Marans fly out of SpiceJet, Ajay Singh checks in to lead revival

Cash-strapped SpiceJet on Thursday returned to original promoter Ajay Singh for its revival as the current owner, the crisis-hit Maran family agreed to cede control with transfer of its entire 53......

SpiceJet investors approach Sebi with revival plan

Signalling an imminent change in SpiceJet's ownership, potential investors including co-founder Ajay Singh and US-based JPMorgan have begun discussions with markets regulator Sebi over their......

Tata Group set for consolidation again

A fresh round of consolidation is in the offing at the Tata Group. India's largest private conglomerate is looking to integrate some of its smaller businesses with their respective flagship......

Tatas, Istithmar may hike stake in SpiceJet

The Tatas and the Dubai-based Istithmar Group may increase their stake in Delhi-based low-cost carrier SpiceJet, which has a 10 per cent market share in Indian aviation market. While the Tatas, who......