The Supreme Court on Thursday exercised its extraordinary constitutional powers and ordered the liquidation of grounded air carrier Jet Airways' assets. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra set aside the National Company Law Appellate Tribunal (NCLAT) decision upholding the resolution plan of Jet Airways and approved the transfer of its ownership to Jalan Kalrock Consortium (JKC).

More than five years ago on an April evening, cash-starved Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution. And today, the Supreme Court ordered the airline's liquidation, marking the formal completion of a turbulent journey into the sunset and shattering lean revival hopes.

The calendar year 2024 is set to go down as the best year for initial public offerings (IPOs) in terms of funds raised. Following the IPOs of food delivery major Swiggy and two other companies slated for next week, this year's total will reach nearly Rs 1.2 trillion, going past 2021's record tally of Rs 1.19 trillion. Swiggy's Rs 11,327 crore IPO, the sixth-largest in India, and solar energy firm Acme Solar Holdings' Rs 2,900 crore IPO opened on Wednesday (Nov 6), while health-tech firm Sagility India's Rs 2,106 crore IPO opened a day earlier.

This Endemic Bird Day (May 13), look out for birds that are local to your region, and document them to participate in a nation-wide birding event. City birders share their plans for the day

Kiran George dished out yet another gritty performance to upset third seed Chi Yu Jen of Chinese Taipei.

Ninja Van's country head Eric Saputra talks about the challenges and opportunities of operating in Indonesia.

The post Ninja Van sets its sights on Indonesia’s mom-and-pop e-commerce plays appeared first on DealStreetAsia.

Vision Fund head Rajeev Misra is reportedly looking to raise a multi-billion dollar fund to buy listed stocks.

The post SoftBank’s latest fund wheeze sets off new alarms appeared first on DealStreetAsia.

The M&A wave is seen as startups begin to struggle with the virus' impact on their cashflows.

The post COVID-19 crisis set to spur M&A in SE Asia, says Golden Gate’s Lauria appeared first on DealStreetAsia.

Fire sales of VC fund stakes are most likely to be initiated first by high net worth individuals and some family offices.

The post Guest Post | Coronavirus: Liquidity will come at a premium for VC asset class appeared first on DealStreetAsia.

Investors are betting slower economic growth will spur opportunities for the distressed-assets firm.

The post Thai distressed assets manager BAM emerges top stock amid virus outbreak appeared first on DealStreetAsia.

The bidding is shaping up as a battle between Dhanin Chearavanont's Charoen Pokphand (CP) Group, Central Group, and beer-and-property magnate Charoen Sirivadhanabhakdi's TCC Group.

The post Thai tycoons set to go head-to-head as Tesco invites bids for $9b Asia biz appeared first on DealStreetAsia.

If TCC Group wins the bid and the loan is drawn, it would be among the largest corporate financings on record for Thailand.

The post TCC Group said to fund bid for Tesco’s Asian assets with $10b loan appeared first on DealStreetAsia.

CP Group said it would fund the deal with cash flow from group companies and loans.

The post Tesco Lotus set to return to Thai conglomerate CP Group’s stable in $10.6b deal appeared first on DealStreetAsia.

The Thai firm expects to generate IRRs of around 17% from these projects over a period of 20 years.

The post Thai Super Energy to pick controlling stake in Vietnamese assets for $457m appeared first on DealStreetAsia.

Thai SCB is looking to issue loans up to $214 million over the next five years in Myanmar.

The post Thailand’s Siam Commercial Bank secures nod to set up unit in Myanmar appeared first on DealStreetAsia.

An unprecedented 'desi' wave hit the US general elections as a record number of five Indian- Americans were all set to be elected to the US Congress today.

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Madrid are keen to sign the striker, who is out of contract at the end of next season and appears set to leave the club in pursuit of Champions League football, but want to seal a deal immediately.

On Friday, SBI Cards and Payment Services posted a 66.41 percent fall in net profit at Rs 83.54 crore for the March-ended quarter from Rs 248.74 crore a year ago. The decline mainly points to a 138 percent jump in impairment

The gross borrowing programme announced by the government to the tune of Rs 12 lakh crores for FY 2021 is likely to see a sharp spike in bond yields, when markets open on Monday. The gross borrowing programme was originally pegged

The country's second largest private sector bank ICICI Bank in its fourth quarterly results reported a standalone profit of Rs. 1221 crore. In the year ago period, profit at the bank came in at Rs. 969.06 crore. Net interest income for

Reliance Industries in a filing to the BSE on Saturday said the Rights Issue Committee comprising of the company's board of Directors has fixed May 14, 2020 (Thursday) as the record date for the company's rights issue. Record date is the

The gross borrowing programme announced by the government to the tune of Rs 12 lakh crores for FY 2021 is likely to see a sharp spike in bond yields, when markets open on Monday. The gross borrowing programme was originally pegged

The country's second largest private sector bank ICICI Bank in its fourth quarterly results reported a standalone profit of Rs. 1221 crore. In the year ago period, profit at the bank came in at Rs. 969.06 crore. Net interest income for

Reliance Industries in a filing to the BSE on Saturday said the Rights Issue Committee comprising of the company's board of Directors has fixed May 14, 2020 (Thursday) as the record date for the company's rights issue. Record date is the

Filmmaker Ram Gopal Varma, who is known for posting controversial tweets, recently made yet another sexist comment on women. On Friday, RGV shared a photo, in which two women are sitting inside a car. The one sitting on the front seat

As part of the Mission Samudra Setu, INS Jalashwa reached Maldives on May 7 to evacuate Indian nationals.

‘Inordinate delay’ affecting those hit by Covid-19, says CM

Would China’s withdrawal from the US bond market and/or a runaway expansion of the Fed balance sheet weaken the dollar?

Chief minister Yogi Adityanath has set an 11-point agenda for drawing up a roadmap for economic revival of the state.The details of the agenda were finalised after a high-powered meeting chaired by the CM on May 4.

BOSTON - The U.S. Environmental Protection Agency (EPA) is proposing targeted modifications to the 2016 Small Municipal Separate Storm Sewer System (MS4) general permit for Massachusetts communities.

Opat dost nevyspaty. Tentokrat za to mohli spolubyvajuci co furt behali hore dole resp telefonovali. K dobremu spanku nepomohli ani riadne pachnuce topanky jedneho z nich. Moje to neboli urcite.Povodne som chcel smer sintra ale pocasie meni moje rozho

Coronavirus reopening: more beaches and parks

Dozens of competitive eaters polish off their webcams in preparation for the yearly biscuit showdown.

The Stormers look set to receive a boost with centre Rikus Pretorius signing a contract extension.

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Part of a series exploring recommendations likely to be addressed by the new National Integration Plan, this webinar, with perspectives from MPI, the WE Global Network, and Lutheran Immigrant and Refugee Services, examines the role of economic development initiatives and refugee resettlement programs/infrastructure in immigrant integration. 

This webinar, with perspectives from MPI, the WE Global Network, and Lutheran Immigrant and Refugee Service, examines the role of economic development initiatives and refugee resettlement programs/infrastructure in immigrant integration.

Today, we came across an interesting video where Govinda can be seen shaking his leg with actress Kriti Sanon on his hit song 'Main Toh Raste Se Ja Raha Tha'.

Danville Farmers' Market returns with social distancing guidelines  WSET

At CES 2020, Sony unveiled a new line of 4K and 8K TVs, destined to be released during the year. They finally have now gone on sale and we were quick to pick one up to test it out.

EDINBURGH coach Richard Cockerill has explained that he played a part in Matt Scott’s move to Leicester Tigers after deciding he could not afford to keep the former Scotland centre.

Source: www.reuters.com - Sunday, May 10, 2020
British Prime Minister Boris Johnson will set out a five-tier warning system for the coronavirus in England on Sunday when he outlines the government's plans to begin slowly easing lockdown measures, British media reported.

Aarogya Setu, the government's mobile application developed to track COVID-19 patients, has emerged as a powerful tool to curb the spread of COVID-19 as it helped alert authorities about more than 650...

British Prime Minister Boris Johnson will set out a five-tier warning system for the coronavirus in England on Sunday when he outlines the government's plans to begin slowly easing lockdown measures,...

Share Market News Today | Sensex, Nifty, Share Prices Highlights: ONGC was the top laggard on BSE Sensex, with a fall of 4.54 per cent. NTPC, Kotak Mahindra Bank, Bharti Airtel and Titan were other losers on the Sensex pack

The Facebook-owned company explained that its previous exercise of limiting a forwarded message to five chats led to a 25% reduction in message forwards globally at the time.