Air India's proposal is likely to be a part of the agenda for its next board meeeting scheduled on April 27

Given the precarious situation of Jet Airways, the balance sheet clearly leaves nothing for the existing equity shareholders

GVK to sell stake in GVK Airport Holdings to ADIA and NIIF; GVK holds 74% stake in Mumbai International Airport Ltd (MIAL), while Airports Authority of India owns the remaining 26%

The value of informal trade between India and Pakistan was estimated at USD 4.7 billion in FY13. Of this, India's exports to Pakistan were estimated to be USD 3.99 billion and imports from Pakistan USD 0.72 billion. Most of India-Pakistan informal trade flows through third country, in particular Dubai

Indian benchmark indices, Sensex, Nifty, closed lower in volatile trade on Thursday; RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, were among top gainers

The Bombay High Court refused to intervene in the Jet Airways crisis, saying it cannot direct the government and the Reserve Bank of India to rescue a sick company

Based on FY18 financial statements of the BSE-500 constituents, IiAS identified 75 companies that can return cash of up to Rs 1.1 lakh crore to shareholders

SpiceJet Chairman & MD Ajay Singh said Thursday that SpiceJet will induct six more Boeing 737-800 NG aircraft on dry lease in addition to 16 Boeing 737 planes and five 90-seater Bombardier Q400 planes.

Boeing CEO Dennis Muilenberg said that the software fix for the anti-stall system is working as expected and the company is moving towards securing certification for the 737 MAX jets

Equirus Securities expects RIL's net profit and EBITDA to grow by 4.20 per cent and 1.90 per cent year-on-year; net sales may see 23.5 per cent growth

Shares of SpiceJet and InterGlobe Aviation continued gaining streak on Wednesday and stocks touched their 52-week high after rival Jet Airways announced that they would temporarily suspend all its international and domestic flights operations.

Jet Airways shares declined as much as 30.28 per cent and touched an intra-day low of Rs 166.20 against the previous close level of Rs 241.85 on the BSE

Share Market Update: RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, were the major gainers in the indices, while Jet Airways, Infosys, TCS and Hindalco were among top laggards.

The Jet Airways board had authorised chief executive Vinay Dube on Tuesday to make one last appeal to the SBI-led consortium to get a lifeline of Rs 400 crore, before taking a final call on the future of the airline

\"The company has reached out to our lead lender, State Bank of India yet again and stressed on the need for urgent funding requirements, critical to the continuation of the operations of our airline,\" said Vinay Dube, Chief Executive Officer of Jet Airways.

The BSE Sensex hit an all time high of 39,364.34 in intra-day trade and the NSE Nifty crossed 11,800 mark to hit a fresh high of 11,810.95; all the sectoral indices ended in positive terrain, barring realty stocks, led by bank, consumer durables and auto stocks

Shares of low-cost carrier SpiceJet gained as much as 13.75 per cent to Rs 135.80, close to its 52-week high level of Rs 139 touched on April 18, 2018, after the airline said it will add five 90-seater Q400 aircraft taking its Bombardier fleet size to 32.

The 90-seater Bombardier A400 is part of SpiceJet's second purchase order for up to 50 Q400 turboprops placed in September 2017 worth $1.7 billion.