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Stock Analysis, IPO, Mutual Funds, Bonds & More

Jet Airways (India) Ltd.

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34 stocks that will exit F&O segment from July series have eroded Rs 14,500 cr of wealth.

The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by India’s bankruptcy court.

"Retail investors should not get into these companies and not bottom-fish,” said Sofat of IIFL.

The NSE Nifty index was trading 41.95 points down at 11,657.70.

Jet owes over Rs 8,500 cr to a consortium of 26 banks led by SBI, and over Rs 13,000 cr to vendors and staff.

Thirty-day review period ends for Bajaj Hindusthan, RattanIndia Power, Suzlon & others.

NCLT Thursday admitted an insolvency plea by Jet’s top lender State Bank of India.

The NSE Nifty index was trading 26.65 points up at 11,750.75.

A slot is a specific date and time at which an airline can arrive or depart at an airport. It is allocated by a committee that comprises officials from the respective airport, aviation ministry, AAI, airlines, aviation regular DGCA, etc.

Ashish Chhawchharia, partner at Grant Thornton, took charge as RP and met the airline’s management on Saturday.

The Sensex slipped 0.65 per cent to 39,194 for the week ended June 21.

Investors and traders are advised to maintain status quo and avoid highly volatile sectors.

Jet, as Monty Python might have observed, isn’t exactly a Norwegian blue. It's a dead parrot.

Earlier this week, SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.

A ban on the futures and options contracts on the stock lapsed on Friday.

Among the 50 components in the Nifty index, 18 shares were trading in the green, while 32 were in the red.

Jet Airways (India) Clarification sought from Jet Airways (India) Ltd

| Announcement

The Exchange has sought clarification from Jet Airways (India) Ltd on June 21, 2019, with reference to news appeared in www.freepressjournal.in dated June 20, 2019 quoting "Jet Air admitted for bankruptcy, NCLT sets 90 days for resolution" The reply is awaited.

Crude rose to three-week highs after Iran shot down a US military drone.

The stock is due to be excluded from the F&O segment with effect from June 28.

In the Nifty pack, 18 stocks were trading in the green, while 32 stocks were in the red.

Nomura has maintained 'buy' rating on Fortis Healthcare and cut target price to Rs 159.

The stock ended up 90 per cent at Rs 62.85.

IndiGo and SpiceJet have got the maximum number of rights, with 84 weekly flights for the first and 77 for the second.

Earlier this week, SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.

The tribunal declared a moratorium on recovery of dues from Jet Airways.

The Hinduja Group which the lenders had approached recently posed equally challenging conditions.

The Hinduja Group which the lenders had approached recently posed equally challenging conditions.

Jet Airways shares will be removed from the F&O segment from June 28, 2019.

In the last 13 trading days, shares of Jet Airways have tumbled 78 per cent.

Domestic benchmark index NSE Nifty was trading 20.40 points up at 11,711.85.

The Nifty index was trading 32.55 points down at 11,658.90.

Sales of both auto and industrial fuels rose 0.04 per cent in May to 18.61 million tons.

Nearly 40 per cent of the total operating cost is linked to movement in crude oil prices.

Nearly 40 per cent of the total operating cost is linked to movement in crude oil prices.

Jet Airways’ lenders, led by State Bank of India, gave up on efforts to revive the airline that has been grounded for two months.

It has appointed Rocco Mulder as the administrator in the bankruptcy proceedings of the Indian airline company.

While, the pilots and engineers unions want to be made party to the case, the representatives of two Dutch firms want the tribunal's nod to make an intervention petition.

Overall, the company has dues over Rs 36,500 crore but negligible assets to recover the same.

In the Nifty pack, 43 stocks were trading in the green, while 7 stocks were in the red.

The Enforcement Directorate is studying allegations of tax evasion of more than Rs 650 cr against Jet and its units.

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