Jet Airways forced to ground 40% of its fleet with just 70 plane in operation
The ongoing liquidity crises for the Jet Airways seems to be deteriorating day by day, with few more airplanes getting grounded due to non payment to the lessors. As per…
The ongoing liquidity crises for the Jet Airways seems to be deteriorating day by day, with few more airplanes getting grounded due to non payment to the lessors. As per…
The Housing Development Finance Corporation (HDFC) bank has slashed its Marginal Cost based lending rate (MCLR) for loan of two and three years tenor by 5 basis points. Taking the…
Naresh Goyal, the founder of Jet Airways might name his son Nivaan Goyal as the next leader of the carrier which he founded 25 years ago. The airline business of…
The Reserve Bank of India fines at least 19 lenders for not complying with its guidelines on the use of banking messaging software-SWIFT. These banks included ICICI Bank and Fraud…
Cash-crunched Jet Airways pledged its Fixed Deposits to the State Bank of India (SBI) to borrow ₹225 Crore loan. The various FD’s of airline has a total value of about…
The Reserve Bank of India (RBI) imposed 1 Crore penalty on the private lender Yes Bank for non-compliance of directions on Swift messaging software. Swift which stands for Society for…
Cash crunched-Budget Carrier Jet Airways, in its extra general meeting (EGM) on 21 February gave approval to the resolution plan for revival of the debt ridden airlines. About 98% of…
After the announcement by the government for the recapitalization of 12 Public Sector banks(PSB), the shares of the Public lenders surged in the share market. This hike comes a couple…
The third quarter of the last fiscal was much similar to as expected by the domestic Brokerage, Motilal Oswal with corporate Bank, IT Sector and Consumer sector delivering the robust…
Jet Airways, debt-ridden airline seems to have another lifeline with NIIF (National Investment and Infrastructure Fund) and Etihad (existing investor with 24% stake) investing over ₹3000 crores. However, the investors…