IndiGo profit plunges 96.6% on fuel costs, exchange rate

Revenue from sale of passenger tickets rises 13.6% Market leader IndiGo profit for the first quarter of the current fiscal plunged 96.6% to ₹27.8 crore against ₹811.1 crore in the year-earlier period following adverse impact of foreign exchange and high fuel prices. Revenue from passenger tickets stood at ₹5,769.4 crore, an increase of 13.6% compared […]

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Infosys’s Noida facility to cost ₹750 crore

It will house 5,000 employees Infosys will invest ₹750 crore in the first phase to build a 2.7 million square feet facility to accommodate 5,000 employees in Uttar Pradesh’s Noida, neighbouring New Delhi, the company said in a statement. The U.P. government had allotted 27.5 acres of land for the new facility. Leveraging talent pool […]

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Sensex, Nifty in the red after touching new highs

The 30-share Sensex touched a new intra-day high of 37,496.80 during the morning session The Indian benchmark equity indices continued their record-breaking spree to touch new highs on Monday before some amount of profit booking saw the indices fall off the highs. The 30-share Sensex touched a new intra-day high of 37,496.80 during the morning […]

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