Tag : Wadia Group

BUSINESS

Wadia Group Considers a One-time Settlement Offer in GoFirst Crisis

NileshMay 5, 2023May 5, 2023

by NileshMay 5, 2023May 5, 202303617

The beleaguered GoFirst airline owner Wadia Group plans to go for a one-time settlement with banks wherein creditors will take a “substantial haircut”, the media report mentioned....

MARKETS

Grounded GoFirst Drives Bombay Burmah Shares Tumbled 5%

NileshMay 3, 2023May 3, 2023

by NileshMay 3, 2023May 3, 202303135

On May 3, Wadia Group company Bombay Burmah Trading Corporation shares fell 4.72% to Rs 991.65 in early trade after GoFirst filed for voluntary insolvency resolution. The...

BUSINESS

IndiGo Market Share Soars to 6-Month High

NileshApril 19, 2023April 19, 2023

by NileshApril 19, 2023April 19, 202301912

Connectivity to new destinations, including Mopa (Goa) and Nashik, helped market leader IndiGo push its market share to a six-month high in March. However, low-cost...