In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
Jet Airways CEO-designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different. The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders. "We don't want to be in a rush," Kapoor said.
Indonesia bid an emotional farewell to the 18th Asian Games on a rain-soaked evening at the Gelora Bung Karno stadium on Sunday with the Olympic Council of Asia (OCA) President hailing the event as a 'historical success'.
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. "... NCLT on April 13, 2023, heard the application and granted the said exclusion of 90 days from CIRP of FRL and consequent extension for completion of CIRP till July 15, 2023," said a regulatory filing from the company.
Bilawal has said the reality is that his party does not have a mandate to form a federal government.
GVK Group that runs the swanky MIAL (Mumbai international airport) pipped rival GMR Group to bag the contract for the proposed facility in Navi Mumbai which will ease the severe congestion at the Chhatrapati Shivaji International Airport.
US authorities are investigating corruption at FIFA, soccer's global governing body, while Swiss prosecutors have announced their own criminal inquiry into the 2018 and 2022 bids awarded, respectively, to Russia and Qatar.
Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the United States in December 2010.
After a year's delay due to COVID-19, the 19th Asian Games officially opens in Hangzhou on Saturday with hosts China eager to lift a country mired in economic gloom.
Franchise is the future but Australia rule the here and now
The chief ethics investigator of FIFA said on Wednesday he is conducting several proceedings against unnamed football officials based on initial findings from an investigation into the bidding for the 2018 and 2022 World Cup.
Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.
International Olympic Committee President Thomas Bach laid to rest speculation about India's possible bid for the 2024 Olympics, saying Prime Minister Narendra Modi did not even propose it during their meeting in New Delhi on Monday.
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani group, are in the final list of eligible prospective resolution applicants for acquiring debt-ridden Future Retail Ltd. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, on Monday came out with the final list of 'Eligible Prospective Resolution Applicants'. On April 10, FRL's RP updated a list of 49 companies, which had submitted Expressions of Interest (EoIs) after the company's lenders decided to invite fresh bids after dividing its assets into clusters.
ONGC Videsh Ltd, the overseas investment arm of state-owned ONGC, and Chinese firm Sinopec have jointly won the bid to acquire Columbian oil firm Omimex de Columbia.
Bankruptcy court NCLT on Tuesday allowed billionaire Anil Agarwal's Twin Star Technologies to take over Videocon Industries Ltd for about Rs 3,000 crore. Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time. A two-member Mumbai bench of the NCLT comprising members - H P Chaturvedi and Ravikumar Duraisamy - approved the resolution plan by Twin-Star Technologies.
International Olympic Committee (IOC) president Thomas Bach will meet Prime Minister Narendra Modi on Monday during his one-day whirlwind visit to discuss ways to take Indian sports forward amid speculation that the country might bid for the 2024 Olympic Games.
Australia's state of Victoria has withdrawn as host of the 2026 Commonwealth Games, placing the future of the quadrennial multi-sport event in doubt
A complaint addressed to Saxena in June this year had claimed that the appointment of the minister of transport as the chairman of the committee for tendering and procurement of buses by Delhi Transport Corporation was done in a "premeditated manner".
England used its final presentation on Thursday to promise FIFA a commercially successful 2018 World Cup through an initiative that would match FIFA's current spending on soccer development.
London's successful bid team for the 2012 Olympics was devastated by the news of a series of explosions on London's transport system
In signs of increasing differences, Jet Airways' winning bidder Jalan Kalrock Consortium on Tuesday asked the airline monitoring committee's authorised representative Ashish Chhawcharia not to issue any communication on behalf of the grounded carrier without approval of all the members of the committee. Amid the continuing uncertainty over the fate of Jet Airways, which shuttered operations in April 2019, the consortium on Tuesday wrote a letter to Chhawcharia. The latest development comes more than a week after Chhawchharia reportedly shot off a letter to Sanjiv Kapoor, asking him to refrain from using the title of CEO as he was only a CEO-designate.
Former IPL Commissioner Lalit Modi has hit out at the Board of Control for Cricket in India (BCCI) and it's Disciplinary Committee.
Australia's state of Victoria will not host the 2026 Commonwealth Games due to projected cost overruns.
The report into the turbulent bidding process for the rights to host the next two World Cups cannot be made fully public for legal reasons, though excerpts of it may be, FIFA's ethics judge Hans-Joachim Eckert said on Friday.
Shaharyar Khan believes India is the only Asian country that can single-handedly host the 2011 World Cup.
The Paris 2024 organising committee in February proposed surfing, skateboarding and sport climbing as well as breakdancing for inclusion in the Games.
President Vladimir Putin said on Friday that Russia could stake a claim to host future summer Olympics games, but had not yet lodged a formal bid to do so, Russian news agencies reported.
The English FA have thrown their weight behind Michel Platini's bid to succeed Sepp Blatter as FIFA president.
The new president of MCC Mark Nicholas wants the ODI format to be played exclusively in the World Cup in a bid to protect the format that is losing its importance and the rise of T20I format over the period of time.
South Africa is set to bid for the 2020 Olympic Games after successfully hosting the football World Cup, governing Olympic body chief Tubby Reddy said on Tuesday.
The Tokyo 2020 Olympics cost nearly double the figure quoted in the city's bid for the Games,
Pakistan today said India's bid at the UN to ban Masood Azhar was "politically motivated" and "replete with frivolous information", two days after its close ally China blocked the proposal to get the JeM chief and Pathankot attack mastermind listed as a global terrorist.
Punjab government on Friday approved the bid made by Commonwealth Development Corporation, a wholly owned investment institution of the British government, to buy Punjab State Industrial Development Corporation's 23.49 percent share in Punjab Tractor
PCB supremo Zaka Ashraf in his desperate bid to do damage control after indirectly terming India "enemy nation", hailed the warm reception that was accorded to the Pakistani team.
