A glimmer of hope emerged for Jet Airways on Friday as Etihad placed a financial bid for acquiring a stake in the troubled airline, the only one to do so. But the gesture may not be enough to save the airline as the Abu...

With the grounding of Jet Airways leaving tens of hundreds of trained staff up for grabs, there can be a short-term salary correction in the industry, as there are not enough jobs in the market due to the supply glut, say headhunters. Teetering for...

Krishnapatnam Port Company Ltd., (KPCL) near Nellore in Andhra Pradesh, is planning to set up one of the biggest liquid cargo terminals on the east coast along with three terminals, said a top official. “We have set aside 900 acres of land and ₹500...

Faced with a chronic shortage of truck drivers, logistics firm Deutsche Post DHL Group is trialling a new scheme to get more people behind the wheel so that it can keep goods flowing across Europe, especially at peak times like Christmas. A lack of...

RailWire Wi-Fi by RailTel is now live at 1,600 railway stations across the country, with Santa Cruz railway station in Mumbai becoming the 1,600th station to become a RailWire Wi-Fi zone, Western Railway said on Wednesday. RailTel Corporation, a ‘Mini Ratna (category-I)’ PSU, is...

Lessors to Jet Airways applied to the Directorate-General of Civil Aviation (DGCA) to de-register more aircraft leased to the beleaguered airline. On Wednesday, lessors applied to de-register 13 aircraft of the Boeing 737-700 and 800 series. Fly Aircraft Holdings Nineteen Ltd, Wells Fargo Trust...

Crisis for Jet Airways deepened on Wednesday as Indian Oil Corporation Ltd (IOCL) stopped the supply of aviation turbine fuel (ATF) for the debt-strapped airline but then resumed it after a few hours. An IOCL spokesperson confirmed that the ATF supply for the airline was stopped for some...

For Naresh Goyal, stepping down from the chairmanship of the company he created was an emotional moment. But he has no regrets and considers the circumstances under which he has had to step down as an opportunity to “turn the page, ready to fly...

Naresh Goyal’s decision to step down from the board of Jet Airways could not have been an easy one for him. Rumours had been rife for a while that Goyal would step down soon. However, there were an equal number which maintained that he...

As the Indian Railways look to improve its services without spending much, Indian Railway Station Development Corporation (IRSDC) will modernise the stations capable of fetching more money as reckoned by the Boston Consulting Group. Broadly, the move involves letting third parties raise funds by...