A look back at some of our biggest and best stories from this week. In case you missed them, here's a recap:
1. Why banks were reluctant to give emergency funds to Jet Airways and what happens next, explained
Lack of visibility on
Jet Airways’ cash flow generation, inability to service debt repayment, and most importantly, the fear of witch hunt by investigative agencies weighed on bankers' mind as they turned down CEO Vinay Dube's request for emergency funding for the debt-ridden carrier. Full story here 2. Ex-Jet Airways employee offers jobs to the distressed airline staff in his company
A former cabin crew member of Jet Airways, who co-founded real estate consultancy firm Sai Estate Consultants, has offered jobs to the airline's distressed employees, who find themselves in the middle of nowhere as the carrier has suspended all its operations temporarily.
Full story here 3. What is your Jet Airways ticket worth now?
Earlier this week,
Jet Airways made the painful decision of suspending their flights with effect from April 17, 2019. For a while before that, they were trying to sustain operations at the bare minimum, using 7 aircraft. The impact of this move is going to be felt for a while to come, because, the fate of many travellers is linked to the airline they choose. Full story here 4. Anand Mahindra lauds Mukesh Ambani, says Reliance Jio could give Amazon 'a run for its money'
Mukesh Ambani is one of the world’s most successful businessmen. He is the chairman of Reliance Industries Ltd, the founder of Reliance Jio, a billionaire with a net worth of $55 billion.
But there's more to him than meets the eye.
According to Anand Mahindra, the chairman of business conglomerate Mahindra Group, Ambani is a visionary and even more ambitious than his father Dhirubhai.
Full story here 5. Congress' basic income plan has one big catch, reveals French economist Thomas Piketty
The Rs 3.6 lakh crore basic income scheme promised by the country's main opposition Congress party, if it’s voted to power, is short on details on financing.
That's the view coming in from famed French economist
Thomas Piketty, a supporter of Congress' minimum income guarantee proposal called NYAY, short for Nyuntam Aay Yojana. Full story here 6. There is no 'Make in India' yet
Index of Industrial Production (IIP) print of just 0.1 percent, a 20-month low, is telling in that it confirms a slowing of the economy, which CNBC-TV18 has been pointing to for some time now, through several ground-level checks with dealers and industry players.
What’s more worrying, though, is that the average investment proposals are down about 18 percent compared to the fiscal year 2004-2009 period, according to data compiled by Centre for Monitoring Indian Economy (CMIE).
Full story here 7. The 8 Indian startups picked for Sequoia India's Surge accelerator programme
Seventeen startups from India, Indonesia, Singapore, Vietnam and Bangladesh have made it to the inaugural cohort of venture capital firm Sequoia’s Surge programme. Selected from 1,570 applications, these startups span a wide range of sectors, including travel and hospitality, ecommerce, edtech, fintech/insurtech, consumer brands, SaaS, healthtech and B2B commerce.
Full story here 8. WhatsApp is coming up with a new security feature. But there's a catch...
WhatsApp has come up with its new 2.19.106 version, bringing some new features on the app. Among the new features is the new finger authentication feature, said wabetainfo.com that tracks WhatsApp updates. When enabled, your fingerprint will be required to unlock the app. While you can reply to messages from notifications and answer calls even if the app is locked. However, there is a
catch. 9. PODCAST | The big biosimilar opportunity, according to Morgan Stanley
The medicinebox podcast gives you vital insights on all things pharma and health — from discussing trends in the industry to key issues in health with all the relevant experts.
The third series focuses on the top sell-side analysts covering the pharma and healthcare sector. They share their views on the big emerging trends, the big growth markets, R&D and more.
Tune in right now 10. VISUAL STORY |A walk down Notre-Dame’s memory lane
The Notre-Dame cathedral in central Paris has been facing the banks of Seine for the last 800 years, prized for its vision and detail and lodestar for both pilgrims and tourists attractions.Earlier this week, the world watched in horror as the Gothic cathedral was significantly damaged by a fire. As attention turns to its rebuilding, here is a collection of images that attests to its huge popularity. Have a