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Watch the latest episode of Corporate Central to know the big headlines affecting the corporate world and stocks.
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Watch the latest episode of Corporate Central to know the big headlines affecting the corporate world and stocks
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The company's profit in Q4 has increased from Rs 87.5 crore to Rs 959.5 crore, while the market was expecting a profit of around Rs 1,100 crore
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On May 9, when the company made its debut on the stock exchanges, the listing was excellent. Against the issue price of Rs 1,080, the stock was listed at Rs 1,300.
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NCLT has dissolved the board of the airline and appointed Abhilash Lal for the bankruptcy resolution process. The airline has been asked to deposit Rs 5 crore and it has also been ordered not to lay off any employee.
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Stock is trading close to its 52-week high.
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The latest development comes a day after the NCLT issued a notice to the Ajay Singh-promoted private carrier on a petition filed by an aircraft lessor seeking initiation of insolvency resolution proceedings against it
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Go First, which is facing financial difficulties, has received some relief as the National Company Law Tribunal (NCLT) has approved the petition to begin the company's insolvency resolution process.
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The apex court is expected to take it up on May 12. It is not yet clear whether the expert panel has sought any extension or submitted the final report.
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For all this and more, watch the latest episode of Corporate Central to know the big headlines affecting the corporate world and stocks...
