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 […]
Category: Business
GDP Q4 growth slumps, Govt says Q2 will see revival
New Delhi: India’s economy grew at a much-lower-than-expected 5.8% in the January-March period, slowest in past 17 quarters, which the government said is due to some temporary factors like NBFC sectors liquidity crunch. India’s GDP growth has now slipped to 5.8% in Q4 after growing 6.6% in the third quarter, 7% in second and 8% […]
Post-polls, unemployment rate officially stays 45-year high
Mumbai: he Statistics Ministry on Friday released the official unemployment figure, at 6.1 per cent, a 45-year high in the 12-month period from July 2017 to June 2018. Earlier this year, a report citing National Sample Survey Office’s periodic Labour Force Survey (PLFS) data, the publication of which was withheld, also revealed similar unemployment statistics […]
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 […]
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 […]
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 […]
Jet saga: Naresh Goyal, wife stopped from travelling abroad
Mumbai: Former promoter of Jet Airways Naresh Goyal and his wife Anita Goyal were on Saturday stopped by immigration officials at the Mumbai airport from flying abroad. Published on: May 25, 2019 at 19:28 IST IANS
Airtel, Vodafone lose 30 mn users in March, Jio adds 9.4 mn
New Delhi: Mobile subscriber base of Vodafone Idea and Bharti Airtel declined by nearly 14.5 million and 15.1 million respectively, totalling nearly 30 million subscribers as of March over the previous month, while Reliance Jio added 9.4 million users, according to the TRAI data. Except Jio, all telcos have lost subscribers in March. India’s total […]
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 […]
Paytm Mall hit with Rs 5-10 crore cashback fraud
New Delhi: Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs 5-10 crore. The fraud was detected through a tool that the company developed in partnership with global professional services firm EY (formerly Ernst and Young), said a Paytm Mall spokesperson. He said Paytm […]