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...

IndiGo, SpiceJet shares fall on proposal to cap airfares, A parliamentary panel has proposed route-specific capping of airfare and a separate entity to regulate and control air ticket pricesIndiGo and SpiceJet shares took a knock on February 9 morning after a parliamentary panel proposed route-specific capping of airfare.The panel also proposed the creation of a separate entity to regulate and con...

No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses.The carrier had a net profit of Rs 23.28 crore in the year-ago period.“Despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and depreciating rupee,” it said in a releas...

Shares of SpiceJet on Tuesday fell by 4 per cent on Tuesday after the apex court directed the airline to encash bank guarantee and pay Rs 270 crore to its former promoter Kalanithi Maran. The scrip of the company declined 3.99 per cent to Rs 33.65 apiece on the NSE.The stock witnessed a similar movement on the BSE, where it slumped by 3.85 per cent to Rs 33.70 per share. Meanwhile, the 30-share...

Indian equity markets are likely to start the week’s last trading session on a negative note. Ahead of the session, SGX Nifty was in red hinting at a gap-down start for domestic benchmark indices. In the previous session, BSE Sensex fell 337 points to close at 59,120, while NSE Nifty 50 declined 89 points to 17,630. “The recent movement in the index shows indecisiveness amid the global uncerta...