Falling jet fuel prices, stable rupee signal lower losses
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
They were chargesheeted for alleged offences punishable under section 120-B (criminal conspiracy) of IPC and under relevant provisions of the Prevention of Corruption Act.
There could be rejig at top level at SpiceJet.
The sources said the matter should have been referred to the Cabinet Committee on Economic Affairs as foreign investments above Rs 600 crore (Rs 6 billion) can only be cleared by Cabinet Committee on Economic Affairs headed by the Prime Minister.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
Sun Group CFO S L Narayanan's interview.
The 30-share Sensex ended up 140 points at 28,262 and the 50-share Nifty was up 37 points at 8,551.
Troubles for SpiceJet seem to have piled up and it remains financially strapped.
The combined pay for India Inc's top management was up 30 per cent in FY16, growing at the fastest pace in nine years
Indian airline SpiceJet Ltd said on Thursday that its billionaire owner, Kalanithi Maran has proposed to transfer majority ownership in the ailing carrier to co-founder Ajay Singh.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
Though Vistara is not a low-cost carrier, it could benefit from the fact that the difference between the fares of LCCs and economy class of full-service carriers in India is minimal today.
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.
A majority of India's billionaires gained wealth in the last one year in spite of the stock market decline.
In the wake of lukewarm response to his last two films Lingaa and Kochadaiyaan, T E Narasimhan and Urvi Malvania examine ways in which Rajinikanth can reclaim past glory.
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
Few top honchos of India Inc did very well in 2014.
Ajay Singh is trying hard to turnaround SpiceJet.
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
Did Jayalalithaa, who was also in jail then, know about these transactions?
Some lessors have even taken the airline to court.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
Concerned about the deteriorating financial and operational performance of the Kalanithi Maran-promoted airline, the DGCA had on Friday withdrawn 186 flight slots of SpiceJet and directed it not to take bookings for flights beyond a month.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
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