While few details emerged from the meeting, officials said that Etihad Airways wanted Jet Airways promoter and founder Naresh Goyal to reduce his stake to 20% while being given a board seat
3 min read17 Jan 2019The government has taken a number of measures, like having a very good board of directors, with distinguished industry leaders as independent directors, says civil aviation minister Suresh Prabhu
1 min read15 Jan 2019With Jet Airways set to run out of cash in about a month, the Naresh Goyal-promoted airline is now looking to restart talks with Tata Group
2 min read10 Jan 2019Jet Airways proposed a 'resolution plan' that would involve making payments on loans originally due in December, January and February in several tranches between March 31 and September 30
1 min read10 Jan 2019There is little relief in sight for Jet Airways' investors in the near future unless a strategic buyer with deep pockets emerges and saves the day
2 min read22 Jan 2019The Jet Airways' debt resolution plan, if approved by all stakeholders, will trigger a change in Jet Airways' shareholding pattern, with founder chairman Naresh Goyal's stake falling below the current 51%
2 min read10 Jan 2019JLR is pursuing a 2.5 billion-pound ($3.2 billion) turnaround plan after its parent, India's Tata Motors Ltd., posted larger-than-expected losses in the second quarter
1 min read20 Dec 2018The government fund infusion will help Air India meet its operational costs, though it is yet to receive from the government the modalities of utilizing the funds
2 min read21 Dec 2018Banks have two demands from RBIa six-month moratorium before bad loan provisioning norms kick in and, after the moratorium, application of standard provisioning norms for IL&FS loans
3 min read14 Dec 2018Etihad Airways offers to guarantee loans worth $150 million to keep Jet Airways operational
2 min read7 Dec 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared