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Nomura sees IndiGo emerging stronger from fuel shock; initiates Buy with Rs 6,000 target
Nomura initiated coverage on InterGlobe Aviation with a Buy rating and a Rs 6,000 target price, implying around 20% upside from the September 30 close. It believes IndiGo’s low-cost model, large aircraft order book and expanding international network could strengthen its competitive edge despite elevated fuel prices.
RBI Rate Hike Debate: Inflation and crude fuel calls for October move; but what about growth costs?
To begin with, the inflation trajectory, at least until now, has largely tracked the RBI's own projected path. Unless crude prices durably reset the RBI's forward expected inflation trajectory, it is difficult to justify a hike now that the RBI itself did not deem necessary when it published its August projections…
U.S. military says its withdrawal of troops from Iraq complete
Iran, which says its ultimate aim is to force American forces to leave the entire West Asia, casts the U.S. withdrawal from Iraq as a victory for its “axis of resistance” of allied armed groups across the region
Q2 business update impact: PNB, Bank of Baroda, AU Small Finance Bank shares jump up to 4%. What lies ahead?
Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank rose up to 4% after strong Q2 business updates. Deposits and advances recorded robust year-on-year growth across the lenders, boosting investor sentiment. Analysts expect loan growth momentum to continue, though near-term margins could remain…
Kim Jong Un oversees AI missile launch; North Korea claims manoeuvring capabilities
North Korea has successfully launched a missile utilizing artificial intelligence, showcasing its ability to maneuver mid-flight. This advanced missile exhibited unique features, such as maintaining a low-altitude and unpredictable trajectory. Kim Jong Un monitored the test, aiming to bolster the nation’s missile…
SIR row: Supreme Court refuses to pass interim order on suspending CEC Gyanesh Kumar, issues notices to EC, Centre
Plea in SC to suspend CEC Gyanesh Kumar: A Supreme Court bench headed by Chief Justice of India Surya Kant issued notice to the Election Commission of India, seeking its response on the allegations made in the plea.
Bappi's grand son Rego B on the late singer's songs in 'Dhurandhar' and 'The Raja Saab'
Rego B, who is inspired by his grandfather Bappi Lahiri, released his first single 'Chand' recently. Bappi Lahiri's timeless music continues to resonate in contemporary cinema, showcasing its lasting appeal. Rego expresses pride in his grandfather’s international collaborations, which highlight their significant…
Soori starrer 'Mandaadi' earns Rs 150 crore worldwide
Soori's film 'Mandaadi' has impressively grossed over Rs 150 crore globally within just 25 days of its release. The Tamil Nadu collections alone surpassed Rs 100 crore, highlighting its remarkable achievement. The production company's joyous announcement named 'Mandaadi' as the year's biggest blockbuster. Suriya,…
BCCI appoints ex-national selectors to pick Bihar's teams
The BCCI has deputed two three-member selection committees to Bihar to pick its senior and junior teams. Former India selectors Harvinder Singh and Sridharan Sharath are part of the senior panel for the Ranji Trophy, while another committee will select Under-16, Under-19 and Under-23 teams. Bihar, promoted to the…
Bengaluru-Mumbai Vande Bharat sleeper set to cut 24-hour journey to under 16
The country's second Vande Bharat sleeper service is expected to substantially reduce the time taken to travel by rail between Bengaluru, India's technology hub, and Mumbai, its financial capital. Although the official launch date has not yet been declared, the railway zones have been asked to commence the service at…
Premier League Launches First-Of-Its-Kind 'Premier League Park' In Delhi
The Premier League has launched 'Premier League Park', a first-of-its-kind destination in India, in Chattarpur, New Delhi, with the facility aiming to bring the football community closer to the Premier League by creating more opportunities to watch, play and experience the game.
IndiGo to hike fuel surcharge for flights from 6 October - here is how it will affect your travel plans
IndiGo Airlines on Monday announced a revision to fuel charges across its domestic and international routes, with the new charges taking effect for all bookings made after 1 am on Tuesday, 6 October.