General Trading Chat

Today's move in Jet Airways reminds me of the day the PSU banks went up 40-50% on the announcement of recapitalization plans. Maybe the longs should be careful here, there is only a rumor of takeover by the Tatas, no confirmation. Even if the rumor is confirmed, the devil will be in the details, and the timeline. Many a slip between the cup and the lip.



Modi govt asked Tata to explore buying stake in Jet, rescue airline: Report

Tata Sons in talks with government about potential haircut to state-run banks on Jet's loans

Anurag Kotoky & Bhuma Shrivastava | Bloomberg November 15, 2018 Last Updated at 20:14 IST




Prime Minister Narendra Modi's government has sought Tata Sons Ltd's help to rescue struggling Jet Airways India Ltd, people familiar with the matter said.

Tata Sons is in talks with the government about a potential haircut to state-run banks on Jet's loans while Airports Authority of India may forego some of its dues, one of the people said, asking not to be identified as the discussions are private. The Tata Sons' board is due to deliberate on the matter on Friday, the people said.

Tata spokesman declined to comment while aviation ministry spokesman did not answer multiple calls and a text message sent to his mobile phone.

Any investment by Tata Sons will catapult the group to the top league of Indian aviation, dominated by budget carrier IndiGo, while providing a lifeline to Jet Airways, which is falling behind on payments to lessors and employees. A deal that prevents the airline from going bust will save Modi's administration, which last month had to overthrow the board of an infrastructure financier that was missing payments, the embarrassment of staring at business meltdown ahead of a general election due early next year.

The Economic Times earlier today reported that Tata is weighing a potential all-stock merger of Jet Airways with its own local venture with Singapore Airlines Ltd. Jet in a statement to the stock exchange, said the report was speculative.

A deal with Jet Airways, in which Abu Dhabi's Etihad Airways PJSC owns a 24 per cent stake, will give Tata Group access to some lucrative assets in the aviation business -- landing and parking slots in airports from Bangkok to Amsterdam, a large fleet of aircraft, and an established domestic network.

The potential structure of the deal has not been finalised, the people said. One of the options is to merge Jet Airways with Vistara, an airline venture Tata runs with Singapore Airlines, one person said. However, difference in fleet and brand identity could mean two brands continuing separately, at least for now, the person said.

Tata Sons also runs a local low-cost airline with Malaysia's AirAsia Group Bhd. The two existing Tata-operated airlines have a combined market share 8.2 per cent in September, compared with Jet's 15.8 per cent.

https://www.business-standard.com/a...jet-rescue-airline-report-118111501298_1.html
 

siddhant4u

Well-Unknown Member
Today's move in Jet Airways reminds me of the day the PSU banks went up 40-50% on the announcement of recapitalization plans. Maybe the longs should be careful here, there is only a rumor of takeover by the Tatas, no confirmation. Even if the rumor is confirmed, the devil will be in the details, and the timeline. Many a slip between the cup and the lip.



Modi govt asked Tata to explore buying stake in Jet, rescue airline: Report

Tata Sons in talks with government about potential haircut to state-run banks on Jet's loans

Anurag Kotoky & Bhuma Shrivastava | Bloomberg November 15, 2018 Last Updated at 20:14 IST


https://www.business-standard.com/a...jet-rescue-airline-report-118111501298_1.html
Nationalise Tata's airline, make it Air India, Ask Tata to pay to buy already struggling Jet Airway !! Indian govt has good policies...
 

VJAY

Well-Known Member
Someone please resolve this issue

My Jio Wifi disconnecting after every 5/10 minutes, since evening
Any solution
Just try to switch off it for 1-2 minuits and the restart...it may resolve the issue
 
Nationalise Tata's airline, make it Air India, Ask Tata to pay to buy already struggling Jet Airway !! Indian govt has good policies...
I think that Air India was originally a Tata company, and was then nationalized by Indira Gandhi or something. That was when JRD Tata challenged the government and asked them to outsource Indian Railways to the Tata group :)

https://en.wikipedia.org/wiki/Air_India
 
Thanks bro

already tried, many times
even battery taken out and replaced
but to no solution :mad:
In that case, poor connection today. Just go for your backup connection.
 

sabhlok_r

Well-Known Member
Update @ 1.10 pm-15 nov 2018
Black wave 5 is getting extended and its subwaves are shown in cyan color. Thanks to the extending wave 5. the fall after extending wave 5 will be of the same behavior of this extending wave 5.Now we can rise our target 600 points fall to 750 points of fall based on cmp zone. once it completes the cyan wave 5 we will know exactly how many points it might fall with respect to 25389.

View attachment 30650
Update @ 2.33pm on 15 nov 2018
Cyan wave 5 is also likely be extending since its respective wave 3 didnt move to 1.618% of Fibonacci zone . so we can expect approximately 0.618% of length of wave 1-3 (cyan) for cyan wave 5 to end ie 26279.9 which is closer to 26268 zone which i mentioned earlier
In the below chart I have also moved the confirmation level for downtrend.
View attachment 30656

Update @ 3.29pm on 15 Nov 2018. The cyan wave 5 so far has made abc up and abc down. behavior of diagonal pattern.So we can anticipate diagonal pattern for cyan wave 5. Tomorrow is going to be atleast 300-400 points fall from tomorrow's high around 26268-26279 zone View attachment 30666
16 Nov 2018@ 10.13am
Looks like wave 4 was a flat and now wave 5 looks like complete with wave extensions and impulsive down is seen in 1 min chart. So I believe waves are completed and downmove has started and we will get the confirmation once it breaks below the confirmation point. Count might call for adjustment only if it crosses above wave 5 end ie 26329 zone
View attachment 30700
Went till 26333 and now below 26280, so is the wave 5 complete now? Time to go short....
 

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