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...

The government of India has appointed Kumar Mangalam Birla, chairman of the Aditya Birla Group, and ITC chairman Y C Deveshwar as non-official independent directors for Air India.



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