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Saturday, November 2, 2024
TopicNaresh Goyal

Topic: Naresh Goyal

What Jet Airways’ near-collapse says about India

India faces the very real possibility that sometime in the future, there won’t be a single full-service airline flying domestically.

Jet Airways founder Naresh Goyal withdraws from bidding for stake in company

Jet Airways suspended all international flights last week and is awaiting fresh fund infusion with a debt-resolution plan.

Jet Airways has less than 15 operational aircraft, says aviation secretary

Over the last few weeks, Jet Airways has been grounding its fleet in tranches due to non-payment of dues.

Troubled Jet Airways fails to repay $109 million loan to HSBC Bank

The collapse of Jet Airways could put about 23,000 jobs at risk and dent Prime Minister Narendra Modi’s image ahead of his re-election bid.

No sacrifice too big for me to safeguard Jet Airways’ interest: Naresh Goyal

Goyal, who has been the chairman of Jet Airways since 1992, has stepped down along with his wife Anita from the airlines' board.

Naresh Goyal, the former ticketing agent who became Indian aviation mogul, crash lands

The resignation of Naresh Goyal as chairman of Jet Airways removes an obstacle for creditors, who are seeking to overhaul & salvage the airline.

Jet Airways chairman Naresh Goyal and his wife Anita step down from airline’s board

The board of Jet Airways met in Mumbai to decide on ways to procure interim funding for the troubled airlines.

A bailout for Jet Airways will fill Indian skies with zombie airlines

Air India is the original zombie, infected by a govt bailout. If Jet is bailed out, then the next firm will need one too & the infection will spread.

SBI could take 15% equity stake in Jet Airways

Burdened by debt, Jet Airways is looking to convert part of its loans to equity as it struggles to stay afloat in a highly competitive market

Jet Air said to weigh a restart of bailout talks with Tata Group

Tata said in November that it held “ preliminary” talks with Jet Airways though no proposal was made.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.