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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
After two consecutive quarters of profit, the Ajay Singh-led airline is still struggling to pay its employees and vendors. There’s more to it than meets the eye.
How is it that a company with nearly Rs 300 crore in profits in the last six months is unable to pay its employees and vendors?
That’s the question that hangs over SpiceJet, whose management is on the road at the moment to raise Rs 3,000 crore. The fundraise, which could see chairman and managing director Ajay Singh dilute up to 10% of his stake, is key to its very survival. The low-cost airline is running out of cash and struggling to clear dues.
A similar fundraising exercise, held last December in near identical circumstances, met with limited success. With …
As the low-cost carrier pushes through a compensation overhaul, the absence of a CEO is complicating a delicate moment.
A churn in venture capital collides with the fear of missing the AI wave, while the Ajay Singh-led airline’s recurring crises raise deeper questions.
The two new chief executives at Air India and IndiGo come with contrasting reputations but face the same challenge—do their predecessors one better.
