The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI), on Jet's financial health, the people said. In recent months, the banks have provided weekly updates about a revival plan and also sought government advice, the people added.
Mumbai-based ASK Investment Managers Ltd, the holding company, is a leading asset and wealth management firm and it soon plans to launch Initial public Offer (IPO) to raise an estimated Rs 2,000 crore.
The company has received the final approval from the United States Food and Drug Administration (USFDA) to market generic Acyclovir ointment USP 5 per cent, Zydus Cadila said in a filing to the BSE.
The crash of the Boeing Co 737 MAX 8 airliner last week killed all 157 people on board.
Will the promoters of Mindtree give up and will the other minority shareholders agree to sell at a price of Rs 980?
TCG Lifesciences, Clininvent Research, a 100% subsidiary of The Chatterjee Group, has passed successfully the pre-approval inspection of the manufacturing plant.
The minister's direction came in the wake of the airliner drastically reducing its operations due to liquidity crunch.
This comes after a report said last month JD.com Inc, one of China's largest e-commerce sites, would lay off 10 percent of its senior executives this year.
KIAL, an arm of Kotak Mahindra Bank, said in a statement that it has launched a new fund which will partner with Bengaluru-based realty firm DivyaSree Developers to develop and acquire commercial office assets.
Both the companies will provide standalone insurance products and also weave it into their various verticals
BSNL uses 60 percent of its revenue in paying employee salaries. This is much higher for MTNL, which mainly operates in Mumbai and Delhi
Omidyar Network India is part of a global network funded by the philanthropic capital of Pierre Omidyar, the founder of eBay, and his wife Pam Omidyar.
As Jet Airways continue to ground aircraft and cancel significant number of flights, the airline's aircraft maintenance engineers' union wrote to the aviation regulator on Tuesday that three months of salary was overdue to them and flight safety "is at risk".
If Etihad backs out, Jet Airways would have to look for a new partner in a fortnight
Industry experts, however, are of the view that DGCA's move to bar Jet's advance bookings may worsen the situation for the crisis-hit airline.
Reliance Communications on March 18 repaid Ericsson's dues of Rs 462 crore.
In February, the Supreme Court had ordered Anil Ambani and two directors of Reliance Communications (RCom)—the company headed by Anil--to pay Ericsson Rs 453 crore within four weeks or face a three-month jail term for contempt of court.
Siddhartha owns 20.4 percent stake in Mindtree along with two of his Cafe Coffee Day (CCD) firms.
L&T is eyeing 51 percent shareholding in Mindtree and has bought 20.4 percent stake from Cafe Coffee Day promoter V G Siddhartha in the IT company
This strategic capital will accelerate CXA's growth momentum in the Asia-Pacific region.
The company has been acquired from Micro Focus by growth investor EQT.
Wipro’s AI-enabled, on-demand solutions on AWS will drive enhanced operational efficiency, and productivity.
Goyal has assured employees that he is committed to ensure their salary dues are cleared on priority once the resolution plan is passed.
After the crash of Ethiopian Airlines on March 10, the Boeing 737 Max models have been grounded by all major countries including the US, China, EU nations and India.