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IndiGo's Q4 net profit rises marginally to Rs 579.31 crore

According to InterGlobe Aviation, the mother company of IndiGo, the net profit during the quarter under review inched up by 0.3 percent to Rs.579.31 crore from Rs 577.33 crore in the like period of 2014-15.

Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide protests against fixing interest rates lower than 8.8 per cent decided by the retirement fund body EPFO as well as 8.75 per cent paid for the previous fiscal.

The delay is expected to be on the account of the company's chase for "perfection", a Citi Group report said. "The ensuing delay could be testing investors' patience. It raises concerns of Jio further eroding its first mover advantage. The capital expenditure targets also continue to go up," it added.

"For civilian usage to bloom and the cost to come down, more manufacturers have to start making the navigation signal receivers. That will happen once the IRNSS is formally declared operational," A.S. Ganeshan, retired programme director of ISRO's Satellite Navigation Progamme said.

Mallya, whose passport was revoked this month, said he wants a "reasonable" settlement with creditor banks for his defunct airline, but they "are not getting any money" by taking his passport or arresting him.

Sun May 01 09:39:05 IST 2016
 

From The Magazine

FM Arun Jaitley claims the database of 1.2 billion bank accounts when linked with 900 million mobile phones and a billion Aadhaar numbers would effectively ensure that the subsidy flow only happens to those who actually need it.

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