SpiceJet posted loss of ₹235 cr. in Q4
The Hindu
Low-cost carrier SpiceJet on Wednesday reported a loss of ₹235 crore for the quarter ended March 31. For the financial year 2020-21, the airline incurred a loss of ₹998 crore.The board approved plans
Low-cost carrier SpiceJet on Wednesday reported a loss of ₹235 crore for the quarter ended March 31. For the financial year 2020-21, the airline incurred a loss of ₹998 crore. The board approved plans to raise fresh capital of up to ₹2,500 crore through the issue of eligible securities to qualified institutional buyers. “These funds will be used to significantly strengthen our balance sheet,” the airline’s CMD Ajay Singh said. The airline has also decided to hive off the cargo business, SpiceXpress, as a separate entity.With the Prajwal Revanna sexual abuse case taking new twists every day, JD(S) State president and former Chief Minister H.D. Kumaraswamy on Monday appealed to the Hassan MP, who is his nephew, to return and subject himself to the legal process. This is the first time that such an appeal has been made by the family.
Amidst continuing protest over the murder of Anjali Ambiger in Hubballi, Home Minister G. Parameshwara, who visited the victim’s family on Monday, announced in a press conference that like the Neha Hiremath case, this too would be handed over to the Criminal Investigation Department (CID) for inquiry.