Jet Airways in talks to buy 50 single aisle aeroplanes

Jet Airways India, the country’s biggest full-service carrier, is in talks to buy 50 narrowbody jets worth at least $5.6 billion on top of a pending order for Boeing 737 Max aircraft, a person with direct knowledge of the plan said.

NDTV shares tank after CBI searches

Shares of NDTV tanked nearly 7 per cent on Monday in intra-day trade after the CBI carried out searches at the TV channel’s offices and the residences of its founder Prannoy Roy and his spouse Radhika Roy for allegedly concealing a share transaction from Sebi and causing loss to a private bank. NDTV denied the charges and termed it as a political attack, aimed at silencing the media.

Ayurvedic treatment for railway employees on cards

The railway ministry will be introducing ayurvedic treatment in 125 hospitals and 586 health units operated by it. The ministry has set up a committee to make recommendations for the same.
The committee will suggest a plan for introducing and promoting Ayush treatments in hospitals and suggest the procedure for induction of doctors as contract medical practitioners on deputation from ministry of Ayush or its affiliated hospitals.

Two-wheelers to grow at 8-10% this year: Icra

The two-wheeler industry, on a recovery path after five months of rough ride from demonetisation and the ban of BS-III models, is poised to grow by 8-10 per cent in the current financial year.
“As the demonetisation impact wanes off and the overall demand recovers, we expects domestic two wheeler volumes to grow by 8-10 per cent during FY18,” Subrata Ray, senior vice-president and group head-corporate sector ratings at Icra told Financial Chronicle.

Momentum to sell Air India gathers steam

The proposal to sell Air India seems to be moving at jet speed. The Union cabinet will soon take a call on privatisation of the carrier, which is debt-ridden and making losses for years.
The move comes after the government think-tank Niti Aayog recommended divesting up to 100 per cent in the
The Bloomberg news agency, quoting an unnamed source, said on Wednesday that prime minister Narendra Modi was actively considering privatisation of Air India and wants the buyer to absorb Rs 20,000-crore loan linked to aircraft purchases.

Raymond case: Patel seeks probe against firm’s directors, promoters

Firing off the third missive to Sebi chairman in the past three months, minority investor VA Patel’s latest complaint has sought investigation against Raymond’s directors, promoters and auditors, even as the AGM is scheduled for June 5.
Patel of JHP Securities wanted action by the market regulator as promoters of the company are trying to get an approval from the shareholders at the annual general meeting (AGM) to get the premium property JK House in Mumbai in their name by ‘buying’ at throwaway prices.

Phone war pain goes beyond RCom’s sibling spat

Reliance Communications’ balance sheet troubles, which have wiped off more than a third of its value this month, have thrown into sharp relief the squeeze afflicting India’s telecoms sector: fickle users, wafer-thin margins and crippling debt.
Reliance Communications, known as RCom, has seen its shares and bonds tumble since it reported weaker results over the weekend — along with a shrunken user base and higher debt. It said on Monday, it was in talks with banks to defer loan repayments due over the next four months.

Smokeless tobacco fever catching up, Japan Tobacco to quadruple capacity

Japan Tobacco plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.
Global tobacco firms see Japan as a fertile test ground for vaping products since e-cigarettes using nicotine-laced liquid are not allowed under the country's pharmaceutical regulation. While the Marlboro maker's heat-not-burn "IQOS" tobacco device is already enjoying strong demand in Japan, Japan Tobacco's launch of its "Ploom Tech" product has run into delays.

British Airways back on feet after IT outage

British Airways resumed some flights from Britain's two biggest airports on Sunday after a global computer system failure created chaos, but hundreds of passengers were still waiting for hours at London Heathrow.

RCom hit by mobile price war

Mobile phone network operator Reliance Communications posted its second straight quarterly loss on Saturday, hit by the price war which has broken out in the world's second-biggest mobile market by number of users.
The launch last year of rival Reliance Industries' new Jio 4G broadband service with free voice and data services has forced other networks to come up with cheaper plans of their own, squeezing margins and in some cases dragging down sales, with bigger rivals Bharti Airtel, Idea Cellular and Vodafone India also suffering from the cut-price competition.