Jet Airways share, which hit a fresh 52-week low of Rs 27 in trade on Thursday, has rallied over 140 per cent in the last three trading sessions amid heavy volume due to speculative trade

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

The SBI had filed an insolvency petition against Jet Airways before the Mumbai bench of NCLT on Tuesday; considering the airline's low assets value and high debt it could be head towards liquidation

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

Budget 2019: A statement by Finance Ministry also said that capital infusion in PSBs and a separate bond exchange were among other issues discussed.

Looking forward, the bank is well-positioned on the back of strong business growth, capital and liquidity, and the ability to charge spreads to be in leadership positions, SBI said in its annual report 2018-19

Following the closure of Jet Airways' operations, SpiceJet, Vistara and AirAsia had approached the airline to buy its narrow-bodied aircraft B737

There was speculation in the market that the Hinduja Group may bid for Jet Airways this week, having got the approval of its key stakeholders, including founder Naresh Goyal and Etihad

As per the formula worked out, the grounded airline's foreign flying rights would be allotted to airlines ranked in terms of available seat kilometres, after giving Air India first claim. Domestic carriers reportedly allege that this gives market leader IndiGo an unfair edge.

Exit polls, election outcome to set tone for marketsEquity markets will track election trends this week as the exit polls showed that the ruling NDA is likely to come back to power. The results of the seven-phase polls will come out Thursday and experts opined that markets have partly discounted exit poll outcome in the last few days. Most exit polls Sunday forecast another term for Prime Minister Narendra Modi, with some of them projecting that BJP-led NDA will get more than 300 seats to com...

SBI chairman Rajnish Kumar said that many investors are showing interest in buying stake in Jet Airways

While the bank has seen an accelerated pace of recoveries, it's still far behind the write-offs. In the past five years, SBI's total recoveries stood at Rs 96,920 crore. Of this, Rs 13,678 crore came from the written-off accounts in the last two fiscals, and Rs 9,181 crore in the three preceding years

The meeting comes two days after the consortium proposed to take over the ailing airline, with at least Rs 3,000 crore expected from outside investors for the bid