Page 16 - Jet Airways

ED finds gaps in State Bank of India audit of grounded Jet Airways

The probe agency is now planning to conduct an independent audit on Jet

Dutch court administrator, Jet Airways' RP agree to cooperate in insolvency

Jet is facing insolvency proceedings in the Netherlands, which is a regional hub for the Euro operations of the airline

Dutch administrator, Jet Airways' RP agree to cooperate in insolvency

The appellate tribunal has asked both parties to file their terms and conditions by Monday

Synergy Group in talks with lenders, govt on grounded Jet Airways revival

A source privy to the development said the group's representatives were planning to meet aviation ministry officials this week before taking a call on whether to send a team for detailed due diligence

Will Mr Naresh Goyal get lucky once again?

It's anybody's guess whether investigating agencies would be able to pin Naresh Goyal down this time

Fly with caution

With growth hitting a new low, the Indian aviation sector needs to tread carefully

Enforcement Directorate grills Naresh Goyal over diversion of Jet funds

The enforcement agency is probing Goyal's offshore investments which were made through diversion of funds from Jet Airways to 19 shell companies allegedly managed by him

Top 10 biz headlines: External benchmarking of rates, GST cut mooted & more

From RBI making it mandatory to link all fresh retail loans to an external benchmark to the FinMin crunching numbers to estimate revenue loss from GST rate cuts, here are today's top business news

Synergy Group, RA Treasury make the cut for reviving defunct Jet Airways

Avantulo Group and RA Treasury were the first ones to submit their intent

NCLAT directs Jet Airways IRP, Dutch court administrator to coordinate

NCLAT also asks interim resolution professional to submit copy of draft agreement in two weeks, to hear matter on Sep 20

Jet creditors to recover only $300-$400 mn in liquidation scenario: Report

"The expected recovery on owned planes and real estate is $300-400 million after repaying debt tied specifically to those assets," said one of the sources

Top 10 biz headlines: Core sectors growth slows, no new Jet suitor & more

From a spurt in cement production and slower contraction in energy segment pulling up growth in 8 core sectors to 2.1% in July to Jet failing to find a new suitor, here is today's top business news

Jet fails to find new suitor, further deadline extension for EoI unlikely

Avantulo, Russian fund and Synergy Group are the three bidders

Jet Airways fails to attract new bidders, deadline unlikely to be extended

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Top 10 biz headlines: FDI reforms, Synergy Group eyes 49% Jet stake & more

From the govt easing FDI norms for single-brand retail, digital media, and manufacturing to Synergy Group planning to pick up 49% stake in Jet Airways, here are the top business headlines for Thursday

After EOI submission, Synergy Group eyes 49% stake in Jet Airways

Govt norms mandate that substantial ownership and effective control of an airline must rest with Indian citizens

Letters to BS: Naresh Goyal not as naive as he is projecting himself to be

The ED has taken possession of various incriminating documents

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Jet Airways crisis: Lenders extend expression of interest deadline again

The lenders have given in-principal nod for the extra sum but will have to approve it through a vote this week

Top 10 biz headlines: Jobs galore for techies, Jet lenders meet and more

From record hiring in IT industry to rising smartphone shipment to India, here are the top business headlines for Monday