Posted inAT Finance, India, Malaysia, Singapore, South Asia

India’s Tata wants to buy Jet Airways, seeks total control

India’s Jet Airways, which has been facing turbulence from rising oil prices and a depreciating rupee, and is struggling even to pay salaries, is now facing a takeover bid by the Tata Group. The salt-to-software conglomerate, however, wants complete control over Jet Airways and the exit of its current promoters, the Naresh Goyal family. It […]