Jet Airways, started more than 25 years ago by Naresh Goyal, has suspended operations after lenders turned down the airline’s demand for emergency funding. Lenders’ consortium, led by State Bank of India, indicated the effort to select a new investor would continue even as Jet was “temporarily” grounded on Wednesday.

Bid documents to select new investors were issued on Wednesday and the lenders propose to conclude the process by May 10. Four parties including private equity firms TPG Capital and Indigo Partners, besides sovereign fund NIIF and Jet's strategic partner Etihad Airways, are in the fray to acquire ownership of the troubled airline.

Young wicket-keeper Rishabh Pant and veteran batsman Ambati Rayudu were on Wednesday named among the standbys for India’s World Cup squad, reigniting their dashed hopes of making the trip to the UK in case an injury setback hits the side.

Speedster Navdeep Saini also found a place in the list of three back-ups for the mega-event starting on May 30.

The government is targeting to raise about Rs 1,500 crore from initial public offerings (IPOs) of two railway companies -- IRCTC and IRFC -- by September, an official said.

The finance ministry earlier this year initiated the process of launching an IPO of Indian Railway Finance Corporation (IRFC) but the company has told the railway ministry that their borrowing cost will go up if it gets listed, the official said. A final call on this would be taken by the Union Cabinet.

According to an analysis by Bengaluru-based Azim Premji University researchers, five million men lost their jobs between 2016 and 2018. The beginning of the decline in unemployment coincided with Prime Minister Narendra Modi's demonetisation of high-value currency notes on November 8, 2016.

The university released its State of Working India 2019 (SWI 2019) report here on Tuesday, adding to the already raging debate over employment generation at a time when India votes to elect a new government.

Reliance Industries (RIL) has signed a deal with Mitsui OSK Lines (MOL) for a strategic stake sale in six very large ethane carriers (VLECs), the company said on Wednesday.

RIL had sourced these carriers as part of its Ethane gas project to transport the compound from the United States to its plants in India. Currently, MOL, a Japanese shipping company, is operating these vessels and will become a joint owner once the deal gets regulatory approvals. The Mukesh Ambani-promoted company did not disclose the deal value or the size of the stake being sold.

Putting a new spin on Rahul Gandhi’s why are all Mr. Modis thieves remark, Prime Minister Narendra Mr. Modi on Wednesday said the Congress president, by making the jibe, had maligned the backward community he hails from.

Addressing a poll rally in Akluj, Mr. Modi also slammed the dynastic politics of Sharad Pawar and claimed the Nationalist Congress Party (NCP) chief had “fled” the poll arena from Madha Lok Sabha constituency as he sensed defeat.

Google has removed TikTok from its Play Store, some users reported Tuesday night, but the popular short video app was available on Apple's App Store.

The Ministry of Electronics and Information Technology had asked Google and Apple to take down TikTok after the Madras High Court banned the app on April 3 for pornographic and inappropriate content.

Empathising with BJP candidate and actor Jaya Prada, Defence Minister Nirmala Sitharaman today said political leaders should apply their minds before they speak about women-related issues.

In an exclusive interview to ANI, Sitharaman said, "100 per cent. It is always easy to hit at a woman when you talk about other things which don't become part of the conversation or which are not germane to the discussion.

The Election Commission of India (ECI) on Tuesday appointed special observer for West Bengal ahead of the second phase of Lok Sabha polls in the state.ECI has appointed 1984 batch IAS officer Ajay Nayak who was the Chief Electoral Officer (CEO) Bihar.

In the first phase, two Parliamentary constituencies- Cooch Behar and Alipurduar- witnessed polling while rest of 40 Lok Sabha seats will go to polls in six phases. The polling for the second phase will be held on April 18.

Saudi Aramco, the world’s largest crude oil producer, is in “serious discussions” to acquire up to a 25 percent stake in Reliance Industries’ refining and petrochemicals businesses, the Times of India reported on Wednesday. A minority stake sale could fetch around $10 billion to $15 billion, valuing the Indian company’s refining and petrochemicals businesses at around $55 billion to 60 billion, the report said.

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