Jet Airways founder Naresh Goyal stopped at Mumbai airport - Daily Business Wrap - video Dailymotion

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Read the full story here: https://bit.ly/2HS5dpC  See more videos at https://gulfnews.com/videos  Read more Gulf News stories here: https://bit.ly/2HLJ2km  Indian Immigration authorities on Saturday stopped former Jet Airways chief Naresh Goyal and his wife from travelling to London, an official said, months after the debt-laden company grounded its fleet.  #JetAirways #NareshGoyal #aviation

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00:00India's debt-laden Jet Airways is still making headlines as its founder and former chairman

00:06was stopped from flying to London at Mumbai's international airport.

00:10Naresh Goyal and his wife Anita Goyal were taken into custody by airport authorities

00:15after they stopped the flight from taking off to Dubai just as it was on the runway.

00:19Officials gave no explanation as to why the couple was stopped from traveling, but media

00:23reports said that they were later allowed to leave the airport.

00:26The travel ban came just about two months after Naresh Goyal stepped down from his position

00:30as chairman of the board of directors of Jet Airways while his wife stepped down from her

00:34position as a board member as the airline grounded all its aircraft and all its fleet

00:39due to a liquidity crisis.

00:40For now, Jet Airways is studying bids from potential investors who are vying for a stake

00:44in the airline.

00:45In other news, all eyes will turn to Saudi Arabia's stock market this week as Saudi

00:49stocks are added to the MSCI's Emerging Market Index as of the end of May 28.

00:54The addition onto the MSCI's Emerging Market Index is expected to bring in billions of

00:59dollars worth of foreign investment into Saudi Arabian stocks, though analysts worry that

01:03share prices may already be a bit too high.

01:05Saudi Arabia's stocks will also next year be upgraded onto the FTSE Russells Index.

01:10For more details on these stories and more, please do check us out at gulfnews.com forward

01:14slash business.

01:15This has been the Daily Business Wrap.

01:17Thanks for watching.

Jet Airways founder Naresh Goyal stopped at Mumbai airport - Daily Business Wrap

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