JetLite CEO resigns
Budget carrier, JetLite's Chief Executive Officer, Maunu von Lueders, resigns from his post. A Finnish national, Lueders, was appointed the CEO on April 5 this year.
By HT Correspondent | PTI, Mumbai
UPDATED ON JUL 17, 2008 05:03 PM IST
Budget carrier, JetLite's Chief Executive Officer(CEO), Maunu von Lueders, has resigned from his post.
Lueders, who was appointed the CEO on April 5 this year, put in his papers some time back.
"I have been discussing the issue with the management for quite some time. I have completed my assignment," Lueders told PTI in Mumbai on Thursday.
JetLite is a part of the Naresh Goyal-spearheaded Jet Airways group. Jet had acquired Air Sahara and had rechristened it as JetLite, making it a wholly-owned subsidiary of Jet Airways.
The integration process (following the acquisition) was much deeper now and so he did not have much of a role to play in the current situation, he said.
Lueders, however, did not specify the exact date of his departure from the company. It is not decided, whether it will be August or September..., he said.
A Finnish national, Lueders had taken up the assignment after his predecessor Garry Kingshott completed his contract with JetLite.
"I am not leaving for taking up some other assignment," the JetLite CEO said, adding, "I am not here to build a career. My career is behind me."
Virus fears return to haunt markets
By Nasrin Sultana, Mumbai
PUBLISHED ON JAN 16, 2021 08:56 AM IST
The BSE Sensex fell 549.49 points, or 1.11%, to 49,034.67, while the Nifty shed 161.90 points to 14,433.70. Shares in other Asia-Pacific regions were mostly lower. South Korea’s Kospi fell the most at 2.03%, while Japan’s Nikkei shed 0.62% and the Topix index 0.89%.
HCL Tech Dec qtr profit jumps 27% to Rs.3,982 crore
By Nandita Mathur, New Delhi
PUBLISHED ON JAN 16, 2021 08:55 AM IST
The strong performance prompted HCL Tech to lift its revenue forecast for the March quarter. It expects revenue during the quarter to grow 2-3% in constant currency terms, up from its previous estimate of 1.5-2.5%.
India’s trade deficit at 25-month high in Dec
By HT Correspondent | Livemint, New Delhi
UPDATED ON JAN 16, 2021 04:33 AM IST
India’s merchandise trade had been weakening even before the pandemic hit the economy and external demand. Since March 2020, both exports and imports started declining in high double digits, even temporarily leading to a trade surplus in June for the first time in 18 years.
How to check income tax refund status online. Read here
By hindustantimes.com | Edited by Shankhyaneel Sarkar, Hindustan Times, New Delhi
PUBLISHED ON JAN 15, 2021 11:37 PM IST
- Income tax refund (ITR) status can be checked on the National Securities Depository Limited (NSDL) website as well as on the income tax department’s e-filing site.
US industrial production jumps 1.6 per cent in December
AP
UPDATED ON JAN 15, 2021 11:19 PM IST
The December gain in industrial output followed a 0.5per cent increase in November and a 1 per cent increase in October, the Federal Reserve reported Friday.
Signal sees global outage, company says 'working hard to restore service'
Written by Meenakshi Ray
UPDATED ON JAN 15, 2021 11:18 PM IST
Site status tracker DownDetector showed there were 2,167 reports about the issue as users reported they could open the app and send messages but were being delivered later.
Messaging app Signal experiencing technical difficulties
Reuters
UPDATED ON JAN 15, 2021 10:48 PM IST
Signal has seen a rise in downloads following a controversial change in rival messaging app WhatsApp's privacy terms, which required WhatsApp users to share their data with both Facebook Inc and Instagram
Bengaluru emerges as world’s fastest growing tech hub, London second: Report
PTI, London
PUBLISHED ON JAN 15, 2021 10:37 PM IST
The UK capital of London registered an impressive three times growth between 2016 and 2020, rising from USD 3.5 billion to USD 10.5 billion.
SC asks Govt's, 61 firms' reply on PIL alleging duty evasion in iron ore exports
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:39 PM IST
A bench headed by Chief Justice S A Bobde took note of submissions of lawyer and PIL petitioner ML Sharma that companies be prosecuted for alleged evasion of export duty by declaring wrong tariff code to export iron ore.
PVR reports net loss of ₹49 crore in Q3
PTI, New Delhi
PUBLISHED ON JAN 15, 2021 09:03 PM IST
Revenue from operations during the period under review stood at ₹45.10 crore, down 95.04 per cent from ₹915.74 crore in the corresponding quarter a year ago.
DGCA issues guidelines on carrying cargo in passenger compartment of aircraft
PTI, New Delhi
UPDATED ON JAN 15, 2021 07:44 PM IST
"Operator intending to carry cargo in passenger compartment shall apply to DGCA at least 10 days prior to the proposed commencement of operations," the regulator said in its guidelines.
Stuck in Kent: How Brexit red tape strangled cross-border trade
Bloomberg
UPDATED ON JAN 15, 2021 07:30 PM IST
Britain’s logistics industry had warned that businesses would need to hire an additional 50,000 workers to process the 200 million extra customs forms that will be required annually after Brexit.
UK prepares for another recessions as lockdowns cripple economy
AP, London
PUBLISHED ON JAN 15, 2021 07:09 PM IST
- Because of the November fall, the economy is set to contract again in the fourth quarter.
Banks in Europe yet to fully feel pandemic’s impact, warns ECB
Bloomberg
PUBLISHED ON JAN 15, 2021 04:19 PM IST
A key challenge is that companies propped up by government support measures in 2020 could find themselves in vulnerable financial positions as those programs are withdrawn.
RBI drains ₹2 trillion in a bid to nudge shorter rates higher
Bloomberg
PUBLISHED ON JAN 15, 2021 04:08 PM IST
The RBI is draining excess cash after money-market rates crashed way below its 3.35%-4.00% interest-rate corridor late last year, spurring calls from investors for it to remedy a situation that could distort banks’ asset pricing.