Aviat Financial News

Praj Industries shares jumped 8% to Rs 400 in Friday's trade on BSE after the firm signed a term sheet with Indian Oil Corporation (IOCL) to strengthen biofuels production capacities in India. Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others, the company said in an exchange filing. Earlier in October 2021, both companies had entered into an agreement to form a 50:50 Joint Venture to this end.

«I think you very rightly pointed out that even in the auto space, if we dissect between what the affluent class would buy and what the non-affluent class would buy, the trend is pretty clear that the stocks which are operating more in the non-affluent class, the two-wheeler stocks, they keep struggling,» says Digant Haria, GreenEdge Wealth. Cannot take my eyes away from the Senco subscription was it a subscribe for you or would it be when it lists, would it be a buy then? See this whole rich man’s consumption basket, we have been just talking about it say last one and a half years and this is the basket which keeps on doing well. So the jewellers, the real estate companies, the fashion retailers all of them continue to report good numbers.

Interglobe Aviation Ltd, Which Operates Budget Car... moreInterglobe Aviation Ltd, Which Operates Budget Carrier Indigo, Has Become India's Leading Airline To Cross ₹1 Trillion In Market Capitalization (Mcap) On June 28.

The resolution professional of Go First is set to challenge a Delhi High Court order that restricts the airline from removing parts from planes, said people with knowledge of the matter. The order will make revival of the airline difficult, they said. Separately, the Go First resolution professional Thursday pleaded before the National Company Law Tribunal (NCLT) not to extend the Delhi High Court order allowing eight lessors to inspect planes and carry out maintenance of the airline's aircraft.

We often come across different ratings given to company stocks by various investment banks and agencies. It's only natural that there are usually disagreements and varying viewpoints. For instance, a given company might receive 8 buy ratings, 2 hold ratings, and 2 sell ratings.

PTI citing the grounded airline's resolution professional. Go First stopped flying on 3 May and is undergoing an insolvency resolution process and aviation regulator DGCA is doing a special audit of the airline. On 6 July, senior advocate Ramji Srinivasan appearing for the resolution professional of Go First told the NCLT that the airline will challenge the high court order.

New Delhi: The National Company law Tribunal (NCLT) heard pleas by engine and aircraft lessors of Go First, who are seeking an interim relief from court to inspect planes and engines and deferred the matter till August 4. During the hearing, senior advocate Arun Kathpalia, who appeared on behalf of one of the lessors, argued that the Delhi HC order to grant access to lessors to their 30 parked aircraft is binding on the tribunal and on the Indian civil aviation regulator DGCA.

National Security Advisor Ajit Doval on Thursday held wide-ranging talks with French President's diplomatic advisor Emmanuel Bonne with a focus on Prime Minister Narendra Modi visit to Paris next week. Modi will attend this year's Bastille Day Parade as the guest of honour in Paris on July 14. Bonne also called on Modi and briefed him on the progress in various areas of bilateral cooperation.

₹88.12 crore, up 53 per cent year-on-year (YoY) versus ₹57.65 crore in Q4 FY22. Income from operations for the quarter under review stood at ₹1,003.98 crore, up 21 per cent YoY against ₹830.96 crore in Q4 FY22.

Delhi High Court on Wednesday directed the Directorate General of Civil Aviation (DGCA) and others to allow the aircraft lessors of cash-strapped Go First to access, inspect and carry out maintenance of its leased aircraft at least twice a month, saying the «valuable» and «sophisticated» aircraft need regular maintenance. Justice Tara Vitasta Ganju, in an interim order, asked the DGCA and the airports, where the aircraft are parked, to allow access in three days.

₹10,800 crore. On 10 May, the NCLT Delhi admitted the plea and declared a moratorium for the company. The suspended board of directors were directed to cooperate with the Insolvency Resolution Professional (IRP) to avoid layoffs.

Delhi High Court has refused to interfere with the Centre's decision reducing allowances of Air India pilots on account of the COVID-19 pandemic in 2020, saying the pilots, who were taking home lakhs of rupees in spite of the cut when many others in the country had lost their livelihood, cannot claim victimisation. A division bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad took judicial notice of the complete lockdown in 2020, when all aviation operations were suspended, as well as the fact that pilots across various airlines lost their jobs but Air India ensured there were no lay-offs.

airport authorities to allow the lessors or their representatives to carry out inspection of their planes within three days from today. The petitioners shall be permitted to carry out inspection and all the interim maintenance tasks of the aircrafts, it's engines of all 30 aircrafts at least twice a month, until final disposal of the writ petitions, the court said while pronouncing the judgment The judge also restrained all the directors of Go Air, it's employees, it's representatives or the resolution professional or their representatives as appointed by the NCLT from moving, removing or replacing any part of the aircrafts.

New Delhi: Indian aviation regulator Directorate General of Civil Aviation has signed a memorandum of understanding with the European aviation regulator European Union Aviation Safety Agency (EASA) for cooperation in unmanned aircraft systems and innovative air mobility. This MoU will focus on collaboration on unmanned aircraft and innovative air mobility between the two civil aviation authorities, the regulator said.

A passenger travelling via Air India flight from Delhi to Bengaluru was detained at the Delhi's Indira Gandhi International Airport for carrying 19 live cartridges without proper documentation.  The passenger identified as Ajay Kumar Bana was detained at the time of boarding and a case against him has been registered under section 25 of the Arms Act at the IGI Airport Police Station, news agency ANI reported.  Recently, an Air India passenger onboard the Mumbai-Delhi Air India Flight AIC 866 was also arrested for allegedly defecating and urinating onboard the aeroplane. The passenger was identified as Ram Singh who worked as a cook in Africa.  As per the FIR filed at the Indira Gandhi International (IGI) Airport, the passenger allegedly defecated, urinated and spat in row 9 DEF of the aircraft.

The televised images of the plane crash sowed the small aircraft upside down in a business parking lot, reported AP. One passenger died at the spot about 85 miles, equal to 135 kilometres southeast of downtown Los Angeles, reported AP citing Riverside County Fire Department.

IndiGo, India's largest airline, has made history ... moreIndiGo, India's largest airline, has made history with a record-breaking order of 500 planes, following Air India's recent deal for 470 aircraft.

1) Company OverviewDrone Destination is a DGCA-authorized Remote Pilot Training Organisation (RPTO) offering certified training programs. The company has three training bases of its own at Gurugram, Chandigarh, and Phulpur.2) Industry OverviewThe government is actively promoting the growth of this industry by introducing policies and initiatives to encourage innovation and entrepreneurship in this field.

Supreme Court judgement regarding a company owned by the West Bengal government. The Directorate General of Goods and Services Tax Intelligence (DGGI) sent notices to at least 17 such companies in the last 45 days alone with total tax demands of over ₹1,200 crore, said people close to the development. Officials said the amount could go up further as more notices will be sent.

Mint exclusively reported on 29 June that the civil aviation regulator will conduct an audit of the airline next week to assess its preparations for the launch. Go First has sought approval for restarting operations. A team of officials from the Directorate General of Civil Aviation (DGCA) started the special audit of the facilities of Go First in Mumbai on Tuesday, according to an airline executive.

NEW DELHI : The Delhi bench of National Company Law Tribunal (NCLT) on Tuesday adjourned the ongoing case involving aircraft engine lessor Willis Lease Finance Corporation’s petition to initiate the corporate insolvency resolution process against SpiceJet. The matter is now scheduled to be taken up by the tribunal on July 21. While doing so a bench led by Justice Mahendra Khandelwal questioned the maintainability of the petition since a similar petition was already filed by the lessor in May this year.