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Tag: funds

Aviation
Delhi HC orders SpiceJet to pay INR 50 to former promoter Kalanithi Maran

Delhi HC orders SpiceJet to pay INR 50 to former promoter Kalanithi Maran

In a recent legal development, the Delhi High Court has instructed low-cost carrier SpiceJet Ltd to make a payment of INR 50 crore to its former promoter Kalanithi Maran and KAL Airways within six weeks.

OTAs
EaseMyTrip to raise INR 1,000cr via preferential issue

EaseMyTrip to raise INR 1,000cr via preferential issue

Easy Trip Planners, the holding company of aseMyTrip, said its board has given approval for raising up to INR 1,000 crore (around USD 120 million) through a preferential issue. In an exchange filing, the company

Domestic
Asian Development Bank to inject USD100 mn for Urban Services and Tourism in Tripura

Asian Development Bank to inject USD100 mn for Urban Services and Tourism in Tripura

In a significant move aimed at enhancing urban services and tourism infrastructure, the Asian Development Bank (ADB) has granted approval for a USD 100 million loan to the state of Tripura. Expressing commitment to the

Top Stories
Sankash introduces “No Cost Working Capital” program for travel agents

Sankash introduces “No Cost Working Capital” program for travel agents

Plans to disburse INR 100 CR in the next 6-9 months at 0% interest SanKash, India’s leading travel fintech firm announced the launch of a new service - A no-cost Working Capital program. Under this

Aviation
Go First seeking additional INR 6bn: Report

Go First seeking additional INR 6bn: Report

Defunct airline Go First has sought additional funds at a lenders meeting on Wednesday, sources said, reports Reuters. The airline is asking for between INR 4 billion and 6 billion in additional funds, the sources

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