Aviation Sector

The Indian stock market rallied sharply with the BSE Sensex gaining 1,264 points and the Nifty 50 crossing 24,200, driven by easing geopolitical tensions, softer oil prices, and strong global cues. Broad-based buying and positive technical signals indicate continued short-term momentum.

Indian equities are set for a cautious start as rising crude oil prices and geopolitical tensions weigh on global sentiment. While oil-sensitive sectors may face pressure, investors will watch whether volatility turns into opportunity or signals a deeper correction.

SpiceJet now has approximately 30 grounded aircraft, which Singh hopes to be reactivated by the end of 2025.

Earlier last month, DreamFolks revealed plans to expand into highway eating for travellers. The service will be available at nearly 600 shops.

According to sources, the QIP's indicated issue price is ₹61.6 per share, a 20.8% decrease from Monday's BSE closing price.

Spice Healthcare issued preferential warrants on September 4, 2023, resulting in the acquisition of 13.74% of equity shares.

The funds may also be used to expand the company's fleet, increasing capacity and capitalising on the expanding demand for air travel.

In February, the company's board proposed a preferential share offering of up to ₹316 Crore to revitalise stalled aircraft and improve financial performance.

Gangwal sold a 5.8% share in the budget airline in March 2024, lowering his holding to approximately 5.8% at the conclusion of the quarter.

According to an announcement issued on Tuesday, ANA will affix its 'NH' designator code to Air India's route between Tokyo Narita and Delhi.