11
Saturday
July 2020
5:01 AM IST
News Headlines
Missing Mayor found dead in north Seoul        Heavy rain hits scenic central Japan, more damage in south        Bikru bloodbath mastermind Vikas Dubey nabbed in MP town        NIA to probe gold smuggling case, ex-Consulate woman employee moves HC for anticipatory bail        Kerala reports biggest daily spike of 339 infections,COVID-19 tally crosses 6,500 mark        Holder wins early battle with Stokes as Windies take control        Ganguly announces cancellation of Asia Cup in September        We have asked every state to adopt one sport: Rijiju        Rupee slips 9 paise to 75.02 against USD        ICICI Bank to raise up to Rs 15,000 crore to bolster capital base        Trump threatens to cut federal aid if schools don't reopen        Pak PM urges world community to share info on COVID-19 strategies as tally rises to 239,225        Enhancing global cooperation need of the hour to effectively tackle COVID-19: Prez        Kanpur encounter: 2 policemen held for 'tipping off' gangster Vikas Dubey about police action        CBSE should explain rationale behind dropping certain chapters from curriculum: Sisodia        301 test positive in Kerala,COVID-19 tally crosses 6,000 mark        Dhoni turns 39, wishes pour in from all corners        New era for cricket as England-West Indies series begins        India''s COVID-19 tally, fatality rate per million population lowest in world: Govt        Rahul asks why no mention of Galwan Valley in MEA statement on talks        
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Business News
rabhu seeks report on allocation of Jet Airways slots to other airlines
 
New Delhi: Civil Aviation Minister Suresh Prabhu has sought a report on the allocation of airport slots vacated by Jet Airways to other airlines, an official source said on Wednesday. In the wake of crisis-hit Jet Airways suspending operations, the ministry decided to allocate the vacant slots at the airports in the national capital and Mumbai to other carriers.

The move is part of larger efforts to increase capacity amid recent surge in airfares. According to the source, the minister has asked Civil Aviation Secretary Pradeep Singh Kharola for a report on the Jet Airways'' slots that have been allocated to other airlines so far. The report is to be submitted by May 11. The development also comes against the backdrop of concerns raised in certain quarters about the process being followed in temporary allocation of Jet Airways'' slots. The slots are being given to other airlines on an interim basis and decisions are taken by a committee set up by the ministry. Jet Airways has more than 440 slots at Mumbai and Delhi airports, a ministry official said last month. As per the source, the minister has asked the secretary to ensure that all slot allocations have been made on an interim basis by following all applicable guidelines in a transparent manner.

The source also said the minister has directed that a final decision on allocation of Jet Airways slots should not be taken till conclusion of the resolution plan that is being worked out by the airline''s lenders. The State Bank of India-led consortium of domestic lenders to Jet Airways has already sought bids for the ailing airline, which shuttered operations on April 17 after it ran out of cash. The list of final bidders is likely to be finalised this week. On Wednesday, Jet Airways gave a clarification to the stock exchanges regarding reports that Atmosphere Airlines has submitted an expression of interest along with Naresh Goyal and four other companies.

"The bidding process is initiated by and managed by SBI Capital Markets Ltd under a resolution plan undertaken by a consortium of domestic lenders led by State Bank of India. "The company is not involved in the bidding process and has no information with regard to same and is accordingly not in a position to comment," the airline said in a filing. Naresh Goyal is the founder of Jet Airways. Earlier on Wednesday, Goyal''s daughter Namrata Goyal said that her father is not part of any consortium. "I''m Naresh Goyal''s daughter and this is to clarify that hes not part of any consortium and this information is completely misleading and mischievous (sic)," she said in a tweet.


Rupee slips 9 paise to 75.02 against USD
ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
Gold jumps Rs 102, silver declines Rs 249
Finmin may review capital requirement of PSU banks after second quarter
I-T dept amends TDS form, makes it more comprehensive
Pak will complete CPEC at all costs, says PM Khan
COVID-19 caused huge demand destruction overseas: Bankers
Intel Capital to buy 0.39 pc stake in Jio Platforms for Rs 1,894 cr
Sensex surges over 200 pts in early trade; Nifty tops 10,600
India's trade deficit with China reduces to USD 48.66 bn in FY20
Work to begin shortly on Zojila tunnel: Gadkari
ONGC shares tank 4 pc after first-ever quarterly loss
Vodafone Idea shares plunge nearly 5 pc after FY20 earnings
Diesel price at new high as fuel prices hiked for 22nd time in just over 3 weeks
Prestige group's FY20 sales bookings flat at Rs 4,560 crore
No plans to sell non-core assets during this fiscal: PNB Chief
Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks
SBI sanctions loans to over 4 lakh MSMEs under credit guarantee scheme
Money in Swiss banks: India at 77th place, accounts for just 0.06% of all foreign funds
Asian shares advance, tracking Wall Street tech rally
KERALA NEWS
Kerala reports biggest daily spike of 339 infections,COVID-19 tally crosses 6,500 mark
 Thiruvananthapuram: With COVID19 cases continuing to spiral, Kerala on Thursday recorded the biggest  
Kerala reports 272 fresh cases; 68 infected through contact
Will take appropriate decision at appropriate time:Jose K Mani
Kerala reports 131 new COVID cases, 75 recoveries, 2,112 patients under treatment
INTERNATIONAL NEWS
Missing Mayor found dead in north Seoul
 Seoul: The Mayor of this South Korean capital was found dead at Bugaksan mountain here on Thursday,
Heavy rain hits scenic central Japan, more damage in south
Trump threatens to cut federal aid if schools don't reopen
Pak PM urges world community to share info on COVID-19 strategies as tally rises to 239,225
NATIONAL NEWS
Bikru bloodbath mastermind Vikas Dubey nabbed in MP town
 Ujjain: History-sheeter Vikas Dubey ? the prime accused for whom Uttar Pradesh Police had launched a
Enhancing global cooperation need of the hour to effectively tackle COVID-19: Prez
Kanpur encounter: 2 policemen held for 'tipping off' gangster Vikas Dubey about police action
CBSE should explain rationale behind dropping certain chapters from curriculum: Sisodia
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