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    Jet staff seek Prez intervention for salary dues

    Jet staff seek Prez intervention for salary dues


    Amid uncertainty over the future course of the carrier, two employees' unions have now written to the President and the PM. In separate but similarly-worded letters this week, the Society for Welfare of Indian Pilots and Jet Aircraft Maintenance...

    Amid uncertainty over the future course of the carrier, two employees' unions have now written to the President and the PM. In separate but similarly-worded letters this week, the Society for Welfare of Indian Pilots and Jet Aircraft Maintenance Engineers Welfare Association have requested help in clearing their outstanding salary dues.
    Reliance says not violating US sanctions on Venezuela, bought oil with knowledge of US authorities

    Reliance says not violating US sanctions on Venezuela, bought oil with knowledge of US authorities


    In a statement, Reliance said reports suggesting that it was involved in an arrangement that leads to cash payment for oil supplies to Venezuelan national oil company PDVSA via third parties are "false and...

    In a statement, Reliance said reports suggesting that it was involved in an arrangement that leads to cash payment for oil supplies to Venezuelan national oil company PDVSA via third parties are "false and reckless".
    No Jet, but tulips still bloom for Indians on tour

    No Jet, but tulips still bloom for Indians on tour


    Tulips are in full bloom in Holland’s Keukenhof Gardens, a 45-minute drive from Amsterdam’s Schiphol airport where a Jet Airways flight used to land daily at 8.15am with tourists from Mumbai and the rest of India. A large number of these tourists...

    Tulips are in full bloom in Holland’s Keukenhof Gardens, a 45-minute drive from Amsterdam’s Schiphol airport where a Jet Airways flight used to land daily at 8.15am with tourists from Mumbai and the rest of India. A large number of these tourists were on group tours organized by Indian travel companies.
    TikTok parent plans to pump $1bn into India

    TikTok parent plans to pump $1bn into India


    by the ban on TikTok in India, the popular Chinese short video app's parent ByteDance remains "very optimistic" and plans to invest $1 billion in the country over three...

    by the ban on TikTok in India, the popular Chinese short video app's parent ByteDance remains "very optimistic" and plans to invest $1 billion in the country over three years.
    Long notice periods are fuelling counter-offers

    Long notice periods are fuelling counter-offers


    Organisations are strictly adhering to the rule of long notice periods. This, recruitment agencies say, is not only hindering the process of hiring but is also fuelling counter-offers. Companies are increasingly investing in the learning and development...

    Organisations are strictly adhering to the rule of long notice periods. This, recruitment agencies say, is not only hindering the process of hiring but is also fuelling counter-offers. Companies are increasingly investing in the learning and development of people, which is why losing a candidate and hiring a new one has become a costly affair.
    Jaypee buyers demand suspension of EMIs

    Jaypee buyers demand suspension of EMIs


    Called for a meeting by crisis-hit Jaypee Group, a section of homebuyers on Friday boycotted the meet and protested here against huge delay in possession of their apartments. They demanded that banks should be asked to suspend monthly equated-monthly...

    Called for a meeting by crisis-hit Jaypee Group, a section of homebuyers on Friday boycotted the meet and protested here against huge delay in possession of their apartments. They demanded that banks should be asked to suspend monthly equated-monthly instalment (EMI) for the time being to provide some relief.
    Mallya accuses SBI of wasting taxpayers' money

    Mallya accuses SBI of wasting taxpayers' money


    Days after a UK high court judge refused to dismiss an interim order freezing nearly 260,000 pounds in one of his London bank accounts, the 63-year-old issued a string of statements on Twitter to allege that the SBI led consortium of PSU banks were...

    Days after a UK high court judge refused to dismiss an interim order freezing nearly 260,000 pounds in one of his London bank accounts, the 63-year-old issued a string of statements on Twitter to allege that the SBI led consortium of PSU banks were wrongly going after him in the UK courts.
    IndiGo flight lands in Chennai after engine issue

    IndiGo flight lands in Chennai after engine issue


    An IndiGo spokesperson said: “An IndiGo flight 6E 227 (Non-NEO) operating on Kolkata - Kochi route was diverted to Chennai (Friday) due to technical reasons. The aircraft is currently at Chennai airport where it is being inspected by our technical...

    An IndiGo spokesperson said: “An IndiGo flight 6E 227 (Non-NEO) operating on Kolkata - Kochi route was diverted to Chennai (Friday) due to technical reasons. The aircraft is currently at Chennai airport where it is being inspected by our technical teams. We regret the inconvenience caused to the passengers. They have been accommodated in subsequent flights.”
    Ambani's bet on rising middle class is paying off

    Ambani's bet on rising middle class is paying off


    The two divisions accounted for a combined 23 per cent of revenue for the year ended March, up from 17 per cent in the previous year, according to data compiled by Bloomberg. That growth has come at the expense of the conglomerate’s energy-related...

