SpiceJet share price rises 4% as court rejects a damages claim
SpiceJet on Monday, 26 May 2025 informed the Bombay Stock Exchange or the BSE that the Delhi High Court Division Bench has rejected appeal of KAL Airways and Kalanithi Maran for any Damages Claim.
As per the SpiceJet release on the exchanges, the airlines operator SpiceJet said that the Division Bench of Delhi High Court in its order dated May 23, 2025 has dismissed the appeal filed by KAL Airways and Kalanithi Maran seeking damages of more than Rs.1300 crore and other claims. These assertions were already previously rejected by the Arbitral Tribunal and then the Delhi High Court, as per SpiceJet.
SpiceJet added that it is important to clarify that KAL Airways and Kalanithi Maran initially sought damages of more than Rs.1300 crore during the arbitration proceedings. These claims were thoroughly examined and subsequently rejected by a panel of three retired Supreme Court judges, as per SpiceJet. Following this, KAL Airways and Kalanithi Maran appealed to the Single-Judge Bench of the Delhi High Court, seeking the same amount in damages, which was also rejected by the court.
SpiceJet share price opened at ₹ 44.10 on the BSE on Monday. The SpiceJet share price at the time of opening was up compared to previous days closing price of ₹ 43.83. The SpiceJet share price thereafter moved higher to ₹ 45.78 and this meant intraday gains of 4.45% for the SpiceJet share price.
SpiceJet remains in news as in May itself it had announced about anUpdate on Fleet Reactivation with the Ungrounding of Boeing 737 NG Aircraft
On May 07,2025 Spice Jet had said that as of 09 May 2025, one more Boeing 737 NG aircraft (Registration Number: VT-SGV) has been successfully ungrounded and reintroduced into our operating fleet.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
21 minutes ago
- Economic Times
CarTrade Tech shares rally 9% to a record high after Q1 profit more than doubles
Shares of CarTrade Tech climbed as much as 9% on Monday, July 28, to a 52-week high of Rs 2,068.85 on the BSE after the company reported a sharp rise in quarterly profit and revenue, driven by growth across all key business segments and higher other income. ADVERTISEMENT CarTrade Tech posted a consolidated net profit of Rs 47.06 crore for the quarter ended June 30, 2025, more than double the Rs 22.90 crore reported in the same quarter last year. Revenue from operations rose to Rs 173.04 crore from Rs 141.52 crore a year ago, according to the company's unaudited financial results approved by its board on Monday. Segment-wise growth The company's revenue is divided into three key verticals, namely Consumer, Remarketing, and Classifieds. In the April–June quarter, Consumer segment revenue stood at Rs 66.38 crore, Remarketing at Rs 59.40 crore, and Classifieds at Rs 48.14 crore. The total segment revenue was Rs 173.92 crore, with intersegment eliminations of Rs 0.88 income contribute meaningfully to the topline during the quarter, rising to Rs 25.46 crore from Rs 15.19 crore a year earlier. This included Rs 6.99 crore from interest on bank deposits, Rs 1.25 crore from gains on fair valuation or sale of financial assets, and Rs 0.40 crore in other interest a standalone basis, CarTrade Tech reported a profit before tax of Rs 29.41 crore and a profit of Rs 22.99 crore for the June quarter. ADVERTISEMENT The stock has gained 36.5% in 2025 so far and is up 139% over the past 12 months. In the last six months alone, it has advanced 51.2%, while the one-month gain stands at 29%. ADVERTISEMENT Technically, the stock is trading above all eight key simple moving averages, from the 5-day to the 200-day, reflecting sustained upward momentum. The Relative Strength Index (RSI) is at 58.1, indicating the stock is neither overbought or oversold. Meanwhile, the MACD is at 72.9 and remains above both the center and signal lines, reinforcing the ongoing bullish trend. Also read | IEX shares slide 9% as market coupling fears continue to drag, brokerages cut targets (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
21 minutes ago
- Economic Times
Gurugram startup intern reveals he left home, spent Rs 30,000 for dream job, only to be fired in 23 days; Internet furious
'I regret believing the founder': Intern spends Rs 30,000 to join Gurugram startup, gets sacked in just 23 days (representative image) Synopsis A young intern's dream internship in Gurugram turned into a nightmare after being abruptly dismissed within a month. The intern invested savings and relocated, lured by promises of mentorship and a full-time position. This incident has sparked a debate about whether Indian startups exploit young interns with long hours and underpaid work, only to replace them without justification. Imagine packing your bags, leaving home, spending Rs 30,000 from your savings, and heading to Gurugram for a dream internship, only to be shown the door in just 23 days. That's exactly what happened to a young intern who recently shared their story on Reddit, and now, it's gone viral. ADVERTISEMENT The Reddit user, posting under the name @Regrets_only_, revealed they had moved to Gurugram to work at a startup after being promised mentorship and a full-time job within three months. The expected salary? At least Rs 40,000 per month. But after working 10–12 hours a day, including weekends, things took a turn. The intern was suddenly told their role was no longer needed because a client had backed out. No notice. No warning. Just gone. "I was shocked... I regret believing the founder," the intern wrote, calling the entire experience a disaster. Now jobless and stuck in one of India's most competitive job markets, they're trying to figure out their next step, and they're not story hit a nerve with many online. Several people on Reddit shared similar experiences of being let down by person commented, "Same happened to me. Keep applying on LinkedIn, even if most jobs are fake, you'll get a few calls if you're consistent." ADVERTISEMENT Another advised, 'Don't lose hope. At that time, it was the best decision you could've made. Maybe ask the founder if he knows someone who's hiring.'This story has reignited an old debate, are Indian startups taking young interns for granted? Many of them work long hours, often unpaid or underpaid, only to be replaced without reason. The shiny promise of 'experience' sometimes hides a darker truth. ADVERTISEMENT Disclaimer: This article is based on a user-generated post on Reddit. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of Reader discretion is advised. (You can now subscribe to our Economic Times WhatsApp channel) Disclaimer Statement: This content is authored by a 3rd party. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated, and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. NEXT STORY
Time of India
21 minutes ago
- Time of India
Shanti Gold IPO subscribed 2.25x on Day 2; should you apply? Check GMP, review, and more
Synopsis The Shanti Gold IPO is priced in the range of Rs 189 to Rs 199 per share, with a minimum application size of 75 shares — translating to Rs 14,925 at the top end. Ahead of the issue opening, Shanti Gold International raised Rs 108 crore via anchor investors.
