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 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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