The man who led this journey is 50-year-old Kalanithi Maran, chairman and managing director of the Sun Group.
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.
SpiceJet's chief operating officer Sanjiv Kapoor has resigned after two years of service.
SpiceJet put one lakh seats up for grabs.
Board has also accepted the resignations of Marans.
Sun TV had approached the Home Ministry for security clearance.
The bookings under the 'Super Summer Sale' offer will remain open till Wednesday mid-night.
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.
A look at the Kalanithi Maran-controlled airline's place in the domestic aviation sector
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.
SpiceJet board is likely to pass a resolution within three days after the court order.
On August 29, CBI had filed the charge sheet in the case against Dayanidhi, Kalanithi and six others, including four firms.
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.
Maxis Communications Berhad (MCB), which has been named in a CBI chargesheet for alleged wrong doing in sale of Aircel, on Tuesday denied charges of using illegal means to acquire the firm from Siva Ventures and said it will pursue all legal remedies to defend itself and its officials.
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.
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.
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.
This would be the third fund infusion in the airline by Maran since September 2011.
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.
Rich and powerful, but secretive -- T E Narasimhan shines a light on the world of Kalanithi and Dayanidhi Maran.
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
Check out these new stills from the Tamil movie.
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.
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 airline's board decides to issue warrants to promoters on a preferential basis
SpiceJet would see a capital infusion of Rs 1,500 crore.
The difficult period created by some "legacy issues" are over.
Officials said the agency had issued a notice to Karti to present himself in person or through an authorised representative and submit personal financial documents and those related to a firm this week.
The court had said "things are not spelt out as to what you (Centre) mean by security clearance.
Sun Group CFO S L Narayanan's interview.
The average revenue per passenger during the reporting quarter increased 24 per cent, while the number of passengers carried rose 26 per cent.
The four 78-seater Q400s would connect Hyderabad with 12 Tier-II and Tier-III destinations.
The senior Congress leader's role has come under the scanner of investigating agencies in the Rs 3,500-crore Aircel-Maxis deal and the INX Media case involving Rs 305 crore.
Mounting bad news takes a toll on Sun TV's stock, but analysts say company's fundamentals still remain strong
The analysis covers BSE 200 Index's 171 companies for which data on the compensation to the boards of directors for FY14 and FY13 are available.
In June alone, Rs 13,000 crore (Rs 130 billion) worth shares were released.
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