Business

Jet executives meet Jaitley, urge salary payment

New Delhi, Senior executives of grounded Jet Airways met the Union finance minister Arun Jaitley on Friday and requested him to direct the banks to release at least one month’s salary. Jet has not paid salaries of a large number …

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Tata team meets J&K Governor to explore investment avenues

Jammu, A team of Tata group called on Jammu and Kashmir Governor Satya Pal Malik on Saturday to explore investment avenues in the state. An official statement here said: “A team of Tata group comprising Girish Krishnamurthy, Vice President and …

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HDFC Bank’s Q4 net profit up 22.6% to Rs 5,885 cr

Mumbai, Lending major HDFC Bank on Saturday reported a 22.6 per cent increase in its net profit for the January-March quarter on a year-on-year basis. The bank’s net profit for the fourth quarter of financial year 2018-19 stood at Rs …

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Air India can hire Jet’s co-pilots, not ‘costly Captains’: IPG

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Chennai, The Indian Pilots’ Guild (IPG), one of Air India pilots’ union, on Saturday urged the national carrier’s management to hire just Boeing 777 (B-777) rated co-pilots on short-term contracts instead of hiring Captains who come at a high cost. …

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Samsung rapped for not passing GST benefits to consumers

New Delhi, The Directorate General of Anti-Profiteering (DGAP) has served a notice on technology major Samsung India for allegedly not passing on the benefits of GST reduction to its customers and in turn making undue profits, sources said. The notice, …

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SpiceJet hires 500, most from grounded Jet

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New Delhi, Low-cost carrier SpiceJet has hired as many as 500 pilots, cabin crew, technical and other ground staff in recent weeks with most of them coming from now-grounded Jet Airways. “As we expand and grow, we are giving first …

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Jet issues gag order, fearing impact on stake sale

New Delhi,  The grounded Jet Airways has issued a gag order to its employees advising them to refrain from speaking with external stakeholders. An internal mail accessed by IANS suggests that talking with external stakeholders especially the media might impact …

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Jet saga: Airlines asked to advance fleet induction

New Delhi, A day after Jet Airways temporarily suspended all flights, the government on Thursday asked domestic airlines to advance their aircraft induction plans for capacity augmentation and to keep air fares in check. Apart from fleet induction, the Ministry …

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Reliance Jio’s Q4 net profit up 64.7%

Mumbai, Reliance Jio Infocomm, a Reliance Group company, on Thursday reported a 64.7 per cent increase in its standalone net profit for the January-March quarter of the financial year 2018-19, on an year-on-year basis. The standalone net profit for the …

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Key Indian equity market indices open in green

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Mumbai,  Despite a muted trend in Asian markets, the key Indian equity market indices on Thursday opened higher as the second phase of the Lok Sabha elections began with voting in 95 seats in the morning. The Sensitive Index (Sensex) …

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