Discover and read the best of Twitter Threads about #Spicejet

Most recents (6)

#SpiceJet which has been suffering serious cash flow issues since 2016, has always miraculously managed to find emergency cash each time.

UK based entity comes to the rescue - but who is this UK based group?
#SpiceJet bailout is by a shady UK based group that @EconomicTimes doesn't want to name!

But we can - #PanamaPapers tainted serial fraudster #SaileshLachuHiranandani!

While he has been informally passing on Hawala money for a long time, this would be first legal investment! Image
A convicted fraud in various countries across the world, #SaileshLachuHiranandani is currently resident in London from where he runs his Empire of Fraud!

He is close to the ruling party in India and perhaps that is what bought him in touch with #AjaySingh of #SpiceJet! Image
Read 5 tweets
#SupremeCourtOfIndia hears dispute between #spicejet and its former promoter, Kalanithi Maran.
Senior Advocate Mukul Rohatgi appears for Maran.
#SupremeCourtOfIndia
SC: What is payable to you exactly?
Sr Adv Rohatgi: I have paid 308 crores in cash...
#spicejet
#SupremeCourtOfIndia
Read 12 tweets
DGCA issues show-cause notice to SpiceJet w.r.t degradation of safety margins

@awnusharma
.@DGCAIndia says, poor internal safety oversight & inadequate maintenance action by @flyspicejet has led to degradation of safety margins
Passenger safety is paramount. Even the smallest error hindering safety will be thoroughly investigated & course-corrected, says Aviation Minister, Jyotiraditya Scindia (@JM_Scindia)

Read 4 tweets
Identifying breakouts.
Volatility Contraption Method.
Upside breakout candle of 4th June has a strong volume which confirms the breakout.
Today it is stuck at 10% upper circuit.
#SpiceJet Let us see how it unfolds now. Should fill the gap at 60

#educational
Trade 2
#IDBI
Didnt give an entry price. If anyone bought at 20-25 with a stop loss of 2-5 Rs. was purely scrapping bottom. Rewarded highest with 80% upside (4th continuous upper circuit)
Purely one of the best examples of Risk Reward ratio
#educational #PriceAction
Trade 3
#Rainindustries
Classical drop in volatility in every swing low (cup). I think we are in the handle stage now and it should breakout 78-83 region. Another rocket about to launch ?
125 should be easily possible in two weeks time then
Read 4 tweets
1/25

Covid-19 has created a proverbial 'perfect storm'. While we are fighting an unprecedented medical crisis, the after-effects of this pandemic will have far-reaching implications.

A #thread on a commonly heard legal term - #ForceMajeure and its' business ramifications
👇
2/25

First, here is why I think this topic is relevant. Google trends for the search term “Force Majeure” shows an exponential rise, the highest in last 16 years. A comparison with the search term “recession” shows little to no correlation with 2008-09 crisis.

Let’s see why.
3/25

Have divided the thread in three parts:
a) Concept & genesis (4-6) – One may skip to b) if aware/ not keen
b) Facts & current developments across industries (7-17)
c) Inference & future implications (18-25)

Note: Not an expert on legal matters and sharing basis my reading
Read 28 tweets
#CoronavirusOutbreak | WHO Director-General Tedros Adhanom Ghebreyesus said that a nationwide shurdown, which is being implemented by India to curb #COVID19, will not be enough to fight the outbreak. | Follow LIVE updates here: bit.ly/2UhuEs7
#CoronavirusOutbreak | A three-year-old Indian girl was among the 73 new #COVID19 cases that have been reported in #Singapore in a day, taking the tally to over 600. | Follow LIVE updates here: bit.ly/2UhuEs7
#CoronavirusOutbreak | Three persons, all with travel history abroad, tested positive for the novel in #Goa, health department officials said, as the tourist haven joined the states which have reported #COVID19 cases. | Follow LIVE updates here: bit.ly/2UhuEs7
Read 32 tweets

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