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Jet Airways faces imminent shutdown without emergency funds: sources

Bankers and an Indian govt official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline.

17 Apr 2019 9:53 AM

Jet Airways operating 5 planes, seeks emergency funds from banks

The cash-strapped airline has already suspended its international operations till April 18.

16 Apr 2019 9:16 PM

Amid reports of Jet Airways temporary shut down, Goyal out from bidding

Jet Airways is grappling with acute financial crunch and is operating less than 10 planes besides temporary shut downs.

16 Apr 2019 2:25 PM

Naresh Goyal opts out from bidding for ailing Jet Airways

Airline sources said Jet Airways founder Naresh Goyal has withdrawn the bid for the airline.

16 Apr 2019 1:18 PM

Jet pilots appeal SBI to release Rs 1,500 cr funds, asks PM to save 20,000 jobs

The airline's pilots along with engineers and senior staff were last paid for December, 2018.

15 Apr 2019 11:45 AM

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Jet Airways pilots body defers 'no flying' call ahead of lenders meet

SBI considering a proposal to infuse 10 billion rupees (USD 145 million) to keep the airline afloat.

15 Apr 2019 8:46 AM

Six of top-10 firms lose Rs 42,827 cr in m-cap

The m-cap of Tata Consultancy Services (TCS) slumped Rs 14,146.5 crore to Rs 7,55,636.47 crore.

14 Apr 2019 2:10 PM

Naresh Goyal may submit bids for stake in Jet Airways

The airline currently owes Rs 8,000 crore to lenders, led by the SBI.

11 Apr 2019 1:13 PM

SBI extends date for deadline for stake sale in Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30.

11 Apr 2019 11:15 AM

Following smaller peers, SBI cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate is down to 8.50 per cent now from 8.55 per cent earlier.

10 Apr 2019 8:38 AM

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SBI invites EoI to sell two dud accounts to recover Rs 423 crore

The e-auction for the NPA accounts -- Kamachi Industries and SNS Starch --is scheduled for April 25, 2019.

08 Apr 2019 2:56 PM

Jet Airways lenders lay out bid terms for 75 per cent stake in airline

Jet’s lenders, under the proposed bailout terms, would hold just over 50 per cent of the airline.

08 Apr 2019 1:08 PM

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

08 Apr 2019 9:52 AM

Bidding process for Jet Airways likely to begin from April 8

SBI is the lead lender to Jet Airways, which has a debt burden of Rs 8,000 crore.

07 Apr 2019 5:14 PM

Sale of electoral bonds skyrocket by 62 pc in election year: RTI reply

This year in January and March State Bank on India has sold Electoral Bonds worth Rs 1716.05 crore, the RTI response said.

02 Apr 2019 12:27 PM

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Bank of Baroda becomes second largest PSU bank after SBI

BoB completed share allotment to shareholders Dena Bank and Vijaya Bank as per the scheme of amalgamation.

01 Apr 2019 12:49 PM

Seven of top 10 most-valued cos add Rs 57,403 cr in m-cap

The m-cap of RIL zoomed Rs 13,297.66 crore to Rs 8,63,995.66 crore and that of HDFC Bank climbed Rs 12,208.98 crore to Rs 6,30,853.98 crore.

31 Mar 2019 1:01 PM

Jet Airways chairman Naresh Goyal steps down as banks move in with rescue plan

Banks have moved in to take a majority stake in the airline after Jet failed to convince potential investors.

26 Mar 2019 11:38 AM

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per anum.

23 Mar 2019 10:34 AM

India state banks want Jet Airways' Goyal to reduce stake to 10 pc: report

government has asked state-run banks, led by SBI, to rescue Jet without pushing it into bankruptcy.

22 Mar 2019 9:44 AM

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