* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, August 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

    Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

    Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    MBU showcases student work at Occupational Therapy Technology Fair – WHSV

    Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

    BlackSky Technology Inc. (BKSY) Reports Q2 Loss, Lags Revenue Estimates – Yahoo Finance

    BlackSky Technology Inc. Reports Q2 Loss, Misses Revenue Targets

    Improved Technology Access: A Key to Closing the Healthcare Gap for African Americans – BIOENGINEER.ORG

    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

SpiceJet may get ₹1.3k cr from big investors

December 9, 2023
in Business
SpiceJet may get ₹1.3k cr from big investors
Share on FacebookShare on Twitter

Ajay Singh’s SpiceJet, whose board is set to meet on Monday to consider fund raising efforts, is set to receive a much-needed lifeline. Two ‘big investors’ are likely to invest more than Rs 1,000 crore in the struggling airline, Times of India reported, citing sources. One investor is expected to inject around Rs 1,000-1,200 crore, while the other may contribute up to Rs 300 crore, the report said.

In a communication to the BSE stock exchange had said that its “board in its meeting scheduled on December 11, 2023 (Monday) will discuss and consider, inter-alia, options for raising fresh capital through issue of equity shares and/or convertible securities on preferential basis.” This has lifted the stock price of the airline by nearly 18% in one week.

The airline has been grappling with a cash crunch, resulting in only a portion of its fleet being operational. The airline’s plan to secure funds comes as creditors intensify pressure.

However, previous attempts to secure funding were unsuccessful due to a lack of investor interest. SpiceJet has been grappling with a cash crunch for several quarters and is currently facing multiple court cases related to outstanding debts owed to Maran, financial services firm Credit Suisse, and lessors. The airline has incurred significant losses in recent years, with a net loss of Rs 1,513 crore in 2022-23 and Rs 1,744 crore in 2021-22. However, in the first quarter of the current fiscal year, SpiceJet managed to generate a net profit of Rs 197.6 crore.

Recently, a SpiceJet aircraft was seized and grounded in Dubai due to litigation. However, the aircraft was later released following an order of the Dubai International Financial Centre (DIFC) Court. “In a DIFC Court hearing on December 7, the Order was discharged in favour of SpiceJet,” SpiceJet said in a statement.

“Additionally, the Judge has directed an inquiry into losses suffered by SpiceJet as a result of the order having been made. The Court has further ordered to pay towards the legal costs incurred by SpiceJet,” the airline said.

(Catch all the Business News, Breaking News Events and Latest News Updates on The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Economic Times of India – https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/spicejet-may-get-rs-1300-crore-lifeline-from-two-big-investors/articleshow/105858170.cms

Tags: businessInvestorsSpiceJet
Previous Post

Deloitte Taps Kilt Blockchain to Offer Logistics Services

Next Post

9 tips on how to take care of your gold jewellery

Netflix Scores Canadian Rights To FIFA Women’s World Cup For Next Two Tournaments – Deadline

Netflix Scores Canadian Rights To FIFA Women’s World Cup For Next Two Tournaments – Deadline

August 8, 2025
Professor Emeritus Peter Temin, influential and prolific economic historian, dies at 87 – MIT News

Renowned Economic Historian Professor Peter Temin Passes Away at 87

August 8, 2025
Peacock’s Biggest Action Show Streams 2 New Episodes Sooner Than You Think – yahoo.com

Peacock’s Hottest Action Show Drops 2 New Episodes Sooner Than Expected!

August 8, 2025
Nebraska doctors struggling with mental health issues had nowhere to go, until now – KSNB

Nebraska doctors struggling with mental health issues had nowhere to go, until now – KSNB

August 8, 2025
White House readies order to fine banks for dropping clients over politics, WSJ reports – Reuters

White House readies order to fine banks for dropping clients over politics, WSJ reports – Reuters

August 8, 2025
Icing‐related injuries in polar bears (Ursus maritimus) at high latitudes – Laidre – 2024 – Ecology – ESA Journals

Frozen Peril: The Devastating Impact of Icing Injuries on Polar Bears in the High Arctic

August 8, 2025
Carnegie Science Center launching new name in September – CBS News

Carnegie Science Center Unveils Exciting New Name This September

August 8, 2025
Petersburg youth explore Coho Creek for science education – Petersburg Pilot

Petersburg Youth Dive into Science with Hands-On Exploration of Coho Creek

August 8, 2025
Is there a path to healthier aging? What the latest research shows | Bodyworks – The Oklahoman

Is there a path to healthier aging? What the latest research shows | Bodyworks – The Oklahoman

August 8, 2025
MBU showcases student work at Occupational Therapy Technology Fair – WHSV

Discover the Most Innovative Student Projects at the Occupational Therapy Technology Fair

August 8, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (760)
  • Economy (783)
  • Entertainment (21,660)
  • General (16,352)
  • Health (9,823)
  • Lifestyle (793)
  • News (22,149)
  • People (784)
  • Politics (793)
  • Science (15,996)
  • Sports (21,280)
  • Technology (15,763)
  • World (766)

Recent News

Netflix Scores Canadian Rights To FIFA Women’s World Cup For Next Two Tournaments – Deadline

Netflix Scores Canadian Rights To FIFA Women’s World Cup For Next Two Tournaments – Deadline

August 8, 2025
Professor Emeritus Peter Temin, influential and prolific economic historian, dies at 87 – MIT News

Renowned Economic Historian Professor Peter Temin Passes Away at 87

August 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version