Govt may give Jet Airways’ slots to other airlines

Govt may give Jet Airways’ slots to other airlines

Thursday, 21 March 2019 | PTI | New Delhi

The Government plans to provide unused airport slots of Jet Airways to other domestic airlines on an interim basis, a senior official said Wednesday, amid efforts to minimise flight disruptions. Cash-strapped Jet Airways, which is looking to raise fresh funds, has grounded at least 47 planes due to non-payment of lease...

KM Mammen, Anshuman Singhania elected as new ATMA Office bearers

Thursday, 21 March 2019 | PNS | New delhi

KM Mammen, Chairman & Managing Director, MRF Ltd has been unanimously elected as Chairman of Automotive Tyre Manufacturers’ Association (ATMA), the national industry body for automotive tyre sector  in India. Anshuman Singhania, whole-time Director of JK Tyre & Industries Ltd has been elected as Vice Chairman  of ATMA. Set up in...

India expresses concern over trade deficit with China

Thursday, 21 March 2019 | PTI | Beijing

India on Wednesday expressed concern over the widening trade deficit with China which has ballooned to over $58 billion, with the country’s new envoy here saying that addressing the issue would be his top priority. India’s Ambassador to China Vikram Misri, who assumed charge on January 8 at a time when...

Singapore rejects Sri Lankan leader’s allegation on trading scam suspect

Thursday, 21 March 2019 | AFP | Singapore

Singapore rejected Wednesday Sri Lankan President Maithripala Sirisena’s allegation it was sheltering a former central bank chief wanted for fraud, saying Colombo failed to provide documents to support its extradition request. Sirisena on Monday accused Singapore of sheltering Arjuna Mahendran, one of his country’s former central bank chiefs wanted in connection...

Telecom subscriber base crosses 120 cr

Thursday, 21 March 2019 | PTI | New Delhi

The country’s telecom subscriber base for the third time crossed 120-crore mark with Reliance Jio, BSNL and Airtel adding new customers in January, according to a report released by telecom regulator Trai. “The number of telephone subscribers in India increased from 1,197.87 million at the end of December 2018 to 1,203.77...

Working with all airlines to provide sufficient capacity, says Civil Aviation Ministry

Thursday, 21 March 2019 | PTI | New Delhi

The Civil Aviation Ministry on Wednesday said it is working with all airlines to provide sufficient capacity and is monitoring safety as well as compliance levels on a daily basis, amid concerns over flight cancellations and rise in airfares. The grounding of aircraft by crisis-hit Jet Airways, grounding of Boeing MAX...

Statutory dues of companies are operational debt: NCLAT

Thursday, 21 March 2019 | PTI | New Delhi

The NCLAT on Wednesday held that statutory liability, including income tax and value added tax dues, of debt-ridden companies are ‘operational debt’, which will now allow the concerned revenue departments to be treated as operational creditors. A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya held that Central or...

Rs  recovers 13 paise against dollar

Thursday, 21 March 2019 | PTI | Mumbai

The rupee on Wednesday recovered by 13 paise to close at 68.83 against the US dollar amid sustained buying by foreign investors in domestic equity markets and lower crude prices. However, the local currency remained cautious ahead of the US Federal Reserve policy decision on Wednesday. Brokers said foreign fund inflows in...