MARAN TIPPED FOR SPICEJET CHAIR

Kalanithi Maran tipped for chair of SpiceJet following his acquisition of majority shares in the low-cost carrier. The appointment is expected to be confirmed later today. Maran, a Chennai-based industrialist and SunTV chief, acquired a 37.7% stake in SpiceJet in June from American investor Wilbur Ross. He has already appointed Neil Mills as CEO of the airline and is expected to induct some of his employees from SunTV into the board. The Civil Aviation Ministry has already approved the induction of Kavery Kalanithi Maran, M K Harinarayanan, J Ravindran, S Sridharan and Nicholas Martin Paul into the company board.