News for 'Jet Founder'

Jantar Mantar falls silent after 36-day NEET protest ends

Jantar Mantar falls silent after 36-day NEET protest ends

Rediff.com2 days ago

The chants fell silent and calm descended on Jantar Mantar on Sunday, a day after the 36-day agitation over irregularities in exams and the NEET paper leak ended with the resignation of Education Minister Dharmendra Pradhan.

Rakul Singh Shares A Taste Of New York

Rakul Singh Shares A Taste Of New York

Rediff.com9 Jun 2026

Rakul Singh and Jackky Bhagnani recently jetted off to New York for a delightful vacation with friends, indulging in culinary delights and sharing glimpses of their fun escape.

Sheffield University Backs Greener Aviation With Sustainable Fuel Testing

Sheffield University Backs Greener Aviation With Sustainable Fuel Testing

Rediff.com20 May 2026

The University of Sheffield has announced a major milestone in the push for greener aviation as it produces its first report from testing a new sustainable aviation fuel (SAF). The research is helping support the faster rollout of low-carbon jet fuels.

ED attaches assets worth Rs 538 cr of Jet founder Naresh Goyal

ED attaches assets worth Rs 538 cr of Jet founder Naresh Goyal

Rediff.com1 Nov 2023

The Enforcement Directorate on Wednesday said it has attached in London, Dubai and India assets worth Rs 538 crore of Jet Airways founder Naresh Goyal, his family members and companies as part of a money laundering investigation linked to an alleged bank loan fraud. The attached properties include 17 residential flats, bungalows and commercial premises. Located in London, Dubai and various cities in India, these properties are in the name of various companies like Jetair Private Limited and Jet Enterprises Private Limited, Goyal, his wife Anita, and son Nivaan, the central agency said in a statement.

Airline stocks fly into rough weather again

Airline stocks fly into rough weather again

Rediff.com19 Mar 2026

India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.

Trump's unpredictable Iran policy baffles Americans, allies

Trump's unpredictable Iran policy baffles Americans, allies

Rediff.com31 Mar 2026

Donald Trump's inconsistent statements and actions regarding the conflict with Iran have drawn criticism and confusion, raising questions about American credibility and the direction of US foreign policy.

Gulf War: 'Missiles Flew Past Us'

Gulf War: 'Missiles Flew Past Us'

Rediff.com23 Mar 2026

'We are getting used to the constant alerts to take shelter, listening to sonic booms from jets flying above us, hearing news of neighbouring ports being targeted, and being the only ship in the terminal.'

Bill Gates apologises for Epstein Files, admits having affairs

Bill Gates apologises for Epstein Files, admits having affairs

Rediff.com25 Feb 2026

Bill Gates has apologized to the Gates Foundation staff for his association with Jeffrey Epstein and admitted to having affairs with Russian women, stating he did nothing illicit but regrets the mistake.

BSE Smallcap index hits 8-month low

BSE Smallcap index hits 8-month low

Rediff.com21 Jan 2026

The BSE Smallcap index hit an over eight-month low of 47,627.96, falling 3 per cent in Tuesday's intraday trade amid selling pressure due to ongoing tariff-related concerns and rising geopolitical tensions.

Anil Ambani's Reliance, Dassault in pact to make Falcon jets in India

Anil Ambani's Reliance, Dassault in pact to make Falcon jets in India

Rediff.com18 Jun 2025

In a move that signifies a major leap for India's aerospace manufacturing capabilities, the collaboration will establish a final assembly line for the Falcon 2000 jets in Nagpur, Maharashtra.

2 months interim bail for Jet Air founder Naresh Goyal

2 months interim bail for Jet Air founder Naresh Goyal

Rediff.com6 May 2024

The Bombay high court on Monday granted interim bail for two months on medical grounds to Jet Airways founder Naresh Goyal, who has been arrested by the Enforcement Directorate (ED) in a money laundering case. A single bench of Justice N J Jamadar said Goyal shall pay a surety of Rs 1 lakh and not leave Mumbai without prior permission from the trial court. "The applicant (Goyal) shall be released on interim bail for a period of two months. He shall abide by all conditions imposed," the bench said.

Ajit Pawar, Maharashtra deputy CM, dies in plane crash

Ajit Pawar, Maharashtra deputy CM, dies in plane crash

Rediff.com28 Jan 2026

The Learjet 45 (LJ45), a mid-size business jet aircraft produced by the Learjet Division of Bombardier Aerospace, went off the runway while attempting to land at Baramati airport and burst into flames.

