Airline SpiceJet plans to convert about $97 million of its dues to Carlyle Group into equity and debentures. The restructuring aims to address the airline’s financial challenges and follows enhanced surveillance by the aviation watchdog due to operational deficiencies. The agreement includes issuing shares and transferring debentures to Carlyle.
Tech view: Nifty breaks 25,500 resistance, forms long bull candle. How to trade on Monday
Nifty’s short-term trend is strongly bullish after Friday’s significant surge. A brief consolidation or pause is possible before further upward movement. The next upside target,