AgenciesSenior counsel AM Singhvi had sought an urgent hearing in the matter after the DGCA rejected its application for cancellation of the registration of its Airbus A320NEO aircraft parked at the Delhi International Airport. Terming the DGCA's May 3 decision as "illegal, manifestly arbitrary and capricious", the lessor said the aircraft's "safety is at risk" and the expenses for the parking charges were being borne by it.
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Boarding Gate: Financial Investors Being Tapped to Bid for Go FirstPreliminary talks on a possible rescue of grounded budget carrier Go First through the insolvency process have been initiated with a few financial investors, including a leading global private equity fund, said people with knowledge of the matter.
Borrowing Rates for Govt, Cos to DeclineBulk borrowing rates for the government and corporates are set to reduce in the short term as Friday’s central bank move to withdraw India’s highest denomination banknotes of ₹2,000 from the markets is expected to boost banking system liquidity.
Tiger Gets Ready to RRoar at IPLTiger Global, among the world’s most prolific technology-focused investors, is in talks to pick up a financial stake in the Indian Premier League’s franchise Rajasthan Royals, said two people in the know of the matter.
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