The civil aviation ministry appears supportive of SpiceJet because it does not want another airline to fail. The real test now will be the capacity of the airline's chairman, Kalanithi Maran, to raise funds. And he needs to do this quickly.
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SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
A one-pot meal packed with nutrition and taste.
Confirming the resignation of Aggarwal, airline sources said Kishore Gupta, a member of the SpiceJet board, is likely to take over the position for the time being as part of an interim arrangement.
SpiceJet would see a capital infusion of Rs 1,500 crore.
IMAGES from the Indian Premier League match played between Lucknow Super Giants and Gujarat Titans in Lucknow on Sunday.
Indian sweet, snack, and restaurant chain group Bikanervala, with revenues of over Rs 3,000 crore, is working towards an initial public offering (IPO) for its food company in the next three years. Before that, it could also bring in private equity (PE) investors. The low-profile Aggarwal family-owned group company, Bikanervala Foods (which also sells under the brand name Bikano), operates in the snack business.
SpiceJet has been most affected by the grounding of 737 Max 8 aircraft as it has 12 of them in its fleet.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
Wipro Consumer Care and Lighting on Thursday announced the acquisition of Brahmins - a Kerala-based traditional vegetarian, spice mix and ready-to-cook brand - and it has also drawn up plans to launch its snacks brand targeting the southern market. The company will focus on the southern market and is in the process of launching its own brand in the fast-growing ready-to-eat and snacks segment, Wipro Consumer Care and Lighting and managing director Vineet Agrawal told PTI. He further said Wipro Consumer Care and Lighting would take the acquisition route for expanding in the spices segment.
DGCA rules require pilots to service a six-month notice.
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Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. "With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
Meanwhile, Minister of State for Civil Aviation Mahesh Sharma said that there was no question of any bail out to the beleaguered carrier
The move comes amid expectations that the government would allow foreign airlines to invest directly in Indian carriers.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
SpiceJet slumped slumped almost 14 per cent amid reports that the Airports Authority of India (AAI) has decided to withdraw credit facility to the low-cost carrier.
Operations have stabilised with on-time performance at around 90 per cent and cancellations rates being the lowest in the industry.
England have retained old warhorse James Anderson who is seven shy of reaching the landmark 700 wickets and become the first pacer to achieve the feat.
No dandiya party is complete without a heavy dose of bling and colour.
A Mumbai girl, who has grown up eating dabeli all her life, the dish is her absolute favourite.
Baga and Gokarna make the list of the world's top 100 beaches.
SpiceJet put one lakh seats up for grabs.
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Officials in India's civil aviation ministry are now expected to meet SpiceJet stakeholders within a couple of days to discuss the revival plan
Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.
India's spices board has decided to float a new company to market spices across the country and abroad.
This is three and a half times the loss in the same quarter a year ago.
DGCA sources pegged SpiceJet's total dues at Rs 1,600 crore (Rs 16 billion), which the airline owes lessors, vendors, income-tax department and airport operators.
Over the past six months, the airline's fleet has shrunk from 58 aircraft to 48 planes with the carrier returning 10 Boeing 737s to lessors.
The protesting farmers' main demand to legalise the minimum support price (MSP) regime has divided opinion. One school of thought says it would lead to crop diversification and help India keep under check its burgeoning import bill on edible oils and pulses, while another says it would incentivise farmers to produce low-quality crops. Contrary to popular perception, India has a trade surplus in agriculture and allied activities, which stood at $18.65 billion during 2022-23 (FY23) against $15.92 billion in the previous year. However, the surplus was mainly on account of rice, wheat, sugar, spices, and buffalo meat.
It would help in saving fuel, reducing CO2 emissions as well as noise levels, according to officials
SpiceJet was dragged to court by several aircraft leasing firms.
Ajay Singh is trying hard to turnaround SpiceJet.
Meet Sudhakar Prabhu, who has become an overnight Internet sensation.
IndiGo continues to fly high as the top airline in India while crisis-hit SpiceJet has some good news.
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