Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the Covid-19 outbreak.
All that happened in the markets today
A total of 18 companies, including the likes of Britannia, Indigo, and Motherson Sumi, are scheduled to announce their results today which will induce individual stock reactions
Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a source with knowledge of the matter said
Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results
Business Standard brings you top 10 business headlines of the day
Even as costs are lower, demand weakness likely to keep airlines in the red for most of FY21
Grey market premiums have dropped to 10% after last week's market fall.
InterGlobe Aviation, parent of the country's largest airline IndiGo, also said it has strong processes for ensuring arm's length dealings with related parties
The resolution primarily failed after co-founder Rahul Bhatia's Interglobe Enterpise's voted against it. The Bhatia family and Inter-Globe Enterprises (IGE) together own 38.23 per cent.
Gangwal had sought removal of articles pertaining to transfer and acquisition of the company's shares, including 'Right of First Refusal' and ' Tag Along Right'
The company's total income surged a robust 25.5 per cent to Rs 10,330.2 crore in the latest December quarter from Rs 8,229.3 crore in the corresponding period a year ago
The company also announced redesignating Ronojoy Dutta its whole-time director and CEO
Metal stocks were under heavy selling pressure today as investors grew increasingly anxious about the economic impact of spreading of China's Coronavirus outbreak
For the recently concluded quarter, analysts at Centrum Broking see the profit declining 7.7 per cent to Rs 176.3 crore primarily "due to lower net fleet addition and higher fuel costs".
IndiGo will commence operations on the Kolkata-Dubai route from February 16, while the services to Doha from the capital city of West Bengal will begin from March 1
The meeting is being convened following request by co-promoter Rakesh Gangwal and related entities who together hold 36.64% stake in the company
Hardeep Singh Puri says tariff wars only work in the short run, hurt entire industry long term; rules out regulatory intervention
Most legal experts said that to come out of the current situation, InterGlobe Aviation needs to expand the size of its board of directors
The official said it is the first time that the regulator has given approval for aviation English language training organisation and testing service providers.