Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS
The airline will deploy 60% more capacity in FY23 than in FY22 when it had to curtail operations in April due to surge of Delta variant and in Dec-Jan due to Omicron
India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.
Stocks to Watch: The US markets suffered the biggest one-day sell-off in almost two years -Investors worry about inflation and its impact on earnings and prospects for monetary policy tightening
DGCA said it has issued a showcause notice to IndiGo after a fact-finding committee found the airline staff prima facie violated regulations in denying boarding to a specially-abled child
Though Covid has led to concerns about pilots' job prospects, flight schools believe that the situation will change soon and the choice of piloting as a profession will remain as lucrative as ever
Inclusion of BEI as part of upgrade and promotion comes in the backdrop of pilot unrest due to delay in restoration of pay cuts which were induced in phases during two years of the pandemic
The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in India after July 1, 2021 to be fitted with GAGAN equipment, a statement said
