Booking Financial News

air ticket prices in India spiked 9 per cent in the first quarter of 2024, primarily on account of general increase in travel demand and «much stronger» economic growth, according to Australian Securities Exchange-listed FCM Travel. At the same time, FCM Travel said there was a 20 per cent jump in the premium class bookings in the January-March period compared to the same period last year, driven by sectors such as manufacturing IT as well as conglomerates. «Domestic air capacity has increased more than 3 per cent but due to the demand in travel, we have seen average ticket prices increase by 9 per cent which is attributed to a much stronger economic growth and a general increase in demand for travel,» said Sunny Sodhi, Managing Director of FCM Travel India. Popular domestic routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai, he added.

Bank of Nova Scotia beat analysts’ estimates as it saw continued momentum in its wealth-management and capital-markets businesses.

equity indices closed in the red for the third straight session on Tuesday in a highly volatile market, amid profit booking and pressure from index heavyweights Reliance Industries and banking stocks. The BSE Sensex declined 220 points, or 0.29%, to settle at 75,170. Meanwhile, the broader NSE Nifty dropped 44 points, or 0.19%, to end at 22,888.

Gulzar Natarajan and I wrote that nations may be ill-advised to rely on private capital for the investments they need to make to deal with climate change. However, Brett Christophers takes this argument further in his book, The Price is Wrong: Why Capitalism Won’t Save the Planet. He delves into why private capital, despite its potential, will not invest enough in renewable-energy generation capacity for the planet to achieve its goal of limiting temperature increase to 1.5° Celsius above pre-industrial levels.

₹147.65 after a 5 percent stake in the firm changed hands via a block deal at a floor price of ₹151, a discount of 8 percent from the previous close. The stock has rallied 460 percent in the last 1 year.According to media reports, approximately 1.69 crore shares of the firm were traded, resulting in a turnover of ₹257.61 crore on the BSE. The identities of the buyers and sellers have not been disclosed.

Also Read: Stock to buy: Anand Rathi recommends Olectra Greentech as its stock pick of the monthAs a result, companies in the passenger vehicle (PV) segment have demonstrated strong performance, reporting impressive volume growth. This has subsequently driven increased demand for these companies' stocks, leading to a significant rise in their market value.Notably, Mahindra & Mahindra (M&M), the automotive and farm equipment flagship of the Mahindra Group, was one of the stellar performers in recent years.

Stock to buy today: Ugro Capital share price has been in uptrend after ushering in the new financial year 2024-25. The NBFC stock bottomed out at around ₹215 per share level at the end of March 2024. After bottoming out and touching 52-week los of ₹210.25 ion 26th March 2024, Ugro Capital share price has rallied to the tune of ₹272 apiece level, recording nearly 25 percent rise from its 52-week low.

LTIMindtree Ltd. fell 0.15 per cent to Rs 4886.7 in Tuesday's session as of 11:41AM (IST) even as the equity benchmark Sensex traded 41.61 points higher at 75432.11. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 6442.65 and a 52-week low of Rs 4565.0 on NSE. Around 7241 shares changed hands on the counter till 11:41AM (IST).

Avenue Supermarts Ltd. gained 0.02 per cent to Rs 4539.25 in Tuesday's session as of 11:36AM (IST) even as the equity benchmark Sensex traded 27.99 points higher at 75418.49. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 4916.15 and a 52-week low of Rs 3441.6 on NSE. Around 8325 shares changed hands on the counter till 11:36AM (IST).

«So, to play safe even in this momentum driven market I would not leave the fundamentals. I would keep the fundamentals first and then possibly chase the momentum, that is the approach that we have communicated also to our customers,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd Seems like short covering currently at play, how do you think investors should best use this rebound in the market. Well, it is a slightly challenging market from the momentum point of view. No doubt if momentum continues and if somebody wants to chase this momentum, you have an equal chance of getting disappointed because of the higher amount of VIX on one side and at the same time event risk on the other side.

Gujarat police have arrested one more partner of the Rajkot-based TRP game zone where a devastating fire last week killed 27 persons, an official said on Tuesday. Dhaval Thakkar, the proprietor of Dhaval Corporation, which ran the TRP game zone along with five partners of Raceway Enterprises, was arrested from Abu Road in neighbouring Rajasthan, Banaskantha Superintendent of Police Akshayraj Makwana said. With this, four persons have so far been arrested in connection with the fire incident at the game zone on Saturday. «Thakkar was arrested from Abu Road in a joint operation carried out by the Rajkot and Banaskantha police last night,» Makwana said.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, started off Tuesday's session with minor gains amid mixed global cues. Reliance Industries and HDFC Bank both saw buying, and the monsoon outlook was favourable.The 30-share BSE Sensex opened up by 194.90 points, or 0.26%, at the 75,585.40 level, while the Nifty 50 started off at the 22,977.15 level, up 44.70 points, or 0.19%.Nifty 50 is predicted to continue its upward trajectory, said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, as per PTI news report.

₹657.21 crore in March 2024. The quarterly net profit rose by 74.73% to ₹67.13 crore, and EBITDA increased by 68.4% to ₹108.38 crore.Sensex Today Live : The company reported a 128% jump in profit to ₹22.2 crore from ₹9.7 crore the previous year.

Interoperability in Digital Economy (FIDE), which powers ecommerce networks like the government-backed Open Network for Digital Commerce (ONDC), has unveiled a multi-network AI agent that can carry out commercial transactions on the user's behalf. The AI agent, Beckn Generative Pre-trained Transformer or BecknGPT, is an open-source demonstration app over Open AI’s ChatGPT.

A bid to exit publicly traded markets could give Indigo Books & Music the “nimbleness” needed for the struggling retailer to execute on its comeback plans, according to some analysts.

HBO on May 26, the most pertinent question that popped up was- will there be a sequel? This was supported by the fact that the end was not conclusive and it left enough scope for another season. Created by Park Chan-wook and Don McKellar, the miniseries revolves around the Captain (Hoa Xuande), a North Vietnamese spy in the South Vietnamese army. He escapes to the U.S. with his general toward the end of the Vietnam War.

Dance of the Dragons begins. Choose between Team Black and Team Green. Learn about the release date, returning cast, and plot details of House of the Dragon Season 2.

Julia Quinn's Bridgerton novels have been left intrigued by the absence of a crucial friendship in Season 3 of the Netflix adaptation. Showrunner Jess Brownell has shed light on the decision, offering insights into the altered dynamics of key characters.

Indigo Books & Music Inc. shareholders have voted to approve a deal that will see the retailer become a private company.

Awfis Space Solutions closed on Monday after witnessing robust investor interest, with the number of bids received being more than 108 times the shares offered. According to data from the BSE, bids were received for over 93.3 million shares as against the 8.62 million shares on offer. The retail investors category was booked 53.32 times, while for non-institutional investors it was 129.28 times. The qualified institutional buyers (QIBs) category received bids for 54 million shares, which is over 116 times the shares on offer.

NEW DELHI:The National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes' resolution plan to take over the bankrupt real estate company Radius Estates, rejecting challenges from creditors and debenture holders, including ICICI Prudential Venture Capital Fund and Beacon Trusteeship. Monday's decision affirms the earlier orders by the Mumbai bench of the National Company Law Tribunal (NCLT), which had approved the resolution plan and dismissed allegations of foul play and collusion.Creditors had claimed that the resolution professional (RP), Jayesh Sanghrajka, and HDFC Ltd, the largest creditor, colluded, leading to only one bid being received.