Jet Airways' deputy chief executive and chief financial officer Amit Agarwal earlier this week had said the company was in talks with \"multiple interested parties\" for fund infusion.

Tata Sons board to meet today to decide Jet Airways takeoverThe board of Tata Sons is likely to meet Friday to discuss a proposal to take over the Naresh Goyal-controlled Jet Airways, which is looking for investors to tide over liquidity crunch that it has been saddled with, according to people familiar with the development. Airline's deputy chief executive and chief financial officer Amit Agarwal earlier this week had admitted that the company was in talks with \"multiple interested parties\...

Besides Goyal, who along with his family owns 51 percent stake in the carrier, Gulf carrier Etihad Airways holds 24 percent stake in the cash-strapped airline.

The uneasy truce is likely to see the RBI ease up on some lending restrictions to help the government stimulate the economy, said the sources.

Before the official announcement by PM Modi, the RBI's Central Board, in its meeting had differed with the government's claim that the note ban would curb black money circulation, citing that most cash was in the form of real estate.

The Reserve Bank of India permitted banks to grant partial credit enhancement to bonds issued by non-banking financial companies and housing finance companies, listed with the Reserve Bank of India  and the National Housing Bank respectively.

By current norms, a pilot has to serve 6 months' notice although specific clauses depend on one's contract.

The stock rose up to 12.59% or 27 points to intra day high of 240.90 on the BSE. The stock opened with a gain of 2.31% to 218.90 level compared to yesterday's close of 213.95. It has gained after two days of consecutive fall.

Jet Airways is in desperate need of fresh funds worth over $1 billion. The airline has said it is implementing a turnaround strategy but nothing seems to have worked so far.

The oil explorer burnt cash to buy HPCL, pay large dividend and is now being pushed for a share buyback to help meet the governments disinvestment target. Can increase in crude oil prices rebuild market sentiment?

The full service carrier, which is partially-owned by Abu Dhabi-based Etihad Airways, has delayed payment of salaries to its senior management, pilots and engineers due to its deteriorating financial health.

Imran Khan says he is working to nail down Saudi-style financing packages from two more unnamed countries to reduce the size of a potential loan from the IMF.