Author: TI Editor
(Bloomberg) — Spirit Airlines Inc. won court approval to leave bankruptcy via a lender-backed take-private deal after rejecting a takeover offer from rival Frontier Group Holdings Inc. Judge Sean Lane said Thursday he would authorize Spirit’s restructuring plan, which hands control of the Florida-based discount airline to top bondholders. That group includes Ken Griffin’s Citadel Advisors, Pacific Investment Management Co. and Western Asset Management Co., according to court documents. Spirit in November sought court protection to restructure about $1.6 billion in debt after losing ground post-pandemic as larger airlines lured travelers away by offering more basic-economy fares. The company has…
Zomato’s ticketing platform will likely receive a show-cause notice from the Maharashtra Cyber Cell for selling tickets for singer Honey Singh’s concert without mentioning the name of the buyer.A show-cause notice is being sent to Zomato for selling tickets without the name of the buyer on them, reported NDTV, citing an official.The Maharashtra Cyber Cell has sought an explanation on why tickets were sold without the names of the buyers, the report added.The authorities will check if Zomato is violating any ticketing regulations or posing security risks.Livemint reached out to Zomato for a response. There was no immediate response.Earlier, the…
Your credit score is an important factor in determining your loan eligibility and the interest rate for your loan repayment. A healthy credit score improves your loan approval chances at your desired terms. An important factor that can cause an extreme change on your credit score is a “settled” status on your loan. Let us take a closer look at this term “settled” and understand how it may affect your credit score.Understanding loan settlementA loan is said to be “settled” when it has been partially paid off, usually as a result of an agreement between the borrower and the lender.…
A vaccine to fight cancers affecting women will be available in five to six months, and those in the age group of nine to 16 years will be eligible for inoculation, Union Minister Prataprao Jadhav said on Tuesday.Addressing a press conference in Chhatrapati Sambhajinagar, the Union Minister of State for Health, Family Welfare and Ayush (Independent Charge) said that research on a vaccine is nearly complete and trials are underway.”The number of cancer patients has increased in the country, and the Central government has initiated steps to address this issue. Women above 30 will undergo screening at hospitals, and daycare…
New Delhi: Nexus Select Trust, a Blackstone-backed retail real estate investment trust (Reit), on Thursday said its board has approved the acquisition of the MBD Neopolis mall and its attached Radisson Blu Hotel in Ludhiana for ₹490 crore.The acquisition, structured as a business and asset transfer to a special purpose vehicle (SPV), Select Infrastructure Pvt. Ltd, will give Nexus Select Trust control of the MBD Complex. The deal consolidates the trust’s presence in Punjab and Chandigarh, according to a filing with the NSE (National Stock Exchange) on Thursday.MBD Neopolis generated ₹68.74 crore in revenue from operations in fiscal year 2024.The…
China, a closed economy, has already achieved a generative AI breakthrough with DeepSeek’s model. US president Donald Trump is vying to retain America’s dominance in global technology by instituting curbs on AI and high-tech exports. Indian industry stakeholders said an agreement with France can give the country a significant international partner—both as part of its global geopolitical strategy and to expand soft power by developing and selling AI applications, models and services. “Mistral, a French company, is also one of the top 10 global names in AI applications and services. This would give India a strong partner for the long…
Moving into a new home is exciting, but setting it up with the right appliances can feel overwhelming. You can equip your space with all the basic yet best appliances under ₹1 lakh without compromising on quality. his guide focuses on equipping your new space with necessities like a refrigerator, washing machine, TVs and more, that too at a massive price drop of up to 65%. Make informed decisions that prioritise both quality and functionality, allowing you to create a comfortable and well-equipped living space while remaining budget-conscious. By exploring energy-efficient alternatives and selecting durable, reliable products, we will guide you…
(Bloomberg) — Nu Holdings Ltd., one of the world’s largest digital banks, posted fourth-quarter earnings that fell short of analyst estimates amid a currency depreciation in its biggest market. The shares dropped 9% in post-market trading Thursday after earnings were released before trimming some of the losses. Nubank, as the company is known, reported $2.99 billion in revenue in the quarter through December 31, compared with a median estimate of $3.21 billion in a Bloomberg survey. Return on equity came in at 29%, in-line with estimates. Net income, meanwhile, totaled $552.6 million, short of the $566.4 million average estimate.…
(Bloomberg) — China’s distressed developers are increasingly asking local courts to drive their restructuring efforts, as weak home sales continue to weaken their ability to make headway or deliver on private debt workout plans. Chongqing Casin Property Development Group Co. late last month became the newest among its peers to apply for the court to overhaul its debt. The move followed a Bloomberg News’ report that defaulter China Fortune Land Development Co. is considering scrapping a creditor-approved debt plan for a court-led solution. Jinke Property Group Co. was the country’s first high-profile, listed delinquent builder to pursue this option. The…
Credit cards are a convenient way to earn rewards and cashbacks on your expenses. Your credit card PIN is usually a 4 digit or 6 digit number which secures your card from unauthorised usage of your card. This PIN is only known to you and is extremely important whenever you make an offline transaction through your credit card. Changing your credit card PIN is quick and simple and can be done in simple steps.In conclusion, credit cards can make you form a habit of overspending and if you do not plan your expenses wisely, you may end up in a…