Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52 crore through an open market transaction. According to the bulk deal data on the BSE, Ajay Singh sold over 1.15 crore shares, amounting to a 0.9 per cent stake in … Read more
Trouble-hit SpiceJet turned profitable in the third quarter that ended December 2024 on the back of strong passenger demand and improved operational efficiency. The profit for Q3 stood at Rs 26 crore as against a loss of Rs 300 crore a year ago. The airline’s total revenue surged by 35% to Rs 1,651 crore. “This … Read more
Markets experienced a volatile session on Wednesday but managed to extend their upward trend, with a sharp rally in the fag-end. In today’s trade, shares of SpiceJet, Puravankara, ASK Automotive, Adani Green, Vedanta among others will be in focus due to various news developments. SpiceJetSociete Generale sold shares worth Rs 47 crore in SpiceJet through … Read more
SpiceJet on Thursday said its shareholders have approved the proposal to raise up to Rs 3,000 crore through issuance of securities. The no-frills carrier — which is grappling with multiple woes, including financial challenges, legal battles and grounding of aircraft — is looking to raise money that will help it meet various obligations. In a … Read more
Low cost carrier SpiceJet has said that Carlyle Aviation Partners — the aircraft financing unit of global private equity giant Carlyle Group — will convert a portion of their debt into equity. The agreement allows restructuring of certain aircraft lease obligations of SpiceJet aggregating to $137.68 million which upon settlement/waivers will be adjusted to $97.51 … Read more
Domestic markets traded subdued and ended the day nearly unchanged, continuing the ongoing gradual uptrend. In today’s trade, shares of General Insurance Corp, ONGC, SpiceJet, GSK Pharma, Cipla among others will be in focus due to various news developments. General Insurance CorpThe government has proposed to sell 6.78% stake in General Insurance Corporation of India … Read more
Domestic markets experienced one of the best weeks in 2024 with Nifty and Sensex extending closing at record highs last week. In today’s trade, shares of HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank among others will be in focus due to news developments and first quarter results. HDFC Life, Jio Financial, HDFC AMC, … Read more
Prime Minister Narendra Modi and Chinese President Xi Jinping engage in a brief interaction at the 15th BRICS Summit, in Johannesburg on August 25, 2023. | Photo Credit: ANI Trump arrested in Georgia racketeering case Former U.S. President Donald Trump was arrested at a Georgia jail on August 24 on racketeering and conspiracy charges for … Read more
Budget carrier SpiceJet swung to a first-quarter profit on Monday as lower expenses more than offset a fall in revenue. SpiceJet reported a consolidated net profit of Rs 197.64 crore for the quarter ended June 30, 2023, versus a net loss of Rs 783.72 crore in the year-ago period. The company simultaneously announced its March … Read more
In tune with most of the Asian peers, Indian equity indices closed in the red for the sixth consecutive day on Friday, dragged by the HDFC twins, banking and IT stocks. It was their worst week in over 8 months on fears of aggressive interest rate hikes by global central banks and a fall in … Read more