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Jet stocks sink as investors react to suspension

Mumbai, April 18 (IANS) Jet Airways scrips tanked over 30 per cent on the BSE during the early trade on Thursday, after “temporary suspension of domestic and international operations” over the refusal of lenders to…

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Aviation regulator asks Jet Airways for revival plan

New Delhi, April 18 (IANS) India’s civil aviation regulator has asked Jet Airways to submit a “concrete and credible revival plan” to restart operations suspended by the debt-laden airline. “DGCA (Directorate General of Civil Aviation)…









US stocks fall as health care shares lag

New York, April 18 (IANS) US stocks ended lower as major health care shares declined, dragging the market. The Dow Jones Industrial Average on Wednesday decreased 3.12 points, or 0.01 per cent, to 26,449.54. The…


US dollar falls against major currencies

New York, April 18 (IANS) The US dollar fell against most other major currencies in the late trading on Wednesday. The dollar index, which measures the greenback against six major peers, decreased 0.03 per cent…


US stocks trade lower as earnings season continues

New York, April 18 (IANS) US equities turned negative around midday on Wednesday after an upbeat opening as investors continued to digest a batch of quarterly results amid the earnings season. The Dow Jones Industrial…


Jhunjhunwala doubts BJP getting majority

New Delhi, April 17 (IANS) Changing his earlier stance, billionaire investor and trader Rakesh Jhunjhunwala has said that the ruling BJP may not get a clear majority in the Lok Sabha elections. He, however, said…


Jet to suspend ops; Govt calls meeting

Mumbai, April 17 (IANS) Around 20,000 employees and passengers were hit hard as Jet Airways announced temporary suspension of all flight services from Wednesday night as it failed to secure interim funding for maintaining even…


Tatas looking for investment in J&K

Srinagar, April 17 (IANS) Jammu and Kashmir may soon see investments by Tata Group companies aimed at reviving the state economy and generating jobs for the local youth. A delegation of Tata Group officials headed…


Jet fails to get funds, to suspend operations

Mumbai, April 17 (IANS) Jet Airways announced that it has temporarily suspended all flight operations from Wednesday night as the airline failed to secure an interim funding for maintaining even bare minimum operations. The company’s…