The Delhi High Court on Thursday reserved its order on petitions filed by Go First's lessors against the Directorate General of Civil Aviation (DGCA) for the release of their aircraft currently in the possession of the cash-strapped airline.

The DGCA had told the high court earlier it had not rejected the application of Go First’s lessors for deregistering the aircraft but had kept the process (of deregistration) in abeyance because of the moratorium. A moratorium period is the suspension of all or certain legal remedies against debtor(in this case Go First).

An agreement between Adani Roads — a subsidiary of Adani Enterprises — to acquire the road portfolio from Macquarie Asia Infrastructure Fund (MAIF) for Rs 3,110 crore was terminated by the Adani group, the company said in a regulatory filing on Thursday.

Adani Enterprises said it had earlier announced a plan in August 2022 to acquire 100 per cent stake in Swarna Tollway Private (STPL) and 56.8 per cent stake in Gujarat Road and Infrastructure Company.

P Sarath Reddy, director of Aurobindo Pharma, has turned approver in the Delhi excise case after a Rouse Avenue court on Thursday accepted the Enforcement Directorate's plea to pardon him, a report by The Hindu Businessline said. ED said that Reddy will voluntarily disclose all the irregularities in making and implementing the liquor policy in Delhi.

According to ED, Reddy was a part of the "South Group" that had allegedly paid Rs 100 crore to the Aam Aadmi Party (AAP), which was used to fund its Goa elections. He was arrested in November last year and granted bail by the Delhi High Court last month.

Instant messaging platform WhatsApp on Thursday said it banned over 7.4 million Indian accounts in April — around a 60 per cent increase month-on-month — due to possible user harm activities such as online abuse.

The popular messenger app has recently come under scrutiny over increasing spam calls from international numbers. The platform has taken down 7,452,500 Indian accounts, out of which 2,469,700 were proactively banned, before any reports from users. In March, the company had taken down around 4.7 million Indian accounts.

L&T Construction will create renewable energy infrastructure for the world’s largest green hydrogen plant at NEOM, the company said in a BSE filing.

L&T will engineer, procure, and construct a 2.2 GWac PV solar plant, 1.65 GW wind generation balance of plant and a 400 MWh battery energy storage system at Oxagon in Saudi Arabia’s region of NEOM.

Great news for LPG consumers! The selling companies have announced a significant reduction in the price of LPG gas, specifically in the commercial sector. However, the price of LPG cylinders remains unchanged from last month. On May 1, 2023, the price of commercial gas cylinders saw a reduction of Rs 172.

In New Delhi, the price of commercial gas has been reduced by Rs 83.5, now standing at Rs 1773. Last month, it was priced at Rs 1856.50 per cylinder.

Congress leader Rahul Gandhi, on Wednesday, spent the first half of his day with Silicon Valley-based startup entrepreneurs, known for doing path-breaking work in the field of Artificial Intelligence and cutting-edge technologies.

Sitting in the front row of the Plug and Play auditorium along with Indian Overseas Congress chairperson Sam Pitroda and some other key aides who have been travelling with him from India.

Shares of Coal India (CIL) slipped 5 per cent to Rs 229.65 on the BSE in Thursday's intra-day trade as the government began offloading its 3 per cent stake, using the offer for sale (OFS) mechanism, starting today.

The floor price for the stake sale has been set at Rs 225 a share, which represents a discount of around 7 per cent from the closing price of Rs 241.2 on Wednesday. In the past two months, the stock had rallied 13 per cent till Wednesday.

Gold price rose Rs 440 in Thursday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,960, according to the GoodReturns website. Silver prices were up by Rs 4,200, with 1 kg of the precious metal selling at Rs 76,800.

The price of ten grams of 22-carat gold rose Rs 400 to Rs 55,850.

Zepto, online grocery company, announced key leadership elevations as it eyes for a public listing in the next two to three years. The company in a statement also said that it has multiplied its business by 4x in the past 12 months and has also made several dark stores profitable.

Vinay Dhanani, COO, Zepto now takes the role of President- supply chain and category. “With 15 years of supply chain experience in companies like Flipkart and ITC, Vinay Dhanani joined Zepto as its COO.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.