Indian airlines resumed domestic operations from May 25 after being grounded for two months
During the analysts' call post Q1FY21 results, Ronojoy Dutta, chief executive officer of the airline had said that the airline was working on the sale and lease back of their unencumbered assets
Despite the Covid-19 pandemic, analysts say the Indian aviation sector holds promise from a long-term perspective and that the macro-economic factors remain conducive
The airline recouped morning losses and was trading 1.73 per cent higher ahead of its Board meeting, scheduled for later today, to consider raising Rs 2,000 crore
The company said closure of scheduled operations till May 24, 2020 and lower capacity deployment thereafter on account of Covid-19 significantly impacted the quarterly results
Analysts at Centrum Broking estimate the airline to clock a net loss of Rs 2,672.6 crore driven by low traffic volume, low fleet utilisation and poor coverage of fixed costs
The expiry of derivative contracts of the July series tomorrow may keep today's session volatile
TITAN has been trading within 940-1030 zone for almost one and a half months, taking a pause after a sharp rebound
InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend
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'