Auto sector slowdown has hit the Chennai-based firm, which reported a 50 per cent decline in total domestic sales at 8,296 units for August.

The overall volume at India's top four medium and heavy commercial vehicle makers - Tata Motors, Ashok Leyland, Volvo Eicher, and Mahindra & Mahindra - fell 59.5 per cent year-on-year to 31,067 units in August

The share of cash-strapped Jet Airways has hit 5 per cent lower circuit in intra-day trade on Tuesday after reports suggested that two potential investors, Volcan Investments and Eithad Airways, decided to back out.

Jet Airways stake sale: Etihad Airways which owns 24 per cent stake in Jet has not submitted its bid on Saturday. It was the last day of the bidding process which was extended for a week on August 3.

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Ashok Leyland Q1 results: Consolidated total revenue fell by 9 per cent to Rs 5,684 crore in Q1 of FY 2019-20, against Rs 6,263 crore in Q1 of FY 2018-19

Jet Airways Crisis: Etihad Airways and Hinduja Group which opted out of the fray to kick-start the airline earlier are likely to submit a joint Expression of Interest (EoI) to resurrect Jet.

The narrative looks at the man and his strategies which helped create one of the most valued banks globally. The excerpts below are published with the permission of Jaico Publishing House

The National Company Law Tribunal has asked the IRP to submit a status report on the resolution process every fortnight. The first status report is to be submitted on July 5

Calling it a matter of \"national importance\", the Mumbai bench of NCLT asked the IRP to take control of Jet Airways' assets and resolve the matter within three months

The sudden rise in Jet Airways stock comes ahead of an order to be passed by National Company Law Tribunal (NCLT) on insolvency plea filed by country's largest lender SBI.

The creditors have been looking for a non-bankruptcy resolution ever since its temporary shutdown in April; Jet Airways owes over Rs 8,500 crore to the SBI-led consortium of banks

The decision of the lenders to seek bankruptcy comes exactly two months after the airline stopped flying on April 17, after being on the fringe since last July

Meanwhile, two independent directors of Jet Airways stepped down from the company's board, citing the failure of the bank-led resolution plan for the debt-laden airline as one of the reasons.

Captain Asim Valiani, President of the pilot union National Aviators Guild said that many employees did not accept good offers because they believed that revival was on the cards

Jet Airways share price opened at a loss of 9.96% at 61.50 level on BSE. Jet Airways share price has fallen 45.06% during the last one week. The stock has fallen 84% during the last one year and lost 77.85% since the beginning of this year.

Jet Airways crisis: After failing to find a resolution outside the bankruptcy framework for the debt-ridden Jet Airways, the SBI-led consortium has decided to move the NCLT for realising their dues

Jet Airways share opened at a loss of 7.62% at 75.80 level on BSE. Jet Airways share price has fallen 43% during the last one week. The stock has fallen 81% during the last one year and lost 75% since the beginning of this year.

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Jet Airways share price slumped over 23%  to 84.80 level compared to the previous close of 110.40 on BSE. Jet Airways share opened at a loss of 9.96% at 99.40 and fell to a fresh 52-week low of 84.80 on BSE.