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%

Srei Equipment Finance Ltd and Bank of Baroda will come together to offer joint loans for infrastructure equipment under a new agreement, company officials said on Thursday.

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.

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 bankers are well aware that if they don't give out the money, the Jet board has recommended stopping operations

Some of Jet Airways' lenders want founder Naresh Goyal to pledge more of his shares as collateral for advancing further loans. The airline's management is due to meet today to consider next steps

Jet, which also owes vast sums to lessors, suppliers, pilots and oil companies, has been losing planes in recent weeks as lessors scramble to de-register and take back their aircraft, even as Jet's lenders have sought expressions of interest in the carrier from potential investors.

Goyal's expression of interest in regaining the control of the airline is yet to be legally scrutinised by the lenders, but his interest leads to three disparate possibilities

SBI chairman Rajnish Kumar has already made it clear that \"nobody is barred from bidding or taking over the airline\" as per the rules.

Share Market Update: PC Jeweller, Tata Steel, Spicejet, Infibeam Avenues and Tata Motors were the top gainers of the day on BSE.

Jet Airways crisis: A SpiceJet executive said that they are offering salaries based on their own structure and not the inflated salary paid by Jet Airways.

Shares of SpiceJet surged over 9 per cent intraday on Friday as the budget Indian airline announced the induction of 16 Boeing 737-800 NG aircraft over the next 10 days.

Budget Indian airline SpiceJet Ltd said on Friday it planned to lease a \"first lot\" of 16 Boeing Co 737-800s to help fill a gap in aviation capacity that ratings agency ICRA said has pushed up fares by 30 to 40 percent since September.

Share Market Update: On the sectoral front, BSE FMCG, Auto and Power index were among the top gainers on the BSE.

The loss of aircraft and friction with lessors is just the latest major setback for Jet, which has been struggling for years, beset by an insurgent group of low-cost Indian competitors

Jet Airways, which has a debt of a billion dollars, has failed to pay lenders and aircraft lessors and has grounded one third of its fleet.

Hitesh Patel, an accused in the Rs 8,100-crore bank loan fraud allegedly perpetrated by Gujarat-based Sterling Biotech group, has been detained in Albania on the basis of an Interpol notice issued against him by the ED, officials said Friday.

With Etihad Airways looking to exit the beleaguered Jet Airways, lenders are set to re-initiate talks with the Tata Group as a possible new investor in the Indian airline.

The market has turned flat following Nifty trading down by 0.08 per cent and Sensex up by 0.09 per cent.

The share opened 2.5 percent above the last close in both the exchanges and climbed up to 4.99 percent reaching the highest intra-day ever recorded for the stock of Rs. 636.20 in BSE and Rs. 635.25 on NSE.