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SpiceJet approves 48.7 crore share issue for Rs 3,000 crore QIP at Rs 61.60 apiece
SpiceJet has received shareholder approval to raise up to Rs 3,000 crore through a special resolution. The airline intends to use the funds to improve its financial situation and return to full operational capacity.
Minda Corp to raise up to Rs 1,000 crore; board OKs issue of shares, convertible securities; stock up
The decision taken at the board meeting allows for multiple potential routes for fundraising, including a preferential allotment of shares, or a QIP.
SpiceJet raises Rs 3,000 cr from institutional investors
SpiceJet has raised Rs 3,000 crore through sale of shares to qualified institutional buyers, providing a much-needed tailwind for the struggling airline
devdiscourse
13d
Pritika Group Eyes Rs 950 Crore Sales Growth
Engineering and automotive components maker Pritika Group targets Rs 950 crore sales in the next three years, driven by rising demand and a strong order book. The company, through its subsidiaries, ...
3d
on MSN
Uno Minda announces Rs 610 crore investment for new plant in Indonesia
Auto components maker Uno Minda Ltd on Thursday announced investments of more than Rs 610 crore on setting up a new plant in ...
The Financial Express
12d
20 more chip project awaits govt nod; Subsidy outlay needs to be raised from Rs 76,000 crore
The erstwhile scheme for promotion of manufacturing of electronic components and semiconductors (SPECS) also had incentives ...
11d
Pritika Auto Announces Sales Target of Rs 950 Cr In Next 3 Years After Robust Start To FY25
With revenues projected to reach between Rs 900 and Rs 950 crore over the next three years and a profit after tax (PAT) ...
13d
Auto components industry must reduce dependence on imports: Minister HD Kumaraswamy
The auto components industry must reduce dependence on imports by embracing localisation, Minister of Heavy Industries H D ...
The Financial Express
12d
Jabil to set up Rs 2,000 crore plant in Tamil Nadu, boosting Apple’s supply chain
In addition to Jabil’s investment, the Tamil Nadu government also signed an MoU with Rockwell Automation to expand its ...
devdiscourse
13d
Indian Auto Sector Reaches Rs 20 Lakh Crore Milestone in FY24
The Indian automotive industry crossed the Rs 20 lakh crore mark in FY24, contributing significantly to GDP and employment.
15d
on MSN
Tata Power awards contracts worth Rs 11,481 crore to local suppliers
These contracts, spread across two major categories like materials and services, have been awarded to local contractors and ...
4d
on MSN
Cabinet okays Rs 35,000 cr PM-AASHA scheme extension to empower farmers
Union Cabinet approves Rs 35,000 cr PM-AASHA scheme extension. Includes price support & stabilisation funds to benefit ...
4d
For saturation of tribal welfare schemes, Cabinet clears Rs 79,156 crore for PM Janjatiya Unnat Gram Abhiyan
The Union Cabinet on Wednesday approved an outlay of Rs 79,156 crore for the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, a ...
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