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Qatar Airways, Indigo Likely To Make A Joint Bid For Air India et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 21, 2018 2:04 PM 1 min read
Editorial

 End of Day Wrap-up (Wednesday / March 21, 2018) #PayCommission #Qatar #Indigo #SC #Jaypee #Numetal #Trump #Facebook #CambridgeAnalytica #Transfin

Editor's Comment: The much awaited salary hike in April unlikely to go beyond the recommendations of the 7th Pay Commission, courtesy, increased revenue deficits, said MoS for Finance P Radhakrishnan in his reply to the Upper House of Parliament.

 

Government of Qatar-owned Qatar Airways and IndiGo, India’s largest budget carrier, are likely to raise a joint bid for Air India.

 

Supreme Court bench headed by Chief Justice Dipak Misra ordered the beleaguered realty firm JP Associates Limited (JAL) to deposit INR200 crore in two instalments by May 10. 

 

Trump, in an attempt to crack down on ‘improper’ Chinese trade practices has decided to significantly increase restraints for Chinese firms including tariffs on imports worth at least $30 billion.

 

After the bids of Numetal and ArcelorMittal's were declared ineligible by creditors, Numetal approached National Company Law Tribunal, Ahmedabad to reinforce its bid for Essar Steels. The NCLT is a quasi-judicial body that adjudicates issues relating to Indian companies.

 

The Cambridge Analytica crisis has its roots in a 2007 decision by Facebook to open access to its web partners and collaborators. Cambridge Analytica has suspended its CEO Alexander Nix with regard to the fiasco.