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Will restructure balance sheet and repay debts: Spicejet CMD

December 09, 2024

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Financial Express Mumbai

PLANNING TO UNGROUND 28 AIRCRAFT

- SWARAJ BAGGONKAR

Will restructure balance sheet and repay debts: Spicejet CMD

ON THE BACK of ₹3,000 crore funds raised via qualified institutional placement (QIP), struggling carrier SpiceJet said it will restructure its balance sheet, clear all outstanding dues, unground and upgrade its fleet in the next two years. The low-cost carrier claimed that the response from the qualified institutional investors was 'overwhelming', underscoring the strong confidence in SpiceJet's growth potential.

المزيد من القصص من Financial Express Mumbai

Financial Express Mumbai

Colgate Q4 net flat at ₹353 crore on GST charge

COLGATE-PALMOLIVE INDIA'S net profit remained nearly flat at ₹353.3 crore in the March quarter, weighed down by charges linked to the inverted duty structure following GST changes, organisational restructuring costs, and tax-related adjustments.

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Hindalco Q4 PAT down 51%, misses estimates

HINDALCO INDUSTRIES REPORTED an annual decline of 50.8% in net profit for the fiscal fourth quarter at ₹2,597 crore as compared to ₹5,283 crore at the end of Q4FY25, lagging Bloomberg estimates of ₹4,491 crore.

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Eicher Motors posts record net profit of ₹1,520 cr in Q4

EICHER MOTORS POSTED its highest-ever consolidated net profit of ₹1,520 crore in the fourth quarter of FY26, up 12% from ₹1,362 crore in the corresponding period last year, driven by record motorcycle sales at Royal Enfield and continued growth in its commercial vehicle business.

time to read

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May 23, 2026

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Maruti tightens grip on fleet CNG mkt; Hyundai gains pace

INDIA'S FLEET VEHICLE market is increasingly consolidating around CNG-powered vehicles, with Maruti Suzuki strengthening its dominance even as Hyundai Motor India emerges as the only credible challenger.

time to read

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May 23, 2026

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Soul of the North, painted in Verde silver

EXCLUSIVE LUXURY AND ROBUST NORTHERN FLAVOURS, SERVED AT A PREMIUM

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2 mins

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Net FDI inflows rise more than seven-fold to $7.7 bn in FY26

FOREIGN DIRECT INVESTMENT (FDI) inflows rose in both gross and net terms in FY26 compared to the previous year, the RBI’s May bulletin showed, allaying apprehensions over the relative stagnation of capital inflows into the Indian economy.

time to read

1 min

May 23, 2026

Financial Express Mumbai

Report income in tax return even if it is not reflected in AIS

● If some incomes are not reported in AIS, should I still report them in ITR and pay the tax? —Pramod Saini

time to read

1 mins

May 23, 2026

Financial Express Mumbai

Call for extension of financing scheme for micro food units

THE FOOD PROCESSING industries ministry is seeking a five-year extension of the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme, which provides 35% credit-linked subsidy, an official said on Friday.

time to read

1 min

May 23, 2026

Financial Express Mumbai

H-1B visa registrations decline 38.5% in FY27

REGISTRATIONS FOR H-1B visas dropped by 38.5% in FY27 with the US saying it had approved more applicants with advanced degrees and higher salaries of those “making a real impact on the economy.”

time to read

1 min

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WHO chief raises risk of Ebola outbreak in Congo to ‘very high’

THE WORLD HEALTH Organization has raised the risk of the Bundibugyo strain of Ebola turning into a national outbreak in the Democratic Republic of Congo to “very high”.

time to read

1 min

May 23, 2026

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