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BusinessToday.In
New Delhi, March 21, 2019
SBI has asked Naresh Goyal along with his wife Anita Goyal, Executive Director Gaurang Shetty and Independent Director Nasim Zaidi to step down from Jet board as part of bank-led resolution plan.


PTI
New Delhi, March 21, 2019
Jet pilots along with engineers and senior management have not been paid for more than three months now as the airline is facing its worst existential crisis since its inception a quarter of a century ago.


Manu Kaushik
March 20, 2019
On February 14, the troubled airline Jet Airways announced a bank-led provisional resolution plan (BLPRP) that detailed the plans of Jet's lenders, led by SBI, to take over the airline, and appoint a new board to revive the struggling carrier.


PTI
New Delhi, March 20, 2019
In September last year, the regulator had decided to levy a nominal fee of Rs 1 lakh per exchange instead of levying charges based on turnover slab rates and proposed to set up a fund with the fee foregone by it.


Anand Adhikari
New Delhi, March 20, 2019
The lenders, led by SBI, have already agreed to convert a part of their Rs 8,000-crore debt into equity to take a majority stake in the Jet Airways, while also pumping in more funds.


Nevin John
New Delhi, March 18, 2019
Tata Steel, pioneer of several HR innovations, believes in providing employees job security, career growth and work-life balance.


Anand Adhikari
March 12, 2019
The IDBI Bank now has Rakesh Sharma with three-year tenure to effect a turnaround post the entry of Life Insurance Corporation (LIC) as its new promoter.


PTI
March 12, 2019



Anilesh S Mahajan
New Delhi, March 8, 2019
Pakistan Prime Minister Imran Khan is left with very few political options to quell terror outfits and their leaders.


PTI
February 27, 2019



PTI
February 26, 2019



PTI
February 25, 2019



BusinessToday.In
New Delhi, February 15, 2019
Jet Airways' board approved the debt-to-equity swap resolution plan that will see a consortium of banks led by SBI emerge the largest shareholders with over a 50% stake while promoter Naresh Goyal will see his stake fall to 20-25% .


PTI
February 15, 2019



BusinessToday.In
New Delhi, February 14, 2019
The Bank Led Resolution Plan (BLRP) by lenders estimated a funding gap of Rs 8,500 crore (including proposed repayment of aircraft debt of Rs 1,700 crore) to be met by appropriate mix of equity infusion, debt restructuring, sale and lease back of aircraft, among other things.


PTI
February 7, 2019



Manu Kaushik
February 4, 2019
The budgetary allocation for Air India's TAP in 2019/20 is far lower than the allocations in the previous years.


PTI
January 30, 2019



BusinessToday.In
New Delhi, January 29, 2019
The stressed accounts, which also include Bhushan Power, Alok Industries, ABG shipyards, Amtek Auto, Lanco, Era Infrastructure and Jyoti Structures, owed nearly Rs 2.5 lakh crore to lenders.


PTI
January 27, 2019
Ajay Singh said that SpiceJet made profits for 14-15 quarters in a row and it was only the last 2-3 quarters that were difficult, largely because of the massive increase in oil prices.


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