Page 3 - Interglobe Aviation News Today

Currently operating a fleet of over 360 aircraft with only economy class, IndiGo will now offer a "tailor-made business product" on the busiest business routes.

InterGlobe Aviation said its capacity for the quarter increased 14.4 per cent YoY to 34.8 billion. Passenger count increased 14 per cent YoY to 26.7 million.

Top News of the Day: InterGlobe Aviation Ltd more than doubled its net profit in the quarter ended March. In another news, a boiler exploded at a chemical factory in the MIDC area in Dombivli near Mumbai on Thursday, killing at least seven people.

Experts feel that if the Nifty 50 manages to close decisively above the much-awaited 23,000 level, then 23,500 is the level to watch out for as the market approaches the general elections results due next month.

IndiGo will introduce business class seating this year, aligning with India's economic growth and evolving traveler aspirations, with a full launch set for August.

ITC, InterGlobe Aviation, Honasa Consumer, Bayer Cropscience, Cello World, CESC, Concord Biotech, Finolex Cables, Page Industries, Tata Investment Corporation, and Zaggle Prepaid Ocean Services will release March quarter earnings on May 23.

A total of 15,237 shares changed hands on the counter till 12:58PM (IST).

Volatility may continue amid investors cautious approach in the election season

Last week, the BSE benchmark climbed 1,341.47 points or 1.84 per cent, and the Nifty went up by 446.8 points or 2 per cent.

The market, in the coming truncated week, is expected to be consolidative with a positive bias.