SpiceJet results indicate a good flight for investors

The SpiceJet Ltd stock touched an intraday high of Rs139 on BSE on Wednesday, rising 7.5% over the previous day’s closing. Investors cheered the airline’s December quarter results, with the company clocking a net profit of Rs240 crore, exceeding analysts’ estimates. Earnings before tax and exceptional items increased as much as 68%. What helped? It’s […]

Three Air India entities making profit: Government

As many as three Air India group entities are profitable, with low-cost arm Air India Express garnering the maximum profit, the government said on Tuesday. The Union Cabinet has approved disinvestment of Air India and the government aims at completing its sale by year-end. “Two subsidiaries of Air India namely, Air India Express Limited, Air […]