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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.
The EaseMyTrip CEO has formed an unlikely partnership with SpiceJet’s Ajay Singh to buy the grounded airline. Their bid has evoked interest and a question: will it work?
What should one do when a bankrupt company owes you money and there’s little chance of getting any of it back? Would you rather buy it out?
For Nishant Pitti, chairman and chief executive officer of Easy Trip Planners, which operates travel portal EaseMyTrip, the answer is yes.
Go First, the former Wadia group airline that is undergoing bankruptcy proceedings, owes EaseMyTrip and two of its units a total of Rs 112.17 crore. To make matters worse, it seems headed for a fate similar to bankrupt Jet Airways, which owes his company Rs 13 crore and is nowhere close to …
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.
As much as he would like to convince investors about the airline’s prospects, it’s increasingly clear the low-cost carrier is just about managing to stay afloat.
Highlights from the emirate’s flagship aviation show, Saudi fund’s exits from American stocks and easier personal loans in the UAE.
