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 development follows the acquisition of 37.5 per cent stake in the air-carrier by South-India based media baron, Kalanithi Maran.
The average revenue per passenger during the reporting quarter increased 24 per cent, while the number of passengers carried rose 26 per cent.
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The agency had "almost finished" its probe into the matter, which involved Dravida Munnetra Kazhagam leader and former telecom minister Dayanidhi Maran, an official said.
Troubled carrier SpiceJet has paid employees' salaries for November and cleared dues of fuel companies as well.
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.
The airline's board decides to issue warrants to promoters on a preferential basis
Sun TV had approached the Home Ministry for security clearance.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
The court had said "things are not spelt out as to what you (Centre) mean by security clearance.
On August 29, CBI had filed the charge sheet in the case against Dayanidhi, Kalanithi and six others, including four firms.
The airline not to be put on cash and carry mode
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.
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.
Analysts say the Sun Network's fundamentals may be sound but the troubles faced by Maran have caused a lot of volatility.
Singh holds more than 36.15 crore shares.
Despite Covid downturn, CEO salaries went up by an average of 19% in FY21.
India must address issues that are plaguing its aviation sector.
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
Stocks of SpiceJet on Friday surged nearly 10 per cent after the company returned to original promoter Ajay Singh for its revival in a multi-layered deal worth up to Rs 1,500 crore (Rs 15 billion).
Jahnavi Mehta. Kaviya Maran. Preity Zinta.
Chidambaram was competent to give approval of upto Rs 600 crore but he gave the approval which was worth approximately Rs 3,500 crore
The airline has already commenced the sale of tickets for the new destination, which will be the ninth international sector to be served by carrier, SpiceJet said.
A source said Mills was leaving the airline as he was not getting operational freedom to run the organisation.
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.
Chidambaram and his son Karti were named in the chargesheet filed by the Central Bureau of Investigation in the case on July 19.
Rich and powerful, but secretive -- T E Narasimhan shines a light on the world of Kalanithi and Dayanidhi Maran.
Ajay Singh would infuse Rs 1,500 cr in SpiceJet.
The difficult period created by some "legacy issues" are over.
JP Morgan may buy stake in debt -laden SpiceJet
India's second largest budget carrier SpiceJet, which reported a record Rs 1,003 crore (Rs 10.03 billion) net loss last fiscal, may soon receive the much-needed capital infusion as talks with an overseas investor have reached "very advanced stages".
The DGCA has allowed SpiceJet to accept advance bookings beyond March 31.
Airlines' summer schedule in India commences from late March and lasts till October every year.
Thalaiva's name and photo will appear on the logo and label of the channel.
The bookings for this three-day offer commences from Monday with a travel validity period between January 16 and October 24 next year, SpiceJet said.
The CBI and the ED said that new material has been recovered which needs to be collated.
In the wake of the 2G acquittals, here are a few high-profile cases in which question marks were raised by various courts over the CBI's probe.
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.
Ajay Singh will team up with two blue-chip investors to bail out the airline
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