Aviat Financial News

Shares of Inox Wind rallied 10% in today’s session to its fresh 52-week high of Rs 166 on BSE as the stock traded on an ex-bonus basis. Earlier in May, the wind turbine manufacturer had informed the exchanges about its intention to issue bonus shares in the ratio 1:3 to its eligible shareholders, meaning that for every 1 equity share held, 3 new equity shares will be issued.

Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday's trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline's passenger ticket revenues grew 25% YoY to Rs 15,601 crore.

InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March. In another news, severe heatwave conditions continued to grip parts of North India, while some states in the southern regions grappled with heavy rainfall.

₹2.69 per kWh, which is expected to be completed within 24 months of signing the 25-year power purchase agreement (PPA).With this, Avaada Energy has reached a portfolio of 15 GWp in India, it said in a statement.Vineet Mittal, chairman of Avaada Group, said, “We are incredibly proud to have won the single largest bid of 1050 MWp from NTPC. This achievement not only highlights our capability to execute large-scale renewable energy projects but also reinforces our commitment to supporting India’s transition to a sustainable energy future.

will burn rather than generate cash in 2024 and deliveries aren't expected to increase in the second quarter, the company's finance chief said Thursday, as the U.S. planemaker grapples with a full-blown crisis that is weighing on production of its strongest-selling aircraft. CFO Brian West told the Wolfe Research Global Transportation and Industrials Conference that he expects Boeing's full-year free cash flow to be negative, compared with a March outlook for positive cash generation in the low single-digit billions.

Interglobe Aviation reported that its net profit more than doubled to ₹1,894.8 crore in the quarter ended March 2024. India's largest airline recently decided to purchase 30 wide-body aircraft.Also Read: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.‘’Considering India’s soaring economy and the evolving aspirations of Indian society, it’s time for IndiGo to redefine premium travel in India, increasing availability of this service for the nation.

InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March.The airline's total income rose 26.7% during January-March to ₹18,505.1 crore.Indigo also clocked its highest ever total income for the financial year ended March 2024 at ₹71,231.16 crore, up 27.5% year-on-year. Total income for the corresponding fiscal year was ₹55,881.41 crore.The company’s profit after tax rose to ₹8,172.46 crore during FY2024, against a net loss of ₹305.78 crore a year earlier.The airline beat the estimates of analysts.“For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%.

Q4 FY2024 Earnings: A slew of companies across various sectors are scheduled to unveil their financial results on May 23, 2024, providing insights into their performance and shaping market sentiments. Among the notable names are aviation giant IndiGo, conglomerate ITC, Fortis Healthcare, Finolex Cables, Rupa & Company, Page Industries, Shilpa Medicare, Nucleus Software Exports, Schneider Electric Infrastructure and Suraj Products.Saven Technologies, Abhijit Trading Company, Adline Chem Lab, Allied Digital Services, Ahasolar Technologies, Alankit, Alchemist Corporation, Alstone Textiles (India), Alufluoride, AMD Industries, Amerise Biosciences, Amraworld Agrico, Amrutanjan Health Care, Aravali Securities & Finance, Arex Industries, Aryan Share and Stock Brokers, Asian Granito India, Asit C.

passenger boarding process of 6E 6543 from Mumbai to Varanasi, wherein a standby passenger was allotted a seat reserved for a confirmed passenger. The error was noticed before the departure of the aircraft, and the standby passenger was deboarded. This led to a slight delay in the departure of the aircraft.

Afghanistan's Taliban have confirmed the resumption of Turkish Airlines flights to Kabul’s international airport

China’s Ministry of Commerce has announced sanctions against Boeing and two other defense companies for their arms sales to Taiwan

bandhgalas are not really suited for the warm weather. The answer lies in opting for suit materials that are breezy and lightweight, like cotton and linen, and staying away from jackets and blazers with inner linings. You can also try moving away from traditional colours like red and black, and opt for summer-friendly shades such as powder blue, pale pink, olive or sage green.

IndiGo makes long-haul foray, orders 30 wide-body aircraft How much can this translate into profits and how much has the airline earned from Pratt & Whitney as compensation will be known on Thursday. The last few months have seen airlines open up to compensation from Pratt & Whitney, which has run into millions of dollars, not all of which is a cash payout. Globally, the large airlines have reported their best-ever profits in FY24.

Bell 212 helicopter carrying Iran's president and foreign minister crashed on Sunday, according to Iranian state media, as it flew through mountains in heavy fog. The civilian version of the ubiquitous Vietnam War-era UH-1N «Twin Huey,» they are in wide use globally by both governments and private operators:

Boeing shareholders have approved CEO David Calhoun’s $32.8 million compensation

Read more Prime Minister Narendra Modi on Tuesday filed his nomination from Varanasi Lok Sabha seat. Before filing the nomination, PM Modi offered prayers at Dashashwamedh Ghat on the banks of the Ganges and visited Kal Bhairav temple. Read more Amid the planemaker's preparation to meet with the US aviation regulator Federal Aviation Administration (FAA) over its quality-control problems, Boeing shareholders at its annual general meeting (AGM) on Friday re-elected CEO David Calhoun and approved his $32.8 million compensation.

ALSO READ: US says Boeing can be prosecuted for 737 MAX crashes The Boeing AGM was conducted online, and a moderator asked Calhoun and Steven Mollenkopf, the new chairman of Boeing's Board of Directors, a handful of shareholder questions. However, reports noted that none of the questions were too pointed.

Anita Goyal, the wife of Jet Airways founder Naresh Goyal, passed away early Thursday morning, confirmed by a close family source. The 70-year-old had been battling cancer, reaching its third stage and undergoing treatment. Her health had been deteriorating over recent months, culminating in her passing at 3 am in a Mumbai hospital. Plans are underway to bring her mortal remains back home.

InterGlobe Aviation Ltd. gained 1.09 per cent to Rs 4336.9 in Friday's trade as of 10:14AM (IST). It hit a high of Rs 4391.0 and low of Rs 4290.55 during the session. The stock quoted a 52-week high price of Rs 4391.0 and a low of Rs 2230.45. The return on equity for the stock stood at 0.0 per cent. About 8,519 shares have changed hands on the counter so far.

United Airlines says it has regained some privileges that were suspended after a series of incidents on flights earlier this year

petroleum crude to ₹5,700 per metric ton from ₹8,400 with effect from May 16, Reuters reported. As per a notification from the government on May 15, there is no change in windfall tax for diesel and aviation turbine fuel (ATF), it added.