The Forbes magazine had adjudged Maran as the 38th richest man in India, with a net worth of $2.3 billion (as of September).
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.
Special CBI Judge O P Saini took cognisance of the CBI's charge sheet filed against eight accused including four companies and summoned them on March 2, 2015.
On December 31, SpiceJet's accumulated losses had grown to Rs 3,233 crore.
The prospective owners of Indian low-cost carrier SpiceJet Ltd plan to cut the airline's fleet, shrink its network and return to a "plain vanilla" business model to achieve profitability, two people close to the investors said.
Last week, the carrier had asked about 60 pilots who had resigned to leave after serving only half the six-month notice period.
Civil Aviation minister says that certain regulations restricting the growth in the aviation sector needs to be re-looked to attract investments.
Though Mistry does not make it to the club of the top 10 highest paid India Inc leaders, he will be among the next 10.
Digital Radio collectively runs 45 radio stations across the country.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
BBAM seeks $100 million, return of 6 Boeing 737s.
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
Of the 243 listed flights, it claimed to have operated 75 across the country after 1600 hours on Wednesday.
The Directorate General of Civil Aviation has been asked to open up bookings of SpiceJet till March 31, 2015, while airport operators have been asked to provide 15 days to the airline company for making payments.
The airline not to be put on cash and carry mode
Concerned over the deteriorating condition of SpiceJet, aviation regulator DGCA on Friday withdrew 186 of its slots and asked it to clear salary dues of all its employees in the next ten days.
Falling jet fuel prices, stable rupee signal lower losses
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.
The additional stake will cost the promoters Rs 312 crore (Rs 3.12 billion).
Few top honchos of India Inc did very well in 2014.
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.
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.
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.
Qatar Airways might infuse $200 million in debt and equity in SpiceJet.
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.
Did Jayalalithaa, who was also in jail then, know about these transactions?
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.
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.
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.
With the home ministry rejecting the renewal of broadcast licences to Sun group, is it end of the road for Maran brothers? R Ramasubramanian reports from Chennai.
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.
A look at the life and times of maverick businessman Chinnakannan Sivasankaran
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