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SpiceJet seems to be mounting as its engine lessors — Team France 01 SAS and Sunbird France 02 SAS — on Monday rejected its promoter Ajay Singh’s offer to pledge his personal shares, equivalent to the outstanding dues of $2.5 million, towards discharge of the airline’s liability. Senior counsel, Sandeep Sethi, appearing for Spicejet, told the Delhi High Court that Singh is willing to pledge his unencumbered shares towards discharge of the airline’s liability with the HC and the same can be encashed if it failed to pay till September 30. “We are not putting any conditions. The court can pass orders for immediate release if we don’t pay between now and September 30,” he argued. However, the lessors rejected the offer, saying they don’t want “pledge of shares of a company whose existence is shaky…The pledge is not acceptable. We have given them a long leash. We want our engines back. And we have been asking for disclosure of Singh’s assets since January,” senior counsel Raj Shekar Rao told a Bench of Justice Manmeet Pritam Singh Arora.

Universal Music Group artists will see their songs made available on WhatsApp for the first time, after the record label struck a new licensing deal with Meta Platforms. The world’s largest music company has signed an expanded multi-year global agreement that allows music from its artists and songwriters to be used and shared across Meta’s global network of platforms, including Facebook, Instagram, Messenger, Horizon, Threads and WhatsApp.

Pakistan Army on Monday took former General and former Inter-Services Intelligence (ISI) chief Faiz Hameed into military custody and initiated court martial proceedings against him, said the army's media wing. This move follows a detailed inquiry mandated by the Supreme Court of Pakistan to investigate allegations made in the Top City Case. This is the first time in Pakistan's history that a court martial has been initiated against a former intelligence chief, local media said. According to a statement from the Inter Services Public Relations (ISPR), the military has acted on the findings of the inquiry to address the complaints against Lt Gen Faiz Hameed (Retd). The court martial proceedings are being conducted under the provisions of the Pakistan Army Act.

Inox Wind Ltd.(up 19.70%), Inox Wind Energy Ltd.(up 10.00%), Suzlon Energy Ltd.(up 5.00%), Hitachi Energy India Ltd.(up 4.58%), KPI Green Energy Ltd.(up 3.19%), Energy Development Company Ltd.(up 2.79%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Karma Energy Ltd.(up 1.97%), Jaiprakash Power Ventures Ltd.(up 1.72%) and Ravindra Energy Ltd.(up 1.56%) stood among the top gainers.

Shares of Macrotech Developers Ltd.(up 4.32 per cent), Mahindra Lifespace Developers Ltd.(up 3.37 per cent), Prestige Estates Projects Ltd.(up 2.83 per cent), Oberoi Realty Ltd.(up 1.45 per cent) and Sunteck Realty Ltd.(up 1.27 per cent) ended the day as top gainers in the pack.

CBI) 15 days to obtain the requisite sanctions to prosecute Chief Minister Arvind Kejriwal and AAP MLA Durgesh Pathak in a corruption case related to the alleged excise scam. Special Judge Kaveri Baweja allowed the central agency time till August 27 to secure necessary sanctions after being told that they were yet to be received from the authorities concerned. The CBI had earlier secured sanctions to investigate them in the case. Pathak, a senior member of the Aam Aadmi Party's political affairs committee, is considered very close to Kejriwal.

Hy-Vee, Inc., a retail grocery company headquartered in west Des Moines, Iowa, has relocated to a new office location spread over 54,000 sqft in Bengaluru, further enhancing its footprint in India. Hy-Vee's move to a new space is part of its plan to leverage India's talent pool for a wide range of technical and non-technical roles, allowing the company to work on projects on a 24/7 basis. The new facility, situated in Karle Tech Park on the Outer Ring Road, under a 10-year lease, aims to drive innovation and enhance operational efficiency. «We are excited to see the HST Global team's growth over the last year and a half and look forward to this new space supporting them as they continue to help move Hy-Vee forward as a retail leader,” said Travis Hoover, Chief Data Officer at HyVee.

The NSE Nifty index closed 20.5 points down at 24347.0, while BSE Sensex ended down 56.99 points at 79648.92.

Reliance Capital's resolution plan by Hinduja Group-promoted IndusInd International Holdings. The NCLT Mumbai bench also directed IndusInd International Holdings Limited (IIHL) and the Committee of Creditors (CoC) to jointly hold a meeting to decide steps to be taken for the implementation of the same. The National Company Law Tribunal (NCLT) — comprising Justice Virendrasingh G Bisht and Justice Prabhat Kumar — directed the Reserve Bank and DIPP to expedite 'the consideration of the approvals' to IIHL that are needed for implementing the RCaP resolution plan. The tribunal was hearing a petition filed by the Hindujas, seeking modification of its July 23 order and an 'extension to complete the obligations' for implementing the resolution plan.

Bank of India ensured the currency did not weaken more. The rupee closed at 83.9725 against the U.S. dollar, after closing at 83.9550 in the previous session. The currency hovered in a narrow range between 83.95 and 83.97 during the session.

