On April 1, Vistara said it was reducing operations due to the non-availability of crew and other operational reasons. A day later, aviation watchdog DGCA asked the airline to submit a daily report on flight cancellations and delays.
Vistara to stabilise flight operations, over 98 per cent pilots signed new contract, said CEO Vinod Kannan.
The board also approved an increase in the authorised share capital of the company from existing Rs 75,000 crore, divided into Rs 70,000 crore equity share capital and Rs 5,000 crore preference share capital, to Rs 1 lakh crore, the filing said.
On Tuesday (April 2), the Directorate General of Civil Aviation asked Vistara Airlines to submit daily reports about flight operations and follow the Civil Aviation Regulations.
The cumulative FDI inflows from Singapore to India stood at USD 155.612 billion from April 2000 to December 2023, accounting for 23 per cent of the total FDI flows into India
Over the weekend of March 31 to April 1 period, Vistara had a number of disruptions. Earlier this week, aviation regulator DGCA asked the airline to submit a daily report on flight cancellations and delays.
Business news: According to the Reserve Bank of India, Gold reserves increased USD 673 million to USD 52.16 billion during the week. The Special Drawing Rights were down USD 73 million to USD 18.145 billion, the apex bank added.
The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, has announced the decision to maintain the Policy Repo Rate at 6.5%. This steady stance indicates a deliberate approach towards economic stability.
Business news: International Organisation for Standardisation/ International Electrotechnical Commission 27001:2002 is an internationally recognised standard for information security management systems.
The 30-share BSE Sensex jumped 350.81 points to settle at its lifetime high of 74,227.63. Meanwhile, the broader NSE Nifty also hit its fresh peak of 22,514.65, gaining 80 points.
Overall, growth in South Asia is expected to be strong at 6.0 per cent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri Lanka, the World Bank said in its latest South Asia Development Update.
The anticipation surrounding India’s upcoming assembly election, coupled with PM Modi’s potential third term, has ignited a stock market frenzy, resulting in a record-breaking 200 Indians making it onto Forbes’ 2024 list of the World’s Billionaires.
Adani Green Energy Ltd (AGEL) has made history in India's renewable energy sector by exceeding 10,000 MW of renewable energy capacity. With the commissioning of 2,000 MW of solar capacity at the Khavda solar park in Gujarat, AGEL becomes the first firm in India to achieve this feat.
The full-service carrier has been grappling with the issue of first officers of its A320 fleet reporting sick in the last few weeks to protest against reduction in their emoluments due to new contracts, sources said.
In the previous trading session on Monday, the BSE Sensex had recorded a notable increase of 363 points, closing at 74,014. Similarly, the NSE Nifty50 also ended positively, reaching 22,462, up by 135 points.
A Vistara spokesperson said the airline had a significant number of flight cancellations and delays in the past few days due to various reasons, including crew unavailability.
In an announcement to the Bombay Stock Exchange (BSE), the company revealed plans for its maiden dividend payment. The board is scheduled to convene on April 8 to deliberate on the proposal, which could see dividends ranging from 100% to 165% distributed to shareholders.
The Reserve Bank of India said the Rs 2,000 notes, that were in circulation till May 19, 2023, continue to be legal tender.
The change in toll fee is part of an annual exercise to revise the rates that are linked to the changes in the wholesale price index based inflation. The annual revision of toll hikes was to come into effect on April 1 for most of tolled highways and expressways stretch across the country.
Indian gold futures also hit a record high on Monday and squeezed demand in the world's second-biggest consumer of the metal, said dealers. Gold prices across the world have been boosted due to growing rate-cut expectations, central bank purchases and geopolitical tensions.
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