Lenders seek stay on Jet’s transfer to Jalan-Kalrock Consortium

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.

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Dollar jumps after strong US payrolls report

The US dollar index jumped significantly following the Labor Department’s report indicating an increase of 165,000 jobs last month, which far exceeded economists’ forecasts. As