Synergy Group Corp had earlier sought more time to complete the due diligence before submitting the final bid

Synergy Group Corp has sought time till November 30 as the group could not find any Indian partner

The Jet Airways Resolution Professional had moved the NCLT on September 20, seeking directions to the banks, who own 51 per cent in the airline since March, to release interim funds

Treasury RA Creator, a Russia-based international financial organisation, did not provide enough information about itself to Jet Airways' insolvency resolution professional nor did it deposit the mandatory amount required to seek access to the airline's data. This may disqualify it from bidding for the grounded airline.

The final bidders will be eligible to analyse financial data and other crucial documents related to the bankrupt airline, following which they can come up with a resolution plan

Once India's biggest private carrier, Jet stopped flying in April after running out of cash, leaving thousands without jobs and pushing up airfares across the country

Three entities have expressed interest. That includes Russian Fund Treasury RA Partners, Panama-based investment firm Avantulo Group and South American conglomerate Synergy Group Corp

Jet Airways stock opened 4.91% lower at Rs 37.75 compared to the previous close of 39.70 on BSE. Jet Airways share price has been losing for the last two days and has fallen 9.58% during the period.

Jet Airways crisis: Synergy Group Corp which owns a majority stake in Colombian carrier Avianca Holdings, the second-largest airline in Latin America, operates several airlines in South America. Avianca Holdings also has a codeshare partnership with Air India.

Jet Airways crisis: This is the third time lenders extended the deadline after August 3 and 10. The third deadline for submission of Expression of Interest (EoI) ended on August 31.

On the Bombay Stock Exchange (BSE), Jet Airways' stock gained as much as 4.90 per cent to Rs 41.75 apiece from Wednesday's close level of Rs 39.80 in an otherwise weak market

German Efromovich, the South American conglomerate's founder, will visit India next month to discuss investment options with Jet Airways' lenders and domestic infrastructure companies

HPCL is keen to get MRPL in its fold citing operational synergies. It has been talking of a combination of cash and share-swap for the deal that will make it India's third-largest oil refiner

India's largest infrastructure conglomerate Adani Group and French energy giant Total SA Wednesday announced a partnership to develop liquefied natural gas (LNG) import terminals and fuel retailing network in India.

Finance Minister Arun Jaitley will head a 3-member ministerial panel to oversee and expedite the sale of government stake in oil refiner HPCL to explorer ONGC, Oil Minister Dharmendra Pradhan said today.

In a letter sent to the Indian ambassador to Washington last month, 18 members of Congress said they were \"troubled\" by the price cap, warning that it could deter firms from launching new medical products in India.

At present India has just over 10 GW of solar projects under development, with cumulative solar installations of 5,632 MW and about 8.4 GW expected to be auctioned off over the next few months.

Since Sonali Kulkarni took charge of Fanuc India in 2006 the company's revenue has doubled and she has safeguarded the company's market share through various steps, including scaled-down versions of robots and appropriate pricing.

Business Today celebrates the power of corporate women for the 10th time.