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Regional airports found wind beneath their wings in FY24
India's hinterland air travel surged last year, driven by civil aviation ministry data and government schemes. Airports like Diu, Pantnagar, Tezpur, and Prayagraj saw significant growth, boosted by the Udan scheme and low fares. IndiGo and other airlines expanded services, with CFO Gaurav Negi highlighting the importance of regional routes for broader networks.
Aviation market big enough for Akasa Air to succeed, says CEO Vinay Dube
As Akasa Air expands domestically and internationally, CEO Vinay Dube focuses on service excellence and cost leadership, rather than competition. With a fleet of 24 Boeing 737 MAX planes and over 900 weekly flights, the airline aims for profitability while planning further growth. Ancillary services and pilot satisfaction remain key priorities.
Thermal plant load factor to remain healthy at 70 pc in FY'25 on power demand growth of 6 pc: ICRA
ICRA projects a stable outlook for the thermal power segment with a 70% thermal plant load factor expected in FY2025, driven by 6% power demand growth.
10 Best Front Load Washing Machines in India (June 2024) for Ultimate Efficiency
Experience the epitome of laundry convenience with this list of the best-selling front load washing machines. Crafted by renowned brands such as LG, Samsung, IFB, and Bosch, these appliances represent the pinnacle of innovation and efficiency in laundry care. From cutting-edge AI-powered features to energy-saving technologies and advanced wash programs, these best front load washing machines cater to diverse household needs. With capacities ranging from compact to spacious, they accommodate various family sizes and lifestyles.
Best Fully Automatic Top Load Washing Machines under Rs. 20,000 in India
Washing machines have become an essential part of our homes and choosing one that fits in a budget and provides uncompromising features and performance is a task. Capacity, user-friendly operation, warranty, and performance are important factors to remember while picking a washing machine that fits your needs and requirements.This article covers various options with detailed specifications and performance analyses to give you recommendations for the best fully automatic washing machines in India under 20000.
Akasa Air well on path to profitability; will launch more intl flights: Co-Founder Aditya Ghosh
Akasa Air, co-founded by Aditya Ghosh, is progressing towards profitability and expanding its reach to South and Southeast Asia. In under two years, the airline has grown to a fleet of 24 planes with over 4,000 employees. Ghosh emphasizes a customer-focused, consistent approach to operations and plans further international and domestic expansions.
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Malaysia Airlines bets big on Indian non-metro cities
Malaysia Airlines is facing challenges in expanding its operations in India due to a shortage of flying rights. The airline has exhausted its rights to Indian metros and is now planning to increase frequency from Amritsar to seven flights per week from August. The airline has also started flights from Trivandrum and Ahmedabad.
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.
FII action, rupee movement among 11 factors to set D-Street mood this week
Nifty closed the week with a 2.2% increase despite notable ups and downs, as seen in the India VIX reaching a 52-week peak with almost a 10% rise over four sessions. As trading resumes next Monday, numerous significant local and international events scheduled throughout the week are anticipated to influence market dynamics.
NTPC Q4 Results: Net profit jumps 33% YoY to Rs 6,490 crore; dividend declared at Rs 3.25 per share
State-owned power giant NTPC on Friday posted a 33 per cent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter, mainly on the back of higher revenues. The company had reported Rs 4,871.55 crore consolidated net profit in the quarter ended March 2023, a BSE filing said.
IndiGo announces foray into business class after record profit
IndiGo said that business class will be available on the busiest routes of the country which sees heavy corporate traffic and will be operational before the end of this year. Coming August, around IndiGo’s anniversary, more details on product offering, launch date and routes will be unveiled.
Can't pay mutual fund SIP? Missing SIP installment attract hefty penalty; how to decide when to pause or stop SIP
Mutual fund SIP: What happens when you miss your mutual fund SIP installment due to insufficient balance? Do you have to pay a penalty if you don't have money in your bank account to pay your SIP installment? If you can't afford to continue a SIP, should you pause it or exit — how can you make that decision? ET Wealth Online spoke to several experts to find out how to decide when to pause your SIP and when to stop it.
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, predicting that thermal plant load factors (PLFs) will remain healthy due to a demand-supply mismatch. The agency believes that the overall plant load factor of thermal power plants will improve to reach closer to 70% in FY25. This is due to higher power demand, domestic coal production ramp-up, slower capacity additions, and dependence on coal-based generation until sufficient storage capacity is built up for the energy transition towards renewables.
Election, Q4 earnings, and FII flows among 10 factors that will steer D-Street this week
Over 530 BSE-listed companies will announce their March quarter earnings this week, including DLF, GIC Housing Finance, INOX India, Jindal Steel & Power, Varun Beverages, Zomato, Bharti Airtel, Bharti Hexacom and Colgate-Palmolive (India).
Axis Mutual Fund launches Axis Nifty Bank Index Fund
Axis Nifty Bank Index Fund aims to track the Nifty Bank TRI, providing investors with a mechanism to participate directly in the growth narrative of leading Indian banks, the fund house said in a release.
