Marans

The aviation sector in India has been a graveyard of fortunes and dreams, but its fatal allure continues to attract new players

SpiceJet up 4% on new aircraft orders worth Rs 1.5 lakh cr

The stock has seen a steady recovery ever since chairman Ajay Singh's return in 2015. In fact, the scrip has risen around 16% in the past 15 days.

ED names Marans, Sun Direct, others in Aircel-Maxis case

The ED is arguing that the parties in question, especially the Maran brothers, received illegal gratification by way of the Aircel-Maxis deal

SC dismisses govt's plea against Sun TV's Red FM

The radio channel had been facing trouble since the government had denied renewing its license, citing 'security threat' posed by the Marans, who are minority shareholders in the radio channel.

CCI approves SpiceJet takeover by Ajay Singh

With the CCI nod, the low-cost carrier's original promoter is closer to taking the management control and ownership of SpiceJet. The CCI is learnt to have approved the deal that would see Singh acquiring more than 58 percent stake in SpiceJet.

Willing to assist SpiceJet as per law: Aviation MoS Sharma

Speaking exclusively to the channel, Mahesh Sharma, the minister of state for aviation, said Rs 1,500 crore could be enough for Spicejet to stay afloat.

SpiceJet: Talks between Ajay Singh, Marans may collapse

According to sources, Singh has said he wants Marans to pay nearly Rs 1100 crore in liabilities. But Marans have disagreed to pay the amount in a crucial meeting held with Singh and others this evening.

SpiceJet to seek time till Jan for recapitalisation plan

The company is expected to come up with a recapitalisation plan and submit it by December 15.