Money

Business and Finance

ED summons former ICICI Bank CEO Chanda Kochhar, husband, brother-in-law

This is in connection to the alleged irregularities and corrupt practices in the sanction of a Rs 1,875 crore loan disbursed by ICICI Bank to the Videocon Group during 2009 and 2011.

Health-tech startup mfine raises $17.2 mn in Series B funding led by SBI Investment

With this fresh funding, mfine plans to solidify its leadership position in delivering an AI-driven, on-demand healthcare service across India.

Prospective Jet Airways investors demand write-offs on Rs 11,000 cr debt to lenders

Etihad Airways has reportedly asked the lenders to take an 80% haircut on their debt for it to make a bid.

SpiceJet signs code-share agreement with Emirates, to start new international routes

The agreement is set to open new routes and destinations for passengers travelling between India and popular destinations across America, Europe, Africa and the Middle East.

Avg airfares up 10-15% post Jet Airways shutdown, non-metro routes see higher fares

But with SpiceJet, IndiGo and Air India adding additional capacity, the fare levels could come down in the coming weeks.

SpiceJet hires 500 pilots, cabin crew mostly from Jet Airways

SpiceJet said on Friday that as it expands, it is giving first preference to those who have recently lost their jobs due to the unfortunate closure of Jet Airways.

Jet Airways issues gag order to employees fearing impact on stake sale

The gag order advises employees from speaking with external stake holders, especially the media.

Jet Airways staff blames government, lenders for crisis

Hundreds of airline staff from across departments gathered at the Jantar Mantar in Delhi to appeal the government to do 'something' to revive the carrier.

Had a booking with Jet Airways? Here’s what you can do

Jet Airways is offering a refund for all passengers affected by the suspension of flight operations.

50 lakh Indian men lost jobs lost between 2016-18, Azim Premji University report

The study notes that many of India’s unemployed are the young, or have a degree.