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Jet Airways chairman Naresh Goyal steps down, banks take control: 10 updates

Jet Airways Chairman Naresh Goyal will exit from the board, following which his stakes would be reduced in the cash-strapped airline. According to Jet Airways, the banks, led by State Bank of India..
DNA - Published

Sensex sinks 355 points tracking global sell-off

Benchmark Sensex spiralled lower for the second straight session Monday and cracked below the key 38,000-mark, with banking and realty counters taking the biggest hit amid a global sell-off triggered..
DNA - Published

Jet Airways: Chairman Naresh Goyal quits

Jet Airways' Chairman Naresh Goyal and his wife will step down from the airline's board, TV news channels reported on Monday, as the cash-strapped Indian carrier closes in on a rescue deal led by..
DNA - Published

Air India withdraws boarding passes after criticism over PM Modi, Gujarat CM on them

Air India has decided to "roll back" its boarding passes bearing photographs of Prime Minister Narendra Modi and Gujarat Chief Minister Vijay Rupani after they came in for criticism.
DNA - Published

Jet Airways crisis: Naresh Goyal, wife Anita likely to resign today

Jet Airways Chairman Naresh Goyal might resign today. According to media reports, the board wanted Naresh Goyal, Wife Anita Goyal, Whole Time member Gaurang Shetty and Naseem Zaidi to quit, in return..
DNA - Published

Nirav Modi approaches Bombay High Court to stop auction of 68 paintings

The 48-year-old was arrested by Scotland Yard last week and presented before District Judge Marie Mallon at Westminster Magistrates' Court in London .
DNA - Published

Need money urgently? Here are some options

If you don't have family or friends to fall back on, you can choose from a range of secured or unsecured loans from banks and NBFCs
DNA - Published

Share wealth in a form your heirs are comfortable with

If that means investing his wealth in financial instruments like fixed deposits, stocks, mutual funds, etc, then so be it
DNA - Published

Franklin India Prima Fund: Fund offers opportunity for capital appreciation

The fund's month-end AUM jumped over 1.5 times from Rs 3,705 crore in March 2016 to Rs 6,491 crore in February 2019
DNA - Published

INVESTMENT: Smart options to park short-term money

Arbitrage funds, too, haven't caught the attention of investors, despite being an effective and tax-efficient option
DNA - Published

Keep a varied investment portfolio: Deep Dasgupta

My investment choice is pretty much old school, predominantly in real estate
DNA - Published

Gold imports lose shine, fall $29.5 billion in Apr-Feb

$31.2 bn - Total imports in the corresponding period of 2017-18
DNA - Published

The cost of flying high

Domestic airline industry has seen businesses of many operators come close to shutdown or just crash. Most airline insiders believe turbulence in the sector is caused by a fundamentally flawed cost..
DNA - Published

Electric bikes may get costlier under new FAME regime

Two-wheeler manufacturers and component makers have been holding meetings with the government officials including those from Niti Ayog and transport ministry
DNA - Published

Hind Glass says will repay Rs 2,500 crore loan by April

Singapore-based investors are pumping in Rs 1,200 crore into the firm
DNA - Published

Mudra loans benefit 4.8 cr, meet 85% target so far

Of these, three crore were women beneficiaries
DNA - Published

Banks plan to invite bids for Jet Airways, Tatas may be back in the fray

Etihad will have to agree to sell its entire stake if it does not bring in new capital
DNA - Published

Trai may regulate OTT firms such as WhatsApp, Skype lightly

The first open house session is scheduled for today and the recommendations are likely to come out by May
DNA - Published

CG Vyapam Recruitment 2019: Apply online for 14,580 teaching jobs at cgvyapam.choice.gov.in; Check details

Chhattisgarh Professional Examination Board has released an official notification to fill a total of 14,580 job vacancies.
DNA - Published

Rs 3 lakh crore private power investment at risk as discoms delay payments

As much as Rs 3 lakh crore of investment in a dozen power plants of the private sector is at risk of turning into NPA as states buying power have not been making payment for months, official data and..
DNA - Published

Back on the road: Karnataka lifts 6-month ban on Ola

On Friday, March 18, the Regional Transport Department had issued a notice to ANI Technologies, Ola's parent company, asking it to suspend its app-based cab services in the city.
DNA - Published

Tata Motors to hike passenger vehicle prices by up to Rs 25,000

Tata Motors on Saturday said that it will increase prices of its passenger vehicles range by up to Rs 25,000 from April
DNA - Published

Jet Airways suspends services to 13 more int'l routes, grounds 54 aircrafts in total

Jet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more international routes till end-April
DNA - Published

Ola cabs banned in Bengaluru for six months after Karnataka govt suspends license for operating bike taxis

Ola termed the suspension of its license "unfortunate" saying that it halted "bike taxi experiment" weeks ago.
DNA - Published

February makes flight traffic shiver...

