Morning Digest | PM Modi, President Xi call for speedy disengagement along LAC; Trump arrested in Georgia racketeering case, and more

Morning Digest | PM Modi, President Xi call for speedy disengagement along LAC; Trump arrested in Georgia racketeering case, and more

Prime Minister Narendra Modi and Chinese President Xi Jinping engage in a brief interaction at the 15th BRICS Summit, in Johannesburg on August 25, 2023. | Photo Credit: ANI Trump arrested in Georgia racketeering case Former U.S. President Donald Trump was arrested at a Georgia jail on August 24 on racketeering and conspiracy charges for … Read more

SpiceJet Q1 Results: Airline swings to profit of Rs 198 crore from loss YoY on lower expenses

SpiceJet Q1 Results: Airline swings to profit of Rs 198 crore from loss YoY on lower expenses

Budget carrier SpiceJet swung to a first-quarter profit on Monday as lower expenses more than offset a fall in revenue. SpiceJet reported a consolidated net profit of Rs 197.64 crore for the quarter ended June 30, 2023, versus a net loss of Rs 783.72 crore in the year-ago period. The company simultaneously announced its March … Read more

Sensex extends losses to 6th session, investors get poorer by Rs 74,830 cr this week

Sensex extends losses to 6th session, investors  get poorer by Rs 74,830 cr this week

In tune with most of the Asian peers, Indian equity indices closed in the red for the sixth consecutive day on Friday, dragged by the HDFC twins, banking and IT stocks. It was their worst week in over 8 months on fears of aggressive interest rate hikes by global central banks and a fall in … Read more

Can demand revival pave the way to profitability for IndiGo?

Can demand revival pave the way to profitability for IndiGo?

Synopsis As the economy opened and operations resumed partially, fuel price and other expenses were higher than the revenue the company was generating, resulting in losses for FY21 and FY22. The latest results — for Q1FY23 — showed a significant spike in revenue, at Rs 12,855 crore, which shows an increase in demand (QoQ basis). … Read more

How risky are flights after a bird strike? Here’s all you need to know

How risky are flights after a bird strike? Here’s all you need to know

There were two major bird strike incidents on June 19th with two different flights. While one involved the Patna-Delhi SpiceJet, the other was an IndiGo plane from Guwahati to Delhi. Both flights had to return to their original airports for maintenance. DGCA on Sunday said that the bird strike resulted in the failure of engine … Read more

SpiceJet to operate 37 special flights between India and Saudi Arabia for Haj pilgrims

SpiceJet to operate 37 special flights between India and Saudi Arabia for Haj pilgrims

SpiceJet on Thursday said it will operate 37 special flights between India and Saudi Arabia till July 31 for Indian Haj pilgrims who will visit Islamic pilgrimage sites in Mecca and Medina. “The special flights from Srinagar will depart for Medina between June 5 and June 20. Return flights from Jeddah to Srinagar are scheduled … Read more

Airline sector seeing revival, expects 40 crore passenger traffic by FY24, says Aviation Minister Jyotiraditya Scindia

Airline sector seeing revival, expects 40 crore passenger traffic by FY24, says Aviation Minister Jyotiraditya Scindia

Scindia further said that at a time when the airline industry world over is facing turbulence, two new airlines, Jet and Akasa, will soon launch their services. As many as 3.82 lakh passengers undertook air travel daily in the last seven days, giving hopes of revival of the sector scarred by Covid-19, Civil Aviation Minister … Read more

SpiceJet plans to introduce drone delivery service for vaccines, essential goods – ET HealthWorld

spicejet plans to introduce drone delivery service for vaccines essential goods

SpiceJet on Saturday said it plans to introduce drone delivery service to transport vaccines, life-saving medicines and essential goods. The budget carrier said it has partnered with Throttle Aerospace for more than 50 customised high-end drones, while Aeologic will provide the drone software management. In a statement, SpiceJet said, it plans to introduce customised drones … Read more

More confident now of making hydrogen-powered zero-emission planes by 2035: Airbus CEO

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Airbus is more and more confident now of achieving its goal of making hydrogen-powered zero-emission commercial aircraft by 2035 but various challenges such as finding the right fuel in the right quantity have to be resolved, said its CEO Guillaume Faury on Wednesday. Exactly one year back, Airbus had revealed concepts of new hydrogen-powered zero-emission … Read more

Delhi records minimum temperature of 23.4 degrees Celsius today; light to moderate rain likely during the day

monsoon in delhi

The relative humidity was recorded at 94 per cent in the morning Delhi rains: The national capital on Sunday recorded a minimum temperature of 23.4 degrees Celsius, which is one notch below the season’s average, the India Meteorological Department noted today. It further said that the relative humidity was recorded at 94 per cent in … Read more