Indian Railways conducts first successful trial of stainless steel containers for salt loading

Government to sell 5% stake in BHEL via OFS at Rs 254; sale could fetch Rs 4,422 crore

Service charge on restaurant bills illegal if forced, CCPA orders refunds and fines

Britannia Q3FY26 Results: Revenue slightly below estimates; profit rises 17%

Govt tightens AI rules: Social media must label deepfakes, remove illegal posts within 3 hours

Bharat Bandh on February 12: Farmers’ body calls for Piyush Goyal’s resignation over US trade pact

Apollo Hospitals Q3 Results: PAT surges better-than-expected 35%, margin expands by 110 bps—Rs 10/share dividend announced

Grasim Q3 Results: Net loss widens to Rs 174 crore—Key things to know

Titan Q3FY26 Results: Net profit surges 61% year-on-year to Rs 1,684 crore

Mutual Fund: Why SIP investors in 2026 are looking beyond equity for more stable returns

The share price of Jet Airways shot up on Tuesday as investors continued to buy the stocks, a before day its board approved consortium lenders led by State Bank of India (SBI) resolution plan. Interestingly, the plan also comes with Naresh Goyal, his wife Anita Goyal and one Etihad Airways’ promoter's exits from Jet Airways. On Tuesday, Jet Airways was trading at Rs 276.20 per piece up by Rs 21.70 or 8.53% on Sensex at around 1243  hours. However, the stock has jumped by nearly 10% today, as it touched an intraday high of Rs 279 per piece. The resolution plan was accepted on Monday, and Jet Airways alone jumped by nearly 18% on that day. Overall, within two days time, the airline has made many investors rich, by rising nearly 24%. Last week on Friday, the share price finished at Rs 225.85 per piece. 
Talking about Jet Airways stock, Mustafa Nadeem, CEO, Epic Research said, “Stock is in a phase where the news are affecting the stock price and those reactions are quite visible. With Naresh Goyal stepping down it might help the company get around Rs 1500 Crore as some funding which is just a relief for a very short term.”
However, Nadeem also pointed out that, overall scenario is still worst in Jet Airways. He added, “Firstly, the debt on the company is around whopping 8000 Cr. With that company has to meet its operational cost every day. Then we are seeing reduced capacity already in the airlines and it IOS also taking a toll on the financials of the company.”
Following which, Nadeem says, “We believe there is already some examples that are in front of us. Companies like Rcom or other players who are having debt and where are the stock price today. Investors should not be fascinated with these news and get in to herd mentality and purchase stocks looking as a cheap bargain. Rather the time belongs to quality stocks with visible earnings.”
“Technically stock is in a downtrend and we don't see anything that turnaround in near term. Stock seem to be in range of 250 to 230. There may be some short term bounce that can happen and take stock to the area of 290-300. But this is only for a short period of time and only as a trading perspective and not longer term investment. Point of inflection for this would be placed at 235," he added.
<blockquote data-lang="en">Presenting ZEE Business Building New India Summit
The event shall be held today at Taj Palace, New Delhi from 4pm onwards.<a href="https://twitter.com/hashtag/zeebusiness?src=hash&amp;ref_src=twsrc%5Etfw">#zeebusiness</a> <a href="https://twitter.com/hashtag/newindia?src=hash&amp;ref_src=twsrc%5Etfw">#newindia</a> <a href="https://t.co/SfGI8h8rL3">pic.twitter.com/SfGI8h8rL3</a>
— Zee Business (@ZeeBusiness) <a href="https://twitter.com/ZeeBusiness/status/1110410093495898112?ref_src=twsrc%5Etfw">March 26, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
In a filing on Monday, Jet revealed that the board of directors have approved the resolution plan set by a consortium of domestic lenders led by SBI. 
Under this plan, firstly, issue of 11.4 crore equity shares of Jet Airways to the Lenders upon conversion of Rs 1  of the outstanding debt has been approved. Shockingly, resignation by Naresh Goyal, wife  Anita Goyal and Kevin Knight Etihad Airway’s promoter, as directors of the Company, and induction of 2 (two) nominee directors of Lenders. Additionally, Naresh Goyal will also cease to be the Chairman of Jet Airways. 
Apart from this, the board also approved, creation of appropriate security over the company's assets for securing the existing facilities extended by the Lenders and the proposed immediate funding support of up to ~Rs 1,500 Crores by way of issue of appropriate debt instrument; and constitution of an Interim Management Committee to manage and monitor the daily operations and cash flow of Jet Airways.
Currently, Goyal holds about 5,79,33,665 equity shares in Jet Airways - which is 51% of the airline’s share capital as on December 2018. The second holder is Etihad who has 24%.

