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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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FM rolls back enhanced surcharge on foreign investors; auto, home loans cheaper sector

23 Aug 2019 | 10:28 PM

New Delhi, Aug 23 (UNI) Stressing that reform is on top of the Narendra Modi-led government’s agenda, Union Finance Minister Nirmala Sitharaman on Friday announced a slew of measures in an attempt to give a fillip to the economy.

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Govt's package to revive economy eyewash: AIBEA

23 Aug 2019 | 10:10 PM

Aurangabad, Maharashtra, Aug 23 (UNI) General Secretary of Maharashtra State Bank employees Federation and Joint Secretary of AIBEA Devidas Tuljapurkar said on Friday that measures announced by Finance Minister Nirmala Sitharaman to revive economy is nothing but reiterating existing policy framework which banks are already implementing.

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Interactive meet on “Code on Wages 2019” held at FTCCI in Telangana

23 Aug 2019 | 9:36 PM

Hyderabad , Aug 23 (UNI) Experts and academician from Industry and the Government welcomed the new initiative 'The Code on Wages 2019' which would help to ease doing business besides improving efficiency, at an interactive meet held at Federation of Telangana Chambers of Commerce and Industry( FTCCI ), here on Friday.

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Bombay HC judgment is a ‘Signature of God’: Jignesh Shah after winning case

Bombay HC judgment is a ‘Signature of God’: Jignesh Shah after winning case

23 Aug 2019 | 9:35 PM

Mumbai, Aug 23 (UNI) A day after the Bombay High Court nullified the attachment of 63 Moons Technologies’ bank accounts and properties worth Rs 8,500 crore, company’s promoter Jignesh Shah on Friday said that the judgment was a “signature of God” in the current trend of developments.

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AirAsia offers 20 pc off on all filghts in Telangana

23 Aug 2019 | 9:22 PM

Hyderabad, Aug 23 (UNI) AirAsia, the most preferred low cost carrier on Friday announced a limited period discount of 20 per cent for all its guests on all seats, all flights and all destinations, an official statement said on Friday.

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