Amit Agarwal is the latest in a line of several top executives & board members who have quit the debt-laden Jet Airways, which stopped operations on April 17.
In separate letters, Jet Airways employees requested help in getting the outstanding salaries cleared and urged that the process of funding the airline be expedited.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Kuchh milega nahin. That is the tragedy of the IBC. 2. Given the public mood that has developed around this issue – partly due to tycoons who have fled – each stakeholder, not just senior bankers but also political personages will say, Follow the procedures, don’t get caught on the wrong side of a vigilance enquiry, never mind the haircut so long as our hands are clean. All the more if the loans originated during UPA rule, which many did. 2. If there is a genuine desire to maximise recovery from the twelve trillion pile of NPAs – which is growing – an empowered group of bankers and mandarins should be tasked to have exploratory meetings with defaulting groups and see if a living fruit bearing tree can be saved from being chopped and sold for firewood.
Kuchh milega nahin. That is the tragedy of the IBC. 2. Given the public mood that has developed around this issue – partly due to tycoons who have fled – each stakeholder, not just senior bankers but also political personages will say, Follow the procedures, don’t get caught on the wrong side of a vigilance enquiry, never mind the haircut so long as our hands are clean. All the more if the loans originated during UPA rule, which many did. 2. If there is a genuine desire to maximise recovery from the twelve trillion pile of NPAs – which is growing – an empowered group of bankers and mandarins should be tasked to have exploratory meetings with defaulting groups and see if a living fruit bearing tree can be saved from being chopped and sold for firewood.