New Delhi: The National Company Law Tribunal (NCLT) on Wednesday admitted Go First’s voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company…
New Delhi: The Supreme Court on Wednesday agreed to hear on May 12 a plea by the producers of controversial multilingual film ‘The Kerala Story’ against the West Bengal government’s ban on screening of the movie after the makers said they are “losing money everyday”. Senior advocate Harish Salve mentioned the matter for urgent listing before…
New Delhi: Billionaire Gautam Adani’s group on Tuesday said it will prepay USD 130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as…
Jerusalem: Israel is keen to finalise an FTA with India as there is a huge scope of trade between the two nations, Foreign Minister Eli Cohen has said, and expressed hope that the agreement will further strengthen bilateral economic ties. From a humble beginning of USD 200 million in bilateral trade (primarily in diamonds) in 1992…
New Delhi: Gold prices jumped Rs 450 to Rs 61,300 per 10 grams in the national capital on Tuesday amid a rise in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had finished at Rs 60,850 per 10 grams. Silver, however, went lower Rs 380 to Rs 77,400 per…
Chennai: Tamil Nadu has secured investments worth Rs 2,73,448 lakh crore by signing 224 memorandum of understandings with companies after the DMK government came to power in May 2021, the state government said on Tuesday. Chief Minister M K Stalin, as a part of efforts to woo investors to the government’s maiden Global Investor Meet, scheduled…
New Delhi: Union Minister Sarbananda Sonowal and Myanmar’s Deputy Prime Minister Admiral Tin Aung San on Tuesday jointly inaugurated the Sittwe Port in Myanmar and received the first Indian cargo ship, according to an official statement. The cargo ship was flagged off from Syama Prasad Mookerjee Port, Kolkata. With the development of Sittwe Port, the cost and time…
New Delhi: The first Airbus C295 aircraft for India has successfully completed its maiden flight in Spanish city of Seville, in a significant milestone towards its delivery by the second half of this year. In September 2021, India sealed a nearly Rs 21,000 crore deal with Airbus Defence and Space to procure 56 C-295 transport aircraft…
New Delhi: Sales of luxury residential properties — each priced Rs 4 crore and above — jumped 2.5 times to 4,000 units in January-March this year across 7 cities on strong demand for large apartments with better amenities, according to CBRE. In its report, real estate consultant CBRE said the sales of luxury homes stood…
New Delhi: State-owned NLC India Ltd on Monday said its board has approved raising up to Rs 5,000 crore through issuance of debentures in the ongoing financial year. The company’s board has also approved a proposal for incorporation of a wholly-owned subsidiary company to take over the existing renewable assets. “The board of directors approved the…
