Wadia Group-owned Go First Airways' (Go First) insolvency plea could trigger a 'momentum rally' in shares of rival airlines, Interglobe Aviation (parent company of IndiGo) and SpiceJet, as they look to gain bankrupt airline's market share, said analysts. On the bourses, shares of InterGlobe Aviation hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE in Wednesday's intra-day trade, before settling 4.5 per cent higher at Rs 2,164 apiece. Those of SpiceJet and Jet Airways, meanwhile, rallied up to 6 per cent in the intra-day trade, and ended 1 per cent and 5 per cent higher, respectively, following the development, which was announced post market hours on Tuesday.
India has not yet condemned the Russian invasion of Ukraine and it has been maintaining that the crisis must be resolved through diplomacy and dialogue.
In the letter, Somani said the samples of four made-in-India cough syrups linked to the deaths of 66 children in Gambia which were tested in government laboratory here were found to be complying with specifications and not to have been contaminated with DEG or EG according to the test reports.
Dr Smita Naram, co-founder of Ayushakti, explains how fruits like apples, guavas and cherries can help manage blood sugar levels.
Globally, industries need to sit together and look at the demand for professionals that is expected to emerge from different countries.
The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
'I've got good luck from millions from my country and will carry it wherever I go, like I always do.'
Falguni and Shane Peacock's Love Forever collection took inspiration from French heritage and design.
'Back in India, I am the dictator. No one tells me how to make a film.'
People move on, get attached to other people, ending a close bond. But we rarely see that on screen, observes Aseem Chhabra.
Bollywood is making beautiful pictures in different parts of the world.
Sini Shetty beat 30 contestants to win the title.
The stars love to regale their social media followers with fabulous pictures of their travels!
Many of us in India have watched Sound Of Music many times and loved its story and music, so it is wonderful to see its star Julie Andrews honoured at the American Film Institute with its Life Achievement Award.
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
The "OneLove" armbands FIFA banned at the World Cup in Qatar are suddenly selling like hotcakes.
Byju's has rolled back the decision to relocate 140 employees at one of its offices in Kerala after founder Byju Raveendran's meeting with Chief Minister P Vijayan and announced plans to hire 600 people in the state. The edtech major gave an option to all its 140 staff working at TVM product development centre in Thiruvananthapuram to relocate to Bengaluru as it was planning to shut down the Thiruvananthapuram office as part of its cost optimisation strategy. All these employees were also offered an assured path to return to Byju's in case they are unable to find a job in the next 12 months.
India got a special seat at the 95th Oscars luncheon table, as our film folk mingled with Hollywood's biggest stars.
Trading in the domestic equity market this week will be influenced by quarterly results from TCS and Infosys, besides inflation and industrial production data as well as global trends, analysts said. Movement of the rupee, which has slumped to record lows against the US dollar, will also be tracked by investors, they added. "This week, participants will be eyeing important macroeconomic data viz IIP, CPI and WPI... Besides, the week also marks the beginning of the earnings season with IT majors like TCS, Infosys, HCL Tech and Wipro announcing their numbers along with two other heavyweights Bajaj Auto and HDFC Bank," said Ajit Mishra, VP - Research, Religare Broking Ltd. Performance of the US markets, FIIs' trend, and movement in currency and crude will also remain on their radar, Mishra added.
"Wishing you a very Happy Birthday @JayShah," Kohli tweeted.
The stars love to regale their social media followers with fabulous pictures of their travels!
'Deaths, sick and injured people in the affected areas and worried fellow citizens elsewhere in Turkiye, it's a living nightmare for us'
The actor, who celebrates his fourth wedding anniversary on November 14, has been collecting accolades from across the globe and at home over the weekend!
IPO-bound hospitality major OYO has written to the Ministry of Tourism (MoT) requesting it to intervene and investigate the running of the Federation of Hotel and Restaurant Associations of India (FHRAI) and order eviction of erring executive committee members. The hotel aggregator urged the MoT to take necessary action against FHRAI's "illegally run" Executive Committee and its members who are working for self-interest instead of that of small hotel owners. The representation by OYO alleged that FHRAI's actions are detrimental to small hotel owners.
The combined market-cap of all listed Adani group firms has plunged nearly Rs 7.11 trillion since January 24 when the Hindenburg report was made public.
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
Alia Bhatt is at No 4, Allu Arjun is at No 10...
InterGlobe Aviation, the parent of the country's largest airline IndiGo, will convene a shareholders' meeting on December 30 to amend the company's Articles of Association (AoA) following a joint request from its promoters. The promoters -- Rahul Bhatia and Rakesh Gangwal -- together with their related entities and individuals own 77.4 per cent stake in InterGlobe Aviation. In a regulatory filing on Monday, the company said it will convene an Extraordinary General Meeting (EGM) on December 30 to amend the AoA to remove restrictions on transfer of shares by the promoters.
A globe spanning, 15-year investigation has led to the repatriation of 307 antiquities by the United States that were stolen and trafficked from India and valued at nearly four million dollars, the majority seized from disgraced art dealer Subhash Kapoor.
Pakistan is playing a big part in the soccer World Cup by making the balls
Mane damaged his right fibula playing for Bayern Munich and his absence was confirmed on Thursday in a crushing blow to Senegal's hopes
Despite the recent turmoil in the Indian markets after a scathing report on the Adani group from Hindenburg Research, American private equity major Blackstone is "bullish" on the India growth story and plans to invest more in the country's infrastructure and real estate projects. "We have a long-term view on India, as growth will be higher here. We have invested half of our Asia exposure in India. "Our extraordinary performance in India has made us bullish," said Jonathan Gray, president and chief operating officer of Blackstone.
'And Joshimath has already shown the dangers ahead.' 'We have to acknowledge that our mountains are still young babies.' 'You don't put an extra load on the back of a growing child!'
Gitanjali Gurbaxani remembers her teacher Lalita Lajmi, the artist and painter who passed into the ages on Monday.
Simon Katich has been named the head coach of their Cape Town franchise in the new T20 league in South Africa.
The minister also made it clear that "all platforms that do business in India and/or want to continue to do business in India, must use correct maps".
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
The G20 foreign ministers' meeting on Thursday was unable to come out with a joint communique due to sharp differences over the Ukraine conflict despite persistent efforts by host India to build consensus.
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