NEW DELHI: SpiceJet is now looking at a lifeline with its crucial fundraising exercise learnt to be finding favour with investors. The airline’s Rs 3,000-crore QIP has been oversubscribed, say sources. The likely investors include institutional funds like Tata Mutual Fund, Bandhan Bank, Discovery Fund, Plutus, Jupiter Fund Management and Think Investments.Family offices of ace…
The US Federal Reserve lowered its benchmark interest rate by a half percentage point (50 basis points) on Wednesday, in an aggressive start to a policy shift aimed at bolstering the US labour market.Projections released following their two-day meeting showed a narrow majority, 10 of 19 officials, favoured lowering rates by at least an additional…
MUMBAI: Wednesday’s 50 basis points rate cut decision by the US Federal Reserve may not prompt an immediate response from RBI in its Oct policy, though it could benefit India by easing pressure on the rupee and lowering borrowing costs for those with access to global markets.In the equity market, the rate cut at the…
BENGALURU: In a surprising turn of events, EY Restructuring has stepped down from its role as an advisor to Pankaj Srivastava, the NCLT-appointed internal resolution professional at troubled edtech firm Byju’s, according to sources who spoke to TOI.TOI has reviewed a document containing the minutes of the first Committee of Creditors (CoC) meeting, which mentions…
JAGTI (JAMMU): Living in exile away from their homeland of Kashmir for the past 36 years, displaced Kashmiri Pandits on Wednesday voted with a collective demand to establish a ‘homeland’ in the Valley. They also sought resettlement that ensures continuity for the younger generation with their roots through this initiative.The community members termed the government’s…
MUMBAI: Accusing his fiancee and her family of framing him in a stalking case and assaulting him after taking Rs 12.5 lakh from him, a 33-year-old chartered accountant from Jharkhand allegedly hanged himself at his rented Govandi home minutes after going live on Facebook on Tuesday. He also alleged that police had refused to intervene…
Seventy-two of top 100 JEE (A) rankers have chosen IIT Bombay, with Delhi following with 23. And in a perfect 10 for the Powai campus, all top 10 rankers have decided to study computer science at the institution. Data shared by IIT Madras at the close of admissions for the 2024-28 batch shows of the…
CHENNAI: A 19-year-old food delivery executive died by suicide at his house in Kolathur area here on Tuesday. In his suicide note, he said he took the extreme step as he was dejected as a woman customer scolded him for being late when he went to deliver groceries. The deceased was identified as J Pavithran,…
A 19-year-old class 12 student, Jia Khandelwal, died by suicide in Kota Tuesday night. Police said Jia’s father, a doctor, had dropped her off around 7pm at the entrance of a multi-storey residential building, where her aunt lives in a third-floor apartment. Instead of going to her aunt’s house, she ended her life, they added….
RAIPUR: Two Chhattisgarh Armed Force (CAF) jawans were killed and as many injured when their colleague fired at them in a camp in north Chhattisgarh’s Balrampur district Wednesday, reported. The accused jawan, Ajay Sidar, was overpowered by other colleagues and is now in police custody. Balrampur SP Rajesh Agrawal said the fragging took place at…
