INDIAN RAILWAY CATERING TOURISM CORPORATION LTD Q2 RESULTS
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
RBI may cut rates in December; bond market outlook turning positive: Bandhan AMC’s Suyash Choudhary
Amid global trade tensions, India's bond market outlook is improving. Suyash Choudhary anticipates potential RBI rate cuts due to contained inflation and growth uncertainties. He suggests that most negative factors impacting yields have subsided, creating attractive opportunities for fixed-income investors across the yield curve.
India plans to put large infra projects in fast lane
India is accelerating its infrastructure development with a focus on mega-projects like bullet trains, shipbuilding yards, and access-controlled highways, aligning with the Viksit Bharat 2047 vision. The government aims to boost economic growth through infrastructure creation, encouraging public-private partnerships to moderate spending. Ministries are directed to expedite project approvals, with a high-level committee reevaluating goals for faster clearances.
London Tube Strike: Underground services to resume on next Friday, Docklands Light Railway may remain closed on Tuesday, Thursday
London Tube has 272 stations and 11 lines that crisscross the city and its surrounding suburbs.
SpiceJet to unground 10 aircraft by April 2026, expansion underway to meet market demand
SpiceJet aims to restore grounded aircraft by April 2026, including several Boeing 737 NG, MAX, and Q400 planes. The airline has secured maintenance slots and dispatched engines for repair. SpiceJet received overhauled engines from StandardAero. SpiceJet raised funds and finalized a lease for ten Boeing 737s.
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
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Hy-Tech Engineers files draft red herring prospectus for IPO with SEBI
Hy-Tech Engineers is preparing to launch its IPO. The company has filed its draft prospectus with SEBI. The IPO includes a fresh issue of shares up to Rs 70 crore. Promoters will also offer 1,19,33,120 equity shares for sale. The company plans to use the funds for expansion and debt repayment. The shares will be listed on BSE and NSE.
13.79-km Shimla ropeway approved: Himachal Pradesh deputy CM
Himachal Pradesh is set to become a tourism hotspot. A 13.79-km ropeway project in Shimla gets the green light. The project costs Rs 1,734.70 crore. It aims to reduce traffic and emissions. Other ropeway projects are also underway in the state. These include Baba Balaknath temple ropeway and Bijli Mahadev ropeway. The Baglamukhi ropeway is already operational.
Russian tycoon Vladimir Potanin's ex-wife wins right to sue for £16 billion fortune in historic divorce case
Russian billionaire Vladimir Potanin’s ex-wife, Natalia Potanina, has won a major step in her long divorce battle. A UK court said she can sue in England for a share of his £15.7 billion fortune. The case is seen as historic and could become one of the biggest divorce settlements in the world.
Knack Packaging IPO: Company files DRHP with Sebi, to raise Rs 475 crore from fresh issue
Knack Packaging has filed its DRHP with Sebi to raise Rs 475 crore via a fresh equity issue, along with an OFS of 70 lakh shares. Proceeds of Rs 435 crore will fund a new manufacturing facility in Gujarat. Systematix, IDBI, and Pantomath are lead managers.
When the Dragon meets the Elephant: Building a win-win framework for both India and China
Following a five-year hiatus, Prime Minister Modi and President Xi Jinping met to recalibrate relations, emphasising stronger people-to-people ties and expanded trade. Addressing India's trade deficit is crucial, with potential for Chinese investment in Indian manufacturing. Collaboration in public health, tourism, education and infrastructure offers mutual benefits, requiring a clear road map for sustainable partnership.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
Tourism Boost: GST on hotel room tariffs under ₹7,500 cut to 5%
The Goods and Services Tax (GST) Council has decided to reduce tax rates on hotel rooms costing up to Rs 7,500 per day. The new rate is 5% without input tax credit. This decision aims to benefit budget and mid-market travelers. Nikhil Sharma from Radisson Hotel Group believes this will boost domestic tourism.
EaseMyTrip co-founder Rikant Pitti discusses enhanced India-Singapore tourism potential with visiting PM Wong
EaseMyTrip's Chairman Rikant Pitti discussed tourism opportunities between India and Singapore with Prime Minister Lawrence Wong, highlighting India's significant contribution to Singapore's tourism. Pitti emphasized the potential for growth in underserved tier-2 and tier-3 Indian cities, proposing initiatives like cruise circuits and a Joint Tourism Investment Fund. He envisions a substantial bilateral tourism economy by 2030, inviting collaboration from entrepreneurs.
Hotel stocks rally up to 50% in FY26: Will GST 2.0 give them an extra boost?
Hotel stocks surged up to 50% in FY26, fueled by strong demand, GST reform hopes, and expansion plans. Analysts remain bullish on Lemon Tree, Chalet, and Apeejay Park, citing rising room rates, reduced debt, and new projects. Seasonal travel and premium supply gaps further support the growth outlook.
