Ashwani Lohani has been reappointed as Air India chairman. The Appointment Committee of the Cabinet issued an order appointing Lohani as CMD for “a period of one year or until further order”
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20th Mar 2019 | Updated at 09:17pm 20th Mar 2019
Banks, govt fund to own 51% in restructured Jet
Restructured Jet Airways will effectively be a 51 per cent government fund and PSU banks-owned. Sources said SBI-led lenders will convert £60 million loan into equity at Re 1, which will take their stake to 32 per cent
Deal to sell assets to Jio has failed, Anil Ambani tells SC
Approximately 13 months after Anil Ambani announced the sale of his debt-ridden Reliance Communications' telecom assets to elder brother Mukesh's Reliance Jio for an estimated £2.3 billion, he has revealed the deal fell through despite its best...
According to data from the RBI, overseas investments by Indian for 2018 stood at $11 billion, compared to $12 billion in 2017
Restructured Jet Airways will effectively be a 51 per cent government fund and PSU banks-owned. Sources said SBI-led lenders will convert £60 million loan...
Approximately 13 months after Anil Ambani announced the sale of his debt-ridden Reliance Communications' telecom assets to elder brother Mukesh's Reliance...
The banking sector finally reported a collective net profit of £15.4 million in the quarter ended December 2019 - the first since the RBI’s last February circular that forced lenders to recognise delinquent loans as nonperforming assets
Workers at India’s state-owned banks called a nationwide strike on Friday in protest at proposed mergers that could cause job losses and demanded immediate...
Christian Michel, 57, is a British businessman who has been extradited to India to face prosecution for alleged bribery in connection with New Delhi’s...
Fear of action by banks, along with signs of improvement in the economy, has helped state-run lenders recover over £3.65 billion of bad and sticky assets...
In a setback to Enforcement Directorate, a PMLA appellate tribunal has set aside the attachments of flats owned by Biocon CMD Kiran Majumdar Shaw and NRI...
Gujarati businessman Nitin Sandesara, who was wanted in a £500 million bank fraud case, was detained in Dubai recently, raising the possibility of his...