IndiGo cancellations: Domestic airfares shoot up, nearing Rs 1 lakh

IndiGo cancellations: Domestic airfares shoot up, nearing Rs 1 lakh

Rediff.com5 Dec 2025

With IndiGo cancelling over 1,000 flights on Friday owing to crew shortage as the second phase of the pilots flight duty and rest period norms kicked in, huge capacity was out of the market, leading to airfares tripling and quadrupling from over the normal range, a travel industry executive said.

YOLO Spirit Ignites 2026 Travel

YOLO Spirit Ignites 2026 Travel

Rediff.com5 Jan 2026

The growing YOLO (You Only Live Once) mindset, coupled with a desire for immersive outdoor experiences, is driving demand, primarily across age groups from 20 to 45 years.

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Rediff.com1 Sep 2023

The Enforcement Directorate late on Friday arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said.

When Trump Jr Danced To What Jhumka?

When Trump Jr Danced To What Jhumka?

Rediff.com25 Nov 2025

Jennifer Lopez sang, Ranveer Singh danced, Janhvi Kapoor, Varun Dhawan, Shahid Kapoor, Kriti Sanon, Jacqueline Fernandez, Nora Fatehi performed at American businessman Rama Raju Mantena's daughter, Netra Elizabeth's Udaipur wedding with tech entrepreneur Vamsi Gadiraju.

Bank fraud case: Jet Airways founder Naresh Goyal sent to 14-day judicial custody

Bank fraud case: Jet Airways founder Naresh Goyal sent to 14-day judicial custody

Rediff.com14 Sep 2023

A court in Mumbai on Thursday remanded Jet Airways founder Naresh Goyal to 14-day judicial custody in a money laundering case linked to an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of Money Laundering Act (PMLA) following a long session of questioning at the central agency's office in Mumbai.

The Jet Set Prefers Luxury Electric Cars

The Jet Set Prefers Luxury Electric Cars

Rediff.com1 Jul 2025

The share of EVs in the luxury segment rose from 7 per cent in January-May 2024 to 11 per cent during the same period in 2025, marking a 66 per cent growth in the electric luxury segment.

ED's ECIR against Jet Airways founder Naresh Goyal, wife quashed

ED's ECIR against Jet Airways founder Naresh Goyal, wife quashed

Rediff.com23 Feb 2023

The Bombay high court on Thursday quashed the Enforcement Case Information Report' (ECIR) registered by the Enforcement Directorate against Jet Airways founder Naresh Goyal and his wife Anita Goyal in an alleged money laundering case. The central probe agency's ECIR was based on a First Information Report (FIR) registered by police against Goyals for alleged cheating and forgery on a complaint filed by Akbar Travels. After hearing both the sides, a division bench of Justices Revati Mohite Dere and Prithviraj Chavan quashed the ECIR registered on February 20, 2020 and all proceedings against Goyals on the ground of "being illegal and contrary" to law.

Crystal Palace lose appeal against Europa League demotion in CAS

Crystal Palace lose appeal against Europa League demotion in CAS

Rediff.com11 Aug 2025

Nottingham Forest, who finished seventh in the Premier League last season, will replace Palace in the Europa League.

Why The Americans Were Opposed To Agni

Why The Americans Were Opposed To Agni

Rediff.com6 Nov 2025

'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'

Arvi Singh Bahal Is Going To Space!

Arvi Singh Bahal Is Going To Space!

Rediff.com23 Jul 2025

This mission is the 14th human flight for the New Shepard programme and the 34th in its history.

Battle for Jet Air hots up

Battle for Jet Air hots up

Rediff.com18 Jan 2019

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.

Court rejects interim bail plea of Jet Air's Naresh Goyal

Court rejects interim bail plea of Jet Air's Naresh Goyal

Rediff.com29 Feb 2024

Jet Airways founder Naresh Goyal's cancer was at a preliminary stage and not life threatening, a special court said here on Thursday while refusing to grant him interim bail on medical grounds. The court, however, permitted Goyal, arrested in a money laundering case, to undergo cancer treatment at a hospital of his choice for two months. Goyal (74), who is lodged in Arthur Road jail in central Mumbai, had sought to be released on interim bail to undergo treatment for cancer.

The take-off and crash-landing of Jet's Naresh Goyal

The take-off and crash-landing of Jet's Naresh Goyal

Rediff.com4 Sep 2023

In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.

Indian Military's Awesome 3

Indian Military's Awesome 3

Rediff.com28 May 2025

Field Marshal Sam Manekshaw Field Marshal K M Cariappa Marshal of the Indian Air Force Arjan Singh The three highest-ranking military heroes of the Indian Armed Forces. They were the rarest of the rare. The bravest of the brave.

Jet Airways drama: 10 unanswered questions

Jet Airways drama: 10 unanswered questions

Rediff.com29 Mar 2019

'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.

Jet Airways drama: 10 unanswered questions

Jet Airways drama: 10 unanswered questions

Rediff.com28 Mar 2019

'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.

