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...

A car-manufacturing plant owned by Suzuki Motor Gujarat Pvt Ltd at Hansalpur has absorbed 24 per cent of the first batch of 254 students from the country's only Japan-India Institute for Manufacturing (JIM) at Mehsana in north Gujarat.



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