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SpiceJet Completes Hive-Off of Cargo Division | Mint Primer | Mint
SpiceJet, one of India's leading airlines, has recently announced a major development in its cargo and logistics division. The company has completed the hive-off of its cargo and logistics division, SpiceXpress, into a separate entity called SpiceXpress and Logistics Private Limited. This move is expected to enhance growth in the cargo business and will enable SpiceXpress to raise funds independently. But what does this mean for SpiceJet and its shareholders? Watch this informative video to learn more about this significant development.
10 Apr 2023Kandla Port Trust chairman Ravi Parmar: We aim to reach 185 mtpa capacity by 2020
Kandla Port Trust chairman Ravi Parmar on the port's expansion plans, focus on container cargo business, and new projects in Kutch
7 min read21 May 2017Apollo LogiSolutions in talks to raise Rs300 crore
Logistics firm Apollo LogiSolutions is in talks with private equity investors, including Hong Kong's ADV Partners, to raise Rs300 crore to fund its expansion plans
2 min read1 May 2017Mercator to exit dry bulk shipping business due to downturn
Mercator decides to exit dry bulk cargo business carried on by its Singapore unit by way of divestment as part of its ongoing portfolio-restructuring exercise
2 min read19 Jan 2016AAI seeks to increase revenues from cargo business
AAI seeks to work as a commercial enterprise
2 min read11 Jan 2015Air India captures top position in air cargo business
Air India captures top position in air cargo business
1 min read27 Apr 2008Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared