NEW DELHI — India’s civil aviation authorities are tightening their oversight of embattled budget carrier SpiceJet as the airline grapples with a compounding crisis of shrinking operational capacity, sliding market capitalization, and acute internal financial strain. Civil Aviation Minister K Rammohan Naidu confirmed on Thursday that both the Ministry of Civil Aviation (MoCA) and the […]
Paytm Rejects Maiden Bonus Share Proposal: A Strategic Pivot Toward Sustained Profitability
In a surprising turn of events that has captured the attention of the Indian financial markets, fintech giant Paytm (One 97 Communications) has officially shelved its proposal for a maiden bonus issue of shares. Despite the company’s recent financial resurgence, the board of directors concluded that the timing for such a capital restructuring is not […]