SpiceJet Chairman Ajay Singh may sell 10-15% stake in airline to raise funds

SpiceJet promoter and chairman Ajay Singh is planning to offload more than 10 percent of his stake in the troubled airline as part of a funding round expected to close by the end of September. The airline, which is in throes of financial difficulties, facing legal challenges, and battling with a truncated fleet size, looks to raise funds to address various obligations. Read here

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GST Council to meet

Stock Radar

Suzlon Energy, SpiceJet, Ola Electric, Mazagon Dock, Gala Precision Engg will be in focus on Monday. Let's catch up on the latest news from the stock market. From significant investments to major deals, fund raising and appointments, here’s a quick look at which stocks will be in focus in Monday's trade.

D-street set for action-packed week with 13 IPOs, 8 listings, 5 allotments

Dalal Street is gearing up for a flurry of activity in primary markets this week with 13 firms looking to raise Rs 8,644 crore through IPO (initial public offerings). Investors will get an opportunity to invest in Bajaj Housing Finance, P N Gadgil Jewellers among four mainboard public issues, along with 9 SME maiden share sales. Stock exchanges will also see as many as 8 new listings in the week starting September 9. Details here

PPF, Sukanya Samriddhi: 5 new rules for your small-savings account. Here’s what you need to know

For those who have multiple small savings accounts under the Public Provident Fund (PPF), the Sukanya Samriddhi Account Scheme (SSAS), or the now defunct NSS-87 (National Savings Scheme), there’s trouble. The government has announced new rules pertaining to investors who have opened multiple accounts over the years, which had gone unnoticed so far. Here’s what they mean.

This 78-year-old tenant lost Rs 5 crore by buying the wrong property

In this episode of The Tenant, meet Ashok Kumar, a retired professional who has faced significant challenges with his Mumbai apartment rental. After a career with the Shipping Corporation of India and a stalled property purchase, Kumar has been paying Rs 1,10,000 per month for a 3BHK apartment in Prabhadevi. Despite spending Rs 1.2 crore on rent due to a delayed project, he values the social infrastructure and amenities for his family. Discover the story behind his high-cost rental situation and his future plans to finally own a home.

Tecno to launch Pova 6 Neo with AI features on September 11

Tecno is set to launch the POVA 6 Neo, a new AI-powered smartphone, on September 11 through Amazon. The company has teased the device with the tagline "Smart got smarter," focusing on AI-driven features to improve everyday digital experiences. Tecno's goal is to make AI accessible to more users, promoting the use of artificial intelligence for both personal assistance and creativity. More details here