Today, bids for the bankrupt airline Go First will be unveiled as lenders seek potential buyers. The creditors of Go First, alongside the committee overseeing the bankruptcy proceedings, are set to convene today to assess the bids. Sources informed CNBC-TV18 that the lenders and the Insolvency Resolution Professional (IRP) will reveal the bids during this […]
Lunolux, the promoter entity of Eureka Forbes, has divested a 10 percent equity stake in the company through open market transactions on the BSE. According to bulk deals data available on the BSE, Lunolux sold 19,347,924 shares at an average price of Rs 506.06, totaling the transaction at Rs 979.12 crore. As of December 2023, […]
On February 22, the Delhi High Court directed SpiceJet, a low-cost airline, to settle $2 million of its outstanding dues to two engine lessors by February 29, warning of potential orders for grounding the engines if payment isn’t made. Earlier, on January 29, the court had instructed SpiceJet to pay $4 million by February 15, […]
Byju’s founder Byju Raveendran, along with his wife and co-founder Divya Gokulnath, and brother Riju Ravindran, have announced that they will not be attending the extraordinary general meeting (EGM) called by a group of investors seeking Raveendran’s removal as CEO and changes to the board. As the only board members at Think & Learn, the […]
Byju’s, the embattled edtech firm, announced that its founder, Byju Raveendran, along with other board members including his wife, Divya Gokulnath, and brother Riju Raveendran, will not be attending the extraordinary general meeting (EGM) called by the company’s investors on February 23 aimed at ousting the top management. According to a spokesperson for Byju’s, the […]
Following the clearance for utilizing unused and purchasable FAR for five Amrapali projects in Greater Noida, NBCC has announced plans to construct 13,250 flats with a revenue potential of Rs 15,000 crore. The projects set to benefit from this decision include Centurian Park, GH-05, Sector Tech Zone-IV; Golf Homes, GH-02, Sector-4; Leisure Park, GH-01, Tech […]
On February 22, Jio Financial Services Ltd saw its stock surge to a record high, marking an almost 5 percent increase and reflecting a notable 26 percent gain over the preceding month. The unit of Reliance Industries closed trading at Rs 303.85 on the National Stock Exchange (NSE), rising by 4.74 percent. In its earnings […]
Clean Max Enviro Energy Solutions (CleanMax) announced on Thursday that it has entered into a long-term power purchase agreement with Bangalore International Airport Limited (BIAL). The captive power project, which will be established in a solar-wind farm located in Jagaluru, Karnataka, will be owned and operated by CleanMax. It will comprise 36 MW of solar […]
Shareholders at Byju’s are poised to vote on Friday regarding a resolution brought forth by certain investors aiming to remove founder CEO Byju Raveendran and his family members due to alleged “mismanagement and failures” at the once-preeminent Indian tech startup. However, the outcome of the vote at the extraordinary general meeting (EGM) won’t take effect […]
Angel One announced on Thursday its intention to raise up to Rs 2,000 crore through preferential issue, QIP, or other means. The brokerage, in a filing with the stock exchange, stated that the purpose of this fundraising is to bolster financial flexibility, facilitating business growth, and capitalizing on emerging opportunities within both the existing and […]