Company Overview and News

An evening walk down Dalal Street | A volatile end to the week, Sensex falls 279 pts; DHFL tanks 45%

6h moneycontrol
A largely volatile day has come to a close, with indices ending the day on a negative note. However, they are off the day’s low points. The Nifty has managed to give up 11,200 in today’s trade. The Sensex has closed over 200 points lower.

Jet Airways crashes to 52-week low of Rs 225

8h thehindubusinessline
Jet Airways’ shares continued to fall for the second straight session on Friday, down 8 per cent, due to concerns over I-T officials conducting a survey of its premises.

GP Rai, Acting chairman, Mormugao Port Trust: Connectivity has to be rethought, and we have done that

Mormugao is Goa’s oldest port that is accorded major port status since 1963. Goa has faced some decline in industrial activity after the Supreme Court’s ban on mining since 2012. But the port is still quite relevant in the region. The deputy chairman of Mormugao Port Trust, Guruprasad Rai, who is also acting chairman of the company, outlines the challenges and growth plans of the port. Rai, who has a career spanning nearly three decades, talks to Pankaj Joshi and R N Bhaskar about his vision for the port.

Jet Airways says I-T officials conducting survey since September 19

10h livemint
New Delhi: Jet Airways on Friday said income-tax officials had been conducting the survey of its premises since September 19.

Jet Airways customer demands Rs 30 lakh compensation, 100 upgrades

11h moneycontrol
One of the five Jet Airways passengers who were sent to a city hospital for treatment, has demanded Rs 30 lakh in compensation, besides 100 upgrade vouchers, alleging lack of proper care by the airline, sources in the airline have said.

Jet Airways touches 52-week low after I-T inspects co#39;s books

12h moneycontrol
Shares of Jet Airways touched 52-week low of Rs 224.70, down 8 percent intraday Friday after Income tax investigation department conducted survey on companies premises.

Jet Privilege can actually get higher valuation than Jet Airways

14h livemint
Jet Airways (India) Ltd said it would monetize its 49% stake in Jet Privilege Pvt. Ltd, the frequent-flyer loyalty programme subsidiary. News reports suggest the associate company will be valued at ₹ 3,000-4,000 crore. While Jet Airways’ market capitalisation is about ₹ 3,000 crore, after adding its net debt, the airline’s enterprise value would be at ₹ 10,000 crore. That’s just about 0.4 times its consolidated revenue.

Civil Aviation Minister Suresh Prabhu orders safety audit of all airlines, airports

14h moneycontrol
Civil Aviation Minister Suresh Prabhu Thursday ordered a safety audit of all scheduled airlines and airports, amid recent incidents related to safety of passengers.

Jet Airways (India) Limited - News Clarification

14h nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.

Jet Airways mid-air horror: When a plane crashed on cabin pressure loss in Greece

New Delhi: More than 13 years ago, a Boeing aircraft crashed in a hilly terrain in Greece snuffing out 121 lives. A year later, investigators concluded that omissions in controlling cabin pressure was a key reason for the crash. On Thursday morning, the 166 passengers on board a Jet Airways flight might not have been aware about the incident that happened in Greece over a decade ago. But, they faced a similar situation as the cockpit crew “forgot” to control cabin pressure.

Worried Jet Airways lenders likely to seek faster loan repayments

15h livemint
Mumbai: A consortium of overseas lenders to Jet Airways (India) Ltd may ask the airline to expedite the repayment of loans worth $150 million amid its deteriorating financial health, two people directly aware of the matter said, requesting anonymity. A letter on behalf of the lenders was sent by Dubai-based Mashreq Bank to Jet Airways on Monday seeking a detailed response by 24 September. Mashreq Bank was the arranger to the loan.

Passengers suffer nosebleeds after aircraft loses cabin pressure

Dozens of passengers on an Indian domestic flight have complained of nosebleeds and ear pain when the aircraft suddenly lost cabin pressure after leaving Mumbai.

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