Big bull Rakesh Jhunjhunwala-backed Akasa Air, that will shortly take to the skies will not be an ultra low-cost carrier (ULCC). It is looking at a launch by early June and will have a fleet of 20 aircraft by next summer, when it will “immediately”...
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24th Jan 2022 | Updated at 08:58am 24th Jan 2022
NCLAT to hear Amazon appeal, no interim relief
The National Company Law Appellate Tribunal (NCLAT) refrained from granting interim relief to US e-tailer Amazon in its plea challenging a Competition Commission of India (CCI) order that temporarily suspended the approval for its purchase of...
Govt to own 35.8% stake in Voda, 9.5% in TTL
The government of India is set to receive ownership in two private telecom companies – the debt-laden Vodafone Idea and Tata group’s Tata Teleservices (TTL) – in lieu of the interest dues from them, as part of the revival package for ailing...
The World Bank in its latest global economic prospects report, expects Indian economy to grow 8. 3% in the fiscal year ending March 2022, unchanged from the June 2021 outlook. The forecast for FY23 and FY24 for India has been upgraded to 8....
The National Company Law Appellate Tribunal (NCLAT) refrained from granting interim relief to US e-tailer Amazon in its plea challenging a Competition...
Boston-based startup Thrasio, a global leader in acquiring and scaling up third-party sellers on online marketplaces such as Amazon, will shift a significant chunk of its manufacturing to India from China as it steps into the country’s booming...
The government of India is set to receive ownership in two private telecom companies – the debt-laden Vodafone Idea and Tata group’s Tata Teleservices...
Indians are creating unicorns not just in India, but in the US too. A study finds that 90 out of 1,078 founders across 500 US unicorns (valued at over $1 billion each) were born in India. The data covers US unicorns between 1997 and 2019. According...
Sanjiv Mehta, chairman and managing director, Hindustan Unilever Limited (HUL) will be appointed as the President of Federation of Indian Chambers of Commerce...
The Mumbai bench of National Company Law Tribunal (NLCT) admitted the petition moved by the Reserve Bank of India (RBI) to initiate insolvency proceedings against Reliance Capital under Section 227 of the Insolvency and Bankruptcy Code (IBC).
SpiceJet said it is hopeful of a favourable outcome in its proposed appeal against a winding up petition ordered by the Madras High Court. The High Court on Monday ordered winding up of the airline on a petition filed by Credit Suisse over unpaid...
Jet Airways, which is preparing to relaunch operations next year, said it is in “advanced discussions” with Boeing and Airbus for buying and leasing planes....