The share price of Jet Airways shot up on Tuesday as investors continued to buy the stocks, a before day its board approved consortium lenders led by State Bank of India (SBI) resolution plan. Interestingly, the plan also comes with Naresh Goyal, his wife Anita Goyal and one Etihad Airways’ promoter's exits from Jet Airways. On Tuesday, Jet Airways was trading at Rs 276.20 per piece up by Rs 21.70 or 8.53% on Sensex at around 1243  hours. However, the stock has jumped by nearly 10% today, as it touched an intraday high of Rs 279 per piece. The resolution plan was accepted on Monday, and Jet Airways alone jumped by nearly 18% on that day. Overall, within two days time, the airline has made many investors rich, by rising nearly 24%. Last week on Friday, the share price finished at Rs 225.85 per piece. Talking about Jet Airways stock, Mustafa Nadeem, CEO, Epic Research said, “Stock is in a phase where the news are affecting the stock price and those reactions are quite visible. With Naresh Goyal stepping down it might help the company get around Rs 1500 Crore as some funding which is just a relief for a very short term.”However, Nadeem also pointed out that, overall scenario is still worst in Jet Airways. He added, “Firstly, the debt on the company is around whopping 8000 Cr. With that company has to meet its operational cost every day. Then we are seeing reduced capacity already in the airlines and it IOS also taking a toll on the financials of the company.”Following which, Nadeem says, “We believe there is already some examples that are in front of us. Companies like Rcom or other players who are having debt and where are the stock price today. Investors should not be fascinated with these news and get in to herd mentality and purchase stocks looking as a cheap bargain. Rather the time belongs to quality stocks with visible earnings.”“Technically stock is in a downtrend and we don't see anything that turnaround in near term. Stock seem to be in range of 250 to 230. There may be some short term bounce that can happen and take stock to the area of 290-300. But this is only for a short period of time and only as a trading perspective and not longer term investment. Point of inflection for this would be placed at 235," he added.Presenting ZEE Business Building New India SummitThe event shall be held today at Taj Palace, New Delhi from 4pm onwards.#zeebusiness #newindia pic.twitter.com/SfGI8h8rL3— Zee Business (@ZeeBusiness) March 26, 2019In a filing on Monday, Jet revealed that the board of directors have approved the resolution plan set by a consortium of domestic lenders led by SBI. Under this plan, firstly, issue of 11.4 crore equity shares of Jet Airways to the Lenders upon conversion of Rs 1  of the outstanding debt has been approved. Shockingly, resignation by Naresh Goyal, wife  Anita Goyal and Kevin Knight Etihad Airway’s promoter, as directors of the Company, and induction of 2 (two) nominee directors of Lenders. Additionally, Naresh Goyal will also cease to be the Chairman of Jet Airways. Apart from this, the board also approved, creation of appropriate security over the company's assets for securing the existing facilities extended by the Lenders and the proposed immediate funding support of up to ~Rs 1,500 Crores by way of issue of appropriate debt instrument; and constitution of an Interim Management Committee to manage and monitor the daily operations and cash flow of Jet Airways.Currently, Goyal holds about 5,79,33,665 equity shares in Jet Airways - which is 51% of the airline’s share capital as on December 2018. The second holder is Etihad who has 24%.  

