The NCLT had approved the transfer of Jet Airways’ ownership on January 13, despite the lenders’ contention that the consortium had not fulfilled all condition precedents (CPs) – including securing the airline’s domestic flight slots and international traffic rights – as proposed in the resolution plan.
Nasdaq rebounds but posts fourth straight weekly decline
On Friday, technology stocks saw a significant rebound, boosting investor optimism about growth in artificial intelligence amidst recent market fluctuations. The semiconductor sector soared, primarily