According to Prakash Gaba of prakashgaba.com, 9685 is under threat and only a move above 9860 would negate the down move. The crucial support for Nifty is at 9685 and the resistance is at 9860-9911. Bank Nifty on the other hand has support at 23750 and resistance at 24250.
The court, on Wednesday, set aside the Rs 100 per kg fee cap fixed by the Director General of Civil Aviation (DGCA) for excess checked-in baggage of 15-20 kg. Sources said the airline plans to increase the excess baggage fee to Rs 300 per kg from the current level of Rs 100.
Last month, the Supreme Court dismissed the appeals of the budget carrier challenging the Delhi High Court verdict asking it to deposit Rs 579 crore in connection with the share transfer dispute.
Aviation stocks like Jet Airways, InterGlobe Aviation and SpiceJet will get astrological support, says Satish Gupta of astrostocktips.
Low-cost airlines enabled millions of middle-class Indians to fly. Decades earlier, another set of unlikely fliers felt butterflies in their stomachs as they lifted off the tarmac for the first time.
Moving on to the aviation space, SpiceJet's CEO Ajay Singh has said that the airline will enter the long haul flight segment only if the move is profitable. Talking to media on the side-lines of the launch of a new course for training and skilling engineers started by the government and Boeing, SpiceJet CEO also reiterated that the airline is not in the race for Air India.
In a major setback to SpiceJet and Ajay Singh, Supreme Court today directed the airline to deposit a sum of Rs 579 crore in the Delhi High Court as it does not find enough merit in the challenge.
July 15 was the deadline for the airline companies to resolve among themselves on shift to the terminal; DIAL wants these airlines to shift their operations to T2 to undertake expansion of T1
Out of the total, budget carrier IndiGo is expected to add 136 aircraft while full service airline Vistara is likely to induct at least 5 planes during the period, as per details given by civil aviation minister Ashok Gajapathi Raju in a written reply to the Rajya Sabha.
Airlines are reluctant to shift their operations to T2 due to higher cost of operations there
Indian aviation sector witnessed double-digits passenger growth for the last 35 months with domestic passenger growth clocking at 20.2 percent YoY in June 2017 while the domestic load factor was at 86 percent.
The airline will operate a 78-seater aircraft for the route on which operations will commence from August 16.
Net Sales are expected to increase by 10.5 percent Q-o-Q (up 18.1 percent Y-o-Y) to Rs 1796.6 crore, according to Edelweiss. Spice Jet to report net profit at 181.7 crore up 21.9% year-on-year.
An IndiGo spokesperson said the right front window of its bus was broken from the impact of the blast. Five passengers who received minor injuries were taken to the airport clinic.
The dip in the investments in new projects can be attributed to the lack of any meaningful progress in getting stalled projects off the ground. Currently, projects worth Rs 11.72 trillion are stalled in the country.
Ruling out any plan to bid in the privatisation process of the national carrier, Ajay Singh, the Chairman and Managing Director of the low-cost airline, today said, "We are too small for that."
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial, IGL and Aurobindo Pharma.
The seven-day sale which ends on July 4 midnight is for travel between July 14, 2017 and March 24, 2018.
The Indian no-frills airline was lauded by US President Donald Trump for an order of 100 new planes with American aircraft manufacturer Boeing and the massive jobs this will create in the country.
Aviation stocks like Jet Airways, Interglobe Aviation and SpiceJet will get astrological support, says Satish Gupta of astrostocktips
In an interview to CNBC-TV18's Shereen Bhan, Ajay Singh, Chairman of SpiceJet spoke about the potential of the aviation sector in India.
The only headwind for the aviation sector is the infrastructure gap at main airports like Mumbai, Delhi and others like Goa, Pune etc., but on the whole, the current environment is conducive for growth, says Amber Dubey of KPMG.
The airline has awarded a seat programme for its first 50 Boeing 737 MAX aircraft. A part of SpiceJet's existing Boeing 737 Next Gen fleet will also be retrofitted with the new seats.
SpiceJet, which has drawn up ambitious expansion plans, has signed a letter of intent with Bombardier Commercial Aircraft to buy up to 50 Q400 turboprop aircraft.