The order came a day after the Bombay High Court rejected a plea of the Enforcement Directorate (ED), which is also probing the case, to intervene into the matter

The new promoters of Jet Airways, the Murari Lal Jalan-Kalrock Capital consortium, said that Delhi, Mumbai and Bengaluru will remain the hubs for Jet 2.0 with sub-hubs in Tier 2 and Tier 3 cities

Jet Airways will need $1 billion initial working capital, followed by $3 billion over the course of 5-7 years before the airline can break even; it needs to be seen whether the bidders can bankroll these expenses

Stocks to watch today on August 31: Adani Ports, Future Enterprises, RIL, ICICI Prudential, Indiabulls Ventures among others are the top stocks to watch out for in Monday's trading session.

Jet Airways, Goyal and his wife Anita were booked on charges of cheating and a criminal beach of trust in February this year by MRA Marg police on a complaint filed by city- based Akbar Travels India Private Limited alleging that they were cheated of Rs 46 crore by the Goyal

Deadline for corporate insolvency resolution process of Jet Airways has also been extended by more than two months to August 21 to exclude duration of coronavirus lockdown that began on March 25

\"The revised timeline for completion of the CIRP of Jet is now August 21, 2020, subject to any further extension of the lockdown by the state government of Maharashtra or the Central Government, as the case may be,\" Jet Airways said in an exchange filing

Goyal was first summoned by the central probe agency on March 18 but he cited the reason of tending to an ill relative for skipping the summons

Yes Bank case: Anil Ambani's Reliance Group stated in a statement that the company's entire exposure to the troubled bank is fully secured and are in accordance with the law

ED is probing money laundering charges against YES Bank founder Rana Kapoor; Anil Ambani's group companies took loans worth Rs 12,800 crore from the cash-strapped bank

Yes Bank updates: An ED official said that the agency was drawing up a list of all the big borrowers and hence each of these borrowers have been asked to join the probe

UK's domestic airline Flybe, that dominated 40% of the air traffic has gone bankrupt amind coronavirus fear

Microsoft Corp  joined the growing number of U.S. companies asking employees to work from home in order to limit exposure to the spreading coronavirus outbreak, as it responded to cases near its Seattle headquarters and in California; A Paytm employee in Gurugram, who returned from Italy, has been tested positive for novel coronavirus, the company said in a statement; IMF chief Kristalina Georgieva called for an all-out, \"no regrets\" response to the new coronavirus epidemic which poses a \"serious threat\" to the global economy. Watch this and more on News Blast.Also read: Taj Mahal on coronavirus alert! Masked personnel, thermal guns welcome tourists

IRDAI asks insurance companies to cover coronavirusRegulator IRDAI on Wednesday asked insurers to expeditiously settle hospitalisation claims related to coronavirus disease under health policies. It also instructed insurance companies to come out with policies to cover treatment costs for coronavirus infection, which has impacted thousands of people worldwide.OYO to cut 5,000 jobs globally; China to see highest reductionSoftBank-backed Oyo Hotels recently confirmed that the compan...

Former Jet Airways chairman Naresh Goyal who was earlier being probed by the ED in a Foreign Exchange Management Act (FEMA) will now be investigated under the Prevention of Money Laundering Act (PMLA)

Delhi election results: AAP has clearly moved ahead by a huge margin in seat tally, while BJP has already conceded defeat in the 2020 Delhi Assembly elections

Delhi polls:  The BJP's list of candidates came right after its longtime ally Shiromani Akali Dal decided to not contest the polls with the BJP due to the saffron party's stand on the controversial CAA-NRC

Delhi polls: Delhi Chief Minister and national AAP convener Arvind Kejriwal will contest the upcoming Delhi elections from New Delhi constituency

The year 2019 was full of developments for India's business and economy. From Nirmala Sitharaman presenting her maiden budget, the dream of a $5 trillion economy, CEO exits to money laundering cases and a Nobel for economics, India's business world saw it all. India's GDP growth slipped to its lowest in six years and the economy went into a slowdown. The Ratan Tata-Cyrus Mistry battle unfolded with Cyrus Mistry getting reinstated. Watch the video for all the business news of the year.Also read: How 350 differently-abled persons bagged jobs in skilled rolesAlso read: Gold vs Sensex: Which gave better returns in last 10 years?

Share price of Jet Airways rose up to 4.9% to Rs 25.70 compared to the previous close of Rs 24.50  on BSE