India failed last year in its attempt to sell a 76% stake in loss-making Air India due to a lack of interest from bidders.
The process will allow Jet's lenders, led by State Bank of India, to sell the company as a whole or sell its assets piecemeal to maximise recovery fo
Policy & Regulations
Ola has previously attempted to operate electric cars in the country, but with little success given inadequate infrastructure and high costs.
Jet halted all flight operations indefinitely on April 17 after its lenders rejected its plea for emergency funds.
Ford will form a new unit in India in which it will hold a 49 per cent stake, while Mahindra will own 51 percent.
The airline's board approved a rescue deal by the lenders, led by State Bank of India, which includes an equity infusion, debt restructuring and the s
Indian hotel start-up OYO expects revenue to grow as it expands locally and in international markets.
Debt-laden Jet Airways is close to reaching a deal with State Bank of India for a fresh loan of 15 billion rupees ($215 million) to meet its working c
Abu Dhabi-based Etihad is also considering raising its stake above the 24 percent it has held since 2013.
India was planning to raise 70 billion rupees ($950 million) by selling 4% of its stake in Axis Bank by early November.
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