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Crisis-hit SpiceJet, which has recently raised Rs 3,000 crore, on Friday said it has cleared all pending salary and GST dues as well as deposited ten months' dues of provident fund.
On September 23, the airline announced raising Rs 3,000 crore through  Qualified Institutional Placement (QIP) of shares.
An airline spokesperson said that within the first week of raising fresh funds, it has cleared all pending salary and GST dues and has made significant progress by depositing ten months' dues of PF.
The process of clearing other outstanding dues is ongoing, he said in a statement.
Among other efforts, the airline has reached settlement with various aircraft lessors.
SpiceJet has been facing multiple headwinds, including financial problems and legal woes. It is also operating with a reduced fleet.
On Friday, shares of SpiceJet fell 4.25 per cent to close at Rs 62.79 apiece on BSE.

On September 23, the airline announced raising Rs 3,000 crore through Qualified Institutional Placement (QIP) of shares

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The Supreme Court has dismissed a batch of pleas seeking review of its judgment which held that states are constitutionally empowered to make sub-classifications within the Scheduled Castes for granting reservation.
A seven-judge Constitution bench comprising Chief Justice D Y Chandrachud and Justices B R Gavai, Vikram Nath, Bela Trivedi, Pankaj Mithal, Manoj Misra and Satish Chandra Sharma said there is no error apparent on the face of the record.
The top court also rejected applications for listing the review petitions in open court.
Justice Trivedi, who had written a separate dissenting judgment in the case, was also part of seven-judge bench which dismissed the pleas seeking review of the majority verdict.
"Having perused the review petitions, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013 has been established. The review petitions are, therefore, dismissed," the order dated September 24, which w

Justice Trivedi, who had written a separate dissenting judgment in the case, was also part of seven-judge bench which dismissed the pleas seeking review of the majority verdict

Scammers are registering over 1,000 phishing domains every day and creating deepfake videos of prominent Indian personalities such as Mukesh Ambani, Virat Kohli, etc to promote dubious gamings apps, cyber security firm CloudSEK said on Friday.
The deepfake videos use manipulated footage of famous news anchors to create fake news videos of prominent personalities to endorse dubious apps, the CloudSEK report said.
"Scammers are not only using deepfake videos to lure people to download the dubious app but have also created a fake Play Store to appear genuine. Research shows over 1000 phishing domains are being created every day to cheat netizens of over seven countries," the report said.
The cyber security firm said that by leveraging its deepfake detection technology research team has identified a series of deceptive campaigns targeting users in India, Pakistan, Nigeria, Saudi Arabia, and beyond for promoting a fake gaming app.
"Prominent figures such as Mukesh Ambani, Virat Kohli, .

The deepfake videos use manipulated footage of famous news anchors to create fake news videos of prominent personalities to endorse dubious apps, the CloudSEK report said

The finance ministry will commence from October 10 its pre-Budget meetings with review of six ministries and departments, including new & renewable energy and skill development & entrepreneurship.
The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year.
On the last day, Ministry of Railway and Department of Health and Family Welfare will be discussed.
The Union Budget 2025-26 is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," the Budget circular 2025-26 issued by Department of Economic Affairs said.
It will be the second ...

The meetings, which will continue through November 11, are being held to firm up budgetary allocations for 2025-26 and finalise the revised estimates for the current fiscal year

The finance ministry will commence the exercise to prepare the annual budget for 2025-26 from the second week of next month in the backdrop of the Indian economy recording 7 per cent growth rate for the fourth consecutive year.
The budget for the next financial year would focus on reforms to be pushed to further accelerate growth momentum and measures to generate jobs and boost demand in the economy.
"Pre-budget meetings chaired by Secretary (Expenditure) shall commence in the second week of October 2024. Financial Advisers shall ensure that necessary details...are properly entered in UBIS (Union Budget Information System) before/latest by October 7, 2024," Budget circular 2025-26 issued by the Department of Economic Affairs said.
Hard copies of the data in the specified formats should be submitted for cross-verification, it said.
It will be the second budget of the Modi 3.0 government and 8th straight Budget for Finance Minister Nirmala Sitharaman, a rare distinction in Indian ...

Pre-budget meeting shall commence from second week of October, 2024 and shall continue till around mid-November, 2024, it said

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How entrepreneurs can become great leaders

A seasoned tech entrepreneur gives tips on the values and characteristics one should have to make a successful business leader.

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