Vinay Dube, chief executive officer (CEO), and Amit Agarwal, deputy CEO and chief financial officer, put in their papers, adding to the growing list of top-level exits at the Mumbai-based carrier. read more

Less than 15 aircraft of debt-hitJet Airways currently operational, news agency PTI quoted Civil Aviation Secretary Pradeep Singh Kharola as saying. read more

The pilots’ union has decided to give Jet’s new interim management until April 14 to clear salary dues “in conjunction with interim funding”, and deferred the plans of a strike until then, the National Aviators Guild said in a statement to its membe... read more

Nine of Jet’s planes have been grounded by lessors, versus the four it reported last month, with AerCap Holdings NV and BOC Aviation Ltd among those who have pulled out planes, sources told Reuters. read more

The petition said the Adani Group owns 74% stake in the company and that the rest is held by RRVUNL. The company was re-allocated the coal block and allowed to carry on mining in 2015, it claimed. read more

Denise Coates, 51, has a net worth of $4.5 billion thanks to her majority stake in closely held Bet365, according to the Bloomberg Billionaires Index, and joined the ranks of the world’s 500 richest people for the first time Friday. read more

Walmart will lay off nearly 200 employees at Jabong and integrate the online fashion retailer into Myntra, Livemint reported on Friday, days after the head of Flipkart Group Binny Bansal resigned following an internal probe into a “serious personal ... read more

Reliance Industries Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore. read more

Michael Bambang Hartono’s family owns a conglomerate that is among the top cigarette makers in Indonesia . read more

Welcoming the regulator’s decision, Walmart said it remains committed to contributing to the Indian economy by supporting smallholder farmers, manufacturers, and its Kirana customers. read more

LIC’s buying stake in IDBI Bank will help the debt-ridden state-owned bank get a capital support of Rs 10,000- 13,000 crore. read more