INDY 500
Hot stocks: Brokerage view on RIL, M&M, ICICI Bank, Ambuja Cements and IndiGo
Jefferies reaffirmed a 'buy' rating on RIL (Reliance Industries Limited) with a target price of Rs 3,580. They foresee the possibility of Jio, RIL's subsidiary, going public in calendar year 2025. According to Jefferies, choosing the IPO route could offer better control, although it would require significant retail participation to overcome the holdco discount.
Watch video: Rohit Sharma shows off T20 World Cup trophy as Team India arrives in Delhi
The Rohit Sharma-led team will stay at the ITC Maurya in Delhi for a while before heading to meet Prime Minister Narendra Modi at his office, where a small function is organised. After meeting PM Modi, the players will travel to Mumbai for an open bus parade at Marine Drive.
From Bumrah's economy rate to record-low run-rate, a look at numbers that define T20 WC 2024
The ICC T20 World Cup 2024 was a memorable event, with record-breaking figures in six-hitting, run-rate, and bowling economy rate. The tournament saw the lowest overall run rate at 7.09, the first time 500+ sixes were smashed in the competition. India secured eight wins in a row, making them the first team to win the T20 WC without a loss. Only the second ICC T20 WC without a single century was scored, with Nicholas Pooran's 98 against Afghanistan.
Xpheno announces July 1 as a holiday in honour of India's victory in the T20 Cricket World Cup
Xpheno celebrated India's T20 World Cup victory by declaring July 1st a holiday. The team's exceptional performance, supported by leaders like Rahul Gandhi, made the win even more special. The festivities and retirements of key players marked a historic moment for the company.
T20 World Cup prize: Prize money for winner, runners-up, semi-finalists, and other teams
India and South Africa will compete for the T20 World Cup 2024 title at Kensington Oval. India aims for a second title after defeating England, while South Africa seeks its first win. The winner gets $2.45 million and the runner-up $1.28 million. Semi-finalists receive $787,500 each.
IndiGo bets on affordable long-haul plan: CEO Pieter Elbers
IndiGo, known for its single-class model, is shifting to dual-class to cater to India's growing air travel market. With rising affluence, more Indians are exploring international travel, a trend IndiGo aims to capitalize on. Managing operations at Delhi airport's three terminals is challenging but supported by the government's vision for aviation. Hosting IATA's AGM in 2025 showcases India's aviation potential. IndiGo's strategy reflects its belief in India's growth, aiming to offer affordable fares and quality service to a broader range of travelers.
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Delhi Airport plans to raise capacity by 30% in 3 years
Delhi International Airport (DIAL) plans to expand capacity by 30% due to increased aircraft orders. CEO Videh Kumar Jaipuriar discussed the expansion at the CAPA India Aviation Summit.
Air India introduces Fare Lock option: Comparison of fees, terms and conditions with IndiGo, SpiceJet
Air ticket fare lock: Air India recently introduced the Fare Lock facility, which is a smooth approach to improving the reservation process, according to the airline. Other airlines, too, offer this facility. Let us see their terms and conditions.
DGCA to lay roadmap for air taxis soon; project to take off from Delhi-NCR, Mumbai and Bengaluru
Following the conclusion of the country's largest electoral activity, the Aviation Ministry has initiated efforts on a new project: urban air mobility. Reports suggest that India's aviation regulator, the Directorate General of Civil Aviation (DGCA), is rumored to have established several technical committees to develop a roadmap for the introduction of air taxis in the country. The project is expected to commence in major urban centers such as Delhi-NCR, Mumbai, and Bengaluru by 2026, with plans to expand to other cities like Chennai and Hyderabad thereafter.
IndiGo looking at various options for financing wide-body planes
IndiGo is exploring financing options for wide-body planes joining in 2027. CEO Pieter Elbers emphasized the importance of a strong balance sheet. The airline has a fleet of 360+ planes and 2 leased Boeing 777s from Turkish Airlines.
T20 World Cup 2024: ICC announces a record-breaking prize fund of $11.25 mn
The ICC Men's T20 World Cup 2024 will have the largest prize purse in history. The tournament will take place over 28 days in nine venues in the West Indies and USA.
India has significant potential for producing sustainable aviation fuel, says IATA
IATA highlights India's potential for Sustainable Aviation Fuel production to reduce carbon emissions. The organization plans to launch the SAF Registry in 2025, supported by various stakeholders like Hemant Mistry.
At least 14 dead from storms in Texas, Arkansas, Oklahoma and Kentucky
Search teams in the U.S. Southern Plains and Ozarks are assessing damage after tornado-spawning thunderstorms killed at least 14 people and destroyed hundreds of buildings. North Texas, near the Oklahoma border, was hit hardest, with seven fatalities and nearly 100 injuries. Severe weather delayed the Indianapolis 500. Tornadoes, with winds up to 135 mph, wreaked havoc, especially in Valley View, Texas, and other regions. As cleanup continues, forecasters warn of more storms, extreme heat, and a potentially severe Atlantic hurricane season starting June 1.
Indy 500 weather update: Is 108th running of Indianapolis 500 starting today?
Indy 500 weather update is here and Indianapolis Motor Speedway president Doug Boles has talked about safety-first approach while deciding the start of the "The Greatest Spectacle in Racing".
Why we must stand with standing passengers (from our sitting seats)
It turns out that the last outpost of consistent law enforcement in India is very strict about all passengers sitting down during take-off, landing and turbulence. Not because like the Enforcement Directorate it can, but because you can't wear a seat belt if you're not sitting, and wearing a seat belt is a non-negotiable safety procedure. Airlines would prefer you to die sitting down if there is a mishap.
Indy 500 2024: How to watch the race live on TV and streaming?
Indianapolis 500, a much-awaited automobile race extending up to 500 miles across the Indianapolis Motor Speedway is taking place soon this year. Here's how you can watch all the live action around this amazing sport.
Flying over city traffic: How exactly can you travel between Delhi and Gurugram in 7 minutes?
In a joint venture, InterGlobe Enterprises, the parent company of India's leading airline IndiGo, and US-based Archer Aviation, plan to introduce an all-electric air taxi service in India by 2026. This service will facilitate transportation from Connaught Place in New Delhi to Gurugram in Haryana, with a remarkable travel time of only 7 minutes.
IndiGo announces bonus for its employees
IndiGo, India's largest airline, is set to return to full-year profitability in FY 24, following a challenging period due to the pandemic. The company has announced a bonus for its employees equivalent to one and a half months' salary. The surge in domestic passenger numbers has contributed to IndiGo's quicker recovery compared to other global airlines. Its shares have witnessed significant gains, with analysts expecting a profit between Rs 7,500-8,000 crore in FY 24.
IndiGo shares climb 3% on order for wide-body aircraft; Kotak raises target price
In Thursday's trading session, shares of InterGlobe Aviation, the operator of IndiGo Airlines, surged 3% to reach a record high of Rs 4,098.45 on the BSE. This uptick followed the company's announcement of placing an order for 30 Firm A350-900 aircraft.
IndiGo, Air India plan for up to 170 wide-body planes in little over a year
Air India and IndiGo have unveiled plans to acquire up to 170 wide-body aircraft, signaling a bullish outlook on expansion and India's aviation sector growth. This move also marks Airbus' entry into India's wide-body aircraft market, traditionally dominated by Boeing. Including narrow-body aircraft orders from Air India, IndiGo, and Akasa Air, India's aircraft order book exceeds 1,200 planes in just over a year. This surge in orders reflects India's status as one of the fastest-growing aviation markets globally, with efforts to enhance direct international connectivity and reduce reliance on Gulf hubs for transit traffic.
IndiGo places order for 30 Firm Airbus A350-900 widebody aircraft
IndiGo has agreed to order 30 Airbus A350-900 aircraft, powered by Rolls Royce's Trent XWB engine, to strengthen its position as the domestic leader in the Indian aviation industry. The aircraft's configuration will be determined later, with deliveries expected from 2027. IndiGo also holds Purchase Rights for 70 Airbus A350 Family aircraft. The airline also made the largest single aircraft order by any airline was for 500 Airbus aircraft last year.
'India becoming a convenient hub for travel between SE Asia & Middle East': IndiGo Chairman
India is emerging as a key hub for travel between Southeast Asia and the Middle East, with airlines increasingly using Indian cities for connecting flights, according to V Sumantran, Chairman of the Board of Directors of InterGlobe Aviation Ltd (IndiGo Airlines). Speaking at the 65th Institute Day of the Indian Institute of Technology, Madras, Sumantran highlighted IndiGo's role in providing affordable travel since its inception in 2006. He noted the airline's significant growth, including a massive order of 500 aircraft, making it the third most valuable airline globally.
Archer and Interglobe plans air taxi to cut down travel time in Indian cities
California-based EVTOL company Archer Aviation plans to reduce travel time in India by 2026 to seven minutes, five times that of Uber. EVTOLs take off and land vertically, producing fewer emissions and potentially being quieter. Archer has partnered with Interglobe Enterprise, the owner of IndiGo, which has reduced air travel costs in India.
IPL 2024: Rohit becomes first Indian to hit 500 T20 sixes, hits 2nd IPL ton in losing cause
The 'Hitman' achieved this milestone during his side's Indian Premier League (IPL) match against Chennai Super Kings (CSK) at Wankhede Stadium.
IndiGo shares rise 5%, hit record high. Here's why
IndiGo's shares rose 4.7% to Rs 3,801.8 after finalizing a 10 A320neo plane order with Airbus. The company hiked airfare by 20–25% due to Vistara flights cancellation, leading to a surge in stock price.
Accor bullish on India, to open 30 more hotels in five years
Europe's largest hotel chain, Accor, plans to launch 30 hotels in India totalling about 5500 keys over the next three to five years. In an interview with ET, Sébastien Bazin, group chairman and CEO of the French multinational hospitality chain said Accor will also consider launching more luxury hotels over time in India.
Are you consuming Chinese garlic? India on alert. Why it is harmful for you
Indian authorities have intensified efforts to curb Chinese garlic smuggling amid rising prices. Concerns over pesticides, fungus, and harmful treatments on Chinese garlic lead to increased vigilance. A US Senator had also raises food safety issues with Chinese garlic
IndiGo pilot temporarily blinded by laser beam moments before landing at Kolkata airport
A powerful laser beam intruded the cockpit of an IndiGo flight from Bengaluru to Kolkata, blinding pilots moments before touchdown. The incident, which endangered 165 passengers and six crew members, has prompted calls for action from airlines and pilots, urging the Bidhannagar Police to take strict measures against the misuse of lasers near airports. Authorities are considering extending the ban on laser lights and drones to festive seasons and marriage ceremonies in the region to ensure flight safety.
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