The resolution plan also comes with Naresh Goyal, his wife Anita Goyal and Etihad Airways’ one promoter exit from Jet Airways, which was surprisingly taken as good news at investors front.

Naresh Goyal exit impact: Nearly 24% rise in Jet Airways share; is is the worst over? 

news-naresh-goyal-exit-impact-nearly-24-rise-in-jet-airways-share-is-is-the-worst-over-91611

The share price of Jet Airways shot up on Tuesday as investors continued to buy the stocks, a before day its board approved consortium lenders led by State Bank of India (SBI) resolution plan. Interestingly, the plan also comes with Naresh Goyal, his wife Anita Goyal and one Etihad Airways’ promoters exits from Jet Airways. On Tuesday, Jet Airways was trading at Rs 276.20 per piece up by Rs 21.70 or 8.53% on Sensex at around 1243  hours. However, the stock has jumped by nearly 10% today, as it touched an intraday high of Rs 279 per piece. The resolution plan was accepted on Monday, and Jet Airways alone jumped by nearly 18% on that day. Overall, within two days time, the airline has made many investors rich, by rising nearly 24%. Last week on Friday, the share price finished at Rs 225.85 per piece.  Talking about Jet Airways stock, Mustafa Nadeem, CEO, Epic Research said, “Stock is in a phase where the news are affecting the stock price and those reactions are quite visible. With Naresh Goyal stepping down it might help the company get around Rs 1500 Crore as some funding which is just a relief for a very short term.” However, Nadeem also pointed out that, overall scenario is still worst in Jet Airways. He added, “Firstly, the debt on the company is around whopping 8000 Cr. With that company has to meet its operational cost every day. Then we are seeing reduced capacity already in the airlines and it IOS also taking a toll on the financials of the company.” Following which, Nadeem says, “We believe there is already some examples that are in front of us. Companies like Rcom or other players who are having debt and where are the stock price today. Investors should not be fascinated with these news and get in to herd mentality and purchase stocks looking as a cheap bargain. Rather the time belongs to quality stocks with visible earnings.” “Technically stock is in a downtrend and we dont see anything that turnaround in near term. Stock seem to be in range of 250 to 230. There may be some short term bounce that can happen and take stock to the area of 290-300. But this is only for a short period of time and only as a trading perspective and not longer term investment. Point of inflection for this would be placed at 235, he added. Presenting ZEE Business Building New India Summit The event shall be held today at Taj Palace, New Delhi from 4pm onwards.#zeebusiness #newindia pic.twitter.com/SfGI8h8rL3 — Zee Business (@ZeeBusiness) March 26, 2019 In a filing on Monday, Jet revealed that the board of directors have approved the resolution plan set by a consortium of domestic lenders led by SBI.  Under this plan, firstly, issue of 11.4 crore equity shares of Jet Airways to the Lenders upon conversion of Rs 1  of the outstanding debt has been approved. Shockingly, resignation by Naresh Goyal, wife  Anita Goyal and Kevin Knight Etihad Airway’s promoter, as directors of the Company, and induction of 2 (two) nominee directors of Lenders. Additionally, Naresh Goyal will also cease to be the Chairman of Jet Airways.  Apart from this, the board also approved, creation of appropriate security over the companys assets for securing the existing facilities extended by the Lenders and the proposed immediate funding support of up to ~Rs 1,500 Crores by way of issue of appropriate debt instrument; and constitution of an Interim Management Committee to manage and monitor the daily operations and cash flow of Jet Airways. Currently, Goyal holds about 5,79,33,665 equity shares in Jet Airways - which is 51% of the airline’s share capital as on December 2018. The second holder is Etihad who has 24%.    

The resolution plan also comes with Naresh Goyal, his wife Anita Goyal and Etihad Airways’ one promoter exit from Jet Airways, which was surprisingly taken as good news at investors front.