Revival efforts floundered over the failure of stakeholders to agree on common terms even as the airline ground to a halt.
Revival efforts floundered over the failure of stakeholders to agree on common terms even as the airline ground to a halt.

Why rescue plans for Jet Airways never took off

  • Founder Goyal repeatedly upped his asking price and refused to give up control, effectively scuppering any hope of a revival for Jet
  • Around August last year, there were telltale signs of financial distress in the airline

The Bombay Stock Exchange (BSE) building.  (Reuters )
Azim Premji will step down from his role as executive chairman and MD on 31 July.
IndiGo has a fleet of over 230 aircraft. (@CFM_engines)
IndiGo has a fleet of over 230 aircraft. (@CFM_engines)

IndiGo to buy jet engines worth $20 bn from CFM

  • The airline, operated by InterGlobe Aviation Ltd, currently has a fleet of over 230 aircraft consisting of Airbus A320, Airbus A320neo and Airbus A321 planes
  • The airline will add 53 narrow body aircraft, including 15 Airbus A321, during the current fiscal year

Finance minister Nirmala Sitharaman will present the Union budget on 5 July (Pradeep Gaur/Mint)
Finance minister Nirmala Sitharaman will present the Union budget on 5 July (Pradeep Gaur/Mint)

India’s budget math faces a tough challenge now

To keep up with the pressure of making headline fiscal deficit numbers look good, the government has increasingly resorted to off-budget financing for revenue as well as capital spending

Mark to Market
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Long Reads
Finance minister Nirmala Sitharaman and minister of state Anurag Thakur hold a pre-budget consultation meeting with representatives of the financial sector and capital markets in New Delhi. (Photo: PTI)

Making sense of the NBFC puzzle box

9 min read . 16 Jun 2019
Girish Karnad had an unsentimental public persona, and a certain rational, pragmatic pursuance of life all through his eight decades. (Photo: India Today Group/Getty Images)

The untold story of Girish Karnad

9 min read . 13 Jun 2019
DCC clears imposing penalty on Airtel, Voda Idea. (Photo: Mint)

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 (iStock)
Shares of the country's first private airline plunged 18% on Monday (Reuters)
Private equity investors Blackstone Group, Apax Partners and Warburg Pincus are seeking more details of Yes Bank Ltd’s exposure to stressed loan accounts. (Abhijit Bhatlekar/Mint)
Private equity investors Blackstone Group, Apax Partners and Warburg Pincus are seeking more details of Yes Bank Ltd’s exposure to stressed loan accounts. (Abhijit Bhatlekar/Mint)

Sensex slide show continues ahead of budget presentation

  • Financial markets have been sideswiped since a sudden escalation in Sino-US trade tensions in early May
  • Geopolitical tensions in the Middle East added another layer of uncertainty for investors

Essel Group chairman Subhash Chandra.ramesh pathania/mint
With more than two billion users across its platforms, Facebook has the clout to bring cryptocurrency out of the fringes. (Reuters)
With more than two billion users across its platforms, Facebook has the clout to bring cryptocurrency out of the fringes. (Reuters)

Facebook to unveil new cryptocurrency

  • Facebook is setting up a consortium called 'Libra' which has been joined by more than a dozen companies including Visa, Mastercard, PayPal and Uber
  • Facebook is expected to outline details of the virtual currency launching next year

The tricky decision for the govt is whether to ease some of the economic stability constraints or continue to prioritize hard-won economic stability while facing the risk of social unrest. (PIB)
The tricky decision for the govt is whether to ease some of the economic stability constraints or continue to prioritize hard-won economic stability while facing the risk of social unrest. (PIB)

Five policy reforms to jump-start growth

How India can put in place policy reforms to raise GDP growth without creating macroeconomic instability

