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Naresh Goyal may submit bids for stake in Jet Airways

The airline currently owes Rs 8,000 crore to lenders, led by the SBI.

11 April 2019 1:13 PM IST

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

SBI extends date for deadline for stake sale in Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30.

11 April 2019 11:15 AM IST

The share price of SBI slumped 3.79 per cent to close at Rs 304.45 as the quarterly numbers were below what the market participants had anticipated.

Business

Following smaller peers, SBI cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate is down to 8.50 per cent now from 8.55 per cent earlier.

10 April 2019 8:38 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Business

SBI invites EoI to sell two dud accounts to recover Rs 423 crore

The e-auction for the NPA accounts -- Kamachi Industries and SNS Starch --is scheduled for April 25, 2019.

8 April 2019 2:56 PM IST

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

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet's lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

8 April 2019 1:08 PM IST

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