Jet Airways Chairman Naresh Goyal and his wife Anita Goyal are expected to step down from the board of the cash-strapped airline on Monday, March 25, sources told Moneycontrol. Chief Executive Vinay Dube is expected to stay on board the 25-year-old airline Goyal set up with his wife in 1993.

On March 20, Moneycontrol reported that Jet Airways' lenders had worked out an alternate rescue plan for the debt-ridden airline, which involves taking majority control and reconstituting the entire board of the country’s second largest carrier.

With just 11 days left to the end of this financial year, lenders are in a rush to seal a resolution plan. They have asked Goyal to step down immediately and make way for a new management. As per the plan, Goyal's stake will likely be capped at 10 percent by diluting the rest at a nominal value.

There are also talks of new investors including Tata Sons being approached, but a source told Moneycontrol it will take at least a couple of months to bring them in, as regulatory norms require due diligence on the part of the lenders too.

Oman has signed an agreement with the United States that allow American ships and warplanes to take advantage of his ports and airports. The state-run Oman News Agency said the framework agreement is aimed at bolstering Omani-American military relations.

The agreement will allow the US forces to take advantage from the facilities offered at some of the Sultanate's ports and airports during visits of the US military vessels and aircraft, particularly in the port of Duqm, it said.

Duqm port is located in southern Oman on the Arabian Sea and around 500 kilometres from the Strait of Hormuz. At the mouth of the Gulf, the strait is crucial to global energy supplies.

The US-Omani deal was signed by the defence ministries of both countries.

In Indian Premier League, Delhi Capitals beat hosts Mumbai Indians by 37-run in their opener last night.

Chasing the victory target of 214 runs, Mumbai were stopped at 176 in 19.2 overs as injured Jasprit Bumrah failed to turn up with the bat. Veteran Yuvraj Singh top-scored for the hosts with 53 off 35 balls.

Earlier, riding Rishabh Pant's unbeaten 78 off 27 balls, Delhi posted a massive score of 213 for six on board. Pant smashed the fastest fifty against Mumbai in IPL history when he reached landmark off only 18 balls. In 2012, MS Dhoni had scored a fifty off 20 balls against Mumbai.

In another match Kolkata Knight Riders defeated Hyderabad Sun Risers by six wickets. KKR chased down the target of 182 runs with the loss of four wickets in 20 overs. Earlier, Hyderabad Sun Risers made 181 runs for three in 20 overs. Opener batsman David Warner scored thrilling 85 runs.

President Ram Nath Kovind will visit Croatia, Bolivia and Chile from today till the 2nd of next month. Secretary (East) in the External Affairs Ministry Vijay Thakur Singh said, Mr Kovind will meet his Croatian counterpart and Prime Minister of Croatia and discuss the issues of mutual interest. She said, there is a scope for further investment in diverse sectors in Croatia. It will be Mr Kovind's first visit to Croatia. 

The Secretary said, in Bolivia, the President will hold restricted and delegation level talks with his counterpart. He will participate in India-Bolivia business forum meeting and interact with students.  India's bilateral relations with Bolivia are warm and age-old. Trade relations between the two sides have improved. India has also been providing capacity building support to that country.  

On the last leg of his visit, Mr Kovind will reach Chile on 30th. He will hold talks with Chile Counterpart and discuss issues of mutual interest. Improving Trade and Economic relations will be on the agenda. Mr Kovind will also interact with the Indian community. 

India has bagged 368 medals  - 85 Gold, 154 Silver and 129 Bronze at Special Olympic Games in Abu Dhabi.  Our correspondent reports that the eight-day extravaganza finally drew to a close in a spectacular ceremony on Thursday evening. 

Prime Minister Narendra Modi has congratulated the Indian medalists. In a tweet, he said it is a proud day for the county. Mr Modi said, the fortitude and accomplishments of the sportspersons will inspire millions. 

The next Special Olympic Games are set to take place in Sweden in 2021.

A Delhi court has ordered the attachment of fugitive Vijay Mallya's properties in Bengaluru in a case relating to FERA violations.

 Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through Enforcement Directorate sought more time to execute its earlier order in this regard.

The court directed the state police to attach the properties by July 10, the next date of hearing. Mallya was declared a proclaimed offender by the court on January 4 last year for evading its summons in the case. 

It had declared Mallya a proclaimed offender for evading summons in a Foreign Exchange Management Act (FERA) violation case after noting that he had failed to appear despite repeated summonses.

The court had on May 8 last year directed the attachment of Mallya's properties in the case through the Bengaluru Police commissioner and sought a report on it.

Tata Coffee on Friday announced the appointment of Chacko Purackal Thomas as the managing director and chief executive officer. He will replace Sanjiv Sarin, who retires on 31 March. He will assume the charge from April 1, 2019.

Thomas, currently working as the executive director and deputy CEO of the Tata Group firm, has been associated with the company since 2015.

In a statement to the NSE, Tata Coffee said Thomas has a Bachelor degree in Science, with a specialisation in Computer Science from the University of Jodhpur. He has over 27 years of experience in the plantation industry.

Before joining Tata Coffee, Thomas was managing director, Kannan Devan Hills Plantations Company Private Limited, Munnar.

Vice Admiral Karambir Singh was appointed as the next Navy Chief by the government. Singh will succeed Admiral Sunil Lanba who retires on May 31.

Singh was the Flag Officer Commanding-in-Chief in the Eastern Naval Command previously.

Singh was commissioned into the Indian Navy in July 1980, the Admiral earned his wings as a helicopter pilot in 1982 and has flown extensively on the Chetak and Kamov helicopters. He is a graduate of Defence Services Staff College, Wellington; College of Naval Warfare, Mumbai and has served as Directing Staff in both these institutions.

In his career spanning nearly 36 years, the Admiral has commanded an Indian Coast Guard Ship, a Naval Missile Corvette as well as Guided Missile Destroyers. He has also served as the Fleet Operations Officer of the Western Fleet.

The Central Board of Secondary Education (CBSE) launched a podcast app ‘Shiksha Vani’ earlier this week to disseminate crucial information to students and parents in a timely manner.

The board also mentioned that its first episode, on the evaluation process of Class 10 and 12 board examinations, has been released on the platform. As the examinations proceed, the episode helps students understand how their completed papers will be evaluated.

The board’s notification read: “Easy availability of up-to-date information regarding educational tools and initiatives can improve outcomes, and that is the reason why the board constantly endeavours to be in touch with its stakeholders. The board also believes in the use of new, appropriate and user-friendly technology to ensure the proper spread of its directions.”

In football, India has clinched the SAFF Women's Championship for the fifth time in a row, defeating hosts Nepal 3-1 in the final at Biratnagar. In the first half, Dalmia Chhibber of India scored the first goal of the match which was equalled by Nepal's Sabitra Bhandari at the 33rd minute.

In the second half, Grace Dengmei scored the second goal at 63rd minute and Anju Tamang scored third and decisive goal in the 76th minute. This was India's 23rd straight victory in the championship since its inception in 2010.