Clipped from: https://www.business-standard.com/article/opinion/long-haul-ahead-121062301934_1.html Jet Airways revival will be a challenge for new owners The National Company Law Tribunal has cleared the revival plan for Jet Airways,
Category: Company Specific News
NCLT nod for Jet plan, with riders – The Financial Express
Clipped from: https://www.financialexpress.com/industry/nclt-nod-for-jet-plan-with-riders/2276521/ The development comes a little after two years since the Jet Airways suspended its operations due to financial crisis. Jet has admitted claims
Jet Airways may take a year to start flying again after revival plan approval – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/jet-may-take-a-year-to-start-flying-again/articleshow/83765810.cmsSynopsis The new owners of Jet, a consortium of UK-based investor Kalrock Capital and Gulf businessman Murari Lal Jalan, will need to seek several
To serve consumer or hobble eCommerce? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/to-serve-consumer-or-hobble-ecommerce/articleshow/83755851.cmsSynopsis Banning flash sales would only rob consumers of discounts offered as part of marketing schemes. The suggestion that couriers cannot offer different rates
Walmart’s Flipkart tells court it offers lower fee if sellers cut prices | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/walmart-s-flipkart-tells-court-it-offers-lower-fee-if-sellers-cut-prices-121062200046_1.html Flipkart and Amazon are in a court battle against the CCI bid to restart an investigation into their business practices, after a judge
Mystery behind near Rs 2-trn slump in Adani Group shares | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/explained-mystery-behind-nearly-rs-2-trn-slump-in-adani-group-shares-121061800963_1.html The decline saw the firms’ cumulative market capitalisation decline by over a sixth. Shares of companies controlled by Indian billionaire Gautam Adani are set to
Paytm to raise Rs 12,000 cr via fresh equity, remove Sharma’s promoter tag | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-to-raise-rs-12-000-cr-via-fresh-equity-remove-sharma-s-promoter-tag-121061800780_1.htmlThe company in its extra-ordinary general meeting also stated that the IPO will include a fresh issue of equity shares and an offer for
Adani group’s market cap plunges ₹1.6 lakh cr – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/adani-groups-market-cap-plunges-16-lakh-cr/article34852890.ece Analysts see the current rout as a temporary slide A week of turbulence eroded ₹1.6 lakh crore in market value for the six
Karnataka HC begins hearing appeals by Amazon, Flipkart on CCI investigation – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/karnataka-hc-begins-hearing-appeals-by-amazon-flipkart-on-cci-investigation/article34852462.ece A fresh round of legal battle begins A fresh round of legal battle began between the e-commerce majors Flipkart, Amazon and the Competition
Gautam Adani loses $9 bn in three days in worst wealth rout | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/gautam-adani-loses-9-bn-in-three-days-in-worst-wealth-rout-121061700936_1.html The 58-year-old tycoon lost more money this week than anyone else in the world, with his personal fortune tumbling by about $9 billion
Freezing of 3 FPI ACs not related to Adani Group, clarifies NSDL – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/freezing-of-3-fpi-acs-not-related-to-adani-group-clarifies-nsdl/article34824383.ece The National Share Depository Ltd (NSDL) on Tuesday clarified that the freezing of the accounts of the three foreign funds — Albula Investment
NSDL statement prevents a $500-million sell-off in Adani group stocks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/nsdl-statement-prevents-a-500-million-sell-off-in-adani-group-stocks-121061501625_1.html Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting
With Adani saying FPI ACs not frozen, ball in SEBI, NSDL court – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/with-adani-saying-fpi-acs-not-frozen-ball-in-sebi-nsdl-court/article34815638.ece Adani Group stocks tumble up to 25% With the Adani Group insisting that the demat accounts of the three foreign portfolio investors (FPIs)
CCI to expedite Amazon, Flipkart antitrust probe as tech focus intensifies | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/cci-to-expedite-amazon-flipkart-antitrust-probe-as-tech-focus-intensifies-121061500592_1.html The Competition Commission of India (CCI) initiated a probe in January last year on the basis of a complaint alleging Amazon and Flipkart
Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-has-500-mn-ready-cash-ipo-timed-to-expand-lead-in-fintech-sources-121060801301_1.html IPO will foster public and institutional investors’ trust, and seal the company’s position as India’s largest fintech player IPO-bound Paytm has $500 million worth of
Paytm has $500 mn ready cash, IPO timed to expand lead in fintech: Sources | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/paytm-has-500-mn-ready-cash-ipo-timed-to-expand-lead-in-fintech-sources-121060801301_1.html IPO will foster public and institutional investors’ trust, and seal the company’s position as India’s largest fintech player Photo: Shutterstock IPO-bound Paytm has $500 million
Can’t have auto-restoration of slots to Jet Airways: Centre tells NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/can-t-have-auto-restoration-of-slots-to-jet-airways-centre-tells-nclt-121060301091_1.html The Kalrock – Jalan consortium, who are successful resolution applicants of Jet Airways, said they were under the impression that slots and traffic
Paytm promoter’s unlisted shares soar 70% in a week – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/paytm-promoters-unlisted-shares-soar-70-in-a-week/articleshow/83096805.cms SynopsisOne97 Communications shares, which is traded in the unofficial grey market, shot up from Rs 11,000 to Rs 18,500 per share in a
Paytm IPO: Loss making, but IPO bound! When can Paytm deliver profit? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/ipos/fpos/so-when-is-ipo-bound-paytm-likely-to-turn-profitable/articleshow/83007553.cmsSynopsis It is very likely that the Berkshire Hathaway-backed company will be a loss-making entity when the subscription window for the IPO opens for
Paytm eyes $3-billion IPO – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/paytm-targets-3-billion-ipo-in-late-2020/article34656086.ece?homepage=true Kickstarts work on India’s largest-ever listing, expected towards end 2021 Fintech platform Paytm, backed by Japan’s SoftBank Group Corp and China’s Ant Group
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