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business

SC orders liquidation of Jet Airways under Insolvency and Bankruptcy Code

A three-judge bench headed by Chief Justice of India D Y Chandrachud said the National Company Law Appellate Tribunal order allowing Jalan KalRock Consortium to adjust the first tranche of payment of ₹ 350 crore against the Performance Bank Guarantee was “perverse” and in “flagrant disregard” of its January 18 order.

Dhanteras gold rush: RBI transports 102 tons of gold from Bank of England to India

Since Sep 2022, 214 tons have entered the nation as the government and RBI sought to protect their holdings in the face of increased geopolitical unrest worldwide.

Lulu group

NRI businessman MA Yusuffali’s Lulu Retail launches ₹ 12,000 crore IPO in Abu Dhabi

In India, the Lulu group owns malls in Kochi, Bangalore, Lucknow, Coimbatore, Trivandrum, Palakkad, Hyderabad and Calicut.

Aviation body terms Air India's new room-sharing policy illegal, seeks Labour Ministry intervention to stall move

All India Cabin Crew Association in a letter recently to Chief Labour Commissioner New Delhi said compelling crew members to share rooms during overnight layover is a draconian move.

India-UK flags

UK unveils measures to boost intra-Commonwealth trade, supports India hub for female-led businesses

The UK has also indicated plans to increase its military and economic presence in the Indo-Pacific to support regional stability, including proposals for increased navy patrols to boost maritime security, combat illegal fishing and respond to natural disasters in the region.

Tata Trusts announces organizational restructuring; will eliminate COO and CFO roles as cost-cutting measures

The decision follows an internal audit and financial assessment by the trustees, which revealed a sharp increase in staffing expenses, estimated at over ₹180 crore.

Finance Minister Sitharaman discusses MDBs reforms with World Bank President

The two discussed issues related to private capital participation in Global Public Goods, Energy security, and Multilateral Development Banks (MDBS) reforms on the sidelines of the World Bank and IMF Annual Meetings.