Debt-laden Jet Airways' lenders Thursday said they would invite bids for selling the stake in the airline on April 6 as part of a time-bound resolution plan. The consortium of lenders, led by State Bank of India (SBI), took stock of the current situation at cash-strapped Jet Airways and decided on the timeline for the stake sale. The bids would be invited on April 6 and the last date for submission would be April 9, the lenders said in a statement.

Mindtree promoters KK Natarajan, Rostow Ravanan and Subrato Bagchi were pulled up by the company's board for their language against Larsen and Toubro.

Axis Bank has asked more than 50 of its mid-level managers to leave as the lender restructures its business and cuts cost under a new CEO, reported The Economic Times.

The board of Tamil Nadu-based Lakshmi Vilas Bank on Friday approved the merger with Indiabulls Housing Finance.