National
Shares of InterGlobe Aviation, the operator of IndiGo, have fallen around 21 percent in December, as investors react to the airline’s continuing operational troubles and regulatory pressure. CEO Summoned by Aviation Regulator The Directorate General of Civil Aviation (DGCA) has summoned IndiGo CEO Pieter Elbers to appear before the regulator on Thursday. He is expected
Business
IndiGo’s parent company, InterGlobe Aviation, continued to see its share price drop on Tuesday. The stock fell another 1.5%, marking the eighth straight session of losses. In a week, the company has lost nearly 17% of its value, wiping out around ₹40,000 crore in market capitalisation. Operational problems trigger sell-off The decline follows a major […]
Business
Shares of Hindustan Copper jumped about 7%, reaching ₹330 in intra-day trade, edging closer to its 52-week high of ₹353. The rally continued for the fifth straight session. Copper Prices Drive Momentum The stock’s rise was supported by a surge in global copper prices. On the London Metal Exchange, copper futures hit a 15-month high […]