Aviat Financial News
03.11 / 02:27
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2020
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Stocks to Watch: Tata Motors, TCS, Adani Green, HPCL, IndiGo, Berger Paints
Tata Motors: Tata Motors Ltd’s passenger electric vehicle subsidiary on Thursday said it will enter a strategic partnership with Jaguar Land Rover, the wholly-owned British luxury vehicle arm of the group, to leverage its electrified modular architecture (EMA) platform and develop its premium pure EV series. Tata Motors reported a consolidated net profit of ₹3,783 crore for the September quarter. Its total consolidated revenue from operations stood at ₹1,05,128 crore.
02.11 / 20:37
Target
BLOCK
Aviat
Action
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us sanctions
The US sanctions more foreign firms in a bid to choke off Russia's supplies for its war in Ukraine
Secretary of State Antony Blinken says the U.S. has imposed a new round of sanctions targeting Russia over its invasion of Ukraine
02.11 / 15:55
Aviat
Airlines
country
information
IndiGo chief commercial officer Mahesh Kumar Malik quits
New Delhi: Mahesh Kumar Malik has resigned from IndiGo as Chief Commercial Officer for domestic cargo, according to a regulatory filing. Malik has resigned with effect from November 1 citing personal reasons.
02.11 / 15:01
Aviat
Airlines
country
information
IndiGo's senior executive Mahesh Kumar Malik resigns
Mahesh Kumar Malik has resigned from IndiGo as Chief Commercial Officer for domestic cargo, according to a regulatory filing. Malik has resigned with effect from November 1 citing personal reasons.
01.11 / 17:19
Aviat
Action
Airlines
shootings
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Delta says pilot accused of threatening to shoot the captain no longer works for the airline
Delta Air Lines says the pilot accused of threatening to shoot the plane’s captain during a flight no longer works for the airline
01.11 / 05:05
Aviat
Manufacturing
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Dreams
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performer
RattanIndia Enterprises shares surge 11% on certification for DOPO drone
RattanIndia Enterprises, the flagship company of Rattanindia Group, zoomed 11% to ₹57.40 apiece in Wednesday's early trade. This sharp uptick in shares came after the company received DGCA’s certification for its drone product.
31.10 / 14:13
Aviat
Nov
India hikes windfall tax on petroleum crude to Rs 9,800/tonne
windfall tax on domestically produced petroleum crude to Rs 9,800 per tonne from Rs 9,050 per tonne from Nov. 1, according to a government notification.
31.10 / 13:27
Reuters
Aviat
CEO
Airlines
pandemic
show
travelers
Air India and Akasa Air CEOs exchange barbs over poaching of pilots
New Delhi: The chief executives of Air India and Akasa Air have privately exchanged barbs over the poaching of pilots, with the latter accusing its bigger rival of rule violations, provoking a reply that collusion to curb job switching can breach competition law. The exchange, detailed in a Sept. 21 letter seen by Reuters, spotlights growing competition in India's aviation market, as a strong rebound in air travel after the pandemic, coupled with a flurry of orders for new aircraft, lead to a shortage of pilots.
31.10 / 06:37
Aviat
Experts
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share price
InterGlobe share price up 0.05 per cent
InterGlobe Aviation Ltd. traded 0.05 per cent up at Rs 2495.85 at around 11:52AM (IST) on Tuesday. The stock had closed at Rs 2494.55 in the previous session.
30.10 / 14:37
Aviat
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economic data
Oil prices sink as Fed meeting, key economic data loom
Investing.com — Oil prices fell sharply Monday, as investors adopted a cautious stance at the start of a week that includes several central bank meetings, including the U.S. Federal Reserve, as well as key indications of global economic health.
30.10 / 13:05
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Yellow
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week
Commodities Week Ahead: Oil Traders More Worried About Fed, US Jobs Than Wars
Israel is pounding Gaza non-stop and from all fronts to get to Hamas. But, oil traders seem more concerned right now about what the Federal Reserve might do or say at the central bank’s rate decision on Wednesday and how the US job numbers for October will turn out on Friday, than the Middle East’s raging war that practically had markets on tenterhooks last week.
29.10 / 19:27
Citi
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Mumbai
Adani gives Navi Mumbai airport a $1 bn push
MUMBAI : The Adani Group has invested close to $1 billion in Navi Mumbai International Airport Ltd, in a bid to start operations by December next year, two people with direct knowledge of the development said. Of the ₹8,625 crore (approximately $991 million) invested in the Navi Mumbai airport so far, Adani has made an equity infusion of ₹1,710 crore. It has also raised ₹2,900 crore in term loans from a consortium of banks, while an additional ₹3,655 crore equity came from the City and Industrial Development Corporation of Maharashtra Ltd (Cidco), a city planning agency in Maharashtra, these people said.
29.10 / 11:17
29.10 / 08:05
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NOT
IndiGo clarifies web check-in not mandatory, but recommended for a smooth experience. Netizens react
PTI. The report stated that flight problems accounted for 41.9 percent of complaints, followed by baggage at 19.9 percent and refunds at 15.4 percent. The report further mentioned that 242 complaints out of 246 complaints have been addressed.
29.10 / 07:05
Aviat
economy
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Experts
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Decoding the impact of Israel-Hamas war on global and Indian economy
Israel-Hamas war on the world economy may take time to become apparent but it would worsen if it spread to the Middle East, notably Iran, a major oil producer and Hamas sponsor. The global economy would be affected by rising oil prices near $90. Further escalation of the conflict towards other Middle Eastern oil producers is concerning and requires careful monitoring, especially given the global economy's 'higher for longer' interest rate scenario.
28.10 / 06:59
Aviat
Airlines
WhatsApp
reports
travelers
DGCA reports flight problems, baggage, and refunds as top passenger complaints
ANI citing the air traffic report released by DGCA, “During September 2023, a total of 246 passenger-related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried for the month of September 2023 has been around 0.20." As per the report, the primary causes of passenger complaints were flight problems, accounting for 41.9 percent, followed by baggage issues at 19.9 percent, and refund-related concerns at 15.4 percent. Notably, the predominant cause of complaints was flight problems.
27.10 / 11:33
26.10 / 15:48
Aviat
Death
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shootings
information
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Department
Maine mass shooting; Massive manhunt continues as death toll rises to 22
mass shooting event, at least 22 people lost their lives in a mass shooting in Lewiston, Maine. This incident is considered one of the deadliest of its kind this year. Subsequently, a massive manhunt was launched to locate the alleged gunman responsible for the loss of innocent lives.
26.10 / 05:57
Lowe's
Aviat
SENSEX
Experts
InterGlobe declines 0.79% as Sensex slides
InterGlobe Aviation Ltd. traded at Rs 2411.2 on BSE at 11:11AM (IST) on Thursday, down 0.79 per cent from previous close. The stock quoted a 52-week low price of Rs 1676.0 and a high of Rs 2745.95.
25.10 / 20:33
COST
UPS
Aviat
Airlines
Mobile
IBC
Buyers’ apathy, change in IBC spur Go First liquidation fear
MUMBAI : Bankrupt airline Go First is staring at a potential liquidation or torturous recovery given the lack of buyers’ interest, fleet uncertainty and mounting costs, two people aware of the matter said. Meanwhile, its lenders plan to seek more time for a rescue since only one candidate has shown interest in the airline so far. Go First’s revival was clouded further by a 3 October government notification that said leased aircraft and engines would not come under the bankruptcy moratorium.
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