Disney is scheduled to take possession of 21st Century Fox at 12:02 a.m. Disney emphasized that the transaction is designed to help the company “increase its international footprint and “expand its direct-to-consumer offerings.”

07:41:01 on 20 Mar

Read more at Variety

Millennials in rural India could influence $220 billion worth of annual spending, with over $177 billion of this in discretionary expenditure, as migration to urban areas and the internet fuel their aspirations, according to researcher Kantar IMRB and Dialogue Factory. India is home to the world’s largest population of millennials—typically defined as those aged 18-35.

06:40:01 on 20 Mar

Read more at Livemint

Halting its six-day winning run, the rupee on Tuesday edged lower by 43 paise to close at 68.96 to the dollar on emergence of demand for the greenback from importers. The local currency also came under pressure due to rising crude pressure and a caution ahead of the outcome of the Federal Open Market Committee (FOMC) meeting.

07:06:30 on 19 Mar

Read more at NDTV

In a move to aid the real estate sector, the all-powerful GST Council on Tuesday, 19 March, approved a transition plan for the implementation of new tax structure for housing projects. The developers of residential projects which are incomplete as on 31 March, will have option either to choose the old structure with ITC or to shift to new 5% and 1% without ITC.

06:42:17 on 19 Mar

Read more at The Quint

Aviation watchdog DGCA on Tuesday said that 41 Jet Airways flights are currently available for operation and there may be “further attrition” of flights “in coming weeks” as it observed the situation as “dynamic”. DGCA has instructed the airline to comply with “the relevant provisions of the applicable CARs for facilitation of passengers.

05:53:12 on 19 Mar

Read more at The Hindu

The government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election. The finance ministry has in the past year sought regular updates from the banks, led by SBI, on Jet’s financial health, the people said.

04:25:00 on 19 Mar

Read more at Hindustan Times

Maruti Suzuki is all set to replace the existing Alto with a new generation and if media reports are to be believed, the 2019 Alto will be launched by October 2019. The all-new Alto is expected to be based on the Future-S Concept, which the carmaker had showcased at the 2018 Auto Expo.

02:41:39 on 19 Mar

Read more at India Today

Anil Ambani’s not going to jail after all, and Ericsson AB got its money. The Swedish company’s lawyers should take a bow. While the future of the Indian tycoon’s shrinking empire remains shrouded in uncertainty, at least questions over his near-term living arrangements got answered on Monday.

02:36:14 on 19 Mar

Boeing Co Chief Executive Dennis Muilenburg, facing the biggest crisis of his tenure, said on Monday that the company understands "lives depend on the work we do" and was taking steps to "fully ensure" the safety of the 737 MAX jet in the wake of deadly crashes. Muilenburg said a software upgrade for the 737 MAX aircraft was coming "soon."

11:02:56 on 19 Mar

Read more at News 18

With Future Retail signed up as its master franchise, the 7-Eleven convenience store chain will open its iconic shops in many Indian cities this year. Unlike in almost all the 18 other countries where it is “always close, but never closed", it won’t be able to operate round the clock in India. As Kishore Biyani says, “We will be open 24 hours wherever we can."

04:57:01 on 18 Mar

Read more at Livemint

Shares of Facebook Inc fell as much as 5% on Friday to their lowest in nearly three months after the surprise departure of Chief Product Officer Chris Cox, at a time when the company is again being scrutinized over its handling of privacy. The live-streaming of New Zealand's shooting will certainly bring on more questions of regulation and scrutiny over Facebook.

07:27:01 on 16 Mar

Read more at Livemint
May truth prevail

The release of yet another report on jobs growth has been held back, raising fresh concerns over data being fudged under a spin-happy political regime. Reportedly, the Labour Bureau’s survey on the number of jobs created under the Mudra loan scheme won’t be made public until the national elections are over. The main reason cited is anomalies found in the methodology used.

06:15:50 on 15 Mar

Read more at Live Mint

Extending its winning run to the fifth session, BSE benchmark Sensex climbed 269 points to hit a six-month high of 38,024 led by a rally in banking stocks amid soaring foreign fund inflows, strengthening rupee and positive global cues. After rallying nearly 500 points in afternoon trade, the Sensex settled 269.43 points or 0.71 per cent, higher at 38,024.32.

05:39:26 on 15 Mar

Read more at News 18

Petrol prices were increased by 7-8 paise per litre while diesel rates were slashed by 10-11 paise per litre across Delhi, Mumbai, Kolkata and Chennai on Friday, according to state-run Indian Oil Corporation's official website - iocl.com. Currently, the domestic prices of petrol and diesel vary from state to state and are reviewed by oil marketing companies.

12:55:00 on 15 Mar

Read more at NDTV

The BSE benchmark Sensex rose over 150 points Thursday led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues. The 30-share index was trading 141.80 points, or 0.38 %, higher at 37,893.97, while the 50-share NSE Nifty climbed 33.75 points, or 0.30 %, to 11,375.45.

04:25:10 on 14 Mar

Read more at Hindustan Times

Paytm Payments Bank has launched its own separate mobile application for its banking services. Paytm Payments Bank, in a note said that the app will enable customers to check balance, request for debit cards, access their digital debit cards and get 24/7 support from the bank.

04:12:15 on 14 Mar

Read more at The Quint

Air passengers face the grim prospects of high air fares and fewer flight choices as several airlines cancel operations due to a number of reasons including the grounding of 737-MAX aircraft. According to industry insiders, some sectors have shown a rise of more than 100 per cent in last minute bookings.

02:58:49 on 14 Mar

Read more at NDTV

Boeing Co.’s $600 billion-plus order book for its 737 Max began shaking after several big customers threatened to reconsider their purchases in the wake of the Ethiopian Airlines crash, the second deadly accident involving the plane since October. VietJet Aviation JSC said it will decide on its future plans once the cause of the tragedy has been found.

01:15:38 on 14 Mar

Read more at Hindustan Times

Japanese electronics and entertainment giant Sony Corp. is in advanced talks to buy a stake in Subhash Chandra-controlled Zee Entertainment Enterprises Ltd (ZEEL) and form a strategic partnership, three people aware of the discussions said. Chandra is looking to sell 20-25% stake in the BSE-listed company that is struggling to raise funds and pay off debt.

04:57:02 on 14 Mar

Read more at Livemint

Wipro Chairman Azim Premji has earmarked 34% of Wipro Ltd shares worth ₹52,750 crore ($7.5 billion) for his philanthropic activities, a statement said on Wednesday. With his new commitment, Mr. Premji’s total contribution to the philanthropic endowment corpus is ₹145,000 crore ($21 billion), which includes 67% of economic ownership of Wipro Ltd, it said.

07:08:41 on 13 Mar

Read more at The Hindu

Policymakers have got three reasons to vote for monetary accommodation as India goes to polls next month. The latest macroeconomic data shows that industrial output continues to lag, outlook on capital spending is far from optimistic, and retail inflation remains low. In short, the Indian economy is still hankering for more fiscal and monetary help.

08:40:01 on 13 Mar

Read more at Livemint
The 737 scare

India’s aviation industry may face fresh turbulence as safety concerns grow over Boeing’s 737 Max 8 aircraft. Chinese authorities have grounded these aircraft after an Ethiopian Airlines plane crashed on Sunday, killing 157 people. Coming as the second crash involving this kind of aircraft in less than five months, questions over its safety are bound to be raised.

10:57:02 on 12 Mar

Read more at Live Mint

Consumer prices rose at a faster pace than anticipated in February, and remained below the RBI's target for a seventh straight month, lending weight to expectations that the bank could again cut the key interest rate in April. Annual retail inflation picked up in February to 2.57 per cent, after easing to a downwardly revised 19-month low of 1.97 per cent in January.

07:45:32 on 12 Mar

Read more at NDTV

Paytm Mall, the online shopping platform could be looking to trim down its business, and eyeing other avenues to compete in. This has been reported by Hindu Business Line on Monday, which also claims that a change in its business model is the reason for its quicker than expected downfall.

06:36:22 on 12 Mar

Read more at The Quint

Gold prices fell by Rs. 100 to Rs. 33,150 per 10 grams at the bullion market on Tuesday reported news agency PTI quoting the All India Sarafa Association. The fall came on subdued demand from local jewellers and diversion of funds to rising equity market despite positive trend overseas. Silver, however, gained Rs. 50 to Rs. 39,580 per kg.

04:40:37 on 12 Mar

Read more at NDTV

Gold prices gained Rs. 80 to Rs. 33,250 per 10 grams at the bullion market on Monday reported news agency PTI quoting the All India Sarafa Association. Gold gained due to fresh buying by local jewellers, even as the metal lost steam overseas, said the report. Silver, however, fell by Rs. 370 to Rs. 39,530 per kg due to low offtake from industrial units and coin makers.

05:06:31 on 11 Mar

Read more at NDTV

On November 8, 2016, the day Prime Minister Narendra Modi announced demonetisation, banning high-currency notes, to hit at black money, a few directors at the Reserve Bank of India (RBI) differed with the government, according to a TOI report. There is little in the public domain to throw light on what the RBI thought about demonetisation.


03:40:27 on 11 Mar

Read more at Economic Times
Sensex soars 233 points in early trade

Equity benchmark Sensex surged over 233 points 36,904 in early trade on Monday, which is seen by experts as a pre-poll rally following the announcement of 2019 general election dates. Similarly, the NSE gauge Nifty rose over 75 points to scale past 11,110 level. The BSE Sensex started off on positive note at 36,741.57 and furthered its gains to trade at 36,904.81.

10:36:25 on 11 Mar

Read more at The Hindu

Jet Airways (India) Ltd has secured fresh credit facilities of ₹2,050 crore from state-run Punjab National Bank (PNB) that could provide a temporary lifeline to the cash-strapped airline. The Mumbai-based airline has raised foreign currency term loans worth ₹1,100 crore and a non-fund based credit facility of ₹950 crore from PNB, according to reports.

08:40:02 on 11 Mar

Read more at Livemint

More