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Reliance is not among the parties that submitted an Expression of Interest (EoI) to the lenders for acquiring Jet Airways. One source, who did not wish to be identified, said it may join UAE-headquartered Etihad

Jet has offered to offload between 32.1 per cent to 75 per cent stake to an eligible investor after evaluating all bids. Till now, the lenders have received expression of interest (EoI) from four-five parties.

From a pool of 450 senior management personnel across nationalised banks, an inaugural batch of around 75 personnel has been identified this year to help nationalised banks take on the current and emerging challenges.

Shares in Nissan, mired in a financial misconduct scandal involving Ghosn and the company itself, were trading down 1.2 per cent early on Friday, versus a 0.6 per cent rise in the broader market.

Munoz is the latest foreign executive to be brought in to a South Korean automaker dominated by lifelong loyalists, as heir-apparent Euisun Chung strengthens control of the conglomerate chaired by his aging father.

Air India’s Chairman and Managing Director Ashwani Lohani said: “In tune with Air India’s role and responsibilities as the national carrier, we would be happy to alleviate this inconvenience by considering the possibility of operating

A regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of the

The Income-Tax Department said multinational companies that are incurring global loss, or profit margin of less than 2%, will be deemed to have made a profit of 2% of Indian revenue or turnover and will

At 16.7 per cent year-on-year (y-o-y), growth in retail loan outstandings in February 2019 was significantly slower than the 20.4 per cent growth recorded a year ago.

Jet Airways said it was informing all its passengers about the suspended flights via text, phone calls or other avenues, and would also refund the ticket money. The airline has issued a list of instructions

Speaking at the launch of the book, Citizen Raj, authored by economist Surjit Bhalla, Jaitley said that the socio economic profile of India is changing very fast, with the middle class and neo middle class

The 6-member Monetary Policy Committee (MPC) decided to reduce the policy repo rate by 25 basis points to 6 per cent in a 4-2 majority decision.

As many as 440 slots that are vacant at Delhi and Mumbai airports will be reallocated to other airlines on an interim basis through a “rational, fair and equitable” manner, Kharola said.

“This is our last flight. The operations have been temporarily suspended. We hope to fly again soon. When we do, do book with us.”

If bidding process fails, airline to be taken to bankruptcy court.

A Mumbai Central resident earns Rs 35,000 monthly by lifting cargo. His March salary remains pending, and there are four stomachs to feed.

Employees of Jet Airways decide to report for work, vote NOTA or abstain

Most of the employees pointed out how the crisis has left them in the lurch. Sangeeta said she has not even been able to pay the school fee of her son, who studies in Class

Revenue increased by 19.4 per cent to Rs 154,110 crore from Rs 129,120 crore in the same period of last year. However, on a standalone basis, RIL’s net profit was down 1.6 per cent at

Passengers holding confirmed RT tickets on Jet Airways will be allowed to avail special stranded passenger fares from the destinations common with Air India, it said.

The national carrier is looking at leasing five of the grounded carrier Jet Airways Boeing 777s and operate them to London, Dubai and Singapore.

The scrip of the company rose by 2.79 per cent to settle at Rs 1,382.90 on the BSE. During the day, it gained 3 per cent to Rs 1,387. On the National Stock Exchange (NSE),

Ratan Tata and the other directors earlier approached the high court, seeking to quash and stay the proceedings initiated against them by a magistrate court in the 2016 criminal defamation case filed by Nusli Wadia.

Market analysts said the decline in the stock was largely a knee-jerk reaction of the temporary suspension of operations for the struggling airline. 

In a statement released on Thursday, the lenders said, "The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors