Editorial Comment

Price cuts, cash infusions and oil prices

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Price cuts, cash infusions and oil prices

SpiceJet has reportedly received Rs500 Crore (Rs5Trillion) or about US$80m at today’s exchange rates, from promoter Ajay Singh who owns 60.31% of the airline (from 1.85% a year ago). That is one third of the promised Rs1,500.00 Crore that was promised last December.  The money arrived with SpiceJ...

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