Aviat Financial News

Few industries do well when their products keep breaking down. Jet-engine makers are currently an exception—and this is raising eyebrows. Shares in RTX Corporation hit a record high last week after the aerospace conglomerate significantly beat second-quarter earnings forecasts.

InterGlobe Aviation Ltd. traded 1.85 per cent down at Rs 4407.75 at 01:55PM (IST) on Monday, even as BSE benchmark Sensex gained 31.92 points to 81364.64. The stock had closed at Rs 4491.25 in the previous session. The stock quoted a 52-week high price of Rs 4610.0 and 52-week low of Rs 2334.95, respectively. As per BSE data, total traded volume on the counter till 01:55PM (IST) stood at 16378 shares with a turnover of Rs 7.18 crore.

ICICI Bank, Adani Wilmar, ACC, Dr Reddy's, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACC Shares of Adani Total Gas, HPCL, Adani Wilmar and ACC will be in focus as the companies will announce their first quarter results today.

SpaceX and NASA said on Friday they plan to launch the space agency's Crew-9 mission to the International Space Station (ISS) no earlier than Aug. 18.

Revenue from operations during the reporting period surged 17% year-on-year (YoY) to Rs 19,571 crore.

InterGlobe Aviation Ltd. traded at Rs 4498.85 on BSE at 12:43PM (IST) on Friday, up 1.54 per cent. The stock quoted a 52-week low price of Rs 2334.95 and a high of Rs 4610.0. Earlier in the day, the stock saw a gap up opening.

Sugar industry body ISMA on Thursday said it has presented a plan to the government to transform sugar mills into bio-refineries, aiming to boost production of sustainable aviation fuel and other green energy sources. The representatives of the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) met with Food Minister Pralhad Joshi to discuss a policy framework for the transition, which would expand beyond current ethanol, bioelectricity, and biogas production, a statement said.

Germany’s busiest airport canceled more than 100 flights as environmental activists launched a coordinated effort to disrupt air travel across Europe at the height of the summer holiday season to highlight the threat posed by climate change

Aviation Minister Ram Mohan Naidu Kinjarapu on Thursday promised to conduct an inquiry into allegations of abrupt fare hike when MPs try to book tickets on Air Vistara airline, following complaints by MPs and a nudge by Lok Sabha Speaker Om Birla. Raising the issue during Question Hour in Lok Sabha through a supplementary question, DMK member Dayanidhi Maran alleged that whenever he tries to book ticket on Air Vistara for the Chennai-Delhi route, initially it shows a price in the range of around Rs 25,000.

A plane has crashed just after taking off from Nepal’s capital, killing 18 people and injuring a pilot who was the lone survivor

A Nepali passenger plane taking off from capital Kathmandu crashed and caught on fire Wednesday, killing nearly everyone on board, officials said. (Credit: Reuters)

space sector has immense economic potential, likely to be worth Rs 35,200 crore, about 8% of the global share by 2033. On 23 July, the Finance Minister announced the creation of a dedicated “space fund” worth Rs 1,000 crore, aiming to boost India’s space economy, attract investment and in the global space industry. According to Mr. Pawan Goenka, IN-SPACe Chairman, the fund is expected to be a professionally managed entity that supports space businesses. India has showcased on the global stage its ability to innovate on a frugal budget, fulfilling the Chandrayaan-3 mission at a cost that was merely 3% of the Russian moon missions. This Budget proposal signals the Government’s intent to give a fillip to the Indian space sector by providing financial support, mentorship and guidance to emerging space startups. The establishment of the space fund marks the next step in a successful PPP collaboration aimed at advancing the technology essential for India's success in this field.

CrowdStrike software update that crashed computers globally last week hitting services from aviation to banking and healthcare was caused by a bug in the U.S. cybersecurity firm's quality control mechanism, the company said on Wednesday.

What do you do when you travel in a chauffeur-driven Bentley but want to be known as the green king

Southwest Airlines is under increased scrutiny by federal safety officials

SWITCH TO EMISSION TARGETS: Plan for Hard-to-abate Industries The budget has proposed a road map for moving the hard-to-abate industries such as steel and cement from energy efficiency targets to emission targets. Regulations for transition of these industries from the perform, achieve, and trade mode to Indian carbon markets will be put in place. It is essential to meet net zero goals, said Shashank Sharma, chairman of Sunsure Energy. The units will also get financial support for making the cleaner switch.

Nirmala Sitharaman announced incentives to boost maintenance, repair and overhaul activities in aviation and shipping sectors during the budget speech on Tuesday. India is one of the fastest growing domestic aviation markets in the world.

InterGlobe Aviation Ltd. fell 0.78 per cent to Rs 4301.6 in Tuesday's trade as of 12:12PM (IST) even as the benchmark Nifty ruled at 24466.65, down 42.6 points. The scrip had closed at Rs 4335.8 in the previous session. The stock quoted a 52-week low of Rs 2334.95 and a high of Rs 4610.0. The company quoted a market-cap of Rs 166139.17 crore on the BSE.

Federal officials are investigating an incident in which a Southwest Airlines jet flew as low as 150 feet over water while it was still about 5 miles from its intended landing spot in Tampa, Florida

European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world’s biggest aviation trade fairs

Domestic airlines cancelled 7,030 scheduled flights this year till May 31, according to the civil aviation ministry. The carriers are to operate 4,56,919 scheduled departures in 2024, as per the data submitted by the ministry to the Rajya Sabha on Monday.