The investigations will continue even as the insolvency process gets underway. (Reuters)
 (Photo: Chip East)
A Dutch court has ordered the seizure of a Jet aircraft. (Abhijit Bhatelkar/Mint)
(FILES) In this file photo taken on June 16, 2015 Egypt's ousted Islamist president Mohamed Morsi stands behind the bars during his trial in Cairo.  (AFP )
(FILES) In this file photo taken on June 16, 2015 Egypt's ousted Islamist president Mohamed Morsi stands behind the bars during his trial in Cairo. (AFP )

Egypt's ousted president Mohammed Morsi dies in court during trial

  • It was a dramatic end for a figure who was central in the twists and turns taken by Egypt since its 'revolution'
  • The 67-year-old Morsi had just addressed the court, speaking from the glass cage he is kept in during sessions

The development comes ahead of US President Donald Trump’s meeting with Prime Minister Narendra Modi on the sidelines of the G20 Summit in Japan next week.  (Photo: AP)
The development comes ahead of US President Donald Trump’s meeting with Prime Minister Narendra Modi on the sidelines of the G20 Summit in Japan next week. (Photo: AP)

US moves bill to bring India on a par with Nato allies

  • The move by Cornyn and Warner comes after India and the US signed the COMCASA last year
  • The two countries are also in advance discussion to sign another foundational agreement of the BECA

Prime Minister Narendra Modi addresses the media as he arrives for the first session of 17th Lok Sabha, (Photo: PTI)
Union Minister Prakash Javadekar. (PTI )
Piramal group chairman Ajay Piramal. Photo: Aniruddha Chowdhury/Mint
Companies have been reporting subdued demand across sectors such as automobiles and consumer goods.mint
Companies have been reporting subdued demand across sectors such as automobiles and consumer goods.mint

FMCG firms may see pick-up in demand later this year: Report

  • The likelihood of a better-than-expected monsoon in the second half is also expected to shore up demand
  • Mumbai-based brokerage firm Edelweiss suggested that volumes at the consumer staples firms will see an uptick in the second half of FY20

India is projected to surpass China as the world's most populous country around 2027, according to current projections made in the report. (Pradeep Gaur/Mint )
India is projected to surpass China as the world's most populous country around 2027, according to current projections made in the report. (Pradeep Gaur/Mint )

India likely to add 273 million people between 2019 and 2050: UN report

  • The report added that migration has become a major component of population change in some countries
  • The new report released here said that more than half of the projected increase in the global population up to 2050 will be concentrated in just nine countries

former Union minister J P Nadda with party's national office bearers (Photo: PTI)
former Union minister J P Nadda with party's national office bearers (Photo: PTI)

Former health minister J.P. Nadda appointed BJP working president

  • Nadda could hold the post till January 2020, before the process to elect the new BJP chief can take place
  • The meeting was attended by PM Modi, home minister Amit Shah and defence minister Rajnath Singh, who are all members of the BJP’s parliamentary board

 (Photo: Mint)
(Photo: Mint)

What government is doing to improve GST compliance

  • With India set to complete two years of the roll-out of the GST, its biggest tax reform since independence, authorities are now looking for ways to improve compliance and shore up tax receipts
  • GST Council, the federal indirect tax body, will discuss some of these proposals at its meeting on Friday

WeWork India creative director Francois Gramoli says the pantry is his favourite spot for its energy. ( Photo: Jithendra M/Mint)
Airtel Africa’s latest financials show that its profits haven’t deteriorated since the time it sold shares to pre-IPO investors. (AFP)
Boris Johnson has promised to lead the UK out of the European Union with or without a deal. (Photo: Reuters)
Boris Johnson has promised to lead the UK out of the European Union with or without a deal. (Photo: Reuters)

Boris Johnson gets a boost in the race to become Britain’s new PM

  • Johnson won the support of 114 of 313 Conservative Party lawmakers in the first round of the contest
  • parliament has indicated it will try to stop a no-deal Brexit, which could roil markets

Yes Bank expects to recover loans made to Dewan as well as Anil Ambani’s companies and Essel Group by the end of September, says Ravneet Gill
Airbnb co-founder Joe Gebbia credits the success of the global hospitality service to design thinking. (Photo: Reuters)
Airbnb co-founder Joe Gebbia credits the success of the global hospitality service to design thinking. (Photo: Reuters)

