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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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Game of brands
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Dany and Jon are finally in Winterfell, Queen Cersei has rolled the dice for the throne, Arya is definitely on to something, and [spoiler alert] Sir Jamie has come face to face with Bran Stark, bringing life to full circle! Just in case you haven’t n
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Masstige: How to win both Raja and Praja
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‘We see a very good EV opportunity’
DNMUM435488 | 4/26/2019 12:00:00 AM | Author : Swati Khandelwal | WC :526

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Sensex falls 324 pts on F & O expiry day
DNMUM435496 | 4/26/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :354

Mumbai: Domestic market turned volatile on the F&O expiry day on Thursday after Brent crude rose above $75 per barrel for the first time in 2019 in the wake of tightening sanctions on Iran.
The key benchmark indices ended lower after being dragge
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