Jet Airways CEO Vinay Dube (File Photo/IANS)

Jet saga: Now lookout notice against airline’s former CEO Vinay Dube

New Delhi: Not just Jet Airways’ former Chairman Naresh Goyal, but even its former Chief Executive Vinay Dube has been barred from leaving India, as a probe into the financial irregularities in the running of the grounded airline continues. The Ministry of Corporate Affairs (MCA) has issued a lookout circular against Dube, similar to the one […]

Jet Airways promoter and founder Naresh Goyal (File Photo/IANS)

Various agencies probing Jet; thwarted Goyal’s trip abroad

New Delhi:  Multiple agencies are looking into Jet Airways’ former promoter Naresh Goyal’s alleged role in financial irregularities in the running of the grounded airline. According to highly placed sources, multiple agencies, including the Serious Fraud Investigation Office (SFIO), are probing Goyal’s role in siphoning off loan amounts raised on behalf of Jet Airways to […]

Picture for Representational purpose only (IANS)

Estate tax, cash transaction tax mooted to fight black money

New Delhi:  Emboldened by bigger mandate, Prime Minister Narendra Modi is all set to intensify the fight against black money. Among measures to clamp down on graft and ill-gotten wealth, the government may consider re-introducing an estate tax on inherited property and banking cash transaction tax (BCTT). The suggestions are being discussed by tax authorities […]

Jet Airways promoter and founder Naresh Goyal (File Photo/IANS)

Naresh Goyal, wife offloaded from London flight

Mumbai:  Former Jet Airways chief promoter Naresh Goyal and his wife Anita were offloaded from a London-bound flight and barred from leaving India this morning by immigration officials, sources said here on Saturday. The duo had boarded the Emirates EK-507 flight and the aircraft was recalled after it had already reached the taxiway and preparing […]

Anil Ambani (File Photo/IANS)

Anil Ambani’s Reliance to withdraw defamation cases against Congress, National Herald

Ahmedabad:  The Reliance Group, led by Anil Ambani, on Tuesday announced its decision to withdraw the Rs 5,000 crore civil defamation suit, filed in a court here, against Congress leaders and the National Herald newspaper over their statements and an article on the controversial Rafale fighter jet deal. The court of city civil and sessions […]