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Brokerages prune FY18 estimates

19h thehindubusinessline
While India Inc’s performance was expected to be muted in the June 2017 quarter and expectations were already modest, the actual performance has been far more disappointing, according to brokerage firms. Nifty 50’s net profit declined 11 per cent year-on-year in Q1 versus an expected drop of 1 to 6 per cent.

Shares succumb to broader selling pressure

2017-08-18 indiainfoline
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in “National Do Not Call Registry” as laid down by “Telecom Regulatory Authority of India” will not be applicable for such information/ communication.

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UPDATE 1-India's IndiGo grounds eight planes amid reports of engine problems

2017-08-18 reuters
NEW DELHI, Aug 18 (Reuters) - India's biggest airline, IndiGo, said on Friday it had grounded eight Airbus A320 neo jets, in comments that came after local media attributed the action to issues with Pratt and Whitney-made engines in the aircraft.

Market tumbles on negative global signals

2017-08-18 indiainfoline
By clicking on submit button, you authorize IIFL & its representatives & agents to provide information about various products, offers and services provided by IIFL through any mode including telephone calls, SMS, letters etc. . you confirm that laws in relation to unsolicited communication referred in “National Do Not Call Registry” as laid down by “Telecom Regulatory Authority of India” will not be applicable for such information/ communication.

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India: IndiGo Air Grounds 8 Planes Amid Reports of Engine Problems | Fortune.com

2017-08-18 fortune
India's biggest airline, IndiGo, said on Friday it had grounded eight Airbus A320 neo jets, in comments that came after local media attributed the action to issues with Pratt and Whitney-made engines in the aircraft.

InterGlobe Aviation falls 2% as IndiGo grounds some planes again after engine issues

2017-08-18 moneycontrol
InterGlobe Aviation shares dropped more than 2 percent intraday Friday after a media report indicated that its budget carrier IndiGo grounded some planes and cancelled over 80 flights due to engine issues.

Indian airline IndiGo grounds 13 planes after engine issues - TV channels

2017-08-18 reuters
NEW DELHI, Aug 18 (Reuters) - India's biggest airline, IndiGo, has been forced to ground 13 planes and cancel 84 flights because of issues with its Pratt and Whitney made engines on its Airbus A320 neo aircraft, Indian TV channels reported on Friday.

Market tumbles to fresh intraday low

2017-08-18 indiainfoline
Key benchmark indices extended slide and hit fresh intraday low in afternoon trade as European stocks edged lower in early trade there. At 13:18 IST, the barometer index, the S&P BSE Sensex, was down 406.99 points or 1.28% at 31,388.47. The Nifty 50 index was down 112.60 points or 1.14% at 9,791.55. Bulk of todays steep market slide was triggered by an over 10% slump in shares of index heavyweight and IT major Infosys.

Engine issues in A320 Neo planes, IndiGo cancels 84 flights

2017-08-18 thehindubusinessline
InterGlobe Aviation—run budget carrier IndiGo today cancelled over 80 flights as the airline grounded more Airbus A320 Neo (new engine option) planes due to engine issues.

IndiGo cancels 84 flights after engine issues: report

2017-08-18 livemint
New Delhi: India’s biggest airline, IndiGo, has been forced to ground 13 planes and cancel 84 flights because of issues with its Pratt and Whitney made engines on its Airbus A320 neo aircraft, Indian TV channels reported on Friday.

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IndiGo grounds 13 planes after engine issues - TV channels

2017-08-18 in.reuters
NEW DELHI (Reuters) - India's biggest airline, IndiGo, has been forced to ground 13 planes and cancel 84 flights because of issues with its Pratt and Whitney made engines on its Airbus (AIR.PA) A320 neo aircraft, Indian TV channels reported on Friday.

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IndiGo grounds 13 neo planes, cancels 84 flights over engine issues: Report

2017-08-18 business-standard
India's biggest airline, IndiGo, has been forced to ground 13 planes and cancel 84 flights because of issues with its Pratt and Whitney made engines on its Airbus A320 neo aircraft, Indian TV channels reported on Friday.

Air India gets Rs927 crore from the government

2017-08-14 livemint
New Delhi: The government has infused another Rs927 crore into state-run Air India Ltd this month as part of a fund infusion agreed upon almost a decade ago, and which it has promised to continue even as it works towards selling part of its stake in the airline.

Market Week Ahead: After 1,112-pt Sensex correction, keep an eye on these 10 factors

2017-08-13 moneycontrol
The market snapped a five-week winning streak and fell sharply by more than 1,100 points on the Sensex, weighed by geopolitical tensions surrounding around North Korea and disappointing earnings.

Grounding of IndiGo, GoAir aircrafts: P&W to resolve engine issues by Sept

2017-08-03 business-standard
Pratt & Whitney has told the Indian government that it will by September resolve technical glitches that have affected its engines and hurt operations of two Indian airlines, an official at the country's aviation regulator said on Thursday.

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Pratt & Whitney tells India will resolve engine issues by September: official

2017-08-03 reuters
NEW DELHI (Reuters) - Pratt & Whitney has told the Indian government that it will by September resolve technical glitches that have affected its engines and hurt operations of two Indian airlines, an official at the country's aviation regulator said on Thursday.

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Pratt & Whitney tells India will resolve engine issues by September - official

2017-08-03 in.reuters
NEW DELHI (Reuters) - Pratt & Whitney has told the Indian government that it will by September resolve technical glitches that have affected its engines and hurt operations of two Indian airlines, an official at the country's aviation regulator said on Thursday.

India Inc’s financial performance dwindles in run-up to GST in June quarter

2017-08-03 thehindubusinessline
India Inc’s financial performance so far reflects the disruption created on account of companies adhering to the goods and services tax, which got effective July 1.

Realty stocks witness mixed trend

2017-08-03 indiainfoline
Key benchmark indices languished in negative terrain in afternoon trade as private survey showed that Indias services activity slumped in July. At 13:24 IST, the barometer index, the S&P BSE Sensex, was down 166.52 points or 0.51% at 32,310.22. The Nifty 50 index declined 44.75 points or 0.44% at 10,036.75. Weakness in global stocks also weighed on sentiment.

Market Live: Sensex falls over 100 points, Nifty below 10,100 as RBI cuts repo rate by 25 bps

2017-08-02 moneycontrol
3:10 pm Market Check: Benchmark indices trimmed some of its losses and moved rangebound in the post noon session, with the Nifty continuing its trade below 10,100.

Market Live: Indices trim gains from opening tick, Nifty flat; Hero Moto up 2%

2017-08-02 moneycontrol
10:49 am Market Outlook: HDFC Securities is placing its bet on consumption sector going forward on the basis of strong rural story in the next two years. “Good monsoon, government spending in the upcountry, among others, will help it…rural story is going to be fabulous in the next two years,” Dipen Sheth, Head- Institutional Research, HDFC Securities told CNBC-TV18 in an interview.

Airfare sale: IndiGo offers ticket at Rs 1,111 to mark its 11th anniversary

2017-08-02 moneycontrol
Domestic carrier IndiGo, operated by InterGlobe Aviation, is offering special fares starting Rs 1,111 including taxes for the next five days to mark its 11th anniversary this month.

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