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Business Economy


DGCA monitoring Jet Airways after grounding of aircraft

New Delhi, Jan 31 (UNI) The Director General of Civil Aviation is keeping a hawk’s eye on the flight schedules of debt laden airline Jet Airways and sought its winter schedule chart from the company.
The aviation watchdog has also asked the company to submit it the measures it has taken to ensure the flight take off according to their scheduled timings, an official said here.
The airline gives the DGCA its schedules in two parts — winter schedule from October-end to March-end and summer schedule from March-end to October-end.
The official said the DGCA has taken a firm stand on security and has not allowed the airline to cut its cost in either regular checking or aircraft’s repair and maintenance.
It is notable that around four of Jet’s aircraft were grounded due to which a number of flights were cancelled on Tuesday and Wednesday. Later, the company in a statement that The aircraft temporarily grounded for the engine normalisation exercise and would rejoin the scheduled operations on Friday.

The airline has loans of over ₹8,400 crore, with SBI being its biggest lender. SBI’s exposure is said to be close to ₹2,000 crore.
Earlier this month, the debt-hit airline had defaulted on its payment to a consortium of banks led by the State Bank of India.
UNI SW SNU 1645
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UWIC collaboration with Japan-based Aluminum window brand YKK

23 Jan 2020 | 9:50 PM

Hyderabad, Jan 23 (UNI) Hyderabad-based UWIC, a group of new-age professionals, who are inclined toward matchless innovation in building materials and construction practices, has collaborated with the leading Japanese Aluminum system window brand YKK, to grab Aluminum windows and doors market in the country.

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J&K Taxes Department set to register 20 pc growth in tax collection by 2019-20 end

23 Jan 2020 | 9:43 PM

Jammu, Jan 23 (UNI) Jammu and Kashmir Taxes Department is all set to register 20 per cent growth in tax collection by the end of financial year 2019-2020.

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Cisco Lauded by Frost & Sullivan for Dominating the IP Hardware Communications Endpoints Market with its Innovative Technologies

23 Jan 2020 | 9:16 PM

Cisco offers customers best-of-breed data networking solutions, IP communication systems, and next-generation unified communications and collaboration solutions
SANTA CLARA, California, Jan 23, 2020 /PRNewswire/ - Based on its recent analysis of the global IP hardware communications endpoints market, Frost & Sullivan recognizes Cisco Systems with the 2019 Global Market Leadership Award. Cisco's robust growth strategy and implementation effectiveness, innovative portfolio, tight customer focus, and strong brand recognition have enabled it to acquire a revenue share of 31.2 percent, 20.6 percentage points ahead of its closest competitor.

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Applitools Announces Winners of the Global Visual AI Rockstar Hackathon

23 Jan 2020 | 9:15 PM

More than 3,000 applicants competed to win 100 cash prizes and to be recognized as the top functional and visual test automation engineers on the planet
SAN MATEO, California, Jan 23, 2020 /PRNewswire/ - Applitools, the leading provider of Intelligent Functional and Visual Testing Through Visual AI, today announced the 100 winners and 10 Grand Prize winners of the Global Visual AI Rockstar Hackathon (applitools.com/hackathon). The hackathon's objective was to see which of the participants could comprehensively catch and fix functional and visual bugs using both their preferred code-based approach and Visual AI.

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Yeddiyurappa launches curtain raiser of Invest Karnataka 2020 at WEF in Davos

23 Jan 2020 | 9:08 PM

Davos, Jan 23 (UNI) Chief minister BS Yediyurappa launched the curtain raiser of Invest Karnataka 2020, the global investors met, to be held in Bengaluru on November 3 to 5.

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