INTER OPERABILITY
Retrofitting of inter-city diesel buses can generate over 50,000 jobs
Dr. Charan Singh and Davinder Sandhu emphasize the economic and environmental benefits of retrofitting. It offers a pragmatic solution for sustainable urban transport, driving economic revitalization and environmental improvements. Retrofitting leverages existing infrastructure while transitioning towards cleaner mobility, showcasing tangible progress in achieving sustainability goals.
Bureau of Immigration imposes Rs 1 lakh fine on Indigo for visa violations
In a mandatory regulatory filing, InterGlobe Aviation Limited, the parent company of Indigo has disclosed that the Bureau of Immigration which comes under the Ministry of Home Affairs has imposed a penalty of Rs 1 lakh over alleged visa-related violations. The airline received the communication regarding the fine on June 11.
Buy Navin Fluorine International, target price Rs 4135: ICICI Securities
Navin Fluorine International Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 17844.94 Crore) operating in Chemicals sector.
Pakistan's ISI honey traps get hyperactive on Indian social media
Pakistan's ISI has been luring Indian defence officials through spies posing as attractive women, with cases like Nishant Agrawal's leak of military secrets to Pakistan coming to light. Pankaj Awasthi, an Uttar Pradesh ATS officer, revealed during Agrawal's trial that 'Sejal' from Pakistan recruited Agrawal through social media, leading to the theft of classified information.
IndiGo promoters sell around 2% in airline
InterGlobe Enterprises, the promoter group of IndiGo, sold a 2% stake in the airline for over ₹3,367 crore to fund its ventures. The stake sale will be used for hospitality and corporate purposes.
InterGlobe Enterprises likely to sell 2% stake in IndiGo via block deal: Report
The stake sale is valued at approximately $394 million, with the promoter set to offload 77 lakh shares at ₹4,266 each. This transaction will be executed at a 6% discount to IndiGo's last closing price. The company's shares have had a healthy run so far this year with a gain of over 50% year-to-date.
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Chhattisgarh: Seven naxalites killed in encounter in Dantewada
A joint team of DRG from Narayanpur, Kondagaon, Dantewada and Jagdalpur along with the 45th Battalion of ITBP were out on anti-Maoist operation in the Abujhmad area when the Maoists opened fire on the forces and the attack was swiftly retaliated, police said.
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.
Sebi mandates direct transfer of securities by clearing corporations to Demat accounts
The proposed change seeks to streamline operations and mitigate risk by directly crediting securities payouts to clients' Demat accounts, bypassing the broker's pool account.
InterGlobe shares down 9.09% as Sensex falls
A total of 57,530 shares changed hands on the counter till 12:22PM (IST)
India's air taxi plan gets going, work begins towards 2026 take-off; fares to be only slightly higher than Uber's?
In a game changer for urban mobility in India, aviation authorities have set a keenly-watched air taxi plan in motion. US manufacturer Archer has been onboarded for the big project and a 2026 start is being eyed by the DGCA. A major good news is that the service is unlikely to burn a hole in the traveller's pocket.
InterGlobe shares down 3.26% as Sensex falls
A total of 40,654 shares changed hands on the counter till 01:54PM (IST)
Accumulate InterGlobe Aviation, target price Rs 4667: Prabhudas Lilladher
InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) and Other Operating Revenue for the year ending 31-Mar-2022
IndiGo draws upgrades with focus on yields even as it adds capacity
During FY22 and FY24, IndiGo has been following a clear strategy of expanding capacity at a brisk pace and boosting yield - revenue per km per paid passenger. During this period, the airline has been adding capacity in the range of 22-63% on a year-on-year basis. In the same period, yield jumped 19% to ₹5.08 per kilometre in FY24.
Domestic airfares on northward trajectory; still among lowest globally: Experts
Domestic airfares in India have surged up to 40% in key routes due to higher traffic and capacity constraints in the last six quarters. India is one of the world's fastest-growing civil aviation markets, with an average of 4.5 lakh passengers daily. However, capacity constraints are a key challenge as many aircraft are grounded due to supply chain issues. Aviation consultancy firm CAPA India reported that average fares on the top 20 domestic routes had not moved significantly in nominal terms for the last two decades, until the last six quarters.
