Business Today

Resolution for Jet Airways is futile; send it for insolvency

IBC has delivered exceptional value for Binani Cement, Essar Steel & Bhushan Steel; in the choice between the airline and Naresh Goyal, lenders must prejudice themselves in favour of the airline

Nirav Modi arrested: What's the legal process ahead for extradition?

After Modi is produced at the Westminster Magistrates' Court to be formally charged, dates will be given for case management hearings and the extradition trial will follow

Why SBI is going out of its way to save Jet Airways

On February 14, the troubled airline Jet Airways announced a bank-led provisional resolution plan (BLPRP) that detailed the plans of Jet's lenders, led by SBI, to take over the airline, and appoint a new board to revive the struggling carrier.

VG Siddhartha made a profit of Rs 2,858 cr from his Mindtree stake sale to L&T

Apart from the profits on sale of his 20.41% stake to L&T which amounts to Rs 2,858.74 crores, the CCD founder has also earned close to Rs 180 crores just through dividends from Mindtree in the last decad

Mukesh Ambani's brotherly gesture is a ray of hope for Anil Ambani

The Supreme Court had given a deadline of March 19 to pay all the dues to Ericsson. Mukesh Ambani paid around Rs 460 crore to RCom's operational creditor Ericsson from his personal wealth to bail out RCom.

 
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Sluggish Growth

The CSO has also reduced its growth estimates for the year to 7.0 per cent, from the 7.2 per cent estimated earlier.

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