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National Company Law Tribunal (NCLT) on Tuesday issued a notice to the suspended management of grounded budget carrier Go First, seeking its response to the Committee of Creditors' (CoC) decision to liquidate the airline. The counsel for the resolution professional (RP) informed the tribunal that the CoC had passed a resolution to liquidate Go First after finding that the resolution plans received under the insolvency resolution process were non-compliant with the law. Further, the counsel said since the CoC has already infused more than ₹200 crore in the insolvency resolution process, and with no cash being generated by the airline, the CoC has approved a resolution allowing third-party funding of the arbitration proceedings that Go First has filed against US engine maker Pratt & Whitney (P&W) at the Singapore Court of Arbitration.

In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses

Olympian wrestler Vinesh Phogat's political future continues to build, especially after the recent meeting of the Congress Central Election Committee (CEC). Following the meeting, AICC Haryana in-charge Deepak Babaria announced that the party's list of candidates for the upcoming Haryana polls will be released within two days. Babaria also stated that the party would confirm on Tuesday whether Vinesh Phogat will contest the Haryana election on a Congress ticket. Vinesh Phogat made headlines recently after her disqualification from the 50 kg gold medal bout at the Paris Olympics for being 100 grams overweight. The Court of Arbitration for Sport (CAS) also rejected her petition to be awarded a joint silver.

Assam Chief Minister Himanta Biswa Sarma presented permanent appointment letters to 23,959 contractual and state pool teachers of upper and lower primary school teachers in Guwahati. The appointment of the teachers is considered a great step towards empowering the teaching fraternity of the state. It may be noted that under the present government, Assam has achieved an impressive milestone with a total of 1,24,345 appointments made so far. The recruitment drive has seen substantial growth: 4,779 candidates were selected by the end of 2021, followed by a leap to 35,130 in 2022. In 2023, the number soared to 55,593, and by August 26 this year, an additional 4,887 were added to the list. Sarma said that this robust recruitment effort highlights the government’s dedication to enhancing job opportunities and ensuring a merit-based, transparent selection process throughout the state. Plans are underway to create 50,000 new government jobs in the coming years, aiming to significantly boost employment opportunities and strengthen the public sector workforce across various departments and services, he added.

If approved by shareholders, the £123.7m Artemis Alpha will be wound up and rolled into the £193.6m Aurora portfolio, creating the Aurora UK Alpha trust. Shareholders in the Artemis trust will be given a chance to elect for a cash exit for up to 25% of the issued share capital, giving shareholders the ability to part egress their investment. Investment Week unveils finalists for Investment Company Awards 2024 The cash out will be offered at a 2% discount to Artemis alpha's residual net asset value and a 20% discount to the value of the company's unquoted holdings that that will tra...

photography. Shreyovi Mehta, a Class Five student from Faridabad near Delhi, has now bagged the much-coveted Wildlife Photographer of the Year award. Shreyovi managed to capture the photo of a pair of peafowls, while she was on a morning walk in the forests of Keoladev National Park in Bharatpur, Rajasthan.

Wipro Ltd, and Tech Mahindra Ltd have had new bosses within the last two years, whereas Parekh has been at the helm for more than six years and CVK for nearly eight. TCS, India’s largest IT services company, entrusted K. Krithivasan with the top job in June 2023 after Rajesh Gopinathan, who had steered the company for slightly more than six years since February 2017, stepped down.

Ayush Badoni and Priyansh Arya led South Delhi Superstarz to a record-breaking T20 total of 308/5 against North Delhi Strikers in the Delhi Premier League on Saturday. Arya, with a century-making performance, added 120 runs from 50 balls, featuring 10 sixes and 10 fours. His standout moment came in the 12th over, where he hit six consecutive sixes off Manan Bhardwaj’s over. The partnership between Badoni and Arya, which yielded 286 runs, now stands as the highest partnership for any wicket in T20 cricket, surpassing the previous record of 258 runs set by Japan’s Lachlan Yamamoto-Lake and Kendel Kadowaki-Fleming. Badoni was rightfully named 'Player of the Match' for his game-changing performance. Badoni, renowned for his explosive batting, smashed an astounding 19 sixes, setting a new world record for the most sixes in a T20 innings. His innings of 165 runs off just 55 balls included eight fours and 19 sixes, surpassing the previous record held by Chris Gayle and Sahil Chauhan, who had both hit 18 sixes in a T20 innings.

cyber security firms have shown interest in the government’s Rs 10,000 crore graphics processing units (GPUs) procurement tender, central to India’s Artificial Intelligence Mission. Nvidia, Intel, Advanced Micro Devices, Qualcomm, Microsoft Azure, Amazon Web Services, Google Cloud and Palo Alto Networks were among the scores of companies that attended a pre-bid meeting on Thursday. The ministry of electronics and information technology (MeitY) termed the participation “exceptional” and said it will extend the last date for bids by two weeks from the date of publication of clarifications to the tender. It got around 500 suggestions on the tender from those who attended the meeting, said MeitY additional secretary Abhishek Singh. Also present at the meeting were representatives from Yotta, L&T, E2E, Tata Communications and Vigyanlabs, among others.

