Jet Airways pilots threaten to stop flying from April 1, set March 31 deadline on bailout, salaries
NEW DELHI: The umbrella body of the domestic pilots of the nearly crippled Jet Airways on Tuesday threatened to stop flying from April 1, if the resolution plan is delayed and salary dues are not cleared by the end of this month. The decision was taken at the annual meeting of Jet Airways domestic pilots […]
Will support Pakistan’s territorial integrity: China
BEIJING: China on Tuesday told the international community not to target Pakistan following the Pulwama suicide bombing in Kashmir and said it will stand by Islamabad during testing times and firmly support its sovereignty and territorial integrity. The two long-standing allies at a meeting of Foreign Ministers Wang Yi and Shah Mehmood Qureshi discussed the […]
Hotel Leela Venture to sell hotels, property to Brookfield for Rs 3,950
NEW DELHI: Hotel Leela Venture will sell four of its hotels and a property to a fund sponsored by Canada’s Brookfield Asset Management for Rs. 3,950 crore ($576.41 million), as part of its restructuring, it said on Monday. The company will sell four Leela hotels at Bengaluru, Chennai, Delhi and Udaipur and its property in […]
Debt-hit Jet Airways grounds more planes, taking total to 41
NEW DELHI: Jet Airways said on Monday it has grounded four more planes and would delay paying interest on maturing debt in a fresh sign of deepening liquidity crisis engulfing the carrier saddled with over $1 billion debt. The country’s second-largest carrier has delayed payments to its pilots, suppliers and lessors for months and defaulted […]
RCom pays 458.77 crore to Ericsson; Anil Ambani wards off possible jail term
NEW DELHI: A day before the expiry of Supreme Court set deadline, Reliance Communications (RCom) Monday paid Rs 458.77 crore to Swedish telecom equipment maker Ericsson, clearing outstanding dues and fending-off a possible jail term for its billionaire Chairman Anil Ambani. Sources close to RCom said the payment was made to Ericsson Monday evening, a […]
India to soon start selection process for new PFRDA chairman
NEW DELHI: The government of India will soon start selection process for a new chairman of pension fund regulator PFRDA to succeed the present chief, Hemant G Contractor, whose term is slated to end in April. “The Finance Ministry will soon come out with an advertisement to find a successor to head the Pension Fund […]
Tamil Nadu wooing HAL to set up manufacturing unit at Salem
By Roopshree Nair CHENNAI: The Tamil Nadu government is impressing upon Hindustan Aeronautics Limited (HAL) to set up a manufacturing unit at Salem as the state has been chosen for establishing the Centre’s ambitious defence corridor, a senior official has said. The move is a part of the ‘Make in India’ programme to catalyse indigenous […]
RBI Governor to hold pre-policy meet with trade bodies, rating agencies on March 26
NEW DELHI: Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and steps to boost economic activities, said sources. The meeting, which comes ahead of the next financial year’s first MPC meet scheduled for April 4, is aimed […]
Jet Airways pilots seek government help to recover dues
NEW DELHI: Cash-strapped Jet Airways pilots’ union has written to the government, seeking its help in recovering their pending salaries along with the accumulated interest. Jet Airways currently has 1,900 pilots on its rolls. In a letter written to Minister of Labour and Employment Santosh Gangwar, the National Aviators Guild (NAG), which represents the majority […]
Yamaha MT-15 launched in India
NEW DELHI: India Yamaha Motor unleashed the all new MT-15 (155 cc) in India during a launch program at Buddh International Circuit (BIC), Greater Noida. The new MT-15 (155 cc) mounts a liquid-cooled, 4-stroke, SOHC, 4-valve, 6-speed transmission, 155cc fuel-injected engine along with Variable Valve Actuation (VVA) system on a Delta box frame. The new […]
BJP likely to release first list of Lok Sabha polls candidates on Saturday
NEW DELHI: The BJP is likely to release its first list of candidates for the Lok Sabha polls on Saturday, when its central election committee is scheduled to meet. The list will have the names of most of the candidates for the first phase of polling, which will be held on April 11 in 91 […]
Planys launches next generation ROV Mikros
NEW DELHI: Chennai-based submersible robotic inspection startup Planys Technologies has launched its most advanced remotely operated vehicle (ROV) Mikros. The new product is poised to offer superior underwater inspection solutions to process industries, petrochemical refineries and desalination plants. Supported under Bharat Petroleum Corporation Ltd’s (BPCL) start up scheme Project Ankur, Planys developed Mikros with BPCL […]
BSNL to clear February salary of employees by Friday
Public sector telecom firm BSNL will clear salaries of all employees for February month by Friday, its Chairman and Managing Director Anupam Shrivastava said Thursday. “BSNL will pay salary of all employees by tomorrow. We are thankful to telecom minister Manoj Sinha for his timely intervention to ensure that salaries of employees are paid at […]
Boeing supports action to temporarily ground 737 MAX operations
NEW DELHI: Boeing continues to have full confidence in the safety of the 737 MAX. However, after consultation with the U.S. Federal Aviation Administration (FAA), the U.S. National Transportation Safety Board (NTSB), and aviation authorities and its customers around the world, Boeing has determined — out of an abundance of caution and in order to […]
16 new routes for 50 metro feeder buses in Noida, Greater Noida
NOIDA: Beginning March 15, the Noida Metro Rail Corporation will introduce 50 low-floor, air-conditioned, disabled-friendly feeder buses across 16 new routes in Noida and Greater Noida, officials said on Tuesday. The new routes for the buses of the NMRC, which primarily operates the Aqua Line of the metro rail between the twin cities, will replace […]
M R Kumar appointed LIC chairman
NEW DELHI: M R Kumar was on Wednesday appointed the Chairman of Life Insurance Corporation of India (LIC), according to a Personnel Ministry order. Kumar was Zonal Manager (in-charge) of North Zone and will hold the post of the LIC Chairman for five years, it said. T C Suseel Kumar and Vipin Anand have been […]