Business

The pilots union of Jet Airways had on Tuesday threatened to stop flying from April 1 if their salaries are not paid by March 31.

Founder Chairman Naresh Goyal and his family own around 52 per cent stake in Jet Airways while Etihad, a strategic partner, has 24 per cent shareholding.

The 30-share index was trading 73.35 points, or 0.19 per cent, higher to 38,168.42. The gauge had gained over 1,420 points in the previous six sessions.

L&T will buy out Mindtree's largest shareholder VG Siddhartha and companies in which he is a promoter, following which an open offer will be sent to the public shareholders of Mindtree.

Co-founder & former CEO Subroto Bagchi is returning to Mindtree to ‘save the company’ from Larsen and Toubro Ltd. (L&T)'s 'hostile takeover'.

Institutional investment from abroad is especially significant as it not only is fruitful for equities but also for the currency.

In addition to gains from rupee and oil fluctuations, experts have said that India is likely to benefit from strong liquidity and reversal in FII flows, and the FED interest rate.

The local unit opened weak at 69.75 at the interbank forex market, then fell further to 69.78 down 24 paise over its last close.

District consumer dispute redressal forum president Omprakash Sharma and member Atul Jain said on Tuesday that the recovery of the worm in the soft drink bottle amounted to deficiency in service.

Crisis-hit Jet Airways has not paid salaries to its pilots, engineers and other senior management for more than three months now.

Rajan said he believes that capitalism is breaking down because it is not providing equal opportunities.

In a letter to the Gulf-based carrier's group chief executive Tony Douglas, Goyal also said the airline has also secured the go-ahead from the aviation ministry to pledge its shares in JetPrivelege for securing the interim funding.

The rupee on Wednesday had strengthened by 21 paise to close at 70.28 against the US dollar.

The home loan provider has been under scrutiny since investigative media outlet Cobrapost alleged in January that loans from state-run lenders were diverted by Dewan Housing to shell companies, including those linked to its controlling shareholders.

After the Punjab National fraud, which came to light in February 2018, the RBI has been tough on banks to tighten all kinds of transactions. On Monday, RBI had imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of Ind...

The company said it was making all efforts to minimise disruption to its network due to the grounding of these planes and was pro-actively informing and re-accommodating its affected guests.