Spicejet plans to raise over Rs 3,200 cr via debt, equity

Cash-strapped domestic carrier Spicejet plans to raise Rs 3,200 crore through QIP, warrants and capital infusion by the promoter, the airline said in a presentation on Friday. Photograph: Amit......

Reliance to get $100 mn loan from EDC

Export Development Canada has announced its $100 million participation in a 10-year $2 billion syndicated loan for Reliance Industries Limited. RIL will use the funds for a gas exploration and......

Fintechs boost hiring, strengthen leadership

In the backdrop of the crisis brewing at Paytm Payments Bank, major fintech companies are ramping up their workforce and inducting new faces in their leadership teams, industry sources said on......

IL&FS Financial gets India's first masala loan

The first tranche was raised a few weeks ago and the company was looking to raise more if needed. IL&FS Financial Services became the first Indian company to raise money through a masala loan, a......

Remarks against Naroditsky land Kramnik in soup!

Naroditsky had faced unsubstantiated allegations of cheating from Kramnik months before his shocking demise at 29 in North Carolina, USA. IMAGE: Former world champion Vladimir Kramnik alluded in a......

Will FIDE Take Action Against Carlsen?

Magnus Carlsen banged the table while his game against World Champion D Gukesh was still in progress, an act that violated chess conduct rules. IMAGE: Magnus Carlsen slammed his fist into a table......