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  • Aviation Min clears SpiceJet revival plan, DGCA nod awaited Jan 19, 2015 08:32 PM IST

    Aviation Min clears SpiceJet revival plan, DGCA nod awaited

    As per the revival plan firmed up by Ajay Singh, the airline would focus on strengthening finances and improving operational efficiency.

  • Get, set, go! Stocks that may earn or lose money next week Jan 17, 2015 01:35 PM IST

    Get, set, go! Stocks that may earn or lose money next week

    Other major companies that are expected to announce third quarter earnings this week are ITC, Biocon, Ultratech Cement, ING Vysaya and Cairn India.

  • SpiceJet, Sun TV rise 9-10% as Maran exits airline company Jan 16, 2015 09:44 AM IST

    SpiceJet, Sun TV rise 9-10% as Maran exits airline company

    Credit Suisse maintains outperform rating on Sun TV as the South India-based company is its top pick in the media space to play the digitisation theme.

  • Will make open offer for SpiceJet if Sebi asks: Ajay Singh Jan 15, 2015 08:40 PM IST

    Will make open offer for SpiceJet if Sebi asks: Ajay Singh

    SpiceJet co-founder Ajay Singh said the airline has provided confidential revival plan to aviation ministry and lawyers are working on issues to come up with the authority.

  • Ajay Singh to decide on new investors in SpiceJet: Sun CFO Jan 15, 2015 05:00 PM IST

    Ajay Singh to decide on new investors in SpiceJet: Sun CFO

    The restructuring scheme has been submitted to aviation ministry and we will wait for its nod to make further announcements, said SL Narayanan CFO, Sun Group.

  • Ajay Singh takes over SpiceJet control from Kalanithi Maran Jan 15, 2015 03:44 PM IST

    Ajay Singh takes over SpiceJet control from Kalanithi Maran

    Spice will seek aviation ministry nod for Scheme of Reconstruction and Revival for the takeover of ownership, management and control of SpiceJet.

  • Ajay Singh, partners give plan to infuse $200mn in SpiceJet Jan 08, 2015 08:04 PM IST

    Ajay Singh, partners give plan to infuse $200mn in SpiceJet

    As per a capital infusion plan received by the civil aviation ministry, the initial funds from an overall corpus of about USD 200 million may come in by January 10, sources said.

  • SpiceJet says did not receive any credit from oil companies Jan 08, 2015 08:29 AM IST

    SpiceJet says did not receive any credit from oil companies

    The airline also said in a statement that it "received no credit from oil companies". Besides, the company termed as "complete speculation" the reports that SpiceJet has already received Rs 17 crore from the investors to clear all its dues to the oil companies.

  • SpiceJet has cleared employee salaries, fuel dues: CEO Dec 26, 2014 05:59 PM IST

    SpiceJet has cleared employee salaries, fuel dues: CEO

    Money-losing SpiceJet had delayed employees' salaries for November and briefly grounded its fleet this month for want of cash. Its majority owner, billionaire Kalanithi Maran's Sun Group, has said it cannot afford a bailout.

  • SpiceJet resumes operation, pays cash to buy jet fuel Dec 18, 2014 12:29 PM IST

    SpiceJet resumes operation, pays cash to buy jet fuel

    Troubled airline SpiceJet today resumed operations after being forced to cancel over 150 flights with oil marketing companies refusing to refuel its planes forcing the budget carrier to pay Rs three crore last evening to buy jet fuel.

  • Govt rescues Spicejet, may ask banks to extend loans Dec 16, 2014 09:56 PM IST

    Govt rescues Spicejet, may ask banks to extend loans

    "Indian banks may be requested to give some working capital loan based on the assurances of the promoter. Banks or financial institutions to lend up to Rs 600 crore backed by a personal guarantee of the Chairman, SpiceJet," the release said.

  • SpiceJet tumbles 17% as airline asks for govt help Dec 16, 2014 01:16 PM IST

    SpiceJet tumbles 17% as airline asks for govt help

    SpiceJet executives were set to meet government officials for another round of talks after a deadline set by regulators for the budget carrier to set out a plan for paying its dues to airline authorities and fuel suppliers expired on Sunday.

  • Rakesh Jhunjhunwala buys 1.4% stake in SpiceJet Nov 28, 2014 08:57 PM IST

    Rakesh Jhunjhunwala buys 1.4% stake in SpiceJet

    According to block deal data, Jhunjhunwala bought 75 lakh shares of SpiceJet on Friday.

