Media reports in the UK claim that Indian-owned franchises plan to avoid signing Pakistan's player in the auction next month, fearing severe backlash by fans back home in India.
The film's director Lokesh Kanagaraj and producer Kalanithi Maran took a collective decision to add a...
According to a separate stock exchange filing by the company, Kalanithi Maran and Kal Airways have increased their holding in SpiceJet to 52.14 per cent.
Maran had clinched a deal in June to acquire a 37.7 per cent stake in the airline for about Rs 750 crore (Rs 7.5 billion) from American investor Wilbur Ross, his investment companies and the Kansagara family-promoted Royal Holding Services Ltd.
Media magnate Kalanithi Maran is close to buying about 37 per cent equity in low cost carrier Spicejet at an estimated Rs 45 a share that would cost him about Rs 700 crore (Rs 7 billion).
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
Dravida Munnetra Kazhagam's Lok Sabha MP Dayanidhi Maran has accused his brother Kalanithi Maran of "financial crimes," and asked him to restore the entire shareholding position of Sun TV and related companies to their original state or face legal and regulatory action.
The Supreme Court has appointed its former judge P V Reddi to mediate the dispute between SpiceJet and its former promoter Kalinithi Maran, the airline said on Wednesday. The dispute dates back to 2015, when Maran sold his stake in SpiceJet of 58.46 per cent, or 50.4 million shares, to Ajay Singh for Rs 2 after the airline suffered financial trouble. A year later, Maran approached the Delhi high court, alleging a breach of agreement by Singh for not issuing him 189 million share warrants and preference shares despite Maran's Rs 679-crore infusion.
The Supreme Court on Tuesday said it would consider a joint request for mediation of low-cost airline SpiceJet and media baron Kalanithi Maran and his Kal Airways for amicably settling all pending disputes between them including the row over the share-transfer issue. A bench comprising Chief Justice N V Ramana and Justices J K Maheshwari and Hima Kohli was apprised by senior advocate Mukul Rohatgi, appearing for SpiceJet, that there were three pending issues between the low-cost airline and Maran and out of these, one has been settled on July 29. Initially, Rohatgi sought four to six week time for settling all the issues between the parties.
Kalanithi Maran, the former promoter of Spicejet, has moved the Delhi High Court against the airline.
Telugu star Allu Arjun and Tamil director Atlee are all set to collaborate on a film, backed by the production banner Sun Pictures.
The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.
Maran had sought attachment of SpiceJet promoter Ajay Singh's shares by an administrator unless the payment was made.
The Delhi high court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore. The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed. "Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed.
Maran challenged reports that he and another company official have been summoned as accused by a Delhi court in two tax evasion cases
We are only 9-10 months into the turnaround exercise: Maran
Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases.
The Supreme Court on Friday got irked over a lengthy judgement penned by a single judge bench of the Delhi high court in a case related to an arbitral award involving media baron Kalanithi Maran and SpiceJet, saying there was no "application of mind". Suggesting that the case be now transferred to another judge by the Delhi HC, the top court said the judgement "has to be carefully articulated" and "the judge must apply mind to grounds of challenge and then deduce if interference is warranted". The strong observations against the single judge bench came from a bench headed by Chief Justice D Y Chandrachud during the hearing of an appeal by Kalanithi Maran and Kal Airways against a Delhi high court order setting aside an arbitral award asking the SpiceJet to refund Rs 579 crore plus interest to the media baron and his firm.
The court had on July 21 issued summons to the firm, Maran and Natrajhen and directed them to appear today after taking cognizance of two I-T complaints filed against them.
Sunrisers Hyderabad CEO Kaviya Maran was dejected after her team were outclassed by Lucknow Super Giants on Friday.
Kalanithi had started Sun TV in 1993 with a team of 25, many of whom were his friends from college. In 2012, Forbes estimated his wealth at $2.8 billion. Was it all business acumen behind meteoric his rise? Find out
Post badminton, the movies could very well be an option for our double Olympic medallist!
'The magnitude of responsibility one has while portraying a real life legend like Mr Muralitharan is not lost on me.'
Kaviya Maran is the co-owner of the Sunrisers Hyderabad team.
After three wins in a row, the smile has returned to Sunrisers Hyderabad CEO Kaviya Maran's face.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
Glimpses of some of the team owners at the IPL auction on Saturday.
Low-cost carrier SpiceJet has raised about Rs 100 crore (Rs 1 billion) by allotting 4.29 crore shares to promoter Kalanithi Maran at a price of Rs 23.18 per share.
Sun Network chairman Kalanithi Maran and his company, Kal Airways Pvt Ltd, which was incorporated on May 6, are the acquirers of the airline.
Assets include Kalanithi Maran's shares worth Rs 139 cr in Sun Direct.
The man who led this journey is 50-year-old Kalanithi Maran, chairman and managing director of the Sun Group.
India's richest businessman, Mukesh Ambani is ranked at 33 with a salary of Rs 15 crore (Rs 150 million) annually.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
Maran had challenged the Madras High Court's July 25 decision setting aside a CBI court order discharging him in the case.
After winning just one game in IPL 2021 before Monday's match against the Rajasthan Royals in Dubai, Sunrisers Hyderabad had a lot to cheer when they ended their losing streak with an emphatic victory.
Former Telecom Minister Dayanidhi Maran, his brother Kalanithi Maran and four others were on Friday chargesheeted by the Enforcement Directorate in the Special 2G court.
SpiceJet's chief operating officer Sanjiv Kapoor has resigned after two years of service.
SpiceJet put one lakh seats up for grabs.
The bookings under the 'Super Summer Sale' offer will remain open till Wednesday mid-night.
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