In a crucial development for the revival of the cash-strapped Jet Airways, the Supreme Court has issued a directive to the Jalan-Kalrock consortium, the new owners, to deposit ₹150 crore in the State Bank of India's escrow account by January 31. The court emphasized that failure to comply with this deadline would indicate a breach of the terms outlined in the resolution plan for the airline's revival.

IndiGo's CEO, Peter Elbers, has announced plans to conduct a thorough review of the airline's operations to prevent future disruptions, following the chaos passengers faced due to dense fog in northern India. Despite acknowledging challenges arising from the recent weather conditions, Elbers assured that flight operations are expected to return to normalcy by next week.

In a strategic move reflecting its commitment to a dynamic global approach, PepsiCo India has announced a significant leadership transition. Jagrut Kotecha, currently serving as the Chief Commercial Officer of PepsiCo Africa, Middle-East, and South Africa (AMESA), will take on the role of CEO for PepsiCo India. This change comes as part of the company's leadership reshuffling across AMESA, following Ahmed El Sheikh's shift to take on responsibilities for the Middle East branch after his successful seven-year tenure with the India team.