Information Financial News

Go First may ask bidders in the resolution process for the airline to improve their offers in order to maximise recoveries, people involved in the process said. The lenders may opt for liquidation if the bids aren’t good enough, said the people cited above. The only two bids for the airline were opened Friday and resolution professional (RP) Shailendra Ajmera will now check if they are compliant with the Insolvency and Bankruptcy Code (IBC). Central Bank of India and Bank of Baroda are the main lenders to the grounded carrier. The RP has admitted claims of Rs 7,040 crore out of which Rs 4,257 crore is from financial creditors led by Central Bank of India. None of Bidders in 'Best of Financial Health'

Nord Anglia’s owners have selected banks to advise them on a potential exit from their investment in the international school operator, people with knowledge of the matter said.

Supreme Court has ordered the Provincial Armed Constabulary (PAC) authorities in Uttar Pradesh to appoint a man, whose selection was cancelled in 2005 for allegedly concealing information about a criminal case against him, as a constable. The apex court noted that when the man had applied for the job on February 12, 2004, there was no criminal case registered or pending against him. However, five days after submitting the application, he got implicated in a criminal case in which he was subsequently acquitted by the trial court in September 2004. «Broad-brushing every non-disclosure as a disqualification will be unjust and the same will tantamount to being completely oblivious to the ground realities obtaining in this great, vast and diverse country,» a bench of justices J K Maheshwari and K V Viswanathan said in its verdict delivered on Thursday.

Forest (Conservation) Act (FCA) 1980, a Supreme Court bench earlier this week stated that states and UTs must go by the 'dictionary definition' of 'forest' — all statutorily recognised forests, whether designated as reserved, protected or otherwise — to determine whether any work can be approved on a land. Crucially, it directed GoI to get information from states regarding lands identified as forests based on lexical interpretation, as outlined in the 1996 Godavarman ruling, and that no zoos or safari parks can be set up in such areas without the court's nod. The 1996 ruling expanded the definition of forests beyond those notified or recorded officially.

Tesla CEO Elon Musk is serious about moving the electric car company out of Delaware and reincorporating in Texas, he got good news yesterday from a judge in Delaware Chancery Court. In a case involving Tripadvisor, Vice Chancellor Travis Laster said that the online travel site can go ahead with plans to move its state of incorporation from Delaware to Nevada. The move was pushed by Tripadvisor's controlling shareholder, Greg Maffei, but was opposed by shareholders who argued that Maffei's goal was to evade accountability in Delaware courts.

₹3,000 from ₹300 but even today farmers are buying it at ₹300 because the govt took the responsibility on its shoulders...We are sincerely working on the issues regarding farmers," Sitharaman told ANI. Union information and broadcasting minister Anurag Thakur also urged the protesting farmers to not follow the path of violence and said the government is ready for further talks. “The first request is to all the protesting brothers not to adopt the path of violence.

Chief of Defence Staff Gen Anil Chauhan on Friday said India is looking at dealing with long-term challenges that may emanate from China besides focusing on the current situation along the Line of Actual Control (LAC). He made the remarks at the Raisina Dialogue. The Chief of Defence Staff, especially spoke about bridging any technological deficiencies. "(We are looking at) not only what is happening along the northern borders, but also long-term challenges so that we do not have a technological kind of a deficiency," he said.

The EIA, part of the US Department of Energy, announced it would be conducting a mandatory survey focused on evaluating the electricity consumption by cryptocurrency mining activity in the US.

Sandeshkhali villagers ransacking TMC MLA Ajit Maity's house and beating him with slippers as protests continued in the Bermajur area where angry villagers clashed with the police on Friday. Women in Sandeshkhali have been demonstrating, seeking justice against alleged atrocities of sexual assault and land grabbing committed by TMC leader Sheikh Shahjahan and his aides. Shahjahan continues to evade arrest, with both West Bengal Police and central agencies unable to trace him Villagers in Bermajur also tried to prevent police vehicles from passing through the area.

Zee Entertainment Enterprises Ltd on Friday announced the formation of a three-member independent advisory committee aimed at reinstating shareholders' trust. The committee will be chaired by Dr. Satish Chandra, a retired judge from the Allahabad High Court.

X user took to the social media platform to complain about Google's Gemini AI tool's alleged “bias" against PM Modi. As per the claims, when asked a question about fascism, the Gemini AI tool displayed a proper reply about PM Modi. However, when the same question was asked for former US President Donald Trump and Ukrainian President Volodymyr Zelenskyy, the AI tool refused to give any clear answer.

United States lawmaker Tom Emmer has criticized the Office of Management and Budget’s (OMB) decision to approve the Energy Information Administration (EIA) request to collect data on Bitcoin (BTC) mining firms.

LIC policy matures, you receive the final maturity amount from the insurer. To get the final payment, LIC customers have to make claims. You can submit a LIC maturity claim online. LIC customers have the option to electronically submit their documentation via the LIC site instead of physically submitting it. LIC urges customers to do these things Life Insurance Corporation of India or LIC is urging policyholders to update bank details and submit KYC to receive policy money, in a social media post on X.

The Texas Blockchain Council (TBC) and crypto miner Riot Platforms sued the US Energy Information Administration (EIA) on Wednesday, accusing the agency of making unlawful data collection demands from the Bitcoin mining sector.

Aamir Khan dropped a visit to the home of the late ‘Dangal’ actress Suhani Bhatnagar on Thursday. Bhatnagar passed away on February 16, after a long battle with a rare inflammatory disease. She was only 19 at the time of death. In an interview with NDTV, Bhatnagar’s uncle Navneet confirmed that the ‘3 Idiots’ star did, indeed, visit her home in Faridabad, at 6:00 pm. He inquired about her illness and also consoled her parents. Bhatnagar essayed the role of young Babita Phogat (an Indian wrestler) in the 2016 blockbuster. Khan played the role of her father Mahavir Singh Phogat in the movie.

₹499.70 on July 24, 2023. Currently trading at ₹412.45, the stock is now over 17 percent away from its peak. However, it has gained almost 12 percent from its 52-week low of ₹369.65, hit on March 17, 2023.

₹13.50 apiece on BSE. This intraday high turned out its new 52-week peak as well.

The recent changes in tax regulations have spurred numerous investors and taxpayers to explore the potential tax-saving benefits of allocating a portion of their earnings to their Employee Provident Fund (EPF) accounts over the long term. Additionally, individuals holding Provident Fund (PF) are keen to understand post-retirement pension disbursement, highlighting the necessity of acquiring knowledge about essential concepts such as the Pension Payment Order (PPO) and related matters. Also Read: Nominee vs legal heirs: Who will have an upper hand in EPFO fund distribution?

Candidates are instructed to conduct a new One Time Registration (OTR) on the Commission's new website, https://ssc.gov.in/, as any previous OTR submissions on the earlier version of the website, https://ssc.nic.in/, are rendered null and void. Detailed instructions for the one-time registration process can be found under the section 'For Candidates > Special Instructions > Instructions for filling OTR'. All future examination applications must be exclusively submitted online via the new website, https://ssc.gov.in/.

Fintech Advyzon has inked a new partnership to help enhance the custody and investment account administration process for registered independent advisors.

As the retirement plan space slowly but surely piques the interest of broker-dealers, asset managers have to revamp their strategies to work with advisors who focus on defined-contribution plans, according to new research from Cerulli.