Truth about creativity: It’s a process, not a serendipitous, magical occurrence

Today, the creativity narrative is about ordinary folk leveraging the community

Some of the largest family-owned businesses in India, including Mukesh Ambani’s Reliance Industries Ltd and Sunil Mittal’s Airtel, have tied up with PE firms to raise growth capital. Photo: iStock
Some of the largest family-owned businesses in India, including Mukesh Ambani’s Reliance Industries Ltd and Sunil Mittal’s Airtel, have tied up with PE firms to raise growth capital. Photo: iStock

Indian businesses ahead of global peers in preference for PE: Report

  • PE and VC investors have invested billions of dollars in Indian companies over the last few years
  • PwC interviewed 2,953 family businesses globally for the survey, including 106 from India

Senior Congress leader M. Veerappa Moily. (Photo: HT)
Senior Congress leader M. Veerappa Moily. (Photo: HT)

Referendum is needed on use of EVMs in elections, says Moily

  • He also emphasized that such a referendum should be conducted on ballot papers and not on EVMs over which he claimed there was a trust deficit
  • Moily alleged that the EC’s behaviour itself has become suspicious as it “did not do anything” to clear the doubts raised over the electoral process

Bounce co-founder and CEO Vivekananda H.R.
The projects seeks to put into place monitoring protocols to combat desertification. (Photo: Mint)
 (Vipul Sharma/Mint )
The platform will buy operating toll and annuity road assets.
TDP general secretary Nara Lokesh may undertake a tour in the state from July onwards. (Photo: PTI)

Should you buy NPS from Paytm Money app?

  • Buying the retirement product from a PoP like Paytm Money may be more expensive, but experts say subscribers may prefer the convenience of apps
  • If you open an NPS account through a CRA, you will avoid the extra fees that online and offline PoPs charge

 (Mint)
(Mint)

Returns on my investments

  • One must also keep in mind the volatility risk of the asset class, liquidity, lock-in rules and taxation
  • Here's a look at how four commonly used asset types—equity, cash, gold and fixed income—have done in different periods

istockphoto
 (Vipul Sharma/Mint )
Photo: iStock
Photo: iStock

Opinion | Independent directors are an endangered species in India

The government’s tough approach could turn conscientious people away from taking up the role

Doctors and members of Indian Medical Association stages a protest against violence against doctors in West Bengal, in Bengaluru on Monday. (Photo: ANI)
Doctors and members of Indian Medical Association stages a protest against violence against doctors in West Bengal, in Bengaluru on Monday. (Photo: ANI)

Opinion | The missing spirit of sacrifice among some doctors

To regain social respect, doctors in India should take inspiration from the life of Dr. Dwarkanath Kotnis

Niti Aayog CEO Amitabh Kant. (Ramesh Pathania/Mint)
Photo: Mint
Photo: Mint

Opinion | Some budget suggestions that are easy to implement

Radical changes may not be feasible, but a few things done on 5 July could go a long way for the economy

 (iStock)
A farmer looks at the sky waiting for Monsoon rains.  (ANI )
A farmer looks at the sky waiting for Monsoon rains. (ANI )

Summer crop sowing lags in India on slow monsoon progress

  • Farmers have so far planted summer-sown crops on 8.22 million hectares
  • Monsoon rains hit the southern state of Kerala nearly a week later than normal earlier this month

 (iStock)
During the sale period, the passengers would be able to purchase tickets for travel between July 3 and September 26.
During the sale period, the passengers would be able to purchase tickets for travel between July 3 and September 26.

Vistara adds 62 new flights, announces 48-hour 'Grand Vistara Monsoon sale'

  • With the addition of 62 new flights, Vistara will now operate direct flights from Mumbai to 10 cities
  • The airline's Boeing 737-800NG aircraft will operate in a two-class configuration of 12 business class and 156 economy seats