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SpiceJet’s Ajay Singh might sell stake to raise funds for airline
SpiceJet's Chairman Ajay Singh is considering selling over 10 percent of his stake to raise funds b…
SpiceJet board okays Rs 2,250 crore capital infusion
The Board of Directors of SpiceJet approved the raising of fresh capital of over Rs 2,250 crore thr…
SpiceJet to raise ₹2,500 crore fresh capital, convert Carlyle’s debt into equity and demerge cargo biz
Low-cost carrier SpiceJet on Monday announced that its board has approved plans to raise fresh capi…
Mumbai biz couple invests Rs 1,100 cr in SpiceJet for 19% stake
In a strategic move to bolster SpiceJet's financial position and spur growth, Mumbai-based business…
SpiceJet board will meet to consider fund raising funds, conversion of outstanding liabilities into equity
SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well a…
PTI
SpiceJet hives off cargo & logistics biz into separate entity from Apr 1
It also paves the way for SpiceXpress to raise funds independently, SpiceJet said. The dec…
PTI
Sensex, Nifty50 fall amid increased volatility: FMCG, oil & gas, metal stocks drag indices down
India’s benchmark indices Sensex and Nifty50 are likely to see a flat opening on Tuesday despite po…
Embassy REIT raises over $501 million through institutional placement of units
Embassy Office Parks REIT on Tuesday announced it has successfully completed a unit capital raise o…
SpiceJet net loss widens to ₹789 crore, CFO resigns
Amid the financial turmoil, the airline plans to raise USD 200 million, which is around Rs 1,600…
PTI
It’s not just COVID-19 — SpiceJet’s survival is getting challenged by rising costs, low cash, and new players with deep pockets
The odds of SpiceJet’s survival are turning against the Gurugram-based low-cost airline with every …
SpiceJet to operate special flight to Budapest to rescue Indians amidst Russia-Ukraine conflict
Budget carrier SpiceJet will operate a special flight to Budapest, Hungary to evacuate stranded Ind…
Bike Bazaar raises $21 million from Women’s World Banking
The Pune-based company secured the funding from a consortium led by Women’s World Banking Asset …
Crypto investing platform Crypso raises $3 million in seed funding in crypto winter
Crypso has raised $3 million in seed funding.
Akasa Air has enough capital to induct 72 aircraft thanks to Rakesh Jhunjhunwala’s visionary role, says CEO
Akasa Air is well-capitalised to induct 72 aircraft over the next five years thanks to the visionar…
Sequoia Capital-backed Indigo Paints gets green light from SEBI for ₹1,000 crore IPO
Indigo Paints, which filed its preliminary IPO papers with Sebi in November, obtained its observ…
PTI
Jet fuel now costs less than a third of diesel price in India
Aviation turbine fuel (ATF) price has been cut by Rs 6,812.62 per kilolitre, or 23.2 per cent, to R…
PTI
Hyderabad-based edtech startup Practically bags a $4 million cheque from Siana Capital
Practically, a product of 3rdFlix Visual Effects Pvt Ltd, on Tuesday announced that it has raised $…
The Indian government is planning a rescue package for the aviation sector as the losses pile up
A relief package has been a long time coming for the world’s third largest aviation market. While I…
IndiGo’s Rs. 2,500 crore IPO comes under the scanner of SEBI
Without disclosing the details of clarifications sought, the Securities and Exchange Board of Ind…
IndiGo is looking to raise $4billion by selling 10% stake via IPO
IndiGo is preparing to file documents for an IPO in next two months, aiming to raise $400 million b…