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MUMBAI: HDFC Mutual Fund on Tuesday sold 2.01% of its holding in SpiceJet in the open market, the airline said in a notification to the BSE on Friday. The aggregate holding of the schemes of HDFC MF in the company as of March 9 is3.03% of the paid-up equity share capital of the company, the notification said. HDFC Trustee Company held 5.05% in SpiceJet at the end of the December quarter. Shares of SpiceJet were down 0.3% at Rs 82.75 in afternoon trade on Friday. The stock has gained 55% in the last six months. Read More News on ....
This will allow Spicejet to move an aircraft forward or backwards without powering its engines or using external tugs, thus saving a massive amount of fuel ....
SpiceJet and IndiGo stocks take off as a 2-hour flight could now cost up to ₹13,000 SpiceJet and IndiGo stocks take off as a 2-hour flight could now cost up to ₹13,000 Navdeep YadavFeb 12, 2021, 10:09 IST unsplash The India government removed the COVID cap on airfares allowing a rise between 10% and 30%, depending on the duration. The investors cheered the fare cap revision as IndiGo and SpiceJet s stocks jumped nearly 3% and 5%, respectively, on Friday (February 12). The fuel prices that account for nearly 70% of the airlines cost crossed the $60 per barrel mark earlier this week, adding to the airlines operator s woes.In a big relief to bleeding airlines, the government on Thursday eased caps on airfares. The Indian air regulator extended the curbs on setting fares till March 31 but said the airlines could charge as much as 30% more of the earlier limit. ....
Read more about SpiceJet Q3 results: Net loss narrows to Rs 67 crore; revenue falls 53% YoY on Business Standard. The total revenue from operations fell 53.7 per cent to Rs 1,691 crore from Rs 3,656 crore in the same period, a year earlier ....