ET reported this morning that a section of its employees has evinced interest in bidding for the airline and is scouting for investors to g...

It couldn't be immediately ascertained whether Goyal has partnered with any entity or airline for the bid.

The bidding norms allow Goyal to participate in the sale process. Goyal's response on the issue was awaited.

SBI is the lead lender to Jet Airways, which has a debt burden of more than Rs 8,000 crore.

At first glance, the market looks confident about the prospects of the company.

Goyal will hold 25.5 per cent in Jet after the banks take control with a 51 per cent stake.

No asset sales are planned because this industry does not have assets, says SBI chairman.

Consortium of lenders led by the SBI has agreed to put in Rs 1,500 crore immediate funding by acquiring 51 per cent stake in the company.

The finalisation of the new team even can happen as early as next week, the sources added.

Jet is down to operating 150 flights a day from 450 at full capacity, and more groundings are coming.

Lenders to Jet Airways have agreed to a debt conversion and to hold equity up to 49% of the airline.

SBI chairman Rajnish Kumar met Sebi chairman Ajay Tyagi on Wednesday to discuss the issue.

This is subject to the condition that his shareholding post such infusion is at least 25 per cent, he said in a letter.

An ET report suggested that Etihad CEO Tony Douglas has communicated to the lead lender that it will not pay a rupee more than Rs 150 a sha...

There will be business failures but there have also been situations where loans have been diverted.

Mehta panel has recommended an asset management company/alternative investment fund-led resolution approach to deal with NPA cases of over ...

On June 8, Piyush Goyal had announced the formation of a committee under the chairmanship of Punjab National Bank non-executive chairman Su...