SpiceJet secures a lifeline as Carlyle, a major aircraft lessor, agrees to convert $40.2 million of dues into equity at Rs 100 per share. This strategic move is part of SpiceJet’s efforts to raise funds and address mounting payables amid ongoing financial struggles.
Related Posts
For Unilever, India is not just a mkt, it’s much bigger: CEO
Unilever CEO Hein Schumacher sees India as a crucial hub for growth, talent, and R&D. He acknowledges short-term challenges in Asian markets but remains optimistic […]
Tough-talking Madhabi Puri Buch broke several barriers
In 2022, Madhabi Puri Buch became the first woman and first private sector professional to chair Sebi after a break. Known for her collaborative approach, […]
India’s financial ecosystem booms, to become $1 trillion digital economy by 2028
India is foreseen to achieve a $1 trillion digital economy by 2028, driven by extensive internet penetration, efficient 4G/5G services, government digital initiatives, and increasing […]