Top 10 business headlines: Jet crisis, RCom tax waiver, policy rates & more

From Jet Airways emergency funding to RCom getting tax waiver from France after Rafale deal, Business Standard brings you top 10 stories that made news on Saturday

Jet Airways likely to get Rs 1000-crore emergency fund on Monday

The lenders’ consortium, led by State Bank of India, is actively considering a proposal to infuse Rs 1,000 crore into Jet Airways immediately to keep it afloat, despite a lack of consensus among banks on emergency funding. The money is expected to be disbursed after the Jet management submits an operational plan on how it intends to use the money till May 7.

Clearly trying to fast-track the resolution process after the intervention of the Prime Minister’s Office (PMO), lenders have asked the airline management to give a plan by Monday