Tribunal orders liquidation of Go First

Tribunal orders liquidation of Go First

Rediff.com20 Jan 2025

The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor Go Airlines (India) Ltd.

SpiceJet told to pay Rs 75 cr to Kalanithi Maran

SpiceJet told to pay Rs 75 cr to Kalanithi Maran

Rediff.com1 Jun 2023

The Delhi high court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. "Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.

Co-founder of SpiceJet seeks time to finalise rescue

Co-founder of SpiceJet seeks time to finalise rescue

Rediff.com22 Dec 2014

Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan

Prayagraj Airport handling 40 VIP flights daily

Prayagraj Airport handling 40 VIP flights daily

Rediff.com24 Feb 2025

The Prayagraj airport in India is experiencing a surge in air traffic due to the Maha Kumbh, a major religious festival. The airport is handling an average of 40 non-scheduled charters and private jets daily, with figures reaching 70 on weekends. This is in addition to the average 148 scheduled commercial passenger aircraft operating daily. The airport recently received a contingent of about 180 politicians from Rajasthan and has seen corporate bigwigs like the Ambani brothers, Gautam Adani, and Pawan Munjal pass through. The airport has also hosted four international flights since the beginning of the Maha Kumbh, including a flight carrying Laurene Powell Jobs, the wife of Apple co-founder Steve Jobs. The airport is currently undergoing an upgrade and expansion, and officials are looking forward to the government's plans to integrate Prayagraj with the airports at Kashi and Ayodhya to promote tourism in the region.

SC may settle disputes between SpiceJet & Kalanithi Maran

SC may settle disputes between SpiceJet & Kalanithi Maran

Rediff.com16 Aug 2022

The Supreme Court on Tuesday said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes between them including the row over the share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices J K Maheshwari and Hima Kohli was apprised by senior advocate Mukul Rohatgi, appearing for SpiceJet, that there were three pending issues between the low-cost airline and Maran and out of these, one has been settled on July 29. Initially, Rohatgi sought four to six week time for settling all the issues between the parties.

SpiceJet told to operate only half its flights for 8 weeks

SpiceJet told to operate only half its flights for 8 weeks

Rediff.com28 Jul 2022

In an unprecedented action, Indian aviation regulator DGCA has directed low-cost airline Spicejet to operate only 50 per cent of its flights for eight weeks. This follows an unusually high number of incidents involving the airline, raising safety concerns. The curtailment of capacity is unlikely to have any commercial impact on the airline owned by entrepreneur Ajay Singh. SpiceJet already operates less than 50 per cent of the flights it had filed for the summer schedule.

From start-ups to SpiceJet, companies offer jobs to Jet staff

From start-ups to SpiceJet, companies offer jobs to Jet staff

Rediff.com24 Apr 2019

US-based co-working operator WeWork, Lowe's India, SpiceJet and startups like CureFit stepped in to offer employment to the distressed workers at Jet.

'Commercial pact with Etihad not to override Jet board powers'

'Commercial pact with Etihad not to override Jet board powers'

Rediff.com25 Sep 2013

Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.

Sachin Tendulkar invests $2 mn in JetSynthesys

Sachin Tendulkar invests $2 mn in JetSynthesys

Rediff.com30 Jul 2021

Sachin Tendulkar has recently made an equity investment of $2 million in digital entertainment and technology company JetSynthesys. The investment further strengthens Tendulkar's relationship with JetSynthesys, as the two already have an existing joint venture for a digital destination for all things cricket, called 100MB, and immersive cricket games Sachin Saga Cricket Champions and Sachin Saga VR. With this investment, Tendulkar joins the bandwagon of existing shareholders of JetSynthesys, who include Adar Poonawalla, Kris Gopalakrishnan, and the multi-billion-dollar family offices of the promoters of Thermax, Triveni Group, Yohan Poonawalla Group and DSP Group.

Naresh Goyal, Jet Air under SFIO scanner

Naresh Goyal, Jet Air under SFIO scanner

Rediff.com18 Nov 2019

The probe agency has found that the company's vast network of sales agents across the globe was not independent of Jet Airways and several of these entities were linked to its founder, Naresh Goyal.

Lenders want Naresh Goyal, Etihad to salvage Jet Airways

Lenders want Naresh Goyal, Etihad to salvage Jet Airways

Rediff.com15 Mar 2019

The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

Meet Gopi Thotakura, India's 1st space tourist

Meet Gopi Thotakura, India's 1st space tourist

Rediff.com13 Apr 2024

Thotakura was selected as one of the six crew members for the mission, making him the first Indian space tourist and the second Indian to venture into space after the Indian Army's Wing Commander Rakesh Sharma in 1984.