Kolkata Port announces suspension of operations on Sunday night amid cyclone alert
Kolkata's Syama Prasad Mookerjee Port to halt cargo operations for 12 hours due to a cyclonic storm. Safety measures in place for dock workers' well-being.
Eight Naxalites killed in encounter with security personnel in Chhattisgarh
Security personnel in Chhattisgarh killed eight Naxalites in an operation along the Narayanpur-Bijapur border. Seven Maoists were shot dead on Thursday, while one was killed today. After an initial encounter, a gunbattle ensued when Naxalites fired on a patrolling team. This brings the total number of Naxalites killed this year to 113.
InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192
InterGlobe Aviation, the parent company of IndiGo Airlines, witnessed a significant uptick in its stock price on Friday, with shares climbing almost 3% on the BSE to reach a new 52-week high of Rs 4,520. This surge followed a more than doubling of the company's Profit After Tax (PAT) to Rs 1,895 crore in the fourth quarter.
Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25
Pieter Elbers, CEO of InterGlobe Aviation, highlights IndiGo's unique position with over 50 planes delivered annually. Q4 revenue drivers include Indian market growth and strategic initiatives. He discusses the seasonally weak Q4 yields and predicts similar revenue environment for Q1 FY25. Elbers says their strategy is starting to take shape and resonating very well for all the different initiatives.
InterGlobe Aviation Q4 Results: PAT more than doubles to Rs 1,895 crore; revenue up 26% YoY
InterGlobe Aviation, the parent company of India's leading airline, IndiGo, reported a significant 106% year-on-year (YoY) increase in its consolidated net profit for the fourth quarter. The profit surged to Rs 1,895 crore, compared to Rs 919 crore in the same quarter of the previous year.
Indian origin hotel investors increasing in overseas markets
Accor opened Raffles London at The OWO, London’s most expensive hotel owned by the Hinduja Group, expressing gratitude to the Hindujas for the partnership.
Indian delegation holds talks with key entities in UAE on IMEEC
Indian delegation visits UAE to discuss the India-Middle East-Europe Economic Corridor (IMEEC) within 3 months of signing the Framework Agreement. Both sides prioritize cooperation and empowerment for the strategic project aiming at efficient supply routes, cost reduction, job creation, and reducing greenhouse gas emissions.
Meghalaya: India-France Joint Military Exercise SHAKTI begins at Umroi
India-France Joint Military Exercise SHAKTI at Umroi, Meghalaya includes tactical drills, Joint Command Post, Intelligence Centre. Indian contingent: RAJPUT Regiment, Navy, Air Force. French contingent: 13th DBLE. Promotes inter-operability, camaraderie between armed forces of both nations.
India-France joint military exercise 'Shakti' commences in Meghalaya
The 7th edition of the India-France Joint Military Exercise "Shakti" is starting on May 13 at the Joint Training Node in Umroi, Meghalaya. It aims to boost the joint military capabilities of both nations for Multi-Domain Operations in sub-conventional scenarios. The exercise, from May 13 to 26, was inaugurated by Thierry Mathou, France's Ambassador to India, and Major General Prasanna Sudhakar Joshi. It involves 90 personnel from each side, focusing on operations in semi-urban and mountainous terrain to enhance tactical skills and share best practices.
InterGlobe shares down 0.41% as Sensex falls
A total of 13,018 shares changed hands on the counter till 11:06AM (IST)
IndiGo in long haul for bigger market share
The company’s international expansion will be gradual given that the aircraft delivery is expected in 2027. A critical question is whether the airline will be able to retain the advantage of a low-cost carrier once it expands in international markets, which would increase its operating costs.
Buy IndiaMART InterMESH, target price Rs 3250: Anand Rathi
IndiaMART InterMESH Ltd. key Products/Revenue Segments include Income From Information Services for the year ending 31-Mar-2023.
Neutral on InterGlobe Aviation, target price Rs 4065: Motilal Oswal
InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 153685.13 Crore) operating in Airlines sector.
Inter-island flight connectivity to Shibpur, Car Nicobar in Andaman to start in July: Official
Terminal buildings completed at Shibpur, Car Nicobar to enhance connectivity. Flight operations starting in July with a 19-seater aircraft connecting Port Blair, Shibpur, Car Nicobar. Emphasis on economic growth through tourism and trade.
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