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Gati Q4 net loss widens to Rs 173 cr

Read more about Gati Q4 net loss widens to Rs 173 cr on Business Standard. On a consolidated basis, Gati reported net loss of Rs 173.40 crore in Q4 FY21, higher than net loss of Rs 70.60 crore in Q4 FY20. ....

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JD Logistics to raise $3.16 billion in Hong Kong IPO -sources


2 Min Read
HONG KONG (Reuters) -JD Logistics Inc has indicated it will price shares at HK$40.36 ($5.20), towards the lower end of its flagged range, to raise $3.16 billion in a Hong Kong initial public offering (IPO), two people with direct knowledge of the matter said.
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JD Logistics did not immediately reply to a request for comment.
It had set a price range of HK$39.36 to HK$43.36 per share which would have raised $3.4 billion at the top end.
The company sold 609.1 million shares in the deal, which is Hong Kong’s second-largest IPO this year following Kuaishou Technology raising $5.4 billion in January. ....

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UPDATE 1-Iberia aims to hit 60% of 2019-level flying by July


By Reuters Staff
(Recasts with activity levels, details)
MADRID, May 20 (Reuters) - Iberia, the Spanish arm of IAG airline group, said on Thursday it expects to reach 60% of 2019 flying levels by July, as air travel starts to recover from the COVID-19 pandemic.
Iberia is currently flying at 40% of 2019 levels and expects to reach 50% next month, Iberia commercial director Maria Jesus Lopez Solas told reporters at the FITUR international tourism trade fair in Madrid.
Iberia’s chief executive, Javier Sanchez Prieto, said Spain needed to open up to the rest of the world, especially to Latin America, after months of restrictions to air traffic imposed to curb the COVID-19 pandemic. ....

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