SpiceJet’s fleet has been partially grounded and the airline has been looking at ways to raise capital. At least three aircraft lessors have filed insolvency pleas against the company. In July, SpiceJet promoter Ajay Singh infused Rs 500 crore by subscribing to equity shares.
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture’s shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT