YES Bank news: IL&FS, Dewan Housing, Jet Airways, Cox & Kings, CG Power, Cafe Coffee Day, Altico - name a bane of Indian financial services sector and YES Bank was as a key lender

The country's aviation sector hit a rough patch as the combined operating profits of scheduled Indian carriers in 2018/19 worsened for the first time since 2015/16

UK's domestic airline Flybe, that dominated 40% of the air traffic has gone bankrupt amind coronavirus fear

Microsoft Corp  joined the growing number of U.S. companies asking employees to work from home in order to limit exposure to the spreading coronavirus outbreak, as it responded to cases near its Seattle headquarters and in California; A Paytm employee in Gurugram, who returned from Italy, has been tested positive for novel coronavirus, the company said in a statement; IMF chief Kristalina Georgieva called for an all-out, \"no regrets\" response to the new coronavirus epidemic which poses a \"serious threat\" to the global economy. Watch this and more on News Blast.Also read: Taj Mahal on coronavirus alert! Masked personnel, thermal guns welcome tourists

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Former Jet Airways chairman Naresh Goyal who was earlier being probed by the ED in a Foreign Exchange Management Act (FEMA) will now be investigated under the Prevention of Money Laundering Act (PMLA)

Share Market Update: BSE 30-share S&P Sensex ended 152 points lower at 41,170 and NSE 50-share index Nifty50 closed 45 points lower at 12,080.

Moreover, a team from Far East Asia Development Fund of Russia along with Enso group met the CoC on Monday and has expressed interest in Jet Airways

The road connecting Rangpuri on National Highway 8 will be closed for almost a year beginning Wednesday on account of the airport expansion work

The CCI inquiry, which included an analysis of the algorithms airlines to determine ticket fares, found that all five airlines were working independently

A team from Far East Asia Development Fund of Russia along with Enso group met the CoC on Monday and has expressed interest in Jet Airways

As GoAir CEO, Vinay Dube would be responsible for the management of the airline and also for meeting the goals and long-term growth objectives of the company

When Jet Airways announced the closure of the airline on April 27 last year, not only did its loyalists mourn its closure, many of them were actually more worried about the mileage points they had accrued on JetPrivilege

\"Reduction of corporate tax rate is a first supply side move to get private investment back; for many years, India was disproportionally dependent on consumption driving economic growth and not investment. On demand side, we need to get more confidence,\" says Kotak

It's expected that the domestic capacity in FY20 would be low due to Jet Airways' shutdown, grounding of Boeing 737 Max aircrafts, and issues with the P&W engines for Airbus 320 neo planes (flown by IndiGo and GoAir)

Budget 2020: The aviation sector bore the brunt of Air India's failure as it contributed 61 per cent to total operating losses of all airlines put together in 2018/19. The closure of Jet Airways in April last year also left a big dent on the industry as a whole

'Boeing has told us that they expect the test flight in February and certification by March or April,' SpieceJet chairman said

The arbitration tribunal order said that \"the induction of a third party in the affairs of MIAL would have its own consequences and it is difficult to foresee them.\"

The domestic air passenger traffic in the month of December last year increased by 2.56 per cent to 1.30 crore compared to the same month in 2018, according to data released by the DGCA

Share Market Update: BSE Sensex ended 400 points lower at 41,528 and NSE Nifty traded 121 points lower at 12,230 by the closing bell.