The fresh round of discounted fares is applicable for three days starting Tuesday on all SpiceJet flights from eight cities in South India.
AG's view in the long-pending case related to the Aircel-Maxis deal has come in less than two months of the Narendra Modi government taking charge at the Centre.
Over the past month, SpiceJet has been hit by a spate of bad news. As the airline's losses mount and troubles pile up, analysts worry about its prospects.
A look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector
Check out these new stills from the Tamil movie.
Former Telecom Minister Dayanidhi Maran has been questioned by the Central Bureau of Investigation in connection with the allegations that he had received Rs 547 crore as kickbacks from a Malaysian company in the controversial Aircel-Maxis deal.
The shareholders didn't vote against a rise in the company's authorised share capital to Rs 1,000 crore (Rs 10 billion) or the reappointment of S Natrajhen as managing director.
Sun Group chief Kalanithi Maran and his wife Kavery Maran have resigned from one of the promoter entities of SpiceJet, triggering speculations about a possible sale of Maran family's majority stake in the air carrier.
No-frills carrier SpiceJet is in active discussions with Singapore-based budget carrier Tigerair for a possible stake sale even as they are set to sign a code share agreement soon.
This would be the third fund infusion in the airline by Maran since September 2011.
Kavery Kalanithi of Sun TV Group has retained her position as country's top paid business woman although her pay package declined to Rs 57 crore in 2012, according to Fortune magazine.
Kalanithi Maran's stake in the no-frills airline has increased by nearly 6 per cent to 22.05 per cent due to allotment of equity shares following conversion of convertible debentures.
To turnaround, the airline bets on heavily-discounted tickets and new overseas routes.
The Chennai-based airline promoted by Kalanithi Maran had reported a net loss of Rs 39.26 crore (Rs 392.6 million) in the same period the prior year.
Naveen Jindal, Chairman and Managing Director of Jindal Steel and Power Ltd (JSPL), has topped the executive pay charts for listed companies in India.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
Mounting bad news takes a toll on Sun TV's stock, but analysts say company's fundamentals still remain strong
Kalanithi Maran's Sun Network and Subhash Chandra's Zee Entertainment, the two homegrown media companies, have maintained their number one and two positions, respectively, in the Asia-Pacific pay broadcaster ranks for the second year in a row.
SpiceJet, the low-cost air carrier, on Thursday got its shareholders' approval to issue additional equity shares to promoter Kalanithi Maran, who in turn will infuse Rs 130 crore (Rs 1.3 billion) into the airline. Maran's equity holding would go up from 38 per cent to 43 per cent of the company's shares.
The average revenue per passenger during the reporting quarter increased 24 per cent, while the number of passengers carried rose 26 per cent.
SpiceJet board is likely to pass a resolution within three days after the court order.
Ajay Singh, one of the founder directors of Spicejet, has left the board of the low-cost airline, paving the way for restructuring of the company by its new owner Kalanithi Maran, the promoter of Sun TV.
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.
According to analysts, the Indian aviation industry has come out of blues and this is the right time to enter the sector as it may see a complete turnaround on account of consolidation in the industry and the increased demand due to pick-up in the business activity.
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
The development follows the acquisition of 37.5 per cent stake in the air-carrier by South-India based media baron, Kalanithi Maran.
Aiming to acquire a controlling stake in SpiceJet, media magnate Kalanithi Maran on Monday launched an open offer to acquire an additional 20 per cent stake in the no-frill airline for an estimated Rs 479.29 crore (Rs 4.8 billion).
BSE has sought clarification from the company with respect to the media report stating that Spicejet is to sell part/complete stake to an investor.
Sun TV promoter Kalanithi Maran, through his advisors, is talking to hedge fund Wilbur L Ross to buy its entire 30 per cent stake in low-cost carrier SpiceJet Ltd.
Earlier, SC had given two weeks to prove Chidambaram deliberately granted FIPB clearance in 2006
The airline's board decides to issue warrants to promoters on a preferential basis
SpiceJet would see a capital infusion of Rs 1,500 crore.
Sun Network has acquired 100 per cent stake in Tamil publication major Dinakaran, said an Indiantelevision.com report.
Kalanithi Maran-run Sun TV's DTH application appears to have run into rough weather with the Company Affairs Ministry finding the proposal not in conformity with the stipulated guidelines.
The Sun, the flagship publication of Murdoch's News Corporation, is in talks with Maran's Sun group to launch an English tabloid in the country.
The court had said "things are not spelt out as to what you (Centre) mean by security clearance.
Board has also accepted the resignations of Marans.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances