Epic Update : Jet Airways

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Epic Research
Aviation ministry rebuts malpractice charges in Heathrow slot trade
Sources say:
Slots at Heathrow can be traded after 2 years of allotment
Govt has no role in slot allocation at Heathrow airport
Jet obtained FEMA nod from RBI before selling slots
Air India operations at Heathrow not impacted by slots sold by Jet
Air India utilising only 2 out of 4 slots at Heathrow airport
Alert: Jet sold 3 slot pairs at Heathrow to Etihad for USD 70 million
 
Epic Update : Jet Airways

DEA sent missive seeking information on July 10
DEA sent second missive on July 19
DEA wants Jet and Etihad to expedite replies
Foreign Investment Promotion Board (FIPB) may consider Jet-Etihad proposal on July 29
If no reply forthcoming, then FIPB may defer matter.
 
Epic Update : Bajaj Auto

Around 798 workers reported to work
To produce 1,900 vehicles at Chakan & 1100 Pulsars at Waluj today
Achieved 100 percent requirement of Pulsar, Avenger & KTM
 
Epic Update : Tata Motors

Tata Motors long-term rating at BB
Cuts Tata Motors long-term rating outlook to stable from positive
Tata Motors rating outlook cut on likely hike in leverage
 
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