With networth of USD 21.5 billion, Mukesh Ambani has retained his title as India's richest person for sixth year in a row, while Mexican business tycoon Carlos Slim has emerged as wealthiest in the world for the fourth consecutive year.
Forbes India gets a list of 5 deals that fell through
Budget carrier SpiceJet has raised Rs 54.27 crore through issue of warrants to promoter Kalanithi Maran.
Budget carrier SpiceJet has raised Rs 130 crore through issue of securities in two tranches to promoter Kalanithi Maran this week.
SpiceJet today said shareholders have approved proposals to raise Rs 145 crore through issue of debentures and warrants, on preferential basis, to its promoter Kalanithi Maran.
After winning the bid for the Hyderabad IPL franchise in October, the Sun Group is now betting big on its new catch.
News of a stake sale in SpiceJet was doing the rounds. But, SL Narayanan, Group CFO of Sun Group denied any such reports and said the Marans continue to hold 48.6% in the airline.
SL Narayanan, Group CFO at Sun Group says 55 percent of the ad revenue for the company came in from the FMCG sector, where he expects a distinct shift in spending pattern. "We expect double-digit ad revenue growth rate for the third quarter of this year," he told CNBC-TV18 in an interview.
Central Bureau of Investigation (CBI) said that Marans has got Rs 550 crore bribe in Aircel-Maxis deal.
In this report proxy advisory firm IIAS has recommended shareholders vote against 2 of the 3 resolutions proposed by Sun TV.
Proxy advisory firm Institutional Investors Advisory Services has advised investors to vote against Sun TV Network‘s resolution seeking to fix the remuneration of executive chairman Kalanithi Maran and his wife and executive director Kavery Kalanithi.
Air India (AI) has lost its marketshare in April, helping the low-cost airline SpiceJet to become the third largest airline in the month with a market share of 17.7%
Low-cost carrier SpiceJet today said it has allotted 4.29 crore shares to promoter Kalanithi Maran at Rs 23.18 per share.
Spicejet has allotted 4.29 crore shares to Kalanithi Maran at Rs 23.18 per share, reports CNBC-TV18.
SpiceJet in a board meeting today has allotted 429 lakh equity shares to Kalanithi Maran. This will increase his stake in SpiceJet by 5% to 48.59%.
SpiceJet board has allotted 3.5 crore shares to Kalanithi Maran at Rs 36.48 per share. The promoters stake to go up from 38.6% to 43%, reports CNBC-TV18.
The CBI is likely to summon Malaysia-based Maxis group chairman T Ananda Krishnan in connection with the controversial Aircel-Maxis deal case.
The CBI on Monday conducted raids at former telecom minister Dayanidhi Maran's residence in connection to the 2G spectrum scam.
It is the season of annual general meetings, and it was Spice Jet’s turn today. With the Kalanithi Maran at the helm, SpiceJet is looking to put behind a bad first quarter where is reported a loss of Rs 70 crore.
The market was pretty dull this week, looking forward to RBI's monetary policy to pave its course. However, poor IIP numbers, inflation data and the steep depreciation in the rupee largely affected its performance.
Low-cost airline SpiceJet today said it will raise about Rs 130 crore by allotting shares, amounting to 5% stake, on preferential basis to majority shareholder Kalanithi Maran.
Rasesh Shah, aviation analyst at ICICI Direct joins CNBC-TV18 to talk of the cause-effect of the stake hike by the promoter. He says that SpiceJet was looking for funds to finance their expansion plans and considering the high interest rate scenario, a promoter stake hike was the best solution.
Shares of SpiceJet rose 7% to Rs 25.60 on the BSE following Kalanithi Maran, promoter of media group Sun TV Network Ltd, increasing his stake in the low-cost airline SpiceJet Ltd to 43% by October, in the process bringing in much-needed funds to the tune of about Rs 130 crore.
Low cost carrier SpiceJet today said it will issue over 3.59 crore shares to promoter Kalanithi Maran on preferential basis, amounting to around Rs 78 crore at the current market price.
Sashi Kumar, the chairman of Asian College of Journalism talks to CNBC-TV about what the developments in the Maran case means for the minister and the DMK party.