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Jet Airways shares plunge 10% after govt defers Etihad deal approval

June 17, 2013

Etihad_dealNew Delhi, Jun 17: Shares in Jet Airways plunged 10 per cent on Monday after the Foreign Investment Promotion Board (FIPB) deferred a decision on Gulf carrier Etihad Airways' planned 24 per cent stake buy in Jet Airways on Friday.

Jet shares traded 10 per cent lower at Rs. 423.50 as of 09.16 a.m. against a flat start in broader markets.

FIPB has sought more details on "effective control" and ownership, economic affairs secretary Arvind Mayaram said on Friday.

After the FIPB, which clears foreign direct investment proposals, the deal will also need approval from the cabinet committee on economic affairs.

Abu Dhabi's Etihad agreed in April to acquire a 24 percent stake in Jet for $370 million, giving it a bigger foothold in the fast-growing Indian market.

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Agencies
August 6,2020

Thiruvananthapuram, Aug 6 : Kerala Chief Minister Pinarayi Vijayan has said that Congress is known for adopting a soft Hindutva agenda and that there was nothing new in the remarks of Priyanka Gandhi Vadra and Rahul Gandhi on Ayodhya temple construction.

"I am not surprised regarding, Priyanka Gandhi's remark on Ayodhya. From Rajiv Gandhi and Narasimha Rao, Congress had followed a similar stance. I don't think Congress has any stand when it comes to secularism. 

If it was the case, then our country would not have reached such a level," the chief minister said when asked about the 'Bhumi Pujan' ceremony at the Ram temple in Ayodhya on Wednesday.

"There is nothing new on Rahul Gandhi or Priyanka Gandhi's position on the issue. They are following the Congress' soft Hindutva agenda. There is no element of surprise," Vijayan said.

Further, Vijayan said that CPI(M) Politburo had made clear the party's viewpoint on the Ayodhya temple construction.

"When it comes to Ayodhya issue. I want to ask who had allowed worship there. It was Congress. Who had allowed to lay the idol there? It was Congress. 

Who gave permission to Karseva? It was Congress. Even when it came to demolition of Babri Masjid too who shut their eyes and gave a silent nod for it- wasn't it the Congress regime at the centre? And Muslim League (IUML) was part of it. These are all part of our history," said Kerala Chief Minister.

He said instead of involving in discussions on it, more time should be utilised towards containing the COVID-19 spread in the country and helping the poor who are suffering due to the pandemic.

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Agencies
August 7,2020

New Delhi, Aug 7 : Congress leader Rahul Gandhi on Friday slammed the Central government as India crossed the 20 lakh COVID-19 positive cases.

Taking to Twitter, the Congress leader reiterated his earlier tweet, sent out on July 17, which stated "The 10,00,000-mark has been crossed.

With the rapid spread of COVID-19, by August 10, more than 20,00,000 will be infected in the country. 

The government must take concrete, planned steps to stop the epidemic."
"20 lakh-mark has been crossed, Modi government is missing," the Congress leader tweeted today.

The Union Health Ministry has said active cases as a percentage of total cases have seen a significant drop from 34.17 per cent on July 24 to 30.31 per cent.

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News Network
January 12,2020

Kolkata, Jan 12: Prime Minister Narendra Modi on Sunday announced that Kolkata Port Trust will be renamed as Syama Prasad Mukherjee Port.

Addressing the gathering at the inauguration of 150th anniversary celebrations of Kolkata Port Trust, he said: "I announce the renaming of the Kolkata Port Trust to Dr Shyama Prasad Mukherjee Port. He is a living legend who was a leader for development and fought on the forefront for the idea of One Nation, One Constitution."

"This port represents industrial, spiritual and self-sufficiency aspirations of India. Today, when the port is celebrating its 150th anniversary, it is our responsibility to make it a powerful symbol of New India," Modi said.

The Prime Minister said that the Bharatiya Jana Sangh founder had set the stone for industrialization in India. "Chittaranjan Locomotive Factory, Hindustan Aircraft Factory, Damodar Valley Corporation and several others saw active participation from him," he said.

The Prime Minister also felicitated the two oldest pensioners of the Kolkata Port Trust, Nagina Bhagat and Naresh Chandra Chakraborty.

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