Tamil Nadu minister V Balaji Senthil on Monday bail plea. The apex court was hearing bail pleas by the DMK leader challenging a February 28 order of the Madras High Court dismissing his second bail petition in a money laundering case. Senthil was arrested by the Enforcement Directorate on June 14 of last year in connection with a money laundering case linked to a cash-for-jobs scam from when he was the transport minister during an earlier AIADMK regime. The ED had on August 12, 2023 filed a 3,000-page charge sheet against Balaji.

PM-Surya Ghar: Muft Bijli Yojana. Under the scheme component, emphasis has been laid on creating one model solar village per district across India, to promote solar energy adoption and enable village communities to become self-reliant in energy needs, Ministry of New and Renewable Energy (MNRE) said in a statement. A financial outlay of Rs 800 crore has been allocated for this component, providing Rs 1 crore per selected Model Solar Village, the ministry said. The scheme guidelines for implementation of Model Solar Village were notified by MNRE on August 9, 2024.

Adani Power Ltd. traded 0.44 per cent down at Rs 692.0 at 02:10PM (IST) on Monday, even as BSE benchmark Sensex gained 282.46 points to 79988.37. The stock had settled at Rs 695.1 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 896.75 and Rs 274.65, respectively.

Amanda Thorpe, the wife of former England cricketer Graham Thorpe, has revealed that her husband ended his life after a prolonged struggle with depression and anxiety. The 55-year-old’s mental health issues worsened due to declining physical health over the past two years. His death on August 5 was confirmed by the England and Wales Cricket Board.

Prime Minister Narendra Modi is set to deliver his eleventh consecutive Independence Day address on Thursday, marking his first speech since securing a record-equalling third consecutive term in office. With his oath-taking on June 9, Modi matched Jawaharlal Nehru's record of three terms as prime minister. He is now poised to become the third prime minister, after Nehru and Indira Gandhi, to address the nation from the ramparts of the Red Fort on eleven consecutive August 15 occasions. Nehru, a leading figure of the Congress party, delivered 17 straight Independence Day speeches, while Indira Gandhi, who served as prime minister from January 1966 to March 1977 and again from January 1980 to October 1984, addressed the nation 16 times, with 11 of those speeches being consecutive.

Reserve Bank of India has set up an expert panel to benchmark India's statistics to global standards and improve them as needed, the central bank said on Monday. RBI's Deputy Governor Michael Debabrata Patra will chair the expert committee of 10 members. The panel will submit its report by the end of November 2024. The expert committee will be tasked with benchmarking the statistics regularly disseminated by it against global standards and best practices. It will also study the quality of other regular data where such benchmarks do not exist, including for sectors of national priority. Finally, the panel will provide guidance on the scope for any further data refinement.

EB-5 visa is a life-changing decision with significant personal, professional, and financial implications for the entire family. Hence, a clear understanding of the EB-5 visa lifecycle is essential to make an informed decision. Before Filing the I-526E Petition The formal EB-5 lifecycle begins with the filing of the I-526E petition, which is the EB-5 visa application. However, there are many preliminary steps and tasks that should ideally be completed before filing the I-526E petition.

Canada through the Express Entry system, many potential applicants wonder if there is an optimal age for their application. While age is a significant factor, it is not the only determinant of success in the Express Entry process. Generally, the ideal age range for maximizing Comprehensive Ranking System (CRS) points is between 20 and 29 years old. During this period, candidates can earn up to 110 CRS points if applying without a spouse, which is the highest possible score for age. As candidates get older, the points awarded for age decrease. For instance, at age 35, the maximum points drop to 77. This decline in points as one ages is a key reason why many older applicants might feel discouraged when applying for Canadian permanent residence.

Alberta Advantage Immigration Program (AAIP) is a provincial initiative designed to nominate individuals for permanent residency in Alberta, targeting those with skills to address labor shortages or who intend to establish or purchase a business in the province. The program is administered jointly by the Alberta government and the federal government of Canada. Successful nominees, along with their spouse or common-law partner and dependent children, can apply for permanent residency status through Immigration, Refugees, and Citizenship Canada (IRCC), which makes the final decision on all applications.

ACC Ltd. traded at Rs 2327.4 on BSE at 01:59PM (IST) on Monday, down 0.99 per cent. The stock quoted a 52-week low price of Rs 1803.8 and a high of Rs 2843.0. Earlier in the day, the stock saw a gap down opening.

Election Commission team led by Chief Election Commissioner Rajiv Kumar arrived here on Monday for a two-day visit to Haryana to review poll preparedness for assembly elections in the state. Elections to the Haryana Assembly are due later this year. Election commissioners Gyanesh Kumar and Sukhbir Singh Sandhu are also part of the team, officials said. Haryana Chief Electoral Officer Pankaj Agarwal welcomed the team on its arrival.