Shares of troubled low-budget carrier SpiceJet gained as much as 3 percent on October 15 after the company informed that it has reached a settlement with two more lessors for an aggregated sum of $5 million.SpiceJet settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) for a total payment of $5 million, along with an agreeme...

SpiceJet share price gained 7 percent on 9 October, extending the previous session’s rally, after the carrier said that it has amicably settled its dispute with lessors under Babcock & Brown Aircraft Management (BBAM) for $22.5 million. The settlement amount is a notable reduction from the original claim of $131.85 million, said SpiceJet in a stock exchange filing.At about 10 am, SpiceJet stock ...

SpiceJet's share price jumped more than 9 percent on Tuesday after the airline announced plans to induct 10 new aircraft into its fleet by the end of November, in continued turnaround efforts following a significant Rs 3,000-crore fundraising. At 11:06 am, the stock was trading at Rs 62.6, after hitting an intraday high of Rs 63 per share.The fleet expansion, which includes seven leased aircraft a...

Let's catch up on the latest news from the stock market. From significant investments to major deals, fundraising and appointments, here’s a quick look at which stocks will be in focus in today's trade:Stocks To WatchBank of MaharashtraThe public sector lender launched its Qualified Institutions Placement (QIP) issue on September 30. The floor price has been fixed at Rs 60.37 per share. The issu...

SpiceJet raises an additional Rs 316 crore, total funds reach Rs 1,060 crore, The fresh capital infusion in the struggling airline comes amid its recent announcement of slashing its workforce by 10-15 percent.SpiceJet on Thursday said it has secured an additional Rs 316 crore, taking its total funds raised to Rs 1,060 crore through a preferential share issue.The fresh capital infusion in the strug...