After Indigo, now Jet Airways opts out of Air India disinvestment process

Less than a week after budget airline IndiGo rescinded its interest from participating in the disinvestment process of debt-laden Air India, Mumbai-based full-service carrier Jet Airways also said it will not take part in the strategic sale. Another low-cost airline SpiceJet had already pulled itself out of the race even before the preliminary information memorandum was issued and has maintained its stance even after the Centre formally invited expressions of interest. “We welcome the government’s move to privatise Air India. It is a bold step. However, considering the terms of…

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Top investment options for Senior Citizens: Find out what benefits you the most

Here are the top 3 options you can choose from depending on your need: The risk appetite of individuals changes along with the expectations of returns. People who have saved for retirement face the challenge of not outliving their savings that they have accumulated over the years. To stay clear of this, financial experts suggest opting for financial instruments that minimize the risk of investment and also give assured returns. There are various financial instruments in the market that offer special benefits to senior citizens — not only limited to…

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Maddinson out of Australia A side due to mental health issues

Cricket Australia say it is committed to better understanding the mental health challenges in the game after Nic Maddinson yesterday became the second player this season to withdraw from a national side due to the issue. The in-form batsman was potentially one big score away from a Test recall when he pulled out of the Australia A game against Pakistan due to start on Monday. Sean Abbott was swarmed by his Australian teammates after a wicket against Pakistan. Western Australia’s Cameron Bancroft has been drafted into the Australia A side…

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ONGC charts out ₹83,000-cr investment on 25 projects

Oil and Natural Gas Corporation Ltd (ONGC)will invest close to ₹83,000 crore on 25 major projects. ONGC Chairman and Managing Director (CMD) Shashi Shanker said, “Fifteen of these projects that are currently under execution will directly contribute to oil and gas production. The cumulative oil and gas gain from these projects is expected to be over 180 million tonnes of oil equivalents (MMtoe) in their life-cycle.” He was addressing company employees at the 73rd Independence Day. ONGC envisages a gas output of over 32 billion cubic metres (BCM) by financial year…

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Here’s how heart diseases affect men and women differently. Find out if you’re at risk

Heart diseases have emerged as the leading cause for fatalities in men and women world over and also in India. The risk of heart diseases to both sexes is grave, but heart diseases affect men and women differently. Over one crore annual deaths are reported in India and cardiovascular diseases (CVD) cause 20.3% deaths in men and 16.9 percent deaths in women. Despite having a lower mortality rate than men, reports have often suggested that women are more at risk of CVD related deaths. Another Indian study reports that the incidence…

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Three investment tips on Father’s Day that can never go out of fashion

Patience is considered a trade virtue and more often than not is something that is lacking in most investors. Our parents managed money is such a way that it took care of the entire family and its needs. What did they do right? And where are we going wrong? This Father’s Day, let’s try to unravel the mystery. Maybe we would find some clues hidden behind the advice, rebukes, instructions that were a part of our growing up days. “Can we do it differently?”  “Can we do it differently”, how…

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