Business

Naresh Goyal, his wife Anita Goyal to exit Jet Airways today

Jet AirwaysNSE founder and principal promoters Naresh Goyal, and his wife Anita Goyal will today step down from the board and leave the airline they founded nearly 25 years ago, ET Now learns exclusively from sources. The formal announcement on the Goyals exit is expected later today. 

Naresh Goyal is in London, and may address all 23,000 employees of Jet from there. 
he current CEO Vinay Dube is expected to stay on and steer Jet out of the current crisis. Jet's lenders consortium may invoke the entire 51% stake of Naresh Goyal in the airline, and start looking for a new buyer in the weeks to come. 

Sebi issued forty seven warning letters to open-end investment company homes in 2018-19

Sebi issued forty seven warning letters to open-end investment company homes within the last twelvemonth, and also the watchdog in consultation with t...

India, United Kingdom of Great Britain and Northern Ireland found out three new bilateral trade operating teams

India and also the United Kingdom of Great Britain and Northern Ireland have in agreement to line up 3 new bilateral operating teams to tackle barrier...

Cheap fuel cost reduced India's WPI by 2.02%

Lower prices of key transportation fuels along with manufactured items eased India's annual rate of inflation based on wholesale prices to 2.02 per ce...

As IndiGo faces turbulence, regulators intensify scrutiny of governance lapses

With promoter spat heightening at the country's largest airline IndiGo, markets watchdog Sebi and also the company affairs ministry have started dig d...