Maryland transportation leaders have approved a contract for rebuilding the Francis Scott Key Bridge several months after it collapsed under the impact of a wayward container ship

Jaypee Infratech Ltd (JIL) through insolvency process, has identified 2,552 acre of land parcels for lenders of the bankrupt realty firm in accordance with the resolution plan. On June 4, Suraksha Group took control of JIL following the National Company Law Appellate Tribunal's (NCLAT) decision on May 24, upholding its bid to acquire JIL and constituted a new board. According to sources, Suraksha Group has earmarked 2,372 acre of land for assenting lenders and 180 acre, separately, for ICICI. The group had appointed real estate consultant CBRE to help in land identification process. JIL had around 6,250 acre of land in Delhi-NCR and adjoining areas. In its resolution plan, which was approved by the National Company Law Tribunal (NCLT) in March last year, Suraksha Group has offered bankers more than 2,500 acre of land to partly settle their dues.

Siddaramaiah on Thursday urged the 16th Finance Commission to cap cess and surcharge at 5% of gross tax revenue and move collections above that into the divisible pool for sharing with the states. Cess and surcharge are not part of the divisible pool. Over the years the union government has increased its reliance on cess and surcharge. This has caused substantial loss to all the states. The loss to Karnataka on account of the non-sharing of cess and surcharge was Rs. 53,359 crore during the five-year period from 2017, the CM said, addressing Chairman Arvind Panagariya and other visiting members of the Commission. The CM pressed for vertical devolution to states to be at least half of the divisible pool. All non-tax revenues of the Centre too should be included in the divisible pool. “Economically advanced states are committed to supporting poorer states, but this should not come at the expense of their own residents or economic efficiency. A larger proportion of resources generated by the states should be shared with them.”

This article was produced in partnership with Prudential Advisors.

insurance, is generally seen as easier. "People usually take two attempts to clear the NISM exam, whereas bank employees find it easier to pass the Irdai exam," said a relationship manager (RM) at a large bank, speaking on condition of anonymity. The challenge is compounded by the bank’s internal pressures.

Aam Aadmi Party leader and Rajya Sabha member Sanjay Singh surrendered before a special court here on Wednesday in connection with a 2001 street-protest case and was granted bail. «Sanjay Singh surrendered in the MP-MLA court here. The court granted him bail on a surety bond of Rs 50,000,» his advocate Madan Singh said. The surety was deposited on the directions of the Allahabad High court which had on August 22 stayed the execution of the sentence awarded by the Sultanpur court. The special court had on January 11 last year sentenced the AAP leader to three months of rigorous imprisonment and slapped a fine for obstructing traffic and inciting violence during a protest in Uttar Pradesh's Sultanpur district.

JN Tata Endowment (JNTE) for higher education abroad will continue to enjoy income-tax exemption, despite offering loan-scholarships for Indian students to study overseas, reported TOI. Founded in 1892 by Tata Group founder Jamsetji Tata, JNTE annually selects 90 to 100 students for merit-based loan scholarships. The scholarships span various disciplines, including applied sciences, management, and the arts, allowing students to pursue their studies outside India. As per JNTE’s official policy, scholars sign a seven-year agreement with the foundation, repaying the loan in five equal instalments between the third and seventh year. JNTE currently manages a corpus of Rs 200 crore.

The shares of Paytm’s owner One97 Communications tumbled by almost 10% in intraday trading on Monday. The company rushed to clarify that it wasn’t under fresh regulatory scrutiny, but the payments platform had only the dismal optics of its own past actions to blame for taut nerves among investors. Although One97 has denied having received a new show-cause notice from the Securities and Exchange Board of India (Sebi), its 2021 issuance of employee stock options to founder-CEO Vijay Shekhar Sharma continues to haunt it, evidently.

Jenna Ortega is much awaited show on the OTT streaming platform along with "Squid Game" season 2. 'Wednesday', in fact, is in the list of Netflix's most-watched series of all time. Netflix's 'Wednesday' also bagged four Emmy Awards. Production for 'Wednesday' started on May and is likely to continue till November this year, as per a report on WhatsOnNetflix. 'Wednesday' season 2 on Netflix is likely to be released in September, 2025, as per the report. However, Netflix is yet to confirm any release date for 'Wednesday' season 2.

comedy series 'Acapulco' for a fourth season. This announcement follows the show's successful third season and its recognition with multiple Imagen Awards nominations.

Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency process and has also arranged a Rs 3,000 crore loan facility, as it gears up to complete around 20,000 unfinished flats in Delhi NCR. Around Rs 1,000 crore cash is lying in the balance sheet of the Jaypee Infratech Ltd, which the bankrupt company has accumulated from real estate business and toll income of Yamuna Expressway that connects Greater Noida and Agra. According to sources, Suraksha Group has infused Rs 250 crore in Jaypee Infratech Ltd (JIL) as equity and debt after taking control of the latter in early June. JIL currently has Rs 1,250 crore fund, including Rs 1,000 crore internal cash and Rs 250 crore infusion from Suraksha group.

A high-ranking Delta Air Lines executive is leaving the company, just a few weeks after Delta canceled thousands of flights and struggled to recover from a technology outage