Officials say ‘No scope for Jet’s revival’, even as employees celebrate its 26th b’day

As Jet Airways turned 26 on Sunday, hundreds of employees of the now-shuttered airline gathered at the Delhi airport continuing with their pleas for saving the carrier. However, according to news reports, two senior finance ministry officials said today the NDA government sees little hope of a bidder emerging for debt-laden Jet Airways Ltd.
Continue Reading

Alibaba shifts focus to smaller deals and reviewing potential investment areas in India

Chinese e-commerce major Alibaba is re-evaluating its strategy for the India market after making disappointing investments in Snapdeal and Paytm Mall, according to reports. Continue Reading

Green certificate sales drops 65% in April compared to same period last year

The sales of renewable energy certificates dropped by about 65 per cent to 3.68 lakh units in April as compared to 10.62 lakh in the same month last year due to lower supply, according to official data. Continue Reading

SC seeks Ambani’s response on Ericsson’s contempt petition 

he Supreme Court on Monday issued notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues. A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks.  Continue Reading