Jet Airways chairman Naresh Goyal said the strategic alliance forged almost a year ago between his company and Kingfisher Airlines has still not achieved tangible progress, and added that airfares need to rise by 20-25 per cent.
Noted lyricist Prasoon Joshi will replace him as the chairman of the Central Board of Film Certification.
Special Police Officer Naresh Kumar was killed in the encounter between the terrorists and the security forces in the forest area of Mendhar in Poonch district, defence sources said. The Bhati Dhar forest of Mendhar area has been cordoned off by the forces, which are also being assisted by Special Operation Group of police.
Jet Airways' Acting CEO and Chief Financial Officer Ravishankar Gopalakrishnan has resigned, sources said on Tuesday, the latest in the high-profile exit from the private carrier.
The Congress, which wanted to contest as many as 121 seats, has reportedly now settled for 105 seats.
As deaths due to swine flu continued to rise, Health Minister Ghulam Nabi Azad on Monday discussed with Cabinet Secretary K M Chandrasekhar the situation arising out of the spread of the viral disease.The meeting, also attended by Health Secretary Naresh Dayal, came soon after two more deaths due to swine flu were reported in the country, and discussed the measures to contain further spread of the disease.
Amidst the ongoing war of words between the Ambani brothers over the issue of pricing of gas, Mukesh Ambani, chairman, Reliance Industries Ltd, on Tuesday met TKA Nair, Principal Secretary to the Prime Minister, at the latter's office in the South Block.
A senior first officer with Jet Airways shares her plight.
Low cost carriers have 55 per cent of the market, up from 45 per cent in Q1 last year, and 30 per cent two years back. Does it mean India really is an LCC market? The performance of the airlines also seem to suggest that. While budget carrier Spicejet announced a small profit for Q1, all the big boys in the industry seem to be in trouble.
Chandamama Kathalu may be slow and without the regular commercial ingredients but the film has its moments
Till high school, his medium of learning was Marathi. Later, he completed his doctorate under Neil Armstrong's guidance. He has travelled to close to 50 countries, sold $350 billion worth of aircraft. Anjuli Bhargava meets Boeing SVP Dinesh Keskar.
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
Jet Airways group CEO Ravi Chaturvedi has resigned. Amid difficult times for the aviation industry, Jet Airways has cut three of its biggest loss-making international routes and plans to lease four wide-body Boeing 777 aircraft, besides phasing out three Boeing 737 planes.
The employees gathered at terminal-1B and chanted slogans against the airlines' chief Naresh Goyal and Vijay Mallya, the chairman of Kingfisher Airlines. They also vented their ire against the government for not taking any action against the Jet Airways for sacking nearly 1,900 of its employees, mostly probationers and trainees.
Giovanni Bisignani, CEO of International Air Transport Association, said Delhi and Mumbai airports were one of the worst contributors to the crisis, for their 207 per cent hike in charges. "There is no room for this nonsense in our future. When demand drops, suppliers cannot divide the same costs among fewer customers. The shape of everything must change," he declared.
"While employers in India continue to show optimism in their hiring intent, the impact of US slowdown has started showing its impact," Manpower India Managing Director Naresh Malhan said while releasing the latest Manpower Employment Outlook Survey. Malhan further noted that 'future trends would be challenging and the October to December quarter would be a testing time largely due to rising crude oil prices.'
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
Bhandari sustained head and ear injuries and was taken to Sant Paramanand Hospital at Civil Lines by his colleague Sukhvinder Singh.
Barely a fortnight after it launched international operations and integrated low-cost carrier Simplify Deccan with it, Vijay Mallya-promoted Kingfisher Airlines plans to lay off at least 300 employees, official orders for which are to be conveyed on Monday.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
China has the world's largest online community with over 300 million users, many of who are believed to suffer from excessive use of chat rooms and online gaming.
Judicial Magistrate has been asked to investigate the allegations of poll violations by M.K. Stalin, son of Tamil Nadu Chief Minister, M Karunanidhi and register case, State Chief Electoral Officer Naresh Gupta said today.
They also siphon money through 'work@home' schemes.
The All India Anna Dravida Munnetra Kazhagam on Monday opposed in Rajya Sabha the government move to put in place a single examination for medical and dental courses through National Eligibility cum Entrance Test
Army was helping them in relief operation, Pal said, adding that around 1,200 people affected by flood were staying in five camps, including four put up in the city, he said.
'In this country, if any government acquires one of these images -- anti-farmer, or anti-poor or corrupt -- the government doesn't survive.' 'The Modi government is fast acquiring that anti-farmer image, that is why it is nervous.'
We asked readers to send their advice on how to get out of credit card debt. Here are some more suggestions and tips.
The Aam Aadmi Party on Monday hit out at Prime Minister Narendra Modi over the arrest of its two MLAs, saying this is a "proof" of his frustration.
Naresh Nayyar, MD & CEO, Essar Oil, tells Business Standard that a windfall profit tax on private oil companies will only worsen the situation.
The actor released his autobiography, Romance With Life in New York on Saturday.
Sources in the central security agencies said one of the accused, whose voice had to be restored after operating his vocal chord which was damaged in the blast, had told investigators that Naresh Rajkondwar, a Bajrang Dal activist, had allegedly planned three blasts outside mosques that shook Jalna and Parbani in Maharashtra in 2003 and 2004.
Jet Airways is working on a plan that will entail a reduction in flight duty hours of its unconfirmed cabin crew (that will reduce their take-home salary), withdrawing some perks and downgrading entitlements like hotels as part of a package to reduce manpower costs. Perks on the block include a weight allowance (given to cabin crew if they maintain a certain body weight) and allowances for staying abroad amongst others.
Rajkumar, an accused in Aarushi murder case, has gone to Nepal following his release from jail on bail, raising questions about his availability for questioning by CBI should the need arise.
According to media reports, Securities and Exchange Board of India is debating whether to reopen the issue of an open offer for shareholders of Jet Airways after another regulator said that Etihad enjoys joint control over the Indian airline.
Agarwal handed over his resignation from the state Assembly to UP Vidhan Sabha Speaker Sukhdev Rajbhar on Saturday morning. The resignation of Agarwal, who was also the chairman of the Public Accounts Committee, has been accepted, the Speaker told UNI in Lucknow.
The two companies are hopeful of winning over at least one regulator's go-ahead this week itself for their deal, which happens to be the first FDI by a foreign airline into India.
Value-carrier JetLite, formerly full-service airline Air Sahara, which was bought by Naresh Goyal last year, will offer a voluntary separation scheme to 750 employees who have been with the airline for one year or below, Chief Operating Office Rajiv Gupta confirmed on Friday.
A Jet Airways spokesperson confirmed the pay cuts but said that the move was only temporary and once the situation improved, it would do a revision. The salary cuts range from 5 to 25 per cent and include the top management. In addition, other perks like car facilities and car maintenance allowances have also been withdrawn from May onwards, the source said.
The top-level exodus at Naresh Goyal-promoted Jet Airways continued on Friday, with chief financial officer and acting CEO Ravishankar Gopalakrishnan quitting.
We asked readers what they would do if they had only three years to live life to the fullest? While the contest closes on November 23, here are some more interesting responses.
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