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Jet nears shutdown as lifeline elusive

DNMUM434968 | 4/16/2019 | Author : DNA Money Correspondent | WC :635

Bankers fail to provide funding of Rs 1,500 cr; carrier extends suspension of overseas flights till Thursday

Jet Airways has cancelled all its international flights up to April 18 after bankers failed to provide interim financing of Rs 1,500 crore, which they had planned to infuse as part of the resolution plan mooted by State Bank of India (SBI).
The Jet Airways Board will meet today to discuss the future course of action. SBI, the lead lender to the airline, said it will vet the bid proposals received before taking a call on further funding.
In an internal communication, Vinay Dube, chief executive, Jet Airways, said, “We have extended cancellation of international operations through Thursday, April 18,” adding that the decision was taken following the non-receipt of funds from its lenders, who have now management control of the airl
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Reliance says main KG-D6 gas fields in ‘late life stage’
DNMUM439650 | 7/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :462

Mumbai: To reverse the decline in production of natural gas fields in KG-D6 block in Bay of Bengal, Reliance Industries (RIL) said it is likely to start production at the three new sets of discoveries in the block by mid-2020.
The production decl
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Air India asked to freeze appointments, promotions
DNMUM439651 | 7/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :486

Mumbai: Even as the process for disinvestment of national carrier Air India is already set in motion, the government has asked the airline management to start new flights only if it is extremely necessary after due diligence of commercial interest. <
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‘Many iron ore mines will be auctioned in Mar 2020’
DNMUM439652 | 7/22/2019 12:00:00 AM | Author : Swati Khandelwal | WC :905

Sandeep Kumar, managing director, Tata Metaliks, speaks about the quarterly performance of the company, impact of iron ore prices on the margins and availability of coking coal during an interview with Swati Khandelwal.

Tata Metaliks has post
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Look at claims settlement ratio while buying term insurance plan
DNMUM439658 | 7/22/2019 12:00:00 AM | Author : Abeer Ray | WC :1019

Though an increasing number of people are now realising the value of term insurance, a major percentage of the Indian population continues to be ignorant about the new term insurance plans sold by both public and private players in the market. This,
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