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ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

Business

ArcelorMittal wins bids to buyout Essar Steel

ArcelorMittal has been chosen by lenders to takeover debt-laden Essar Steel for about Rs 42,000 crore.

26 Oct 2018 1:30 PM IST

Separately, the civil aviation ministry would convene meetings of representatives of airlines and airports on April 18 to discuss capacity expansion, rising airfares and other issues. (Image: ANI)

India

Jet Airways operating 5 planes, seeks emergency funds from banks

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

16 April 2019 9:16 PM IST

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

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

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

16 April 2019 2:25 PM IST

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

8 April 2019 9:52 AM IST