Corporates

This is the second time the refiner has halted fuel supplies to crisis-stricken Jet, which is saddled with over $1.2 billion in debt and owes money to banks, aircraft lessors, suppliers, pilots and others.

The court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra, who has contended that GPay does not figure in RBI''s list of authorised ''payment systems operators'' released by the central bank on March 20, 2019.

Vodafone Idea share price: Vodafone Idea said its top priority is to integrate quickly to improve customer experience and profitability. CEO Balesh Sharma said that expanding coverage will enable the company to offer a superior network experience to its customers, add broadband customers and improve profitability.

The National Aviator's Guild has threatened to initiate legal action unless the January-March salaries of the pilots are cleared by April 14. The Jet Airways pilots, via their counsel, claimed that despite raising the issue time and again with the management, the schedule of payment is getting delayed each time.

On Monday, lenders of Jet Airways invited EoI for stake sale in the company to recover their dues worth Rs 8,000 crore.

ArcelorMittal's resolution proposal for Essar Steel provides financial creditors Rs 41,987 crore out of their total dues of Rs 49,395 crore.

Jet Airways has posted losses in eight of the past 10 years and its share of the domestic passenger market has fallen to about 15.5% in 2018 from 22.5 per cent in 2015.

Masayoshi Son struck a preliminary deal to put another $1.1 billion into Ola to boost his stake to more than 40 percent, according to people familiar with the matter.

BSNL's annual loss widened to Rs 7,992 crore in 2017-18, Telecom Minister Manoj Sinha had told Parliament last December.

Consortiums submitting bids should have no more than three members, with each holding a share of no less than 15 percent, according to Monday's document.

Jet Airways first defaulted on loan repayment on December 31. Going by this, the 180-day period from default will end on June 30.

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.