Aviat Financial News

Boeing had another weak month for aircraft sales in May, taking orders for just four new planes

NEW DELHI:Six-time member of Parliament Jyotiraditya M. Scindia is not new to the telecom ministry.

Top Gainers: NBCC India (up 9.55%), HFCL (up 9.41%), IRCON International (up 8.11%), Jindal Worldwide (up 7.52%), and Home First Finance Company India (up 7.25%)Top Losers: PNC Infratech (down 8.22%), IRB Infrastructure Developers (down 5.72%), Interglobe Aviation (down 4.26%), Narayana Hrudayalaya (down 3.60%), and Avanti Feeds (down 3.53%)Top Gainers: NBCC India (up 9.53%), HFCL (up 9.35%), Railtel Corporation Of India (up 9.13%), Triveni Engineering & Indus (up 8.55%), and IRCON International (up 8.03%)Top Losers: PNC Infratech (down 8.19%), IRB Infrastructure Developers (down 5.76%), Honasa Consumer (down 4.88%), Interglobe Aviation (down 4.32%), and Narayana Hrudayalaya (down 3.87%).Source: Top Gainers, Top LosersMilestone Alert! Livemint tops charts as the fastest growing news website in the world

Interglobe Aviation: Interglobe Enterprises, a promoter entity of Rahul Bhatia, is planning to sell a stake worth $394 million in Indigo Airlines’ parent company, Interglobe Aviation, via a block deal. The entity currently holds a 37.75% stake in Interglobe Aviation.

₹4445.00 on June 11, at 9:25 am, on BSE. The company enjoys a market capitalisation of ₹1,76,105.16 crore as BSE.The sale's floor price is set at ₹4,266 per share, a 6.5 per cent discount from Interglobe Aviation's closing price of ₹4,562.55 on June 10.

₹12.87 crore and ₹10.94 crore from two separate wagon manufacturers.Sensex Today Live : The company has appointed Deepak Natarajan as an additional non-executive director, effective from June 10.Sensex Today Live : Cintra, a subsidiary of Spanish infrastructure group Ferrovial, is expected to sell up to a 5% stake in IRB Infrastructure Developers through a block deal. The deal, priced between ₹63-70.16 per share, represents up to a 10.2% discount to the last closing price.

aircraft carrying Malawi's Vice President Saulos Klaus Chilima and nine others has gone missing, Malawi's presidency said on Monday.

Combined Graduation Parade (CGP) of the 213 Officers' Course will be held on June 15 at the Air Force Academy (AFA), Dundigal, Hyderabad, the Ministry of Defence said in a release.

Ram Mohan Naidu, a Member of Parliament (MP) from the Telugu Desam Party, has assumed the position of the Civil Aviation Minister, replacing BJP's Jyotiraditya Scindia.

Air India chief executive officer and managing director Campbell Wilsonsaid at the CAPA India aviation summit. Sensing an opportunity, several foreign airlines have firmed up plans to approach the government with their requests. “Today we have not exhausted the bilaterals, in terms of number of seats per week but we have hit the limit in terms of number of stations," Sanjiv Kapoor, executive vice-president, strategies of the Saudia Group told Mint.

Also Read: Oil posts third weekly loss on delayed US Fed cuts; Brent at $79: Buy or sell?Stocks from these sectors have rallied in anticipation that the drop in crude prices will reduce the companies' operating expenses, leading to improved net profits. Investors are optimistic that lower costs for raw materials will enhance profitability, making these sectors more attractive in the market.Tyre Sector: Crude oil derivatives such as carbon black, synthetic rubber, and nylon tyre cord fabric make up nearly half the cost of producing a tyre.

₹4.17 trillion) over the next 10 years to become a true energy company from just a generator of power, according to two people aware of the company's plans. The people said that India's biggest power generation company will spend $5 billion each year over 10 years to foray into production of various clean fuels and also towards increasing its power generation capacity.

aviation market's pace of growth needs to be matched with capacity, and increased competition will provide more choices for consumers, Emirates Airline Deputy President and Chief Commercial Officer Adnan Kazim has said, as he pitched for increased bilateral flying rights between Dubai and India. On whether Emirates is looking for partners in India, Kazim said it is open to any such future engagements if there is an appetite in an Indian airline for that sort of dialogue and engagement.

NTPC Ltd is exploring ways to produce sustainable jet fuel by mixing carbon captured from its thermal power plant and green hydrogen, people familiar with the development said.

National Congress Party (Ajit) member Praful Patel on Sunday expressed his reservations over being offered a Minister of State with independent charge position in the to-be- formed NDA cabinet under BJP leader Narendra Modi.

IndiGo plane was seen landing and an Air India aircraft taking off from the same runway in less than a minute at the Mumbai airport is now under the lens of India's aviation watchdog.

aircraft manufacturer, has faced a cascading quality crisis since 2018, which escalated this year after a door panel blew off one of the company's planes mid-flight, prompting multiple FAA investigations and a criminal inquiry from the Justice Department. And it's not just Boeing — a New York Times investigation last summer found that understaffing and overscheduling led to an alarming number of unreported near misses on American runways.

India is a major aviation market, and a stronger partnership between Air India and Lufthansa is beneficial, Star Alliance CEO Theo Panagiotoulias said. According to him, the association aims to unite its partners to provide unique value to passengers. Both Air India and Lufthansa are members of the Star Alliance, which includes 26 member airlines collaborating at over 50 global hubs to offer seamless connections worldwide. “We need to ensure that the right value proposition is there in India, which is a significant market,” Panagiotoulias added.

Narendra Modi and his council of ministers. Close to 30 ministers from the likely full council of 78-81 ministers will take oath today, NDTV reported citing sources.Despite originally aspiring a smaller council, very few ministers are expected to hold more than one portfolio, the report added.Among those taking oath after Modi will include ministers with key portfolios such as coal, civil aviation, defence, external affairs, finance, home, and steel, NDTV reported.

Federal investigators say an air traffic’s controller’s faulty assumption nearly caused a runway collision at a Texas airport last year

«The situation was never as good in the Indian aviation market as it is today because there are effectively only two large players, Vistara Air India combined and InterGlobe Aviation,» says Sandip Sabharwal, asksandipsabharwal.com. Let us get stock specific then and get in your take on the entire chemical sector, brokerages are of the view that it is still not out of the woods, in fact they have cut the target price of most of the companies like SRF, Tata Chemicals, Navin Fluorine. What is your outlook? On the chemical side there is still huge overcapacity, largely prices are under pressure, so obviously when prices fall a lot there is some upswing but given the huge oversupply position and the demand supply mismatch and the fact that many of these companies have added significant capacity over the last one or two years and are in the process of adding more capacity, so what this will do is that this will create diseconomies of scale so because of huge capex and low prices and as the plants become commercialised you will have interest costs, etc, also coming into your P&L.