But records a 7.42% rise from last year's winter
DNA - Published

Reliance Jio offer: How to get Rs 2,200 cashback & 100 GB data

Reliance Jio is back with yet another attractive offers. The newly announced Xiaomi Redmi Go will be available with an attractive cashback and additional data.
DNA - Published

Monetary Policy Committee to meet six times during 2019-20: RBI

The first meeting of the six-member MPC to decide on the first bi-monthly monetary policy statement for 2019-20 will be held from April 2 to 4
DNA - Published

Infosys to invest $10 mn in California-based The House Fund II

The transaction is expected to be completed before the first quarter of the financial year 2019-20
DNA - Published

RBI again defers Indian Accounting Standards implementation by banks

Earlier in April 2018, the central bank had postponed the implementation of the Indian Accounting Standards (Ind AS) by the banks by one year
DNA - Published

Job growth in formal sector touches 17-month high: EPFO data

The addition in January was 131% higher as compared with 3.87 lakh EPFO subscribers added in the year-ago month. In September 2017, a net of 2,75,609 jobs were created.
DNA - Published

Prices in fusion wear segment have seen significant correction, says Ajay Kapoor

Interview with president-retail, Fabindia
DNA - Published

DNA Money Edit: Digital India takes the country road

What is more exciting is that the Net is now more gender-balanced than ever before
DNA - Published

DNA EXCLUSIVE: Maharashtra government receives investment proposals of Rs 11,500 crore

These investors are looking for suitable land parcels in Aurangabad, Raigad and Talegaon industrial estates
DNA - Published

Indian firms' appetite for dollar bonds stay upbeat

$4.84 bn - Funds raised through dollar bond market so far this year
DNA - Published

YES Bank, Bank of Baroda and Sun Pharma to be in centre-stage today

Further development on the political front, will provide some direction to the market
DNA - Published

Marathon, Adani Realty JV secures Rs 500 cr funding for second luxury project

The JV is eyeing a revenue of around Rs 2,500 crore from this project
DNA - Published

Matix promoters race against time to prevent bankruptcy

Matix promoters say they would be able to arrange fresh loans to repay old debt only after the plant starts operations with resumption of fuel supply
DNA - Published

Suzuki, Toyota partnership to cross-sell products in India, abroad

Toyota to sell Suzuki's India-produced vehicles in African markets, while the former will supply HEV technologies in India to Maruti
DNA - Published

Rupee below 70/$ to be antidote for oil at $70/ bbl

CRUDE SHOCK: Economists project current account deficit at 2.4-2.5% of GDP for the current fiscal, it has shot up to 2.9% in the second quarter
DNA - Published

Lenders drag road developers to NCLT, push for asset sales

Around 15% of the total operational build-operate-transfer road assets are struggling due to mismatch in cash flows
DNA - Published

West Bengal, Maharashtra lead in small savings

Further, Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh account for about 30% of the country's total small savings kitty
DNA - Published

Lenders ask Jet Airways's Naresh Goyal to prune stake below 10%

Banks ask promoter to exit Board in last-ditch effort to save airline from being grounded
DNA - Published

PNB Fraud: Not a very Happy Holi for Nirav Modi in UK jail

The 48-year-old was arrested by Scotland Yard on Tuesday and presented before District Judge Marie Mallon at Westminster Magistrates' Court in London on Wednesday.
DNA - Published

IndiGo continues to recruit expat 'out-of-job' pilots

William Boulter, Chief Commercial Officer of IndiGo, said on Wednesday here, "We continue to engage in recruitment efforts both for expats (pilots) and for the pilots who might be out of job in India..
DNA - Published

Jet Airways' pilots fear 'airline on verge of collapse', write to PM on non-payment of salaries

The airline is reportedly down to operating 150 flights a day from 450 at full capacity with a third of its 12-plane fleet grounded
DNA - Published

Gujarat: Bank NPAs rise by 70% in 3 years

Bad loans for Oct to Dec 2018 stands at Rs 38,520 cr; rise of 9.37% in 3 quarters of 2018-19
DNA - Published

FIIs sell $844 million of bonds in February

Even as India witnessed fund outflows in February, elsewhere in Asia foreign investors were net buyers in the bond market.
DNA - Published

Sensex up, Nifty down in listless trade

Extending gains for the eight straight sessions, the Sensex ended the session, rising 23.28 points, or 0.06%, to close at 38386.37.
DNA - Published

Vodafone Idea sets rights issue at Rs 12.50 per share

Issue is priced at a massive discount of 61% to Tuesday's closing price
DNA - Published

Nirav Modi arrested in London, to remain in custody till March 29

Modi was produced before the Westminster Magistrates' Court which refused him bail and remanded him in custody till March 29.
DNA - Published

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