NCLT reserves order on Go First’s plea for insolvency resolution proceedings

New Delhi: The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First’s plea seeking voluntary insolvency resolution proceedings. A two-member bench headed by President Justice Ramalingam Sudhakar concluded the day-long hearing during which the Wadia group-controlled airline sought initiation of insolvency resolution proceedings and an interim moratorium on its…

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Markets rebound; Sensex, Nifty climb nearly 1 pc

Mumbai: Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91. The…

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Ajay Banga will be a transformative leader, says Biden

Washington: Ajay Banga will be a transformational leader, who will bring expertise, experience, and innovation to the position of World Bank president, US President Joe Biden said after the former Mastercard CEO was confirmed as the new head of the international financial institution. Ajay Banga on Wednesday became the first-ever Indian-American to head the bank….

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Sikh couple killed in car accident in US

Washington: A Sikh couple was killed in a car accident in the US when a distracted driver hit the duo in a head-on collision, orphaning their two minor children. The accident occurred last Friday when Parminder Singh Bajwa and his wife Harpreet Kaur Bajwa were on their way to pick their children up from a school…

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