Rupee hits new all-time low against US dollarThe Indian rupee slumped 16 paise against the US dollar to trade at a life-time low of 71.37 in early trade on Tuesday. The fall in Indian currency is due to the strong demand for the US currency. At the Interbank Foreign Exchange, the local currency opened at a record low of 71.24 against a dollar, down from its previous close of 71.21, and weakened further to trade at a fresh low of 71.37, down 16 paise.  Airlines' losses could r...

State-of-the-art Train 18 to replace Shatabdi Express soonAs part of the Railways' plan to increase the speeds of all long-distance passenger trains by 25 km per hour by 2022, it has decided to replace the Shatabdi Express trains with much-awaited semi-high speed 'Train 18'. These trains will be loaded with state-of-the-art amenities and will be used for inter-city travel. The trains are being built under the Make in India initiative at the Integral Coach Factory (ICF) in Chenna...

The airline on Thursday informed stock exchanges that the audit committee has refused to approve company's June quarter results.

The stock fell to an intra day low of 891 level, down 11.26% on the BSE, its biggest fall since March 2017. It opened at 926 level, a fall of 7.79% compared to its previous close.

Vijay Mallya 'devastated' to lose control of Force India F1 team Liquor barron Vijay Mallya is 'devastated' to have lost control of the Force India Formula One team but the embattled tycoon should still have a say in what happens next, according to his right-hand man Bob Fernley. The Briton, who was deputy team principal until a court-appointed administrator took charge last Friday, told Reuters that Mallya would act in the best interests of a team he acquired in 2007. Mallya...

India's largest airline in terms of market share cited adverse impact of foreign exchange, high fuel prices and the competitive fare environment for fall fall in profitability.

The market recovered in trade today as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices. While the Sensex closed 196 points higher at 36,519,  the Nifty rose 71 points to 11,008 level Sentiment received a boost after global crude oil prices fell over 4 per cent owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.Besides, reports that the finance ministry is likely to infuse about Rs 10,000 crore within a few days in s...

Sentiment got a boost after global crude oil prices dropped by over 4 per cent yesterday owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.

The Nifty ended above 11, 000 level for the first time since February 1 and is now 2% away from record highs. Sensex hit all-time high of 36,699 intra day after opening at 36,424 level.

US crude oil prices too fell 5% to $70.38 a barrel - their worst one-day fall in a year. The fall follows a months-long rally that saw oil prices rising to record highs in recent years.

IndiGo today said its Chief Commercial Officer Sanjay Kumar is leaving the airline and would be replaced by William Boulter.

The government on Wednesday shelved a plan to sell a 76 per cent stake in the debt-laden carrier due to lack of interest from bidders.

Investors kept an eye on high-level talks between China and the US on trade in Beijing today. Back home, Sun Pharma, NTPC and Tata Steel were the top gainers on Sensex. Wipro, Kotak Bank and Asian Paints were the top Sensex losers.

Investors kept an eye on high-level talks between China and the US on trade in Beijing today. Back home, counters such as realty, capital goods, IT, teck, infrastructure, FMCG, consumer durables, oil and gas and auto suffered as participants pulled money off the table.

The stock has fallen 21.51% during the last four days. The stock opened with a loss 4.39% at 1,289 level on BSE. The stock touched an intra day low of Rs 1111 on BSE. It fell over 3% on BSE ahead of announcement of Q4 earnings. IndiGo's revenue rose 20% YoY (-6% QoQ) to Rs 5,800 crore.

IndiGo's parent, InterGlobe Aviation, posted a 73 per cent decline in profit at Rs 117.96 crore in the three months ended March 2018 on account of rising fuel expenses.

The stock hit its 52-week low (1,004.95) and high (1,520) on May 23, 2017 and April 20, 2018, on BSE respectively. On BSE, the stock's market capitalisation fell to Rs 52,275 crore. The stock was trading 3.37% or 47 points lower at 1358 on NSE.  Volume of the stock traded at NSE stood at 11,28,191. The value of trade carried in the stock stood at Rs 15,407 lakh on NSE.