Jet Airways Q4 net loss widens
India’s second largest carrier by passengers carried, Jet Airways, on Friday posted a net loss of Rs. 495.53 crore for the quarter ended March 31 from a loss of Rs. 298.12 crore during the same period a year earlier.
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON MAY 24, 2013 11:20 PM IST
India’s second largest carrier by passengers carried, Jet Airways, on Friday posted a net loss of Rs. 495.53 crore for the quarter ended March 31 from a loss of Rs. 298.12 crore during the same period a year earlier.
Net sales of the Naresh Goyal-led airline dropped 2.96% to Rs. 3,921.92 crore from Rs. 4,041.61 crore last year. Shares of the airline tanked 3.69% to close at Rs. 562.70 on the BSE on Friday.
Also, the airline at its general meeting held on Friday, approved the preferential allotment of 27.2 million shares to Abu Dhabi-based Etihad Airways at Rs. 754.73 a share, inclusive of premium. “The preferential allotment of shares is subject to the fulfillment of certain conditions precedent including approval of the Foreign Promotion Board and the Competition Commission of India,” Jet Airways said. “The adoption of new set of articles of association of the company was deferred and will be taken up at a subsequent meeting with a fresh notice being issued.”
Etihad, in April, agreed to acquire a 24% stake in Jet for $370 million, giving it a bigger foothold in the fast-growing Indian market.
Neighbourhood First : Jaishankar to boost bilateral relations with Bangladesh
PTI, Dhaka
PUBLISHED ON MAR 04, 2021 05:50 PM IST
Momen and Jaishankar led their respective sides at a bilateral meeting held at a state guesthouse and took stock of the progress of relations between the two countries.
Ease of Living Index 2020: Srinagar at bottom of list of 49 cities
By Mir Ehsan
PUBLISHED ON MAR 04, 2021 05:48 PM IST
- While Bangalore has been ranked top among 49 cities with population of more than a million, Bareilly, Dhanbad and Srinagar are ranked as the bottom three.
CPI(M) to seek rescheduling of parliament budget session due to assembly polls
PTI, Coimbatore
PUBLISHED ON MAR 04, 2021 05:38 PM IST
Since majority of the states such as Tamil Nadu, Puducherry, Kerala and Assam have more opposition MPs, they may find it difficult to campaign in these states, where polls are scheduled to held from March 27 to April 6.
Man detained for Taj Mahal hoax bomb call, may have mental health illness: Cop
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
UPDATED ON MAR 04, 2021 06:11 PM IST
After the threat call to 112 emergency response number of the Uttar Pradesh police at around 9am, nearly 1000 tourists were evacuated from the Taj Mahal.
News updates from HT: Congress says TN seat sharing talks 'not yet a stalemate'
PUBLISHED ON MAR 04, 2021 05:00 PM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
OTT industry representatives welcome new guidelines, says Javadekar
By hindustantimes.com | Written by Harshit Sabarwal, New Delhi
UPDATED ON MAR 04, 2021 06:05 PM IST
The information and broadcasting (I&B) ministry issued the guidelines last week to monitor content on social media and OTT platforms—under which they would be required to remove any content flagged by authorities within 36 hours and further set up a grievance redressal mechanism.
Meerut firing: Police identify 1 accused; girl, hit by gunshot, stable
By hindustantimes.com | Written by Karan Manral, New Delhi
PUBLISHED ON MAR 04, 2021 04:54 PM IST
A group of persons had opened fire in Meerut’s Brahmpuri area on Wednesday evening. The injured girl was passing by when she got hit.
Content on Demand service in trains to be launched this month: Official
PTI
PUBLISHED ON MAR 04, 2021 04:40 PM IST
- To ensure buffer-free services, media servers will be placed inside coaches, RailTel CMD Puneet Chawla said in a press briefing.
Defiant Kerala govt says KIIFB officials won’t appear for questioning by ED
By Ramesh Babu
PUBLISHED ON MAR 04, 2021 04:35 PM IST
- Kerala Finance Minister Thomas Isaac said the timing of the ED’s notice was deliberate since the masala bonds were floated two years ago.
In Dhaka, Jaishankar stresses India's help during coronavirus pandemic
By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 04, 2021 04:18 PM IST
Jaishankar is in Bangladesh to prep for Prime Minister Narendra Modi’s visit to the neighbouring country later this month.
Tamil Nadu CM K Palaniswami calls for party workers to work towards AIADMk govt
By hindustantimes.com | Written by Srivatsan K C, New Delhi
PUBLISHED ON MAR 04, 2021 04:06 PM IST
"We should make sure the AIADMK comes back to power. Even after 10 years, people of Tamil Nadu are with the AIADMK,” the chief minister said.
National Safety Day 2021: 'Sadak Suraksha' theme to be observed this year
By hindustantimes.com | Edited by Mallika Soni
UPDATED ON MAR 04, 2021 03:53 PM IST
- This year, the focus of National Safety Day is on road safety and the theme is ‘Sadak Suraksha’ (road safety).
India’s defence budget for domestic buys to fund fighters, tanks, missiles
By Rahul Singh
PUBLISHED ON MAR 04, 2021 03:31 PM IST
India has set aside ₹70,221 crore -- 63% of the military’s capital budget -- for buying locally-produced weapons and systems to boost defence indigenisation
Tripura Christians seek change in TTAADC poll date as it clashes with Easter day
By Priyanka Deb Barman | Edited by Abhinav Sahay, Agartala
PUBLISHED ON MAR 04, 2021 03:22 PM IST
- The TTAADC has 30 seats, of which 28 are elected and two are nominated.
Ajit Pawar removes doctor who allegedly tried to molest patient
ANI
UPDATED ON MAR 04, 2021 03:20 PM IST
Maharashtra deputy CM Ajit Pawar said action was taken after a preliminary probe into the incident. The doctor allegedly tried to molest the patient at a Covid-19 care centre in Aurangabad.