SpiceJet chief Ajay Singh on Monday said the airline is significantly restructuring its balance sheet and will aggressively push for fleet expansion. The airline will also be having a significant number of dedicated cargo aircraft, he said, adding that the cargo business has helped the airline pay off its liabilities. Last month, the airline announced [...]
Finance Minister Kailash Gahlot on Monday tabled the Delhi Economic Survey in the Assembly. According to the survey report, the per capita income of Delhi at current prices reached at the level of Rs 3,89,529 in 2021-22 as compared to Rs 3,31,112 in 2020-21. "The Advance Estimate of Per Capita Income of Delhi at current [...]
Cochin Shipyard Limited(CSL) stock started its trading session at Rs 448.40 today and is currently trading at Rs 461.85. The stock witnessed an intra-day high of Rs 473.60 which is an upside of around 6.67 percent to the previous closing levels of Rs 444. One of the reasons for such a stock movement today is [...]
Ace investor Ashish Dhawan has bought a stake in Equitas Small Finance Bank as per the latest shareholding pattern of the company filed with the exchanges. His name appears in the list of public shareholders who hold more than one percent stake in the bank. Equitas Small Finance Bank is an India-based banking company operating [...]
The shares of Sunflag Iron & Steel Company Ltd. hit a new all-time high of ₹ 162.50 apiece on the National Stock Exchange (NSE) amid heavy volumes. This happened after the company acquired an 11.89% stake in Lloyds Metals. At 11:47 AM, the stock was trading 6.88% higher at ₹ 160.00 apiece, as compared to [...]
Coal India Chairman Pramod Agrawal on Monday said there is a "strong case" for increasing coal prices, and the hike could be effected "very soon" as discussions are underway with stakeholders. Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26. "There is a strong [...]
Air India will reduce the frequency of flights on certain US routes due to crew shortage issues for a temporary period, its chief Campbell Wilson said on Monday. He also said the airline will have 100 pilots for Boeing 777 planes in three months as they are being "activated" and around 1,400 cabin crew are [...]
Adani Krishnapatnam Port Pvt Siding Ltd of South Central Railway zone’s Vijayawada Division has logged highest ever, 12.95 MT, coal loading milestone in 2022–23, said an official. This milestone, accomplished on Friday, surpassed the earlier feat of 12.94 MT logged in fiscal 2014-15, said the official. "This is the highest ever coal volume dealt in [...]
Civil Aviation Minister Jyotiraditya Scindia on Monday said it is time for India to look at manufacturing of aerospace products as he highlighted the growth potential of the country's aviation sector. He also said domestic airlines are together projected to have a fleet of around 2,000 planes in the next five to seven years. It [...]
Indian airlines are projected to record a consolidated loss of USD 1.6 to 1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday. The full service carriers are expected to incur a loss of USD 1.1 to 1.2 billion. According to CAPA India, Indian airlines are estimated to have a net [...]
