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Airlines to refund tickets booked during lockdown for travel till May 3

The Civil Aviation Ministry on Thursday said the passengers who had booked flight tickets during the first phase of lockdown for travel up to May 3 must get a full refund from the airlines without......

DGCA error forced Pak F-16s to intercept SpiceJet flight

The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.......

No funds for heart surgery, PMC depositor dies

An 83-year-old depositor of the troubled Punjab and Maharashtra Cooperative Bank died on Friday, with his family claiming that it could not raise money for his heart surgery after restrictions......

PMC Bank depositor ends life, another dies of heart attack

A depositor of scam-hit Punjab and Maharashtra Bank Cooperative Bank allegedly committed suicide in Mumbai, while another died of a heart attack a few hours after taking part in a protest by bank......

Meet the Opposition's grand marshall in the Rajya Sabha

Despite the Congress having nearly four times as many members in the Rajya Sabha as the TMC (48 to 13), Derek O'Brien has been informally leading the coordination of Opposition parties, rallying......

Jet Airways' Mumbai office sold for Rs 490 cr

Brookfield Asset Management will pay around Rs 29,000 per square foot for the 170,000 square feet of space in Jet Airways’ two-floor office in Bandra Kurla Complex. The Canada-based......

Yatra ends merger pact, sues Ebix in US for breach of terms

Ebix had signed the agreement last year to acquire Gurugram-based Yatra Online for an enterprise value of $338 million (about Rs 2,327 crore) in an all-stock deal. The deal was supposed to......

YES Bank: Rs 5,500-crore kickback charge slapped on Rana Kapoor

Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit......

Airlines seek deferral of lease rent by 6 months

Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline’s expense and since these are paid in dollars are also subject to currency fluctuations. Domestic......

A year after, Jet Air's lenders, employees still await payments

Though NCLT has extended window to find a buyer, bankers don’t see much hope of a deal. In the year since Jet Airways operated its last flight former employees and creditors have continued......

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Raymond appoints Amit Agarwal as Chief Financial Officer

He is a veteran CFO having worked with large corporations like Arcelor Mittal, Essar Steel, Suzlon and Jet Airways where he was the CFO and Acting... ...

https://economictimes.indiatimes.com/industry/cons-products/garments-/-textiles/raymond-appoints-amit-agarwal-as-chief-financial-officer/articleshow/76765170.cms

Will Jet Airways’ office sale to Brookfield for Rs 490 crore set a benchmark in Mumbai’s BKC?

Real estate experts say that going forward this may not impact capital valuation of Grade A office spaces in the area as there has been no fresh... ...

https://www.moneycontrol.com/news/real-estate/will-jet-airways\\u2019-office-sale-to-brookfield-for-rs-490-crore-setbenchmarkmumbai\\u2019s-bkc_13975741.html

Vrihis Properties buys Jet Airways’ Bandra Kurla office premises for ₹490 crore

Brookfield Asset Management's subsidiary, Vrihis Properties Pvt Ltd, has purchased Jet Airways' office premises at Bandra Kurla Complex (BKC) In Mumba ...

https://www.thehindubusinessline.com/news/real-estate/vrihis-properties-buys-jet-airways-bandra-kurla-office-premises-for-490-crore/article31937775.ece

ED Opposes Closure of Probe against Former Jet Airways Boss Naresh Goyal

In its application, the ED stated that the police had failed to consider the facts that were crucial in establishing the case against Naresh Goyal... ...

https://www.news18.com/news/india/cheating-case-ed-opposes-closure-of-probe-against-former-jet-airways-boss-naresh-goyal-2690087.html

Report

Earlier this month, the National Company Law Tribunal had allowed Jet to sell its premises at the Bandra Kurla Complex to settle the Rs 360 crore... ...

https://www.moneycontrol.com/news/business/brookfield-asset-management-to-buy-two-floorsjet-airways39-bkc-property-for-rs-490-crore-report_13960301.html

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