Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Five Reasons Why Jet Airways Stock is Down over 20% Today

Around 1,000 Jet Airways employees staged a protest rally on Wednesday and submitted a written complaint to the police against the airline management over the non-payment of salaries. The police is yet to register an FIR.

Trending Desk

Updated:May 2, 2019, 2:57 PM IST
facebookTwittergoogleskypewhatsapp
Five Reasons Why Jet Airways Stock is Down over 20% Today
Jet Airways.
Jet Airways (India) Ltd shares dived over 20% on Thursday to hit an intra-day low of Rs 118.90. The stock has been in news for all the wrong reasons since the time the airline suspended operations on 17 April after it did not receive a loan of about Rs1,500 crore as part of a rescue deal with government-owned lenders.

Here are the five developments that have adversely affected the stock price movement of Jet Airways today:

1. Bidders for Jet Airways are not keenly following up on their expressions of interest (EoI), according to some media reports. With just 10 days to go for final submission of bids, three of the four qualified bidders—Etihad Airways, TPG Capital and Indigo Partners—have not even signed non-disclosure agreements, a must for conducting due diligence.

2. According to another report, the registrar of companies (RoC) in Mumbai will report to the government within a month whether the Jet Airways promoters need to be investigated for any fund diversion. The RoC has decided to speed up its ongoing inspection of Jet Airways’ books, which was initiated last August after the company deferred its first quarter FY19 results the same month.

3. Jet Airways is also likely to be asked soon to vacate the office space occupied by the airline at the terminals of all the airports operating under the Airports Authority of India (AAI), according to a media report. AAI, which manages around 125 airports in the country, is learnt to have asked all its airports to get the space vacated as soon as possible and submit progress reports on the same by 2 May.

4. The Delhi high court on Wednesday had issued a notice to Jet Airways seeking a full refund of airfare to passengers affected by the suspension of Jet Airways operations. The next hearing on the matter has been scheduled on 16 July.

5. Around 1,000 Jet Airways employees staged a protest rally on Wednesday and submitted a written complaint to the police against the airline management over the non-payment of salaries. The police is yet to register an FIR.



(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Top Gainers
Company Price Change %Gain
Adani Ports 415.75 7.72
IndusInd Bank 1,615.35 6.35
Indiabulls Hsg 827.80 5.51
SBI 357.15 4.71
ICICI Bank 421.50 3.98
Company Price Change %Gain
IndusInd Bank 1,615.50 6.45
SBI 357.00 4.74
ICICI Bank 422.10 4.09
Larsen 1,518.20 3.95
Yes Bank 142.95 3.81
Top Losers
Company Price Change %Gain
Vedanta 164.00 -1.38
Hindalco 196.55 -0.73
HCL Tech 1,055.05 -0.56
Coal India 240.15 -0.46
Wipro 281.65 -0.51
Company Price Change %Gain
Vedanta 164.00 -1.47
Tata Motors 179.40 -0.03
Sun Pharma 419.70 -0.23
TCS 2,076.10 -0.32
HCL Tech 1,053.70 -0.52

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results