Sun Group News

She has also come to be known as the original 'mystery girl' of IPL and has reported net worth of over Rs 400 crore.

"In all, there are 714 Indians in the tally," said the Indian Express in a front-page banner story done as part of a world-wide probe carried out by the International Consortium of Investigative Journalists (ICIJ).

As J-Jayalalithaa-led AIADMK registers a landslide victory in the recently conducted assembly polls, Sun TV Network, backed by DMK faces heat. 

Government has decided to challenge the decisions of the Madras and Delhi High Courts allowing Kalanithi Maran promoted Sun Group to participate in the FM radio phase-III auction.

Maran added that in fact on various occasions, tax authorities had honoured Sun TV Network for making highest tax payment in the region.

The Madras High Court on Thursday issued an interim order allowing Sun Group to participate in the Phase-III auction process of FM radio.

Crisis-hit SpiceJet board's approval Thursday for transfer of promoter Maran family's stake as well as control to Ajay Singh coincided with Pongal, an auspicious day in South India.

Kalanithi Maran-led Sun Group would also infuse Rs 80 crore in the loss-making airline following conversion of their warrants, which would give them a 10 percent minority stake.

Singh, to whom current promoters Maran family have agreed to transfer their entire over 53 percent stake as part of a revival plan, said turnaround for the airline could happen in the 2-3 quarters.

As SpiceJet Thursday got a new lease of life with co-founder Ajay Singh back in control, the airline said it is looking forward to get back to normalcy and may take some more steps for its revival.

Crisis-hit carrier SpiceJet Wednesday said its arrangements with group companies are based on commercial decisions without any possibility of extending or receiving special treatment.

SpiceJet's scrip zoomed 9.91 percent to Rs 18.30 -- its highest trading permissible limit for the day on the BSE.

SpiceJet, India`s second-biggest budget carrier and fourth overall in November, has been struggling for months. Last week it was briefly forced to ground its fleet after suppliers refused to refuel planes.

Cash-strapped budget airline SpiceJet, which has been exploring various means to raise funds for quite some time, Monday said it is in talks with a few investors to mop up fresh capital.

Shares of SpiceJet soared nearly 15 percent today amid reports of stake sale by the Sun group which owns the airline.