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India’s biggest airline sees capacity growth slowing next year
Money Control
·
1y ago
Medial
India's largest airline, IndiGo, expects slower capacity growth in the next fiscal year, with growth slowing to the "early double digits" compared to the current year. In the last quarter, the carrier experienced a growth of almost 27% in capacity and more than 23% in the number of passengers carried. IndiGo aims to add at least one aircraft to its fleet each week next year and plans to expand to 10 new destinations by 2025. It also anticipates managing a fleet of over 600 aircraft by 2030 to accommodate the projected increase in air travel in India.
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Microsoft to invest 4.3 billion euros in Italy for AI infrastructure and cloud capacity
Economic Times
·
10m ago
Medial
- Microsoft to invest 4.3 billion euros ($4.75 billion) in Italy for AI infrastructure and cloud capacity - The investment will be spread over the next two years - Microsoft's biggest investment in Italy so far - Aims to strengthen AI capabilities and cloud services in the country - Reflects Microsoft's commitment to Italy's technological growth and innovation
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Air India eyes regional aviation space in challenge to IndiGo
Livemint
·
1y ago
Medial
Air India is considering entering the regional aviation sector in India, which would put it in direct competition with market leader IndiGo. The airline has held internal discussions on the matter and sees an opportunity to provide a complete travel solution to Indian travelers. India's regional aviation sector has seen growth thanks to government-supported schemes and increased airport infrastructure in smaller towns. IndiGo is also expanding its regional fleet, primarily using ATRs. Air India's plans come after the Tata group acquired a stake in the airline and its subsidiaries earlier this year.
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HMD to double mobile phone exports from India, make it global hub, COO says | Mint
Livemint
·
1y ago
Medial
HMD, the maker of Nokia-branded mobile phones, plans to double its exports from India to 4 million units over the next year. The company also aims to increase local production by more than a third. HMD will make India its global operational platform for production and exports, as it launches its own brand of smartphones and feature phones. India is already the company's biggest market and it sees it as a vital base for growth. The company is currently exporting Nokia-brand phones to West Asia and Africa and plans to expand to new markets including Europe and the US.
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IndiGo premium push: 45 aircraft with biz class by 2026 | Company Business News
Livemint
·
8m ago
Medial
Indian airline IndiGo plans to expand its business-class product, IndiGoStretch, to 45 aircraft by 2026, up from the current two. The airline aims to introduce 45 IndiGoStretch aircraft over the next 14 months, with service on 12 routes and over 260 daily flights. The expansion is expected to offer premium capacity in around 10% of IndiGo's total fleet. The move comes as the airline seeks to provide a premium alternative to Air India, which currently dominates the premium class market in India.
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IndiGo to add 10 more international destinations in the next year: Pieter Elbers - BusinessToday
Business Today
·
2m ago
Medial
IndiGo plans to expand significantly by adding 10 new international destinations over the next year, including London, Athens, Copenhagen, and Siem Reap, with long-haul flights to Manchester and Amsterdam from Mumbai. The airline will also reactivate routes to Almaty and Tashkent, and increase capacity to Tbilisi. Additionally, four more Central Asian destinations and new Southeast Asian routes are slated. Domestically, IndiGo aims to add four new destinations, including Noida and Navi Mumbai.
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'Steroid-driven growth model of government capex cannot continue,' says Shankar Sharma
Business Today
·
4m ago
Medial
Shankar Sharma is bearish on the Indian equity market, anticipating negligible to negative returns until 2030. He has a low allocation in Indian equities, favoring fixed income and global markets like Europe and China. Sharma criticizes India's reliance on government-driven capex for growth and sees a lack of innovation in Indian companies. While bullish on technology firms globally, he doubts Indian companies can sustain growth in a slowing domestic economy.
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Aster DM Healthcare plans to double bed capacity to 10,000 in three years: CEO
Livemint
·
1y ago
Medial
Bengaluru-based healthcare provider Aster DM Healthcare plans to increase its bed capacity to over 10,000 in the next three years through acquisitions and organic growth. The company intends to spend at least ₹1,000 crore ($136m) to acquire 2,000-4,000 beds and invest an additional ₹1,000 crore to add 1,700 beds organically. Aster DM aims to become one of India's top three healthcare providers and sees Uttar Pradesh as a potential market for expansion.
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IndiGo will shrink in January and there is little it can do
Livemint
·
1y ago
Medial
IndiGo, India's largest carrier, is expected to shrink its operations in January, with around 30-40 planes being grounded. The airline has already grounded over 40 aircraft and will mitigate the impact through wet leases and upcoming dry leases. Changes to the booking engine indicate an 8% drop in capacity between December and January. The airline is also reducing services on various routes, while maintaining its operations in metro segments and RCS-UDAN routes. The temporary reduction in capacity may affect IndiGo's target to cross the 100-million-passenger mark this financial year.
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Etihad profit more than triples to almost $500 mn ahead of expected IPO
VCCircle
·
5m ago
Medial
Etihad Airways reported a substantial net profit increase to $476 million last year, driven by $5.7 billion in passenger and $1.1 billion in cargo revenue. With operational improvements, the airline is poised for an IPO, potentially involving a 20% stake sale. Owned by Abu Dhabi's wealth fund ADQ, Etihad aims to enhance its global presence amid regional diversification. Recent expansions include new destinations and a terminal, boosting capacity for future growth.
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Tata group shares rally surge on prospects of Tata Sons’ IPO value unlocking
Thehindubusinessline
·
1y ago
Medial
Shares of Tata group companies surged with many hitting 52-week highs amid reports of holding company Tata Sons planning an IPO next year valuing it at around $8 trillion. Tata Chemicals, Rallis India, Tata Power, Tata Investment Corp, and Tata Technologies were among the biggest gainers. Tata Motors, Tata Steel, Tata Consumer Products, Indian Hotels, and Trent also closed higher. The market sees the potential IPO as a great opportunity, and the value unlocking from listing Tata Sons is driving the rally. The recent demerger announcement in Tata Motors is also expected to encourage corporate actions in group companies.
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