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NCLT admits Jet for bankruptcy, sets 90 days for resolution

Mumbai: The National Company Law Tribunal (NCLT) Thursday admitted the insolvency petition filed by the lenders’ consortium led by State Bank against Jet Airways. The tribunal has also appointed Ashish Chhauchharia of Grant Thornton as the resolution professional for the crippled airline that stopped operations...

India denies receiving communication on H-1B visa cap

New Delhi: India has not received any communication from the US on its reported decision to consider caps on H-1B work visa for nations that mandate storing of data locally, the foreign ministry said Thursday. India had last year mandated payment firms to store customer...

GST refunds: Govt identifies 5,106 ‘risky exporters’

New Delhi: The government Thursday said it has identified 5,106 “risky exporters” so far who have claimed GST refunds based on bogus invoices, and would manually check their claims before issuing refunds. According to sources, such fraudulent claims of Integrated GST (IGST) refunds by exporters...

Kia Seltos launched

New Delhi: Kia Motors, the world’s 8th largest automaker, Thursday forayed into Indian market with their most anticipated car Seltos in New Delhi. The new car, which oozes contemporary and stylish design with plush and spacious interiors, will be available in global markets in the...

MPC found clear signs of economy losing traction

Mumbai: At the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting earlier this month, RBI Governor Shaktikanta Das had pointed to clear evidence of economic activity losing traction while presenting the rationale for a rate cut, as per the minutes of the MPC...

Fed leaves interest rates unchanged

Washington: The US Federal Reserve has left interest rates unchanged as officials weighed mixed signals on the health of the US economy and the impact of trade tensions. The Federal Open Market Committee, the Fed’s policy-making committee, decided to maintain the target range for the...

Plus III online admission process begins June 24

Bhubaneswar: With the CHSE deciding the date for announcing Plus II Commerce and Arts results June 21, the Higher Education department has issued a notification for online admissions to Plus III degree courses for the 2019-20 academic session. The process will begin June 24 and...

MNRE plans DRC to resolve SECI, NTPC project plaints

New Delhi: The Ministry of New and Renewable Energy (MNRE) has decided to set up a three-member dispute resolution committee (DRC) to look into disputes beyond contractual agreements between solar or wind power developers and Solar Energy Corporation of India (SECI) or state-run power giant...

Govt proposes zero regn fee for electric vehicles

New Delhi: The government has decided to waive registration charges for electric vehicles, a draft notification said Wednesday. The move, aimed at promoting electric vehicles (EVs) in India, comes at a time when the country plans high penetration of such vehicles by 2030. Issuing the...

 

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