Sun Group

SpiceJet Vs Maran: Delhi HC to begin hearing fresh challenge to arbitral award in August

A division bench had on May 17 asked a single judge to hear the case afresh after it turned down an order in favour on Maran

Kalanithi Maran moves HC against I-T order on SpiceJet 'tax dues'

Maran, who sold the then sick SpiceJet to Ajay Singh in 2015, sought to quash the order related to various financial years when the company was under his ownership.

Ashok Leyland, Sun Mobility ink pact to develop e-vehicles

The global partnership between Chennai-based commercial vehicle maker and Sun Mobility will leverage India's innovation and engineering potential to develop electric mobility solutions, Ashok Leyland said in a statement.

Is SpiceJet stock at cruising altitude or can it fly even higher?

The experts generally keep a positive on the stock, but remain slightly cautious since it has rallied 38 percent in March alone.

Sun Group plans to set up phosphate plant in Egypt

Sun Group, India's one of the leading international trading and consultancy organisations, is considering to set up a USD 40 million phosphate production plant in Egypt.

Swamy moves SC against Maran-owned Sun Group

Swamy moves Supreme Court against the issue of licence to radio channel Red FM.

Sun Group-led JV to pump $500 mn in Siberian gold mine

The proposed joint venture aims to develop the Kluchevskoye gold deposit into an open pit mine and heap leach operations with an expected production rate of 12 million tonne of ore per year and gold ore production of over 6.5 tonne per annum, the company said.

HC asks SpiceJet, Maran to resolve dispute by arbitration

The order came on Maran and his airline's plea for issuing them stock warrants in SpiceJet as per a sale purchase agreement (SPA) of 2015 which led to transfer of ownership of the budget carrier to its co-founder Ajay Singh.

Kalanithi Maran in HC over share transfer dispute

Maran and his airline, Kal, have alleged in their plea that despite giving around Rs 579 crore to SpiceJet, the carrier failed to issue them the warrants or allot them tranche 1 and 2 of convertible redeemable preference shares and the amount was not utilised for paying statutory dues.

Red FM hikes ad rates by 35%

Red FM operates around 50 stations across the country and is owned by Sun TV Group's associate company Digital Radio Broadcasting.

Goyal urges US to invest in clean energy market in India

Union Energy Minister Piyush Goyal was addressing a meeting of high level gathering of US companies in the renewable energy development and financing sector, organised by the Confederation of Indian Industry (CII) in partnership with the American Council on a Renewable Energy (ACORE).

Centre challenges HC order allowing Sun Grup in FM auctions

The Information and Broadcasting Ministry and Home Ministry filed appeals against the July 23 order of Justice M Sathyanarayanan contending that the judge had erred in passing the interim order.

FM auction: Govt to challenge two HC decisions on Sun TV

A similar order has also been issued for approaching division bench of the Madras High Court to challenge a single bench order on July 23 allowing the Sun Group companies to participate in the auction.

HC interim order permits Sun to take part in FM auction

The Ministry had disallowed the group from taking part in the auction process on the basis of absence of clearance from the Union Home Ministry.

HC allows Sun Grp's Red FM to participate in mock auctions

The government dithered the proposal of auction deferment saying that many months' work has gone into conducting these auctions and all of that stands to be delayed if the auctions are deferred.

Sun TV moves Delhi High Court against govt

The group is seeking stay on FM phase three auctions as they claim to have been wrongly refused the right to bid in the auctions.

33 channels of Maran-owned Sun TV may go off-air

The Sun Network had already moved the Madras High Court seeking interim relief in the Sun FM matter and the court has granted it a stay till the petition is disposed of. It is expected to move the court again in the Sun TV Network issue.

SpiceJet to add 7 planes;another Rs 500cr infusion in April

As it embarks on a revival path, budget carrier SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs 500 crore is expected to be infused by its new owner Ajay Singh next month.

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

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.

Arrangements with grp cos a commercial decision: SpiceJet

Amid reports suggesting that huge amounts of money were diverted by the airline to sister companies, SpiceJet asserted that it is run in a professional manner and arrangements with Sun Group are only a "natural progression".

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.

Marans have aided SpiceJet to best of their ability:Grp CEO

In an interview to CNBC-TV18, Narayanan says the company has never defaulted on payments in the past and has infact paid more than Rs 3000 crore last fiscal for the same.

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.