BUSINESS
NCLT rejects Jet employees' plea for copy of Jalan's resolution plan
A top corporate tribunal has rejected the plea of Jet Airways employees seeking a copy of the resolution plan of the successful consortium of Murari Lal Jalan and Kalrock Capital. The consortium's resolution plan has been accepted to restart the now defunct airline.
Zomato raises Rs 1,800cr from five investors
The five investors who have pumped money in the new round are Kora (which contributed $115 million), Fidelity ($55 million), Tiger Global ($50 million), Bow Wave ($20 million) and Dragoneer ($10 million). The new funding for Zomato comes just a couple of months after closing a $660 million financing round.
Sensex up 400 points; oil & gas, metal stocks rise
Healthy buying was witnessed in oil and gas, metal and capital goods stocks. The top gainers on the Sensex were ONGC, L&T and SBI while the major losers were Asian Paints, Kotak Mahindra Bank and Maruti Suzuki India.
India's office space grows in 2020 with deals worth $3.1 bn: Report
A report, titled 'India Real Estate Outlook - A Growth Cycle', said that what appeared to be a short term pull back from institutional investments in Indian real estate in the first three quarters of 2020, came back with bang in the last quarter with large deals.
NCLT can now issue directions to convene meetings of shareholders: Future Retail
A SC division bench had stayed, till February 26, the order passed by the single judge of Delhi High Court, which, on February 2, had directed all parties including regulatory authorities to maintain status quo (i.e. to stop the proceedings in the Scheme of Arrangement pending before NCLT, Mumbai) till the pronouncement of reasoned order of the single judge.
Arun Kumar resigns as CFO of Vedanta
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. Vedanta is a major producer of oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and power.
Elon Musk says prices 'seem high' after Bitcoin hits new high
Tesla CEO Elon Musk, who has been tweeting on cryptocurrencies with greater frequency for some time now, has said that prices of Bitcoin now "seem high". His comments came after Bitcoin's total market value passed $1 trillion for the first time on Friday, according to data from CoinDesk.
Petrol prices unchanged after rising over Rs 3 per litre in 12 days
On Sunday, price of the fuel in Delhi, Mumbai, Chennai and Kolkata was at Rs 90.58, Rs 97.00, Rs 92.59, Rs 91.7 per litre, respectively, unchanged from the previous levels. Premium petrol has crossed Rs 100 per litre mark in several cities of Rajasthan, Madhya Pradesh and Maharashtra a few days back.
SBI Payments to expand digitisation of merchant payments
After the launch of 'YONO Merchant App', merchants will be able to access details of transactions, generate reports, upload transactions for processing etc. through SBI's mobile application besides accepting payments on their mobile device.
Dineout acquires event curator SteppinOut
This is the fifth acquisition by Dineout after inResto, Torqus, Gourmet Passport and Binge Digital. The fresh acquisition will help Dineout host multiple types of offline experiences ranging from food festivals, night markets, live comedy events, movie nights and more.
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