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Latest Articles in naresh goyal

Yes Bank Case: ED Summons Subhash Chandra, Naresh Goyal For Questioning

ED also issued a fresh summons to Reliance Group Chairman Anil Ambani to appear on Thursday in connection with a money laundering case.

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ED Raid Underway At Naresh Goyal's Residence In Mumbai

Goyal had stepped down from the post of the chairman in March last year, paving way for lenders to bail out the financially troubled airline he had set up 25 years ago.

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Naresh Goyal Opts Out From Bidding For Ailing Jet Airways

The full service carrier, which is currently operating less than 10 aircraft, is awaiting fresh fund infusion under a debt resolution plan

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Naresh Goyal Bows Out Of Jet Airways

Naresh Goyal bows out of Jet; Tejas spreads its wings; Citroen to call on India; and more

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Jet Airways Shares Rally Further; Close 6.5% Higher As Naresh Goyal Steps Down

On the traded volume front, 54.11 lakh shares were traded on the BSE and over 6 crore shares on the NSE during the day

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Jet Airways Chairman Naresh Goyal Steps Down As Banks Move In With Rescue Plan

Goyal's exit as chairman brings an end to an era during which he built Jet into one of India's leading airlines with more than 120 planes, enviable landing slots and flights to places such as Hong Kong, Dubai, Paris and London

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Jet Airways Chairman Naresh Goyal Steps Down, Halves Stake

Goyal's stake will be cut to 25.5% from the current 51%, while Etihad Airways' stake in the debt-laden carrier will also be halved to 12% to make room for the banks to take a controlling stake of 50.5%

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Jet Airways Founder Naresh Goyal To Quit As Chairman On Monday: Report

Chief Executive Vinay Dube is expected to stay on board the 25-year-old airline Goyal set up with his wife in 1993, according to the report

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PSU Banks Rescue Jet Airways

Few would have thought that India’s pioneering private airline would end up as a de facto nationalised airline, its future in the hands of PSU banks

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Jet Airways Founder Agrees To Step Down, Sources Say; Shares Rise

Goyal, who founded the full-service carrier 25 years ago, has also agreed to reduce his 51% stake in the airline but would continue to be a part of the company in some capacity even after stepping down as chairman

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Etihad To Raise Stake In Cash-Strapped Jet Airways: Source

Goyal's penchant for control, according to people who have worked with him, has emerged as a major obstacle as the airline tries to negotiate a rescue deal, media sources reported last month

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Jet Airways' Survival May Rest On Founder Goyal Leaving The Cockpit

"He was a visionary in his day but those days are behind us," said a senior aircraft financier who has done deals with Goyal. "This is the moment of truth for Naresh Goyal."

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Tata Sons Begins Due Diligence To Buy Jet Airways

Saurabh Agarwal, chief financial officer of Tata Sons, is leading the discussions while Jet Airways is represented by its chairman Naresh Goyal

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Financial Headwinds

Facing a cash crunch and having posted losses for the second successive quarter, Jet Airways is now aiming for a turnaround

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