    The two divisions accounted for a combined 23 per cent of revenue for the year ended March, up from 17 per cent in the previous year, according to data compiled by Bloomberg. That growth has come at the expense of the conglomerate’s energy-related arms, which have been the bedrock of Ambani’s business for more than a decade. Their revenue share dropped to 77 per cent from 83 per cent, the data show.
    China working hrs: Jack Ma's remarks spark debate

    China working hrs: Jack Ma's remarks spark debate


    Remarks by the head of Chinese online business giant Alibaba that young people should work 12-hour days, six days a week if they want financial success have prompted a public debate over work-life balance in the country. Ma has responded to the criticism...

    Remarks by the head of Chinese online business giant Alibaba that young people should work 12-hour days, six days a week if they want financial success have prompted a public debate over work-life balance in the country. Ma has responded to the criticism by saying work should be a joy and also include time for study, reflection and self-improvement.
    Ivanka Trump says she passed on World Bank job

    Ivanka Trump says she passed on World Bank job


    Ivanka said she was happy with her current role in the administration. She said her father raised the job as "a question" and she told him she was "happy with the work" she's doing. The president recently said - "I even thought of Ivanka for the World...

    Ivanka said she was happy with her current role in the administration. She said her father raised the job as "a question" and she told him she was "happy with the work" she's doing. The president recently said - "I even thought of Ivanka for the World Bank. She would've been great at that because she's very good with numbers."
    Jet's last flight: A farewell in arrival lounge

    Jet's last flight: A farewell in arrival lounge


    On Wednesday evening, Jet announced temporary suspension of its flight operations and hours later operated its last flight, Amritsar-Mumbai flight S2 3502. It touched down at 12.22 am, about 40 minutes before...

    On Wednesday evening, Jet announced temporary suspension of its flight operations and hours later operated its last flight, Amritsar-Mumbai flight S2 3502. It touched down at 12.22 am, about 40 minutes before schedule.
    Jobs: Cross-sector hiring an option

    Jobs: Cross-sector hiring an option


    TeamLease Services executive VP & co-founder Rituparna Chakraborty said, “While I understand the dilemma of the employees wherein they are caught between hope and pragmatism, we have to accept that the signs of trouble were clear over 12-15 months. We...

    TeamLease Services executive VP & co-founder Rituparna Chakraborty said, “While I understand the dilemma of the employees wherein they are caught between hope and pragmatism, we have to accept that the signs of trouble were clear over 12-15 months. We have seen exits of senior executives as well as pay cuts in Jet over the same time duration.”
    MNCs in India may face higher taxes

    MNCs in India may face higher taxes


    According to tax experts, MNCs carrying offshore operations in India, which also have sales revenue from the country, may find that higher profits that are attributed to Indian operations — under the prescribed formula-driven approach — will result...

    According to tax experts, MNCs carrying offshore operations in India, which also have sales revenue from the country, may find that higher profits that are attributed to Indian operations — under the prescribed formula-driven approach — will result in a higher tax outgo.
    Jet union chief seeks CBI probe in airline’s woes

    Jet union chief seeks CBI probe in airline’s woes


    He was addressing newspersons after a meeting with the airlines management at their headquarters in Mumbai. Pawaskar said that he was told by the management that the airline was forced to suspend flights as it did not receive any funds from lenders led...

    He was addressing newspersons after a meeting with the airlines management at their headquarters in Mumbai. Pawaskar said that he was told by the management that the airline was forced to suspend flights as it did not receive any funds from lenders led by SBI to carry on its operations.
    Air India, SpiceJet line up to take Jet's slots

    Air India, SpiceJet line up to take Jet's slots


    The grounding of Jet Airways has come as a boon for other airlines. The govt will allot 280 slots at Mumbai and 160 at Delhi as well as those at other airports to Indian carriers for three months. Airlines that can induct more planes quickly and tide...

    The grounding of Jet Airways has come as a boon for other airlines. The govt will allot 280 slots at Mumbai and 160 at Delhi as well as those at other airports to Indian carriers for three months. Airlines that can induct more planes quickly and tide over the sudden shortage ahead of peak summer travel season — and help bring down spiralling fares — will get more slots.
    RIL Q4 profit jumps 9.8% to record Rs 10,362 cr

    RIL Q4 profit jumps 9.8% to record Rs 10,362 cr


    Telecom operator Reliance Jio on Thursday reported 64.7 per cent increase in its net profit to Rs 840 crore in the March quarter of 2018-19. The company had recorded net profit of Rs 510 crore in the same quarter a year...

    Telecom operator Reliance Jio on Thursday reported 64.7 per cent increase in its net profit to Rs 840 crore in the March quarter of 2018-19. The company had recorded net profit of Rs 510 crore in the same quarter a year ago.