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News digest: JSW-Tata battle, bank recapitalisation, audit of Jet, and more

From JSW-Tata battle, bank recapitalisation, audit of Jet, BS brings you top stories to keep up with the latest news

BS Web Team  |  New Delhi 

News Digest

spills over to iron ore

Locked in a battle for Bhushan Power & Steel, the clash between the country’s top two steelmakers,

Tata Steel and JSW Steel, is spilling over into the sphere of JSW Steel has challenged the auction process for blocks in Odisha.

The matter being heard in the is on participation of companies holding more than the limit permitted under the Mines and Minerals (Development & Regulation) (MMDR) Act. Read more

Next round of bank recap likely in Q4

The final round of recapitalisation of public sector banks (PSBs) under the Democratic Alliance government’s tenure may happen during the fourth quarter of this financial year (2018-19). In a first, the recapitalisation exercise will be linked to the performance of 21 PSBs in executing the 30-point reforms agenda chalked out by the Centre. The (IBA) has roped in (BCG) to bring out a report card on compliance of the reforms agenda, known as EASE — Enhanced Access and Service Excellence. Read more

DGCA to conduct audit of Jet Airways

The Directorate General of Civil Aviation (DGCA), the aviation regulator, has decided to conduct an of Jet Airways, which is facing a severe liquidity crisis. Sources said the would focus on whether the financial stress was affecting the airline’s operations and maintenance.

Jet said it was aware of the proposed inspection. “The airline is prepared for it (audit). At Jet, safety is of paramount importance,” a source said. Read more

When a celebrity is your holiday guide

Picture this. You are sitting in the Lord’s Ground, watching a match with your favourite ex-cricketer, who later takes you for an evening out with a few of the players and then a walk around London to all his favourite pubs.

Or, you are travelling through in with a celebrity chef who guides you to the and trattorias he likes to frequent, so you get to wine and dine on the best that the region has to offer. Read more

First Published: Mon, August 13 2018. 00:22 IST