Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these counters only on a decline given the recent rally and economic headwinds.
IndiGo Airlines, a new domestic airline and a subsidiary of InterGlobe Entreprises, will start operations from August 4 with a daily flight from Delhi to Guwahati and Imphal.
Our business is very targeted. It's just domestic India, low fares, be on time, hassle free, no long lines, no fuss.
A likely turnaround in profitability margins in the March quarter (Q4FY23) will not be enough to lift the outlook for paint stocks due to volatile crude oil prices and rising competition in the sector, analysts say. Hence, they advise investors to avoid the sector over the short-to-medium term despite the heavy correction in the stocks since last year. Shares of Asian Paints, Berger Paints, Indigo Paints, Nerolac and Pidilite have shed 6-32 per cent over the last 6 months versus a 3 per cent rise in the benchmark Sensex.
Tata Group, which will now include Air India, Vistara, and Air Asia, has the highest market share of departures on the top 10 routes in the country. According to the data from Caladrius Aero Consulting, which tracked the departure data for eight airlines in August and September, Tata Group is ahead on all the top 10 routes ranked in accordance with the number of departures in August-September 2021. On the top 100 routes in terms of departures, Tata Group is ahead of its chief rival IndiGo on 30 of them.
A Hyderabad-bound Indigo flight received a bomb threat at the Indira Gandhi International airport on Sunday night, forcing authorities to ground the aircraft and evacuate the passengers.
Largest low-cost airline posted an 18 per cent growth in net profits.
The police said the woman works as a pilot with a private airline while her husband is deployed with the ground staff in another private airline.
Indigo Lever Shared Services, the BPO arm of the Unilever Group of companies, has acquired 26,000 square feet in First Technology Place, a technology park at Whitefield, Bangalore.
Increasing cases of aviators in India complaining of fatigue and in some cases leading to death have spurred the DGCA to bring in draft rules to reduce stress.
Or has the world seen things like this before, asks Ajit Balakrishnan.
Air India launched a short-term 'Monsoon Bonanza' scheme under which tickets on 40 select domestic sectors can be bought till Saturday for travel till September 30.
Low-cost carrier, IndiGo, has signed a $16-billion deal with Airbus to acquire 180 single-aisle aircraft. The firming-up of the order for 150 A320neo and 30 A320 planes follows the memorandum of understanding the carrier had signed with the European aircraft manufacturer in January.
'These are people whom very few give importance and they were doing a mammoth job for the nation.'
Arpita Biswas, an IIT-B student, who was present when Dr Palash Sen made those sexist remarks at the Mood Indigo fest demands the singer and the organisers must offer a public apology to women.
The proposal to issue new rules has come just six days after the DGCA said it has imposed a fine of Rs 5 lakh on IndiGo airline for denying boarding to a specially abled child at Ranchi airport on May 7.
Unprecedented scenes were witnessed as Congress leaders sat on a dharna near the aircraft at the tarmac and raised slogans such as 'Jab jab Modi darta hai, police ke peeche chupta hai' and 'Tanashahi nahi chalegi'.
There has been a sharp recovery in the headline corporate earnings in the April-June 2023 quarter (Q1FY24), after a dismal showing by early bird companies. The combined net profit of the 983 listed companies that have declared their quarterly results, so far, was up 64.7 per cent year-on-year to record a high of Rs 2.68 trillion in the first quarter, but growth in earnings remained lopsided because most of the incremental gains came from a handful of companies. Moreover, the quarterly numbers showed a continued slowdown in revenue growth.
Around 1.12 crore domestic passengers travelled by air in December, approximately 6.7 per cent higher than the 1.05 crore who travelled in November, the country's aviation regulator said on Wednesday. Overall, 8.38 crore people travelled on domestic flights in 2021 as compared to 6.3 crore in 2020, showing a jump of 33 per cent, the Directorate General of Civil Aviation (DGCA) stated in its monthly statement. IndiGo -- India's largest carrier -- carried 61.41 lakh passengers in December, a 54.8 per cent share of the domestic market, it mentioned.
'The funds were arranged from multiple banks at a very competitive rate and converted into dollars at the best rates.'
CCI's ruling came on a complaint filed by Express Industry Council of India.
InterGlobe's IPO is India's biggest since the listing of around $750 million by Bharti Infratel Ltd in December 2012.
As many as 31 evacuation flights will be operated to neighbouring countries of crisis-hit Ukraine and will bring back more than 6,300 Indians stranded in the eastern European nation, according to official sources.
External Affairs Minister S Jaishankar took to Twitter to share images of the evacuees after their arrival at the Indira Gandhi International Airport in New Delhi.
The airline is currently conducting the exercise to have 30-50 pilots and 50 cabin crew on board in the next few days. It became the third largest carrier by flying 4,41,000 passengers in November with a market share of 14.7 per cent.
Air India has finalised an order for around 250 aircraft with Airbus and the deal is expected to be announced next week, a source said on Thursday. The source in the know also said the airline has signed a deal with Boeing for about 200 planes. Specific details could not be immediately ascertained and there was no immediate comments from Air India about the deals.
Around 200 pilots of Go First, the cash-strapped airline that suspended operations on May 2, have joined Air India. As many as 75 of them started training with the Tata-owned airline on Monday. As Go First tries to salvage its operations, it has announced additional pay or retention allowance of Rs 100,000 and Rs 50,000 for captains and first officers, respectively, with effect from June 1.
AirAsia's Rs 5 basic fare offer has triggered competition and criticism from rivals, with market leader IndiGo launching a Rs 1 basic fare on AirAsia's inaugural routes and SpiceJet Chief Operating Officer Sanjiv Kapoor questioning the silence of the Directorate General of Civil Aviation (DGCA) on the price war.
Indigo Marina, which will be launched on Wednesday, is the fifth model developed in-house by the company
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