Corporates

RBI said it will examine the proposal upon receiving it from the parties in line with regulatory guidelines

The Mumbai-based airline, which was until recently country's second-biggest by market share, has defaulted on several loan payments.

Jet, country's oldest private carrier now controlled by its lenders, has had to ground more than three-quarters of its fleet of 119 planes, many due to non-payment to lessors, leading to hundreds of flight cancellations.

Jet Airways crisis: The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement.

For the past few weeks, Jet Airways has been grounding its aircraft in tranches due to non-payment of dues to lessors.

Videocon Telecommunication has claimed Rs 1,786.95 crore from Videocon Industries on which there is no dispute. This and other data has been uploaded by the company's resolution professional (RP) on its website today for varying periods ranging from November 2018 to January 2019.

With debt of more than $1 billion, Jet has struggled to pay lenders, suppliers, pilots and lessors for months

At least 69 aircraft have been grounded due to money owed to lessors, showed stock exchange filings by Jet, while the remainder are out of service for maintenance, said one of the sources.

The US company is now rolling out a plan to more than double its wholesale chain in India over the next four years.

In a presentation, the company said that it expects to complete monetisation of its assets by May

With this acquisition, Jio with its widespread reach will be in a formidable position to challenge Amazon Alexa and Google Assistant.

Earlier this week, SFIO had arrested Hari Sankaran, former chairman of IL&FS, in connection with an ongoing investigation into the lender.

In response to queries related to Jet Airways crisis, Suresh Prabhu said the ministry should not be seen to be doing any deals of any kind that would help in any way.

An SBI-led group of lenders has taken over the management of the cash-strapped carrier temporarily, and make a fund infusion of Rs 1,500 crore.

Tata Steel and ThyssenKrupp had proposed to combine their steel operations in Europe, which would form the region's second-biggest steelmaker.