SpiceJet shares zoom 9% on proposed revival plan

Last Updated: Friday, December 26, 2014, 18:47

Shares of SpiceJet surged 9 percent on Friday following reports that the budget carrier would submit a revival plan to the government on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase.

SpiceJet submits revival plan to govt

Last Updated: Friday, December 26, 2014, 17:51

Troubled budget carrier SpiceJet on Friday submitted a revival plan to the government on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase.

SpiceJet to submit revival plan to government on Friday

Last Updated: Thursday, December 25, 2014, 16:55

The potential investors are likely to buy stake from current promoter Kalanithi Maran by infusing USD 200 million within a month to help the airline stay afloat.

JPMorgan fund in talks on taking $200 mn stake in SpiceJet: Report

Last Updated: Thursday, December 25, 2014, 13:56

Ajay Singh, who helped set up the low-cost airline in 2005, is leading a rescue plan for SpiceJet and has met with aviation ministry officials to discuss a revival plan.

JPMorgan data breach entry point identified: Report

Last Updated: Tuesday, December 23, 2014, 08:47

A computer breach at JPMorgan Chase & Co earlier this year could have been avoided if the bank had installed a simple security fix to an overlooked server in its network, the New York Times reported, citing people briefed on investigations.

Fed targets JPMorgan as it favors traditional banks

Last Updated: Thursday, December 11, 2014, 11:31

In publicly declaring that JPMorgan Chase should raise $22 billion, the Federal Reserve has delivered a hard blow to the largest US bank and shown its preference for traditional banks.

JPMorgan's Dimon says cancer treatment successful

Last Updated: Friday, December 5, 2014, 21:38

JPMorgan Chase chief executive Jamie Dimon told bank employees Friday that his throat cancer has disappeared after three months of treatment.

JPMorgan continues run as top ranked investment bank

Last Updated: Friday, December 5, 2014, 09:18

JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date.

Man dies falling from JP Morgan`s London HQ

Last Updated: Tuesday, January 28, 2014, 20:13

A 39-year-old man fell to his death today from the London skyscraper housing investment bank JP Morgan`s European headquarters, British police said.

J P Morgan to give CEO Dimon $20 mn compensation for 2013

Last Updated: Saturday, January 25, 2014, 15:28

In a regulatory filing, the bank said its Board of Directors has approved the 2013 incentive compensation for Dimon in the amount of USD 18.5 million.

JPMorgan directors raise Dimon's pay after prior cut

Last Updated: Saturday, January 25, 2014, 02:53

Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co , got a 74 percent pay increase for 2013, when $20 billion of legal settlements weighed on the bank`s income.

JPMorgan, Citigroup picked for Axis Bank stake sale: Sources

Last Updated: Tuesday, January 21, 2014, 16:08

India has chosen JPMorgan Chase & Co, Citigroup Inc and JM Financial Ltd to help sell half of the government`s stake in Axis Bank Ltd valued at USD 925 million, said three people involved in the process.