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Japan's Orix Corporation to buy 7 wind energy plants of IL&FS, expects deal to be closed by June-end

The board of the IL&FS has initiated a sale of a number of assets to reduce a significant portion of its debt.

Jet Airways debacle: Satyam-style model worked with Tech Mahindra but will not be answer to cash-strapped airline's fortunes

So much so, even if IndiGo, for example, agrees to take Jet Airways in its wide wings on merger, it would not be enough because the cash crunch would spread from Jet Airways to Indigo.