Emergency Funding

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World Bank approves  $1 billion emergency funds for India to tackle coronavirus outbreak
Business

World Bank approves $1 billion emergency funds for India to tackle coronavirus outbreak

The World Bank has approved $1 billion emergency funding for India to help it tackle the coronavirus pandemic, which has claimed 76 lives and infected 2,500 people in the country

Jet Airways' pilots say they remain committed to airline; will ensure company returns to former glory
Business

Jet Airways' pilots say they remain committed to airline; will ensure company returns to former glory

The development came a day after Jet Airways chairman Naresh Goyal and his wife Anita holding 51 percent of the equity resigned from the board and transferred control to the lenders.

Etihad, lenders hold discussion to facilitate emergency funding for debt-laden Jet Airways
Business

Etihad, lenders hold discussion to facilitate emergency funding for debt-laden Jet Airways

Naresh Goyal-promoted Jet Airways has been looking for funds for the past few months to keep it afloat amid rising debt and loan defaults besides non-payment of salary to its employees.