File Photo

File Photo

The Mint Report for 7 November 2011

The Mint Report for 7 November 2011

File Photo

SKS Microfinance and much of India’s microlending industry has been struggling after an Andhra Pradesh law made it difficult to recover payments from borrowers. Just last week, the company’s board approved a plan to raise Rs900 crore through a share sale to institutional investors through the so-called QIP process.

Loading Video

SpiceJet is about to decide whether it wants to buy 15 new aircraft. The carrier’s board will meet on Friday to discuss whether it should exercise the option to buy 15 turboprop planes from Bombardier. It had already ordered 15 such planes last year. SpiceJet has wanted to expand its domestic services. But it’s also facing losses at a time the broader airline industry is struggling.

Keep up with latest news/ views on the livemint Facebook page

Follow livemint on Twitter for latest news / views / full coverage

Close