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In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.

Business

BSNL to approach NCLT this week against RCom to recover Rs 700 cr

BSNL has already invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments, said sources.

17 March 2019 1:19 PM IST

Reliance Communications (RCom) on Friday said that it was in advanced talks with Ericsson to resolve commercial issues to exit the bankruptcy proceedings.

Business

RCom-Ericsson case: NCLAT declines to direct SBI to release Rs 259 cr

Apex court has asked RCom group to pay Rs 453 crore in four weeks, by March 19, failing which Ambani will have to go to...

16 March 2019 10:51 AM IST

Vijay Mallya, wanted in India on charges of fraud and money laundering amounting to around Rs 9,000 crore, had been on bail since his arrest on an extradition warrant in April last year. (Photo: AP)

Metros

Hearing on properties of Vijay Mallya deferred

The State Bank of India (SBI) and other lenders have sought the restoration of properties, saying they are interested...

14 March 2019 2:59 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

SBI to auction Rs 2,338 cr worth NPAs on March 26

SBI said except Mittal Corp and Shree Vaishnav, other auctions will be conducted under the Swiss Challenge method on...

12 March 2019 5:09 PM IST

Business

In a first, SBI links pricing of loans, deposits to repo rate

The repo rate is currently at 6.25 pc after the Feb 7 review where the central bank surprisingly lowered the repo rate...

9 March 2019 12:17 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Business

Five of top 10 firms together add Rs 35,503 crore in m-cap last week

Tata Consultancy Services (TCS) topped the chart among the gainers.

3 March 2019 10:33 AM IST

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

Business

Jet Airways founder agrees to step down, sources say; shares rise

Shares of Jet rose as much as 7 per cent in early trade on Friday.

1 March 2019 1:27 PM IST

Business

Ask SBI to release one month's salary to Jet Airways staff: NAG to PM...

The airline has not paid March salaries to its over 20,000 employees. Jet ceased operations on April 17.

29 April 2019 2:07 PM IST

$The beleaguered Jet Airways, which is flying just six-seven aircraft on Saturday, has asked its lenders to grant some \interim funding.\ (Photo: ANI)$ Business

Jet Airways CEO tells staff, 'No clarity or commitment on salaries...

Dube also said in the past few days the leadership team is trying to convince the lenders to release some funds to the...

26 April 2019 8:17 PM IST

The employees were holding placards -- Hear our cry! Let 9W Fly, We have dependents to feed. (Photo:ANI)

Business

Jet Airways employees hold protest at Town Hall in Bengaluru

Jet Airways employees on Monday held a protest here at Town Hall, appealing the Central government to save the private...

22 April 2019 8:24 PM IST

Business

SBI General launches cyber defence insurance for businesses

This offers protection against the growing threat of cyber breaches and is designed to protect against major insurable...

22 April 2019 2:06 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 crisis: Lenders keen on non-IBC resolution in case bidding...

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily.

21 April 2019 11:34 AM IST