The Indian government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations, a senior official said.
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19th Mar 2019 | Updated at 06:59pm 19th 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...
India has just a decade to change its status from developing to developed country. Now the country has to focus on education, failing which the much-hailed 'demographic dividend' will turn into a disadvantage, a report said.
JP Morgan managing director and India head of legal Jigar Shah will be joining KKR in Mumbai as its India head of legal in a new role, said sources close...
The Indian economy is expected to grow at 7.4 per cent in the current fiscal, and accelerate further to 7.8 per cent as it recovers from the impact of...
Jeweller Nirav Modi has been named as "wanted accused" in the first chargesheet filed by the CBI in the £1.34 billion Punjab National Bank (PNB) fraud...
The Income Tax Department has filed four prosecution cases against former Finance Minister P Chidambaram's son Karti, wife Nalini, and daughter-in-law...
Four Indian banks reported a combined net loss of £1.17 billion for the fiscal fourth quarter due to a jump in bad-loan provisions following a tightening of Reserve Bank of India rules
In the world's biggest-ever e-commerce acquisition, India's largest e-commerce company Flipkart agreed to sell 77 per cent stake to US retail giant Walmart...
HDFC is all set to look for a successor for Aditya Puri in a year. It plans to finalise someone to work alongside and then takeover from the CEO, when...
As part of a £940 million package for electric and hybrid vehicles, the government may offer incentives of up to Rs 2,50,000 to those scrapping old petrol...
