News digest: Tata-Jet deal, trade deficit, smartphone shipments, and more

Exports bounced back in October to high double-digit figures after a mild contraction in Sept

News Digest

Tata Sons-Jet Airways deal only if Naresh Goyal gives up board seat In the first formal step towards a possible acquisition of Jet Airways, Tata Sons will on Friday take up the proposal at its board meeting. Sources close to the group said the discussions would focus on achieving scale in Tatas’ aviation business through investments in rival Jet. They pointed out that a deal would hinge on Jet founder Chairman Naresh Goyal relinquishing his board position even if he was to retain a minority stake in the business. It is also learnt that since the Tatas are looking at ...