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EMPLOYEE CONSORTIUM
Fable 5's cost challenge; Opendoor's India exitAnthropic's Fable 5 could rewrite how IT works, but the price tag and performance quirks raise hard questions. This and more in today’s ETt...- NCLT approves Rs 730 cr resolution plan for Rajesh Business & Leisure HotelsThe National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels. A consortium of Rare Asset Reconstructi...
- China orders Meta to unwind $2 billion buy of AI startup ManusChina's top economic planner has blocked Meta's acquisition of AI startup Manus, citing a prohibition on foreign investment in the project....
- Panasonic Partners with ANACITY to Co-Create Next-Gen Smart Community Solutions in IndiaANACITY has partnered with Panasonic to develop advanced smart home and community solutions. This collaboration will integrate Panasonic's ...
- India-China energy cooperation doesn't require warm relations, or lofty civilisational rhetoricIndia and China face a new opportunity in energy markets. Past cooperation in Africa, despite challenges, shows potential. Both nations see...
- SC asks new owners of Jet Airways how much they paid towards PF, gratuity dues of employeesThe Supreme Court has raised questions regarding the payment of dues owed to former employees of Jet Airways by the Jalan-Kalrock consortiu...
- Jalan-Kalrock needs to provide for Jet staff's PF dues: LendersBankers said the apex court's order on Monday has finally clarified that the employee liabilities have to be borne by the consortium and th...
- Twitter research group stall complicates compliance with new EU lawThe stalling of a Twitter program that was critical for outside researchers studying disinformation campaigns throws into question the comp...
- Jet Airways: No flight plan in sight, lenders may sell 11 aircraftsBankers say the Jalan-Kalrock consortium's failure to pay the required amount even one-and-a-half years after the National Company Law Trib...
- Banks must pay Jet Airways staff's PF, gratuity: Jalan-KalrockOn October 21, the appellate tribunal had directed the consortium to pay gratuity and provident fund to the airline's employees till the da...
- NCLAT directs Jalan-Kalrock consortium to share resolution plan details with Jet Airways' workmenThe development comes almost seven months after the Mumbai bench of the NCLT approved the Jalan-Kalrock Consortium's resolution plan in Jun...
- Jet Airways defers fresh take-off plans for the fourth timeThe new owners of Jet Airways have deferred the commencement of its operations for the fourth time in a year, even as the airline continues...
- Jet to commence operations next March as legal issues continue to plague airlineJet Airways will commence operations in the first quarter next year, even though it continues to be trapped in legal complications. In a pr...
- Jet Airways staff moves NCLAT against Kalrock-Jalan resolution planThe appeal comes after the emloyees rejected the resolution plan. The plea by the Bharatiya Kamgar Sena (BKS) and the Jet Airways Cabin Cre...
- Winning bidder proposes benefits for Jet Airways staff with rider; need at least 95% approvalThe voting process on the winning bidder Jalan Kalrock Consortium's proposal for employees and workmen of Jet Airways as per the resolution...
- 95% of Jet Airways staff needs to vote in favour of proposal by new owners or lose benefitsJet's creditors have taken an almost 95% haircut under the resolution plan. The winning consortium has proposed to pay Rs 385 crore against...
- Employee consortium bid for Air India rejectedWith the rejection of the employee consortium, chances of foreign fund Interups owning stake in Air India has also taken a hit. US-based fu...
- Kalrock-Jalan to pay Rs 1,183 crore to Jet's creditors over 5 yearsOutside of the resolution plan, the consortium has also offered to buy 51% of Etihad Airways’ stake in Jet’s loyalty programme, Jet Privile...
- Jet Airways employees seek interim financial reliefThe once-storied full service carrier stopped flying on April 17 as it ran out of money for daily operations.
- Jet Airways Employee Consortium, AdiGroup to bid for 75 per cent of airlineJet owes Rs 8,500 crore to banks and around Rs 25,000 crore in arrears to vendors, lessors and employees.
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