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Jaypee group is selling its assets to reduce debt.

Business

Lender tears into Jaypee Infra bid evaluation process

IIFCL tore into its valuers assuming a much less toll collections from Jaypee-built expressway.

22 April 2018 6:20 AM GMT

Bank stocks on Tuesday gained up to 5 per cent.

Business

Bank stocks climb up to 5 per cent on RBI move

The move is expected to optically cushion profitability in the near term.

3 April 2018 8:21 AM GMT

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Business

Lenders considering resolution plan for Jet Airways: SBI

Shares of the airline are trading 4.24 per cent lower at Rs 259.50 apiece on BSE.

17 Jan 2019 6:21 AM GMT

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Business

Lenders propose to revive Jet Airways by management change: source

Jet Airways has a debt of over Rs 8,200 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.

21 March 2019 5:32 AM GMT

Business

Lenders to make every effort to keep Jet Airways flying: SBI

Pilots union of Jet Airways had threatened to stop flying from April 1 if their salaries are not paid by Mar 31.

20 March 2019 11:09 AM GMT

Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

Business

Lenders sell 12 crore shares of Reliance Communications

Company has been reeling under a debt of around Rs 47,000 crore and has opted for invoking bankruptcy proceedings.

14 March 2019 3:41 AM GMT

Business

Jet Airways will do everything to revive airline, says CEO

The company has requested banks for 10 billion rupees (USD 143.29 million), Dube said.

23 April 2019 11:30 AM GMT

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

Jet Airways crisis: Lenders explore ways to use 15 planes, protect...

Banks had rejected emergency funding request of Jet Airways that forced it to ground operations.

19 April 2019 10:52 AM GMT

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Business

Jet Airways lenders 'reasonably hopeful' of successful bids for...

Jet Airways halted all flight operations indefinitely after lenders led by SBI declined to extend more funds.

18 April 2019 2:59 AM GMT

Business

Lenders to Jet working on revival, no final decision yet: PNB MD

SBI Capital Markets is working on the revival package for Jet Airways.

17 April 2019 3:17 AM GMT

The lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on the sale of the stake in the Company. (Photo: ANI)

Business

Jet airways lenders meet, intend to pursue bank-led resolution plan...

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes.

5 April 2019 4:04 AM GMT

Interestingly, JSW Cement is also very close to commissioning its captive power plant at Salboni for uninterrupted power supply at competitive rates. Besides, it has dedicated rakes for ensuring timely & quick delivery of raw materials and a fleet of trucks to facilitate smooth transport of cement to its dealers and sub-dealers.

Business

Lenders approve JSW's Rs 1,550 crore bid for ACCIL

The total admitted debt in the resolution process was around Rs 6,500 crore.

29 Jun 2019 9:41 AM GMT