New Delhi, April 29 (IANS) Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a consortium of employees and external investors to bid for the company’s management control.
Dhaka, April 28 (IANS) Bangladesh and the Asian Development Bank (ADB) have jointly reviewed the implementation progress of ADB-assisted projects to further improve development results.
New Delhi, April 28 (IANS) Air India has suffered losses of around Rs 300 crore since late February as its long haul flights from New Delhi are taking longer to reach destinations in Europe, the Gulf and the US because of the closure of Pakistan’s airspace.
New Delhi, April 28 (IANS) Just when the industry through innovation in the smartphone business had hit stagnation, Samsung wowed us with its first foldable device “Galaxy Fold,” worth a whopping $2,000.
New Delhi, April 27 (IANS) Former Union Minister Ajay Maken on Saturday accused the BJP government of doing injustice to government employees, saying that the Modi government gave the worst recommendations in the seventh pay commission.
New Delhi, April 25 (IANS) The Ministry of Corporate Affairs is ready to strike against Deloitte Haskins and Sells in the murky IL&FS case. IANS learns that MCA has taken an aggressive view over malpractices by Deloitte over the last decade which have led to papering over the large cracks in its finances. Misrepresentation, cooking of books by auditors and malafide practices with respect to the web of subsidiaries are at the kernel of Deloitte’s architecture for IL&FS for which MCA will disbar them.
New Delhi, April 25 (IANS) With SEBI stopping the Hotel Leelaventure takeover bid in its tracks, several questions have cropped up. A combination of two minority investors — ITC and LIC — jointly owning a tad over 10 per cent petitioned both NCLT and SEBI to prevent this takeover from going ahead, citing oppression and mismanagement against the company. IANS now learns that a Middle Eastern billionaire along with an Indian arms dealer had jointly bid for Leelaventure company and their bid at $600 million was higher than any other bid.
Colombo, April 25 (IANS) Sri Lanka’s Tourism Ministry said on Thursday that it has kept its new visa-on-arrival programme on hold until further notice due to the security situation in the island nation following the Easter Sunday bombings.
New Delhi, April 25 (IANS) National carrier Air India on Thursday said that no fire incident took place aboard one of its Boeing 777 aircraft stationed at the IGI airport here.
San Francisco, April 25 (IANS) Facebook is upbeat on the growth of digital payments in India and is actively working on launching WhatsApp Pay soon, CEO Mark Zuckerberg has said.