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Source: Live Mint At first glance, it appears that the worst may be over for the Indian stock market. After five consecutive months of losses, the benchmark Nifty 50 index has risen nearly 6% in March. This sharp rebound can be attributed to attractive valuations, improving macroeconomic conditions, and declining foreign capital outflows. Nifty 50…
Source: Live Mint India’s tourism sector has been on a recent high buoyed by three elements integral to Indian culture: religion, cricket, and music. To be more specific, the once-in-a-lifetime Maha Kumbh Mela; the Indian cricket team’s recent success, including the Champion Trophy title it won on Sunday; and concerts headlined by the likes of…
Source: Live Mint Amid the ongoing market downturn, veteran global fund manager Chris Wood of Jefferies has made adjustments to his India long-only portfolio. Portfolio Changes In his latest “GREED & FEAR” note, Wood announced the inclusion of InterGlobe Aviation Ltd., the operator of IndiGo, with a 4 percent weighting in the India long-only portfolio….
Source: Live Mint Share prices of paint companies remain under pressure, with Asian Paints, Berger Paints and Indigo Paints having declined up to 7% in the last five trading sessions. The concerns around the profitability of paint companies have increased with the depreciation in the rupee as that can lead to higher costs for petroleum…
Source: Live Mint IndiGo, the country’s biggest airline by market share, has operationalised its frequent flyer programme. The IndiGo BluChip loyalty programme rewards its flyers on every booking and the points earned can be used as cash in future bookings. Before BluChip, IndiGo had a 6E Rewards programme that was linked to co-branded credit cards…
Source: Live Mint Airline loyalty programs, also known as frequent flyer programs (FFPs), have gained popularity in the last few years. These programs allow the earning and redemption of loyalty points (airmiles) on flight bookings. Banks like Axis Bank, HDFC Bank, American Express, etc. allow their credit card users to transfer reward points to these…
Source: Live Mint InterGlobe Aviation Ltd’s shares lost about 7% on Monday after higher costs marred the airline’s September quarter (Q2FY25) results, leading to a worse-than-estimated net loss of ₹990 crore. Naturally, the poor show has triggered a cut in earnings estimates for FY25 and FY26. InterGlobe runs IndiGo, India’s largest airline. Jefferies India has…
Source: Business Standard 2 min read Last Updated : Oct 15 2024 | 7:29 PM IST IndiGo, India’s largest airline, on Tuesday stated that its corporate venture capital fund called “IndiGo Ventures” has received approval from the Securities and Exchange Board of India (Sebi). “This fund will invest in startups that have the…