  • SpiceJet to sell part/complete stake to investor: Sources Nov 21, 2014 03:51 PM IST

    SpiceJet to sell part/complete stake to investor: Sources

    As per the talks with investors, SpiceJet is valued at Rs 1500 crore. Sun Group holds 53.4 percent stake in SpiceJet. It is not yet clear whether SpiceJet promoter and media baron Kalanithi Maran is mulling to exit completely from the low-cost airline.

  • Expect ad revenue growth to be strong at over 11%: Sun TV Nov 10, 2014 10:07 AM IST

    Expect ad revenue growth to be strong at over 11%: Sun TV

    The company reported an ad revenue growth of 11.4 percent (YoY) on the back of increase in ad minutes from 15-18 minutes (YoY).

  • SpiceJet now offers Rs 499 fare on domestic network Sep 01, 2014 12:56 PM IST

    SpiceJet now offers Rs 499 fare on domestic network

    The bookings for this three-day offer commences from today with a travel validity period between January 16 and October 24 next year, SpiceJet said in a release.

  • SpiceJet raises Rs 133 cr from promoters Mar 13, 2014 07:13 PM IST

    SpiceJet raises Rs 133 cr from promoters

    "The company has on March 12, 2014 allotted 64,169,000 warrants, having option to apply for and be allotted equivalent number of equity shares of the face value of Rs 10 each at a premium of Rs 10.76 to promoters of the company on preferential basis," SpiceJet said in a BSE filing.

  • SpiceJet slashes fare: Will others follow suit? Feb 24, 2014 12:36 PM IST

    SpiceJet slashes fare: Will others follow suit?

    Chennai-headquartered SpiceJet has been incurring huge losses and has been on the look out for investors to fund its expansion plans. The airline had reported a net loss of Rs 173 crore in the December quarter, and consultancy firm Capa had last week said Spice will need upwards of USD 200 million to remain operationally viable.

  • SpiceJet to issue 6.4 crore warrants to promoters Feb 11, 2014 09:54 PM IST

    SpiceJet to issue 6.4 crore warrants to promoters

    The low cost carrier would issue up to 45,000,000 warrants to Kal Airways and 19,169,000 warrants to Maran, according to a regulatory filing today.

  • SpiceJet posts record quarterly loss of $90 mn Nov 07, 2013 09:35 PM IST

    SpiceJet posts record quarterly loss of $90 mn

    SpiceJet, controlled by billionaire Kalanithi Maran's Sun Group, said net loss was Rs 559 crore for its fiscal second quarter to September 30, compared with a net loss of Rs 164 crore rupees a year earlier.

  • SpiceJet soars 6.5% on stake sale buzz to Qatar Airways Oct 18, 2013 11:00 AM IST

    SpiceJet soars 6.5% on stake sale buzz to Qatar Airways

    The media report quotes sources saying that the talks were in preliminary stages and Qatar Airways may infuse USD 200 million in debt and equity in SpiceJet.

  • SpiceJet up 5% on stake sale talk with Tiger Air Aug 07, 2013 10:14 AM IST

    SpiceJet up 5% on stake sale talk with Tiger Air

    According to CNBC-TV18 sources, SpiceJet promoter and media baron Kalanithi Maran may offload up to 24 percent to Tiger Air as the airline faces fall in profits and attempts to retire debt, the sources familiar with the development said.

  • SpiceJet in talks with Tigerair for stake sale Aug 06, 2013 10:04 PM IST

    SpiceJet in talks with Tigerair for stake sale

    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, sources said.

  • Kalanithi Maran reduces holding in Sun TV Network to 75% May 31, 2013 10:47 PM IST

    Kalanithi Maran reduces holding in Sun TV Network to 75%

    Before the sale, Maran had held 77 percent stake in the company. The sale has been transacted through offer for sale (OFS) mechanism, it added.

  • Maran stake rises to 22.05% in SpiceJet Apr 22, 2013 09:04 PM IST

    Maran stake rises to 22.05% in SpiceJet

    SpiceJet on Monday said its promoter Kalanithi Maran's stake in the no-frills airline has increased by nearly 6 percent to 22.05 percent due to allotment of equity shares following conversion of convertible debentures.

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