AJAY SINGH GOFIRST BID

The Boxing Federation of India (BFI) has left the suspended International Boxing Association (IBA) to join World Boxing, aiming to secure boxing's Olympic future. This move follows the threat from the International Olympic Committee to exclude boxin...

The Singh-Pitti consortium's pullout leaves the revival of Go First in jeopardy. They were the frontrunners for the troubled airline with a total bid of around ₹1,600 crore.

EaseMyTrip's CEO, Nishant Pitti, announced the company's decision to withdraw its bid for airline GoFirst, citing a focus on their core strengths. This move comes after the Delhi High Court's recent order allowing lessors to deregister and repossess...

The Delhi High Court grants lessors' request to deregister Go First's 54 aircraft, restricting the airline from operating them and ordering the DGCA to aid in their export and provide certificate of airworthiness. The Resolution Professional prohibi...

Both bidders had increased their bids earlier this month after initial scrutiny by lenders, necessitating an extension to complete negotiations, people familiar with the process said. "The committee of creditors (CoC) will meet either this week or e...

One of the two bidders for bankrupt airline Go First in India has raised its offer following lender encouragement, increasing the bid by 1-1.5 billion rupees from the original 16 billion rupees. The consortium, including SpiceJet's Ajay Singh and Bu...

SpiceJet consortium and SkyOne are frontrunners in the race for Go First as present. Lenders may ask bidders to improve offers in the resolution process for the airline. Lack of information has hampered bid conditions. Previous attempt to sell faile...

Bids for bankrupt airline Go First will be opened on Friday. Ajay Singh, SpiceJet owner, and Nishant Pitti, co-owner of EaseMyTrip, are front runners with a bid of Rs 600 crore. SkyOne, owned by Jaideep Mirchandani, also placed a bid. Financial cred...

Ajay Singh, known for turning around airlines, has bid for the bankrupt Go First airline. However, his own airline, SpiceJet, is also facing financial challenges. Turning around Go First will be a difficult task, but restarting the airline quickly i...

The Supreme Court instructed SpiceJet to settle its outstanding dues of $1.25 million to Credit Suisse by March 15 in a payment dispute totaling $24 million. The court directed SpiceJet chairman Ajay Singh to appear on March 22. Credit Suisse's coun...

The Supreme Court directed SpiceJet to clear all outstanding dues to Credit Suisse by March 15. The court had earlier granted SpiceJet six months to settle arrears with Credit Suisse. SpiceJet, facing financial challenges, has also bid for bankrupt ...

Go First receives bid from Ajay Singh and Busy Bee Airways, blaming Pratt & Whitney for revenue losses. SpiceJet plans to partner with Go First, despite its own financial struggles. Market share consolidation in the aviation sector raises concerns a...

SpiceJet said that it is currently in the midst of a revival plan and has successfully completed the first tranche of capital infusion amounting to Rs 744 crore, with additional subscriptions pending regulatory approval.

SpiceJet promoter Ajay Singh and Busy Bee Airways jointly bid for financially troubled GoFirst, planning to operate it with SpiceJet's support. Singh highlighted Go First's potential and aims to leverage its strengths. The NCLT granted a 60-day exte...

Go First, which filed for bankruptcy in May last year, would have been under the resolution process for 270 days as on Feb. 4. The beleaguered airline has received expressions of interest from SpiceJet promoter Ajay Singh, UAE-based Sky One and Busy...

SpiceJet plans to focus on fleet upgradation and cost-cutting measures with the recent funding of over Rs 900 crore. The airline's bank balance now exceeds Rs 900 crore, including Rs 160 crore received from the government's Emergency Credit Line Gua...

SpiceJet promoter Ajay Singh, Sky One, and Busy Bee have submitted the bank guarantee and expression of interest for bankrupt Go First Airlines. The lenders may extend the resolution process deadline by two months. Singh applied individually, while ...

State-owned company SJVN Ltd has entered into an agreement with Bhakra Beas Management Board (BBMB) to construct an 18 MW solar power project in Himachal Pradesh and Punjab. The project, which will reduce carbon emissions by 44,923 tonnes annually, ...

The infusion will be done through subscription to equity shares or convertible securities on a preferential basis.