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Domestic air passenger traffice shoots up
The data from the Directorate General of Civil Aviation (DGCA) showed that domestic carriers flew 97.05 lakh passengers in July 2022.
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Parliamentary panel wants air fares capped
Lawmakers have suggested capping fares to prevent unreasonale spikes during busy days
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Tailwinds lift Indigo shares
BYJU’s lays-off 1,000 more employees, Ambani-backed textile stock weaving profit on bourses, Share India bullish on these three stocks, Rs 50 lakh-R
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India suffered the sharpest hike in airfares
India has been one of the fastest growing aviation markets and airfares have also risen sharply in India
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Dalmia Cement girds up for a three-way fight
Dalmia Cements plans Rs 19,000-cr expansion to take on Adani and Ultratech; Go First creditors replace interim resolution provider; Sekhmet, Nirma in
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CCD shuts 73% stores in 4 years
CCD has closed 73% of its outlets from 2019; Reliance Retail and six other entities have submitted EoI for Future Supply Chain; Indigo set to place or
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Adani again looks to raise funds
The board of Adani Enterprises will meet on May 13 to consider ways to raise funds; After NCLT decision on Go First the airline may fly again from May
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NCLT accepts insolvency plea by Go First
SC panel has submitted its report on Adani; High Court upholds arbitral award to RIL; Byju's to raise $1b and much more on action in corporate world
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Turbulence ahead for aviation sector
Air travel in India is still considered as luxury spending. All the luxury items have very high price elasticity.
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Go First lenders open to rejigging loans
The restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standard accounts