US Fed FOMC, Q4 earnings, FII action among 10 factors to set D-Street mood this week
Nifty gained 2% weekly but declined Friday due to US inflation concerns, geopolitics, FIIs selling. Markets closed May 1 for Maharashtra Day. Key factors to watch include US Fed FOMC, Q4FY2024 earnings, and technical factors. "Going ahead, FII activity remains a key factor to watch especially considering their already low holdings in the Indian market."
Israel-Iran conflict, Q4 earnings among 11 factors that will steer D-Street this week
The upcoming week promises to show top action with the Iran-Israel conflict taking center stage along with the earnings season which kicked off with the announcement of earnings by TCS. Oil prices, China GDP data, US retail sales figures, and movements in US bond yields and the dollar index will be important macroeconomic events that may influence market sentiments
Global cues, Q4 earnings, FII flows among six factors to set Dalal Street trajectory this week
After a positive start, the market outlook remains optimistic for the upcoming holiday shortened week. Stock markets will be closed on Thursday for Eid-Ul-Fitr, with investors keeping an eye on global signals. 'The upcoming week kicks off the earnings season, with attention on IT giants first,' says Ajit Mishra, SVP - technical research at Religare Broking.
A $2 billion airport will test Modi’s mission, Adani’s ambitions
In many ways, the Adani Group-helmed $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its Prime Minister Narendra Modi seeks to outrun China. For Gautam Adani, it’s a test of whether he can put India on the global aviation map.
SpiceJet's Chief Commercial Officer, several members resign, airline confirms
Indian airline Spicejet has confirmed that several members of its commercial team, including the Chief Commercial Officer, have left the company with immediate effect. This move is part of SpiceJet's strategic restructuring plan.
Indian airlines expected to report lower net loss of Rs 3,000-4,000 crore this fiscal: Report
Among other things, the Indian aviation sector has also been grappling with supply chain challenges and issues related to Pratt & Whitney (P&W) engines.
12 Best-Selling Washing Machines in 2024: Effortless Laundry with the Top-Selling Washing Wonders
Delve into the latest trends and innovations shaping the laundry landscape as we present this curated list of top-selling washing machines, highlighting their cutting-edge features, energy efficiency, and user-friendly designs. Explore the market leaders that have garnered acclaim for delivering not just clean clothes but an effortless laundry experience. Whether it's advanced technology, optimal capacity, or sleek aesthetics, these best-selling washing machines in India cater to all your diverse needs.
CERC proposes sops for higher PLF in peak hours by 10p
For thermal plants older than 25 years, the special allowance is proposed to be raised to ₹10.75 lakh per MW per year against ₹9.5 lakh per MW a year.However, the Central Electricity Regulatory Commission (CERC) has proposed to slash the return on equity for new transmission projects commissioned after April 2024 by 50 basis points to 15%. This could be," marginally negative" for Power Grid Corporation of India, according to industry experts.
India Inc loads up on privately placed debt like never before
Fund mobilisation through corporate bonds that are privately placed has hit a record ₹8.97 lakh crore in 2023, with three weeks left in the year. Fund managers attribute the unprecedented mobilisation to the heightened demand for credit driven by increased economic activity amid faster-than-expected growth, coupled with the low cost of funding.
Global outlook remains bleak; India's premium to the world will remain elevated: Neelkanth Mishra
“For all of this year, Nifty's performance has been driven by EPS upgrades which is mostly because of roll forward issues and the PE multiple has actually declined. The market performance is increasingly being driven by roll forward gains on EPS and so I think the Indian market will time correct.”
Domestic power demand to grow by 7 pc in FY24: Fitch
India's domestic power demand is expected to rise by 7% in 2023-24 due to robust industrial activity, according to Fitch Ratings. The report also predicts that receivable days for Fitch-rated gencos will further shorten in the near term. The strong power demand should keep the average thermal power plant load factor above 60%
Government launches fifth round of regional air connectivity scheme
Civil Aviation Minister Jyotiraditya Scindia said this new and stronger version of the scheme will raise the momentum, connecting new routes and bring us closer to the target of operationalising 1,000 routes and 50 additional airports, heliports and water aerodromes in the near future.
Domestic aviation industry on recovery path; passenger traffic 60% higher in FY23
Despite remaining 4% below pre-pandemic volumes of 14.15 crore, domestic air passenger traffic has increased by almost 60% YoY, logging in at around 13.60 crore in FY23, according to ICRA. The overall airlines' capacity deployment for FY23 was higher by 38% compared to FY22, while last month's deployment was around 7% better than pre-COVID levels of March 2019. However, the domestic aviation industry is still hampered by the high cost of aviation turbine fuel and the rupee's depreciation against the US dollar, which impacts airlines' cost structures. The industry's profitability margins will depend on ensuring fare hikes proportionate to input cost increases.
Domestic air traffic records 66.73% growth in January-June period
Aviation traffic in the country is growing continuously, with DGCA data showing that passengers carried by domestic airlines grew 66.73 per cent from 343.37 lakh to 572.49 lakh in the January to June period.
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