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Struggling low-cost carrier SpiceJet announced on Saturday that its board has approved the issuance of 48.70 crore equity shares to qualified institutional buyers at a price of ₹61.60 per share.
From flights to supermarkets to banking operations, the global Microsoft outage is disrupting multiple sectors and threatens massive issues if not resolved soon.
In response to the Delhi High Court's ruling on May 17, SpiceJet will want a refund of Rs 450 crore from the Rs 730 crore it had previously paid to erstwhile promoter Kalanithi Maran and his company, KAL Airways.
The civil aviation regulatory body, the Directorate General of Civil Aviation (DGCA), has fined airline Air India ₹1.1 crores for a safety violation today.