Hindu devotees raise their hands as they pray to Hindu goddess Durga in an alley of a residential area on the first day of Navratri festival, amidst the spread of the coronavirus disease in Ahmedabad, India. The Covid-19 cases in the country has been getting lesser. - Reuters
New Delhi, Oct 18, 2020 (AFP): Creditors on Saturday night (Oct 17) backed a surprise plan by a consortium to revive Jet Airways 18 months after India's biggest private airline went bankrupt with $1.2 billion in debt.
London investment fund Kalrock Capital and Dubai-based tycoon Murari Lal Jalan proposed the rescue that was "duly approved" by a creditors' committee, Jet said in a statement to the Bombay Stock Exchange.
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