Serious Fraud Investigation Office will probe the airline for instances of fund diversions and large-scale irregularities.
The top executives who have put in their papers with immediate effect include Jet's chief executive officer (CEO) Vinay Dube, chief finance officer (CFO) and deputy CEO Amit Agarwal and company secretary Kuldeep Sharma.
Actress karthika Nair talks about her new Telugu film.
Debt-ridden firm Reliance Capital on Monday objected to the proposed 33.12 per cent stake sale of Prime Focus Ltd (PFL) by Credit Suisse to PFL's promoter group at Rs 44.15 per share. Anil Ambani's Reliance Group company Reliance Capital in a statement termed the proposed transaction as a blatant abuse of the purported rights by Credit Suisse under certain lending agreements with the RCAP Group. However, Reliance Capital did not share the details of the "blatant abuse of the purported rights".
While Jet founder Naresh Goyal said he was willing to infuse Rs 700 crore and also pledge all his shares in the company provided he can have at least 25 per cent stake, the airline's foreign partner Etihad Airways insists he must not keep more than a 22 per cent stake.
Veteran doctor and educationist from Karnataka Belle Monappa Hegde and archaeology legend B B Lal were also given the Padma Vibhushan awards.
SBI is the lead lender to Jet Airways, which has a debt burden of more than Rs 8,000 crore.
Those killed include eight women and a migrant worker from Madhya Pradesh, police said.
JD-U MP Harivansh filed his nomination as the ruling NDA candidate to the Rajya Sabha deputy chairman's post and is likely to be elected, even as the Opposition is working to field a joint candidate against him to force a contest.
On his 45th birthday, Sukanya Verma offers a playlist of AB Baby's 10 grooviest tracks
His vision for Jet Airways is to operate the carrier as a full-service airline, both domestic and international.
According to the complaint filed by SBI, the account had become non-performing asset on January 27, 2016.
The unions opposed any move to force banks to lend more money to the airline, saying Naresh Goyal is still the promoter and major shareholder with 51 per cent stake and it is his headache to run the company or sell it to someone.
A mix of financial and strategic mistakes combined with poor expectations of the management are the reasons for the downfall of Indian airlines. For Jet, the deathly potion was even more toxic on account of the bitter squabbles between promoter Naresh Goyal and strategic partner Etihad Airways.
The Jat vote is crucial in winning at least 40 assembly seats in Western UP, which has been in the grip of a widespread farmer movement, reports Nitin Kumar.
The Telugu remake of the Tamil film Tamizh Padam, is fun even though the climax is a bit of a dampener.
The defence minister said "last year in Galwan Valley, our soldiers displayed exemplary courage and valour in line of duty. I salute all brave soldiers who laid down their lives fighting for the nation."
Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva, though he is entitled to have bank accounts outside India as he is a Non-Resident Indian.
Indian archer Pooja finished the ranking round at the 29th spot with a total of 513 points in the Recurve archery event of the Paralympics Games on Saturday.
It is Mumbai's favourite festival and is celebrated each year with fervour and frenzy. But when the city welcomes "Ganpati Bappa" this Friday, the celebrations will be low key. With a cap on the size of idols, ban on processions and restrictions on devotees visiting pandals, celebrations are toned down for the second year in a row. Festival budgets have shrunk and as a result, corporate sponsorships have dried out.
Mohabbat Singh was administered a cocktail of Casirivimab and Imdevimab at the Medanta Hospital as part of the "single dose infusion-based treatment" on Tuesday and then kept under observation.
The Naresh Goyal-promoted private airline, in which UAE national carrier Etihad holds 24 per cent stake, is facing acute cash crunch after posting two back-to back quarterly losses this year.
The film's audio release is scheduled for January 15.
While media reports suggested that Tata-Singapore Airlines is looking at an all-stock merger of Jet, Tatas, in a statement said, discussions to take over Jet Airways have been preliminary and no proposal has been made
The NIA also conducted a raid at the residence of Shiv Sena leader and former 'encounter specialist' of Mumbai Police, Pradeep Sharma in connection with the Antilia bomb scare and Mansukh Hiren murder case on Thursday, sources said.
Telugu movie doyens mourn a legend.
Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state, including five ministers of state with independent charge.
The 10-day-long annual Ganesh Chaturthi festival began on a low-key note on Friday with several state governments prohibiting public celebrations due to the Covid pandemic and devotees taking the virtual route to pay obeisance and join the festivities.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.
Two magazines with 20 live cartridges were snatched from two constables by protestors who also damaged vehicles and robbed anti-riot gears during the violence at Red Fort on Republic Day, according to the first information report (FIR) filed in connection with the incident.
Satish Gujral, renowned for his versatility across different mediums, died on Thursday night. He was 94.
'You are to train three Bangladeshi pilots to fly this Chetak helicopter. Your task begins now.'
Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.
Director Virabhadram's debut outing is an average fare.
Mallya claims private airlines were discriminated against by the Indian government, which bailed out state-owned Air India but did not assist his own Kingfisher Airlines and now Jet Airways.
The ruling alliance also has some smaller parties like Republican Party of India-Athawale, Asom Gana Parishad, Mizo National Front, National People's Party, Naga People's Front, Pattali Makkal Katchi and Bodoland People's Front, which have one seat each, totalling seven seats.
Naresh Chandra -- distinguished civil servant and diplomat -- passed into the ages on Sunday, July 9. Ambassador T P Sreenivasan salutes a patriot like none other.<
Maharashtra Anti-Terrorism Squad (ATS) on Tuesday said suspended police officer Sachin Waze was a prime accused in the Mansukh Hiran murder case, adding it will approach the special National Investigation Agency court in Mumbai to get his custody.
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