Jet Airways Rises Over 4% As Board Decides To Meet On August 27 For Quarterly Results
Shares of full-service carrier Jet Airways Ltd rose as much as 4Â per cent in morning trade on Friday after the airline's board decided to meet on August 27 to approve financial results for the quarter ended June 30. At 11:08 am, shares in the company were trading at 305.25 with a gain of 4.80 points or 1.60 per cent. The airline had delayed its quarterly results earlier this month, sending its shares to a three-year low, reported news agency Reuters.
The airline, which is partly owned by Etihad Airways, has been facing financial troubles, although it said earlier this month that it remains confident of being able to cut costs and keep flying despite reports that it had warned staff it was running out of cash.
Jet Airways currently operates flights to 66 destinations, including India and overseas. Beyond India, Jet Airways operates flights to key international destinations in South East Asia, South Asia, Middle East, Europe and North America. The Jet Airways Group currently operates a fleet of 120 aircraft, comprising Boeing 777-300 ERs, Airbus A330-200/300, the latest Boeing 737 Max 8, Next Generation Boeing 737s and ATR 72-500/600s, according to a press release issued by the carrier.
Meanwhile, the domestic stock markets started Friday's session on a green note, supported by broadly positive cues from the global markets. At 11:19 am, the S&P BSE Sensex traded at 37,969.99, up 306.43 points or 0.81 per cent and the broader Nifty50 was trading at 11,474.35, with a gain of 89.30 points or 0.78 per cent.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
