The National Company Law Appellate Tribunal (NCLAT) has reserved its order on Vedanta’s petitions challenging Adani Enterprises’ bid for debt-ridden Jaiprakash Associates Ltd. The tribunal concluded hearings after arguments from Vedanta, the Resolution Professional, Committee of Creditors, and Adani Enterprises.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of