Jet Airways India Ltd. was forced to ground more jets after it failed to pay lease rentals on time, which leaves the airline with 20 operating planes compared to 124 in January.
With Jet Airways grounding its fleet of 119 aircraft fleet and Spice Jet pulling out its 737 Max, airfares have been rising across India for past few weeks.
State Bank of India Ltd., the lead creditor of Jet Airways, issued a document on Monday, inviting bidders with a net worth of at least Rs. 10 billion, to submit their interest by April 10.
Indians see West Asia as one uninterrupted wash of Islam, but the reality is more complex. For the Druze, support from Israel—where they are a recognised minority—is now critical.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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