Cyber Media to get Rs 30 cr from TDA sale

Cash-strapped Cyber Media India Ltd. said its sale of US unit TDA group will generate funds of $4.58 mln (30.43 crores). The deal for the sale of its wholly owned subsidiary TDA Group was announced yesterday. The company added that the subsidiary accounted nearly half...

UFO Moviez reports 23% jump in Q1 revenue

UFO Moviez India Limited, India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens, said its Q1 revenue rose by 23.3% to Rs.1,306 million in Q1FY16. PBT for the quarter stood at ₹183 million, up 43.8% compared to Rs.127...

SpiceJet says no refunds ordered by DGCA

SpiceJet has denied media reports that the Director General of Civil Aviation asked the company to refund the amounts for bookings made beyond 30 days from now. Several media, including the Times of India, reported that the company has been told to refund the bookings...