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Stocks to watch: PNB, IndiGo, MRF, Tata Steel, Equitas SFB, RBL Bank

Read more about Stocks to watch: PNB, IndiGo, MRF, Tata Steel, Equitas SFB, RBL Bank on Business Standard. The Reserve Bank of India (RBI) approved the re-appointment of Vishwavir Ahuja as the Managing Director & CEO of RBL Bank, for a further period of one year, with effect from June 30, 2021

Slots for Jet Airways will be based on existing norms, not historicity: Govt tells NCLT

Photo by Joël Super from Pexels Defunct Jet Airways, which is undergoing insolvency resolution for nearly two years, cannot claim historicity for slots at airports, and allocation of slots will be based on existing guidelines, according to an affidavit. The civil aviation ministry and aviation regulator DGCA have also informed the National Company Law Tribunal (NCLT) that for claiming historicity, the criteria cannot be based on contention that airline was in operation for 25 years. Jet Airways, which shuttered operations in April 2019, is undergoing resolution process under the Insolvency and Bankruptcy Code (IBC). The Jalan Kalrock Consortium has emerged as the winning bidder for the carrier and the resolution plan is before NCLT, Mumbai.

IndiGo, SpiceJet tumble: Aviation stocks staring at turbulent times ahead?

IndiGo, SpiceJet tumble: Aviation stocks staring at turbulent times ahead?
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