Li Keqiang's India Visit
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Accumulated losses at Spicejet eroded entire net worth - auditor
NEW DELHI |
NEW DELHI (Reuters) - Accumulated losses at SpiceJet (SPJT.BO) have fully eroded the net worth of the company as at September 30, its auditors said on Monday, after the second biggest budget carrier in India posted a quarterly net loss.
The company's ability to operate on a "going concern" basis is "significantly" dependent on establishing continued profitable operations and raising cash to meet short- and long-term obligations, the auditors said in a review report to the company.
(Reporting by Anurag Kotoky; Editing by Anupama Dwivedi)
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