NCLT issues notice to SpiceJet over another unpaid operational debt

Financial Turbulence: SpiceJet's New Debt Default Crisis

The National Company Law Tribunal (NCLT) has issued a notice to the SpiceJet. The notice was issued in response to a plea by Techjockey Infotech Pvt Ltd, an operational creditor of the airline, seeking the initiation of corporate insolvency resolution proceedings against the beleaguered airline. Sep 24, 2024
Anura Dissanayake takes oath as Sri Lanka's 9th President

Anura Dissanayake takes oath as Sri Lanka's 9th President

Anura Dissanayake, leader of the Marxist-leaning Janatha Vimukthi Peramuna (JVP) party, was sworn in on Monday as the ninth President of Sri Lanka, marking a historic moment as the country's first leftist head of state. Sep 23, 2024
Microsoft to reopen meltdown nuclear plant for AI energy needs

Tech Giant Taps Nuclear Power for AI Operations

Microsoft and Constellation Energy announced a groundbreaking deal to reopen the partially melted-down Three Mile Island nuclear plant, with the tech giant purchasing all the power for 20 years after the restart. Sep 21, 2024
Oyo

Oyo's $525M Acquisition: A New Chapter in Global Hospitality

Boosting its international presence, Indian hospitality major Oyo's parent company Oravel Stays is acquiring Motel 6 and Studio 6 chain with about 1,500 facilities across the US and Canada from the investment company Blackstone in a $525 million cash deal, the US firm said on Friday. Sep 21, 2024