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HDFC Bank, HCL Tech, Hero Moto, Maruti Suzuki in focus

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HDFC Bank, HCL Tech, Hero Moto, Maruti Suzuki in focus

Compared with the third quarter of December 2020, total revenue in the third quarter of December 2021 rose by 8.33% to Rs 4,065.16 crore and the private sector bank’s net profit rose by 18.08% to Rs 1,034.22 crore.

HCL Technologies: The IT giant reported a 5.4% rise in consolidated net profit to Rs 3,442 crore in the third quarter of FY 2022 compared to the second quarter of FY 2022, with revenue up 8.1% to Rs 2,233.1 crore. HCL Tech expects double-digit revenue growth in constant currency, while FY22 EBIT margin is expected to be between 19% and 21%.
Hero Motocorp: Hero Motocorp said its board of directors has approved one or more investments in Ather Energy of up to Rs 4.2 crore.

Maruti Suzuki India: The auto giant has announced price changes across models due to increase in various input costs. The weighted average price increase in pre-showroom prices (Delhi) for different models was 1.7%. New prices effective Saturday, January 15, 2022.

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Metro Brands: Metro Brands posted a 54.6% rise in consolidated net profit to Rs 100.85 crore and net sales in Q3FY22 rose 59% to Rs 483.77 crore from Q3FY21.

PVR: PVR Cinemas has announced the opening of a four-screen cinema in Narsipatnam in the Visakhapatnam district of Andhra Pradesh.

PB Fintech: The PB Fintech parent company of online insurance and credit comparison platforms Policybazaar and Paisabazaar said it has acquired Visit Internet Services (VISPL) for Rs 22.41 crore. The acquisition was made through Docprime Technologies, a subsidiary of PB Fintech.

Indian Tinplate: The company’s net profit surged to Rs 949.4 crore in the third quarter of fiscal 2022 from Rs 328.2 crore in the third quarter of fiscal 2021. Net sales for the quarter rose 88% year-on-year to Rs 1,065.84 crore.

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ICRA: ICRA announced on Friday that Vipul Agarwal Group Chief Financial Officer has resigned from the position.

Vishwaraj Sugar Industries: On a standalone basis, Vishwaraj Sugar Industries’ net profit slipped 3.34% to Rs 29.44 crore and its total operating income rose 61.06% to Rs 133.28 crore in 3QFY22 over 3QFY21 .

SeQuent Scientific: SeQuent Scientific announced on Friday that its board of directors has appointed Rajaram Narayanan as its new managing director and chief executive officer, effective April 11, 2022.

Gokaldas Export: The company plans to expand its production capacity and explore opportunities for new business lines.

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NBCC (India): NBCC (India) announced on Friday that it secured Rs 5.92 crore in total business in December 2021.

Complete News Source : Business Standard

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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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