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...

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”...

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....

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...

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...



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