JPMorgan to boost corporate banking in India on investment jump
JPMorgan's focus is on electric vehicles, data centers and solar energy sectors. These industries are increasing capital spending. JPMorgan sees India and Japan as its fastest-growing Asian markets. The bank expects continued growth despite tariff concerns. They aim to grow revenue by 30% annually. The expansion includes increasing domestic headcount.
ETMarkets Smart Talk: FIIs rotating to midcaps shows smart money chasing growth, says Aamar Deo Singh of Angel One
Aamar Deo Singh from Angel One highlights the market rally fueled by GST reforms and potential US Fed rate cuts. FIIs are shifting from largecaps to mid and smallcaps, targeting growth sectors like consumer discretionary and financials. Emerging themes such as AI, data centers, and semiconductors present long-term wealth creation opportunities in India.
CVC flags 23 cases of 'non-compliance' of its advice in corruption cases by govt departments; NHAI, BSNL, BRO & Prasar Bharti included
The Central Vigilance Commission has found that government departments diluted advice in 23 corruption cases. The Ministry of Railways had the most instances. Other entities like NHAI and BSNL also showed non-compliance. The CVC stressed that ignoring its advice weakens vigilance. The commission highlighted specific cases, including bribery at a railway hospital and irregularities at BSNL.
ETMarkets Smart Talk: Indian bonds to gain global standing after rating upgrade, says Kashyap Javeri
Emkay Investment Managers' Kashyap Javeri believes India's sovereign rating upgrade and inclusion in global bond indices will attract significant foreign portfolio inflows, enhancing its standing among emerging markets. While short-term allocations depend on global factors, sectors with export exposure and companies benefiting from lower capital costs stand to gain. Automobile, CDMO Pharma, and capital goods sectors present exciting investment opportunities.
Thomas Cook (India), SOTC Travel ink pact with Queensland Tourism
Thomas Cook (India) and SOTC Travel have partnered with Queensland Tourism to increase Indian tourism to the Australian state. The long-term agreement includes content creation, training, and joint marketing efforts. The goal is to promote Queensland as a destination for leisure, MICE, B-leisure, and sports tourism across various Indian markets.
Global debt inflows set to rise as India’s credit profile strengthens: LIC MF’s Pratik Shroff
India's sovereign rating upgrade is poised to attract stronger foreign capital inflows into its debt market, enhancing its risk profile and yield attractiveness. This shift could lead to broader inclusion in international bond indices, narrowing yield differentials with US Treasuries. Fixed income investors may benefit from increased demand for longer-duration sovereign bonds.
3 special trains left Jammu with over 1,500 stranded passengers, 54 trains cancelled
Northern Railways operated three special trains from Jammu, transporting over 1,500 stranded passengers due to ongoing rail traffic suspension. Fifty-four incoming and outgoing trains from Jammu and Katra were cancelled for Monday. Rail traffic between Kathua and Udhampur remains suspended due to misalignment and breaches, while the Katra-Srinagar-Katra track is operational.
Dedicated Freight Corridor registers 47% increase in train trips in 2024-2025
Freight train operations on the Eastern and Western corridors have increased significantly. There is a 47 percent rise in train trips. Officials say that vacant train trips are about 34 percent of the total. Container products, coal, and miscellaneous items are the top commodities transported. The Dedicated Freight Corridor Corporation of India Limited is taking initiatives for growth.
Explained: Nvidia Q2 results beat estimates. So why did the stock fall?
Nvidia earnings report: Nvidia topped Q2 estimates with record $46.7 billion revenue and a 59% profit jump, but shares fell as softer data center sales and cautious guidance sparked doubts about the AI rally’s durability.
India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?
The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.
Kolkata Port to develop Hooghly riverbanks, build terminal for river cruise
Syama Prasad Mookerjee Port-Kolkata is collaborating with IIT-Kharagpur to revitalize the Hooghly riverbanks and ghats, aiming to boost tourism. A master plan is underway to establish a river cruise terminal, similar to those in Varanasi and Assam.
Several passengers report issues with train ticket booking; IRCTC claims record e-ticket reservations
Several passengers encountered problems while booking train tickets on Tuesday. Users reported login and booking failures. Social media showed complaints about payment issues. Downdetector confirmed a spike in outage reports.
As IRFC shares sink 50% from peak, why scaling crucial resistance could be a tall order?
IRFC share price have significantly declined, falling 50% from their peak despite a double-digit increase in Q1 net profit. Technical analysis indicates a weak setup, with the stock struggling below the critical Rs 130 resistance level. Experts suggest reclaiming this level will be challenging, reflecting a broader downturn in railway stocks.
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