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22 Feb 2024, 17:14

Vodafone Idea board to meet on Feb 27 to consider fundraising proposal

Vodafone Idea board to meet on Feb 27 to consider fundraising proposal

Vodafone Idea board to meet on Feb 27 to consider fundraising proposal

Telecom operator Vodafone Idea (VIL) on Thursday said its board will meet on February 27 to consider fundraising proposals. In a statutory filing, VIL said the board of directors will consider and evaluate all proposals for "raising of funds in one or more tranches by way of a rights issue, further public offer, private placement including preferential allotment, qualified institutions placement or through any other permissible mode and/or combination".

Our priority is to first stabilise Go First, says Sky One chairman
22 Feb 2024, 15:26

Our priority is to first stabilise Go First, says Sky One chairman

Sky One, an aviation company headquartered in Sharjah, which has submitted the bid to buy Go First, exuded confidence that it will be able to stabilise cash strapped airline. Besides Sky One, SpiceJet CMD Ajay Singh and Busy Bee Airways Private Limited have put in a joint bid for Go First, leading to a question whether the airline company will be revived.

Enforcement Directorate searches Hiranandani Group premises in Mumbai
22 Feb 2024, 13:29

Enforcement Directorate searches Hiranandani Group premises in Mumbai

Group in Mumbai on charges of violations under the Foreign Exchange Management Act (FEMA), according to sources. Exact details about the charges that were framed against the Group were not known at the time of filing this report. Hiranandani Group has been one of the most premium real estate developer in India with more than 40 years of experience in this business.