Articles for tag: Crore, Financial, Funding, Market, Ongoing, Regain, Reputation, Restore, Secures, Share, SpiceJet, Struggles

September 23, 2024

SpiceJet secures Rs 3,736 crore funding to regain market share and restore its reputation amidst ongoing financial struggles.

SpiceJet, the low-cost airline, has successfully raised Rs 3,000 crore through a Qualified Institutional Placement (QIP) from global investors to improve its efficiency and reliability. The airline also plans to receive an additional Rs 736 crore from past funding to bolster its financial stability and support growth initiatives. With this investment, SpiceJet aims to strengthen ...

September 14, 2024

Market News

Business

After ankle surgery, Mohammed Shami vows to regain full fitness before returning to cricket, eyeing a strong comeback for India.

Indian pacer Mohammed Shami is focused on achieving complete fitness after undergoing ankle surgery. He emphasized the importance of not rushing his comeback to ensure he avoids further injuries. Shami, who last played in the 2023 ODI World Cup final, plans to participate in domestic cricket to test his readiness before returning to the international ...

September 12, 2024

Market News

Business

Amid financial turmoil, Paytm vows to regain profitability by focusing on core payments and leveraging AI for growth.

Paytm, under the leadership of founder Vijay Shekhar Sharma, is focusing on its core payment services while aiming for profitability. Speaking at the annual meeting, Sharma emphasized a commitment to compliance and continuous improvement in business operations. Recently, Paytm faced challenges, including a reported loss of Rs 839 crore in the first quarter of FY25 ...

September 6, 2024

Market News

Business

Hyundai launches new EXTER variants amid declining sales, featuring advanced tech and safety upgrades to regain market attention.

Hyundai Motor India has introduced two new variants of its popular entry-level SUV, EXTER. The S(O)+ variant, featuring manual transmission, is priced at Rs 786,300, while the S+ variant boasts an automated manual transmission (AMT) and costs Rs 8,43,900. Both models come loaded with exciting features, including a smart electric sunroof, a digital cluster with ...