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Several states are displaying worrisome signs of economic deterioration and considerable fiscal vulnerability, the central bank said, adding that these signs “warrant a careful assessment”.
A consortium of lenders led by State Bank of India (SBI) has agreed to provide loans to Tata Group for the smooth operations of loss-making Air India.Tata Group, which won the bid to acquire the national carrier along with Air India Express and 50 per cent stake in AISATS in October last year, is expected […]
Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt
The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday
All large lenders, including Punjab National Bank, Bank of Baroda, and Union Bank of India, are part of the consortium, they added.