Fugitive businessman Vijay Mallya in a sequence of tweets reacted sharply to State Financial institution of India-led consortium taking management management of the cash-strapped Jet Airways saying that he wished the identical was done for Kingfisher as well. Naresh Goyal’s exit was a situation set by bankers for the rescue of the cash-strapped airline that has been combating grounded fleet and mounting dues to banks, suppliers, pilots and lessors. The banks, led by State Financial institution of India (SBI), will convert their debt into equity and take a controlling stake in the airline for a token sum of 1 rupee.
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Apple is anticipated to announce Monday that it’s launching a video service that could compete with Netflix, Amazon and cable TV itself. And their estimate is much decrease than the Trump’s administration’s new projection that GDP progress will remain above 3 per cent this yr and over the subsequent six years.
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McDonald’s announced plans Monday to acquire a tech company â€” its largest deal in 20 years â€” as it continues to push its U.S. places into the digital age. The airlines had acquired a name claiming that there was a bomb in the flight, shortly after the take off, as reported by The Straits Instances.