To invest Rs 260 crore for a 40% stake in low-cost airline
The government has been denying all Opposition allegations in the matter.
It is not yet a happy ending for the Kalrock-Jalan consortium of Jet Airways as employees of airline are unhappy with relief they are being offered which is slashed down from the actual claims
Voting on the consortium's offer for employees and workmen began on Monday and will go on till August 4
The shares hit the lowest trading permissible limit for the day
Business Standard brings you the top headlines on Thursday
Jalan-Kalrock to pay only Rs 385 crore; NCLT asks govt to make slots available for new owners in order to successfully revive the airline
Continuing on its upward trajectory, shares of grounded Jet Airways gained nearly five per cent to touch its upper price limit on Tuesday
The Kalrock-Jalan consortium, whose proposal got the NCLT nod, hopes to restart Jet Airways as a full service airline with 25-30 aircraft
Further, Ashish Chhawchharia has ceased to be the resolution professional of the airline, according to a regulatory filing
Here are the best of Business Standard's opinion pieces for Thursday
Jet Airways revival will be a challenge for new owners
Shares of the defunct airline are up 15.6 per cent in 3 trading sessions as against a 1 per cent gain in the frontline S&P BSE Sensex.
NCLT rejects demand for historicity of slots
Jet suspended operation in April 2019 & its permit is not valid
Business Standard brings you the top news of the evening
Hope Jet Airways will fly again by year-end: Resolution professional, says Chhawchharia
The National Company Law Tribunal will pass its order on the Kalrock-Jalan consortium's plan for revival of Jet Airways today
The airline suspended operations in April 2019 and is under insolvency for nearly two years
Top headlines at this hour: Companies raise prices as input costs rise; Jet Airways new owners hear good news from airports.