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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.
Creditors seem to be running out of options to revive the grounded airline, unless SpiceJet can pull off a surprise.
SpiceJet doesn’t come across as a company that is doing well enough to acquire another. The Ajay Singh-led airline hasn’t turned a profit in five years and seems to be struggling to meet its payment obligations. Sure, it may have finally come into some money after the recent fundraising announcement. But the Rs 2,242 crore that it cobbled together from a long list of 64 investors still leaves Rs 10,000 crore of liabilities to be taken care of.
Can it then really acquire Go First, the low-cost airline whose promoter, the Wadia Group, filed for voluntary bankruptcy in May last …
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.
Dubai International Airport and Fujairah port were once again disrupted on Monday. Separately, there is a new warning that this conflict could result in the region’s worst crises in decades.
The state-owned lender’s successful issuance—and rare pricing advantage—signals India’s hesitant sustainable finance market may finally be maturing
