Business

Tata Steel shares jump over 6% to Rs 542.85 after the company reported close to 26% year-on-year growth in group revenue in the March quarter.

Though the National Company Law Tribunal (NCLT) was keen to admit the petition of the tobaccos-to-hotels group ITC, which owns 7.92 percent in Leela, it did not do so citing procedural issues and decided to put the plea off to June 18.

On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, as well as a property to Canadian investment fund Brookfield for Rs 3,950 crore.

The plea said the sudden suspension of air services of Jet Airways has resulted in a major crisis for the passengers who were not informed about it earlier.

In a highly volatile session, the BSE Sensex hit an high of 38,832.61 and a low of 38,518.26.

As a result of this decision all countries including India would have to bring down its import of oil from Iran by May 2. Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia.

The All India Jet Airways Technicians Association (AIJATA) also cautioned that in case the allocation is not stopped, it would be forced to resort to legal means for a resolution.

The unions highlighted that a section of employees has not been paid their salaries on time for the last seven months and that the distressing situation was also brought to the notice of the Ministry of Labour and Employment in March.

Faced with delay in payments of salaries and prospect of joblessness, hundreds of airline employees had gathered on Thursday at the Jantar Mantar to voice their concerns and appeal to the government to intervene for revival of the company.

The airline, in its statement, said it has informed the DGCA, and the Ministries of Civil Aviation and Finance and other relevant government institutions, of this course of action.

The DDA’s 2020 Housing Scheme will have on offer 11 residential towers with 1,114 flats— comprising 14 penthouses, 168 super (higher income group) HIG flats and 932 HIG flats.

In an internal communication, chief executive Vinay Dube also said the airline's board will meet Tuesday to discuss the next step for the carrier.

Yogi Sriram, senior vice president - Corporate HR, Larsen & Toubro, said that L&T's employee attrition rate of around 5 per cent was among the lowest in the industry.

Of the 14 aircraft that it is operating as of Thursday, eight are wide-body B777s (seven) and an A330 — generally used for long-haul international operations.

Both BSNL and MTNL were asked to match the 3G and BWA spectrum price determined in auctions that were held in 2010 across all circles where they operate.

Failing to pay their due salaries from January to March, constitutional and legal actions will be taken, the letter stated.