SpiceJet's Market Share Drops to 2.3%

16 Sep 2024 CW Team

In August 2024, SpiceJet’s market share in India’s aviation sector plummeted to a mere 2.3%, marking a significant decline from previous figures. This sharp decrease highlights ongoing challenges for the airline amid a competitive landscape and operational difficulties.

The reduction in market share comes against a backdrop of turbulent times for SpiceJet. The airline has been grappling with financial instability, operational disruptions, and regulatory scrutiny. These issues have likely contributed to its reduced presence in the market, impacting its ability to compete effectively with other major carriers.

The drop in market share also reflects broader industry trends and shifting passenger preferences. With increased competition from other airlines and changes in travel patterns, SpiceJet has struggled to maintain its position in a dynamic and evolving market.

Efforts to address these challenges are underway, with the airline focusing on restructuring its operations and improving service quality. However, regaining market share will require significant strategic adjustments and operational improvements.

As the airline navigates these difficulties, stakeholders will be closely watching its recovery efforts and market strategies to assess its ability to rebound and regain a stronger foothold in the Indian aviation sector.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..