Business

DGCA approves flight schedule of Jet Airways for five months

The flight schedule of crisis-hit Jet Airways has been approved by aviation regulator Directorate General of Civil Aviation (DGCA) for five months, a senior official said. Amid a financial turbulence, the airline has delayed salary payments to its staff. As many as 14 flights of the airline were on Sunday cancelled after some of the pilots reported "sick" over non-payment of their dues.
According to the DGCA official, approval has been given for the airline's flight schedule for five months, including December. This clearance was given in mid-November, he added.The winter schedule for airlines is from last Sunday of October till last Saturday of March.The watchdog monitors operations of an airline through a systematic procedure of surveillance, regulatory audits and spot checks.

Rupee falls 59 paise to 71.40 amid strengthening US dollar

The rupee depreciated 59 paise to 71.40 against the US dollar in early trade Monday at the interbank foreign exchange amid strengthening US dollar aga...

Direct tax collections surge 15.7 per cent to Rs 6.75 lakh cr in April-November

Gross direct tax collections surged 15.7 per cent to Rs 6.75 lakh crore for April-November, the finance ministry said Monday. Refunds worth Rs 1.23 la...

Sensex tumbles 714 points as exit polls show Congress-BJP neck-and-neck in state elections

Market benchmark Sensex buckled under heavy selling pressure Monday, plummeting 714 points as investors panicked over exit polls suggesting the Congre...

Non-Maintenance Of Minimum Balance: Penalty Charges By Top Banks

Banks have mandated regular saving bank account users to maintain a certain average monthly balance  in their accounts, failing which they have t...