The airline will navigate through these challenging times and work towards our long term growth and profitability, says Dube.

Tata Sons board members reportedly urged Chandrasekaran and his team to appoint external consultants to aid in the due diligence process and make it as comprehensive as possible amid concerns of a jump in the Naresh Goyal-promoted airline's liabilities.

DBS Banking Group says that knee jerk gains in bonds are likely, before returning to familiar drivers particularly in midst of the sharp overnight sell-off in the US markets

Prime Minister Narendra Modi sets an ambitious target of India breaking into top 50 nations on the World Bank's ease of doing business ranking and said efforts are on to nearly double the size of country's economy to USD 5 trillion.