Articles for tag: Aircraft, Approve, Battles, Crore, Financial, Grounding, Legal, Raising, Shareholders, Shares, SpiceJets, Struggles, Surge

September 13, 2024

SpiceJet’s shareholders approve raising ₹3,000 crore amid financial struggles, grounding of aircraft, and legal battles as shares surge.

SpiceJet has received approval from its shareholders to raise up to Rs 3,000 crore through the issuance of securities. The airline, which is facing significant challenges including financial issues, legal disputes, and a reduced fleet, aims to use these funds to meet its various obligations. In a recent regulatory filing, SpiceJet confirmed that the capital ...

September 11, 2024

Market News

Business

Protests erupt in Mexico’s Senate over a controversial judicial reform, raising fears of diminished rule of law and increased authoritarianism.

Mexico’s Senate has temporarily halted discussions on a controversial judicial reform after protesters stormed the building. Critics argue that the proposed changes could undermine the country’s rule of law, leading to widespread demonstrations. The reform, backed by outgoing President Andres Manuel Lopez Obrador and President-elect Claudia Sheinbaum, suggests electing over 6,500 judges, including Supreme Court ...

September 7, 2024

Market News

Business

Karnataka cities face alarming air pollution levels, with PM2.5 soaring six to seven times above WHO guidelines, raising serious health concerns.

A recent Greenpeace India report highlights alarming air quality issues in three major Karnataka cities: Bengaluru, Mangaluru, and Mysuru. The findings indicate that particulate matter (PM2.5 and PM10) levels in these cities are significantly higher than the World Health Organization’s guidelines. In areas like Hyderabad and Chennai, PM2.5 levels are six to seven times above ...