AI Express cancels 75 flights on Friday, expects normal ops by Sunday: Official
Air India Express on Friday cancelled around 75 flights due to cabin crew shortage and operations are expected to normalise by Sunday, an official said, a day after a section of the cabin crew called off their strike, that had resulted in significant operational disruptions. The revenue losses caused due to...
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Fairfax backed Go Digit to float IPO
Go Digit General Insurance Ltd, a firm backed by Canada-based Fairfax Group, is set to launch its initial public offering on May 15. The initial share sale will conclude on May 17 and the bidding for anchor investors will open for a day on May 14, according to the Red Herring...
Sensex tumbles over 1,000 points
Equity benchmark Sensex on Thursday crashed over 1,000 points while the Nifty dived below the 22,000 level due to across-the-board selloff amid general election uncertainties. Besides, persistent foreign fund outflows and heavy selling pressure in HDFC Bank, Larsen & Toubro and Reliance Industries weighed on investor sentiment, traders said. Declining for...
Household savings decline due to rising home, auto, personal loans
Household savings are estimated to have declined for the third year in a row in FY24 as liabilities on account of interest towards housing and vehicle loans have continued to rise, but the trend could reverse in 2024-25 on account of the impact of RBI’s curbs on personal loan. The net...
Air India Express cancels 85 flights due to cabin crew shortage
Air India Express on Thursday cancelled 85 flights or around 23 per cent of the total daily capacity as the disruptions due to the cabin crew shortage continue and said Air India will operate services on 20 of its routes to minimise inconvenience to passengers. In a significant decision, sources said...
TVS Motor shares climb over 6 pc after March quarter earnings
Shares of TVS Motor Company on Thursday climbed over 6 per cent after the company's consolidated net profit increased 15 per cent for the fourth quarter ended March 2024. The stock went up 5.73 per cent to Rs 2,121.30 on the BSE. On the NSE, it climbed 6.32 per cent to Rs...
Civil aviation ministry seeks report from Air India Express on flight cancellations
The civil aviation ministry on Wednesday sought a report from Air India Express on cancellation of flights amid a section of cabin crew members reporting sick to protest against alleged mismanagement at the airline. Nearly 90 flights have been cancelled by Air India Express since Tuesday night due to cabin crew...
PSUs not in disarray, but thriving under Modi regime: FM on Cong allegations
Finance Minister Nirmala Sitharaman on Wednesday said PSUs have suffered under the Congress-led UPA government and previously neglected ones like, the Hindustan Aeronautics Limited (HAL), have seen a 'resurgence' under the Modi government. Rebutting allegations by the Congress party and its leader Rahul Gandhi that state-owned companies are in a disarray,...
