Vinay Dube, chief executive officer (CEO), and Amit Agarwal, deputy CEO and chief financial officer, put in their papers, adding to the growing list of top-level exits at the Mumbai-based carrier. read more

Sensex heavyweights Reliance Industries, ITC and SBI were responsible for the recovery. read more

With a big chunk of bad loans written off in FY19, SBI’s outstanding gross non-performing assets (NPAs) declined 23% year-on-year (y-o-y) to \u20B91.72 lakh crore. read more

In the previous session on Friday, the BSE bourse closed 95.92 points, or 0.26 per cent, down at 37,462.99; and the Nifty shed 22.90 points, or 0.20 per cent, to settle at 11,278.90. read more

In a response provided to Pune-based Vihar Durve, the SBI said electoral bonds of Rs 1365.69 crore were sold in March, which shot up by 65.21 per cent in April to Rs 2256.37 crore. read more

The consortium of 26 lenders, led by State Bank which now owns 51 percent in the airline, had invited expressions of interest (EoIs) between April 8 and 12 and had received four preliminary bids. read more

The Indian banking sector has been plagued by record levels of bad loans for years, and state-run lenders including SBI account for the biggest share of the pile. read more

Sensex sees a recovery of about 200 points despite weaker cues from global markets. A number of top gainers come to the forefront, while some still see a fall in values. read more

In a late evening e-mail to the prime minister, the guild also sought government’s directive to “stop de-registration” of the airline’s aircraft, which are now being leased by other domestic carriers. read more

Bank officials, however, said the thieves had failed to cut through the ATM vault lock after trying for half an hour and abandoned the bid thereafter. read more

HCL Tech and ONGC were the top gainers in the Sensex, rising up to 3.40 per cent. IndusInd Bank, Yes Bank, Bharti Airtel, HDFC, HDFC Bank, RIL, Bajaj Finance, SBI, TCS, Infosys, ICICI Bank and ITC too rose up to 2.75 per cent. read more

The airline executives also appealed to expedite the bidding process for the airline’s stake sale and ensure transparency in the procedure. read more

Facing severe liquidity crisis, Jet Airways on Wednesday night suspended its operations indefinitely. read more

Weighed down by a mountain of debt and falling revenue, Jet Airways announced suspension of its entire operations from Wednesday night and owns 16 wide-body planes, 10 B777-300ERs and six Airbus A330s. read more

On Thursday, the division bench of Bombay HC heard a petition, pleading the court to direct the government to give Jet Airways “minimum funds” to continue operations until the cash-strapped airlines is sold. read more