AVIATOR
Aviation regulator DGCA allows IndiGo to carry pre-flight briefing data in digital form
The Directorate General of Civil Aviation (DGCA) has permitted IndiGo to use Electronic Flight Folders (EFF), allowing the airline to carry pre-flight briefing data like flight plans and weather charts digitally rather than in hard copy. This move is expected to reduce aircraft weight, fuel consumption, and operational costs while enhancing safety and efficiency in flight preparations.
Shares of InterGlobe rise as Nifty gains
On the technical charts, the 200-day moving average of the stock stood at Rs 3294.22.
Boeing warns customers of further delays on 737 Max amid crisis
The planemaker has cautioned that delivery timelines continue to slip by three to six months on top of already-late handovers, according to people familiar with the matter. In some instances, deliveries scheduled for next year have spilled into 2026, said the people, who asked not to be identified as the discussions are confidential.
Fund on tourism theme ‘narrow’, may not suit all investor profiles
Unleash your high-risk appetite with the new Tata Nifty India Tourism Index Fund! This fund offers a unique opportunity for bold investors to dive into the world of tourism stocks. But beware, experts warn that this fund may not be for the faint-hearted. Are you ready to take the plunge?
HDFC Defence Fund gave 145% return before restriction on fresh investment kicks in
The scheme is benchmarked against Nifty India Defence Index TRI. The fund aims to capitalise on the opportunities in the space and has seen good interest from investors. The government's focus on modernising its defence forces and push toward self-reliance should drive the long-term growth of the sector. As global geopolitical tensions rise, many nations are spending on enhancing defence capabilities.
InterGlobe shares gain 0.73% as Sensex falls
On the technical charts, the RSI of the stock stood at 54.13.
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Airlines are mastering the art of upsell, offering more choices and flexibility with new fare plans
Both IndiGo and Air India are making it costlier to cancel or reschedule their flights, for those booking a basic fare ticket while lowering these cost for higher fare bracket topping it up with extras a basic fare-ticket.
InterGlobe shares drop 1.42% as Sensex falls
On the technical charts, the RSI of the stock stood at 49.15.
InterGlobe shares up 0.89% as Nifty gains
A total of 4,187 shares changed hands on the counter till time (IST).
InterGlobe shares drop 1.67% as Sensex falls
The stock quoted a 52-week high of Rs 4610.0 and a 52-week low of Rs 2334.95.
InterGlobe shares rise 0.76% as Sensex slides
A total of 3,338 shares changed hands on the counter till 10:25AM (IST)
InterGlobe shares up 0.59% as Nifty gains
A total of 6,414 shares changed hands on the counter till 11:32AM (IST).
InterGlobe shares up 0.11% as Nifty gains
A total of 19,758 shares changed hands on the counter till time (IST).
InterGlobe share price up 1.15 per cent
A total of 8,955 shares changed hands on the counter till 10:25AM (IST).
Share price of InterGlobe jumps as Sensex gains 181.13 points
Promoters held 37.91 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 23.66 per cent and 12.38 per cent, respectively.
Eleven dead in New Delhi after heavy rain, flight operations stutter
The death toll from this week's heavy rain in New Delhi has risen to 11, with four fatalities reported due to drowning in submerged underpasses, according to the Times of India. The city experienced its heaviest rainfall in decades on June 28, exceeding the average monthly rainfall in just one day. The torrential downpour caused a fatal roof collapse at one of Delhi's airport terminals, leading to flight disruptions, flooded underpasses, and widespread traffic congestion. Approximately 60 flights were cancelled at the main airport, primarily affecting Terminal 1, used by carriers like IndiGo and SpiceJet.
Delhi Airport Terminal Collapse: Operations halted at T1, at least 130 flights canceled
A canopy collapse at Delhi Airport’s Terminal 1 led to a suspension of operations, affecting 128 flights. Passengers were redirected to Terminals 2 and 3. The Civil Aviation Ministry set up a "war room" for crisis management. Authorities are investigating, with steps planned to prevent future incidents. Airlines and the airport are managing increased traffic at the remaining terminals.
InterGlobe share price up 0.68 per cent
A total of 15,977 shares changed hands on the counter till 12:07PM (IST).
ET Graphics: India’s domestic aviation market is now third largest globally
India has recently overtaken Brazil and Indonesia to claim the position of the third largest domestic aviation market, as reported by aviation data analytics firm OAG. IndiGo and Air India, collectively holding orders for more than 1,000 aircraft, dominate the market by securing nine out of every ten domestic seats in India. At present, the United States and China maintain their positions as the top two aviation markets globally.
Thyssenkrupp India lines up sustainable aviation fuel foray
Thyssenkrupp Industries India, whose majority shares were recently sold by its German parent company, is set to enter the sustainable aviation fuel (SAF) sector as part of its new business strategy under Indian ownership. Vivek Bhatia, the managing director, informed ET that the capital goods company is currently in the process of finalizing partnerships for its SAF initiative. SAF is an eco-friendly aviation fuel derived from non-petroleum sources, such as forestry and agricultural waste, used cooking oil, carbon captured from the atmosphere, and green hydrogen.
Indian airports need to review their pricing strategies: CAPA India
Indian airports can increase profitability by increasing non-aeronautical revenues, according to aviation consultancy firm CAPA India. The consultancy found that airports on Public Private Partnership (PPP) mode generate more non-aero revenues than those operated by the Airports Authority of India (AAI). The consultancy suggested that Indian airports need to review their pricing strategies and consider whether aero charges reflect demand on resources.
InterGlobe declines 0.74% as Sensex climbs
The stock traded at a P/E multiple of 19.99, while the price-to-book value ratio stood at 68.53.
Aviation firms plan own training schools to ensure supply of talent
While Air India is starting its own pilot training school, the GMR group that owns the country's largest airframe maintenance, repair and overhaul (MRO) company, GMR Aero Technic, has invested ?50 crore to start its own school for engineers. "To train such large numbers of engineers, GMR Aero Technic has entered the skill development segment with the GMR School of Aviation," Ashok Gopinath, president and accountable manager of GMR Aero Technic, said. The group also owns the Delhi, Hyderabad and Goa airports.
Share price of InterGlobe falls as Nifty strengthens
A total of 9,513 shares changed hands on the counter till 11:42AM (IST).
InterGlobe shares fall 1.42% as Nifty gains
The stock quoted a 52-week high price of Rs 4610.0 and a 52-week low of Rs 2334.95.
InterGlobe shares up 0.39% as Nifty gains
A total of 16,651 shares changed hands on the counter till 11:26AM (IST).
InterGlobe shares fall 0.8 per cent in Thursday's trading session
The Relative Strength Index of the stock stood at 48.74 on Thursday.
DGCA issues advisory on gender equality, aims to increase women representation in India's aviation sector by 25%
India's aviation regulator, Directorate General of Civil Aviation (DGCA), issued an advisory circular on Wednesday focusing on gender equality within the aviation sector. The circular, titled “Gender Equality in Civil Aviation Sector,” aligns with India's Constitution and ICAO’s vision for promoting equal opportunities in aviation.
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