The ongoing agitation of the pilots at Jet Airways has taken a toll on the company's shares as well. The stock has been at the receiving end of the investors' ire which has plummeted more than 10% in the last two sessions. Jet chairman Naresh Goyal told a TV channel Tuesday night that the pilots have held the airline and the to ransom. He added that he will not hesitate to shut down operations if the employees do not comply with the company's principles. Market watchers said the crisis came at a time when concerns about the prospects of the aviation ...

The Reserve Bank today said the soft monetary policy adopted by it to counter the impact of the global financial meltdown on the country will continue till the economic recovery is secured. "Especially on monetary policy, we will not exit unless we are sure that recovery is secured ...but soon thereafter when we make the judgment that the recovery is secured, we have to unwind the accommodation monetary policy," said RBI Governor, D. Subbarao. However, the Governor added, the government and the RBI will have to take a call on exiting from stimuli given for perking up the slowing down economy sooner ...