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What Goldman will gain by shunning the bro culture in its board

The company is caught up in one of the biggest frauds in history: the 1MDB scandal in Malaysia.
The Economic Times

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BOOK SPICEJET TICKET

Stocks in the news: Coffee Day, UltraTech Cement, Sterling & Wilson, JSW Steel and SpiceJet

Punjab National Bank (PNB) has scrapped its plan to sell shares in its mortgage lending subsidiary PNB Housing Finance.

View: How India can keep its airlines afloat

Kingfisher and Jet are symptomatic of a larger industry trend that is highly turbulent and uncer...

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  • Air India had recently moved from keeping two ticketing platforms to one and had selected Travelport for it. The move was question by various industry insiders, who believed that this move of moving away from Amadeus will not be beneficial for the cash strapped airline, as Amadeus offers a he network across the globe.

    India needs economic recovery and I think a shallow recovery will happen because the rural economy itself will recover. But besides that, I do not see any sign. Globally, I think a reversal in the US market is imminent now. The stock markets in the US have seen a parabolic rise and such parabolic rises normally lead to sharp selloffs.

    For MFIs, every four years of decent performance is followed by one year of disturbance resulting in delinquencies going up. Cases in point, the Andhra microfinance crisis, the demonetisation situation. In specific states and districts, we have seen socio-political issues coming up, A year back, we had issues in Odisha; now we are talking about problems in certain Assam districts

    Indi-Go's cut in its incremental capacity by 2-3 per cent reduces the industry's capacity which provides some scope for SpiceJet to show some aggression in adding more room.

    While passengers of Emirates will be able to access the SpiceJet network first from early 2020, SpiceJet passengers travelling from India to Dubai will also be able to access Emirates' expansive network later, opening up multiple international connections for them.

    An industry source said that SpiceJet might bid for Air India's wide-body operations in case the government puts up domestic and international operations for sale separately. Currently, SpiceJet operates only Boeing and Bombardier planes.

    Revenue rose by more than 52% to cross Rs 619 crore for fiscal 2019, up from Rs 406.09 crore in FY 2017-19, as BppkMyShow recorded growth across multiple verticals, including live events, online ticket bookings and software, and turnkey ticketing solutions.

    It is a safe company with low expectations. If there is any weakness because of any poor execution in L&T Q3 results, it would be a buy because there is enough upside over next 12 months. When everybody is bullish on the economy, banks will be the ones to bet on with earnings growth and all slippages having come out.

    Given the stiff competition and lack of pricing power, the earnings outlook is bleak for the aviation companies

    All airlines have cancelled or rescheduled their flights to Assam which is seeing a violent unrest against the passage of Citizenship (Amendment) Bill 2019 by the Parliament. The airlines - Vistara, GoAir, Spicejet and IndiGo - are giving full refund to the passengers who can also opt for an alternate flight without any charge.

    CSB Bank valuation can sustain at 2.6-2.7 times; Ujjivan to jump on listing day

    While constantly complaining of ultra high operating cost — fuel for domestic flights being costliest in India — and fares that do not cover costs leading to losses, all big and emerging Indian carriers (except divestment-bound Air India) are adding planes at a furious pace. Then to fill them up, they offer low fares.

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