 "Top 10 business headlines: Jet crisis, Reliance Retail-Hamleys deal, & more")
Jet Airways suspends all operations as lenders reject plea for funds
Jet Airways, started more than 25 years ago by Naresh Goyal, has suspended operations after lenders turned down the airline’s demand for emergency funding. Lenders’ consortium, led by State Bank of India, indicated the effort to select a new investor would continue even as Jet was “temporarily” grounded on Wednesday. Read more
Reliance Retail in talks to buy loss-making toy store chain Hamleys
C.banner International, the Chinese owner of toy store chain Hamleys, is said to be in the final stage of talks with Mukesh Ambani’s Reliance Retail to
