IndiGo, owned by hospitality and travel company InterGlobe Enterprises, has remained profitable in the last two years and looks to cash in on a booming air travel market.
Analysts say results warning can cut FY16 consensus earnings estimates by 8-10 per cent as company struggles to fix manufacturing problems at Ranbaxy Laboratories, which it bought last year.
Among gainers, HDFC Bank rose 1.5 per cent on relative valuations, while drugmaker Lupin rose 1.7 per cent after an acquisition in Russia.
Supreme Court ruled that regulator Petroleum and Natural Gas Regulatory Board could not set gas tariffs on behalf of gas distributors.
The initial public offering will include about $200 million of fresh equity infusion, two banking sources informed Reuters.
The application process with the Securities and Exchange Board of India (SEBI) could take two to three months, the bankers said, adding they expected the coffee chain to list within one to two mon...
IndiGo, owned by hospitality and travel company InterGlobe Enterprises, aims to get approval from market regulator Sebi in August before hitting the market later in the year, one of the sources sa...
Sentiment was also hit after Greece failed again to reach an agreement with its creditors and stumbled towards a default, while China shares plunged more than 7 percent as retail investors sold he...
One of the sources said the deal, for a 70 to 75 per cent stake in the commodities storage and services firm, could be worth $120 million to $150 million.
Deven Choksey, managing director at KR Choksey Securities said that fair conclusion of Greece debt issue and kindness of rain gods can continue to bode well for equities and the economy.
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