Tuesday, April 22
Mumbai, Aviation watchdog DGCA has issued a warning letter to Akasa Air's accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods. Sources on Tuesday told PTI that the regulator has warned the airline's Accountable Manager to be careful to avoid non-compliance, citing two specific incidents related to a hard landing of aircraft and non-revision of the operations manual within the prescribed time frame. There was no immediate comment from Akasa Air. In a not-so-common development, the Directorate General of Civil Aviation (DGCA) has now issued two warning letters to Akasa Air in less than a week. This is in addition to actions against the little over two-year-old airl
HDFC Asset Management Company jumped 2.7% on the BSE to a high of Rs 3,969 on January 15, after the company reported a 31% jump in its consolidated net profit at Rs 641 crore for December quarter as compared to Rs 488 crore reported in the year-ago period.The revenue from operations in Q3FY25 stood at Rs 935 crore which was 39% higher over Rs 671 crore posted by the company in the corresponding quarter of the previous financial yOn a quarter-on-quarter basis, the profit after tax (PAT) rose 11% over Rs 577 crore reported in Q2FY25.Meanwhile, the revenue from operation rose 5.3% versus Rs 887 crore posted by the company in the July-September quarter.Total income which also includes other income of Rs 93.09 crore stood at Rs 1,028 crore up from Rs 1,058 crore posted in Q2FY25 and Rs 814.18 c
Shares of Shoppers Stop climbed as much as 10.8% on Wednesday to Rs 688 on the BSE after the department store chain posted a nearly 41% year-on-year (YoY) rise in quarterly profit, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season.For the third quarter ending December 31, Shoppers Stop posted a consolidated net profit of Rs 522.3 million, compared to Rs 368.5 million in the same period last year. This marks a strong recovery following two consecutive quarters of losses.The festive season, particularly from October to December, saw a surge in spending on beauty and lifestyle products, a key period for retailers, which accounts for a large portion of their annual sales, the company said. Despite ongoing in
