Business

Jet Airways promoters close to deal with SBI-led consortium of lenders

Jet Airways promoters close to deal with SBI-led consortium of lenders

The promoters of Jet Airways are close to striking a deal with a consortium of their lenders, led by SBI, to get the troubled firm out of financial stress. The lenders have agreed in principle to convert part of their loans into equity under the proposed debt restructuring plan, banking […]

Signs of stress: As fund flows dry up, Lodhas to sell assets to cut debt

Signs of stress: As fund flows dry up, Lodhas to sell assets to cut debt

With a continuous flow of funds from non-banking finance companies, coupled with land in the world’s most expensive real estate market, Mumbai-based Lodha Developers was on a concrete wicket till recently. Backed by a massive advertising blitz, with superstars as its brand ambassadors, the developer started new projects at a […]

Tata Trusts may induct Noel as it looks to rejig composition, say sources

Tata Trusts may induct Noel as it looks to rejig composition, say sources

There could be a rethink at the $103-billion salt-to-software Tata group on Noel Tata, chairman of Trent and managing director of Tata International. As Tata Trusts, a cluster of charitable organisations that controls 66 per cent of Tata Sons, looks to rejig its composition, the induction of Noel Tata, half-brother […]

RBI may continue OMO purchases at current pace till March: Viral Acharya

RBI may continue OMO purchases at current pace till March: Viral Acharya

.story-content span,.story-content p,.story-content div{color:#000!important;font-family:‘open sans‘,Arial!important;font-size:15px!important} span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Reserve Bank of India Deputy Governor Viral Acharya on Wednesday said the pace and quantum of purchases through open-market operations might continue at the current level till March next year. “The exact calibration will depend on sustained changes in the behaviour of the […]

RBI keeps repo rate unchanged at 6.50%, seeks to prod banks to lend more

RBI keeps repo rate unchanged at 6.50%, seeks to prod banks to lend more

.story-content span,.story-content p,.story-content div{color:#000!important;font-family:‘open sans‘,Arial!important;font-size:15px!important} span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} The Reserve Bank of India (RBI) on Wednesday kept policy rates and stance unchanged but cut its inflation expectations sharply, for now, owing to the recent correction in crude oil prices. RBI Governor Urjit Patel indicated that the policy course could change soon, […]