News digest: Stressed power assets, Jet Airways-Godrej deal, and more

30 power assets headed for NCLT  

Lenders to about 30 stressed power assets will refer them to bankruptcy courts, after the Allahabad High Court denied any relief to the sector from the Reserve Bank of India’s February 12 circular setting a 180-day deadline for resolution, which ended on Monday. These comprise 18 coal-run and a dozen gas-based and hydropower projects. Some petitions were in the process of being filed on Tuesday. Read More

Google sets stage for e-commerce play 

It’s official. Google will make its debut in India’s e-commerce and retail ecosystem this Diwali via its payments platform, Tez, rechristened Google Pay.  

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