Month: October 2021

Delhi’s IGI Airport resumes flight services from Terminal-1 after 18 months

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Flight operations from Delhi’s Indira Gandhi International (IGI) Airport Terminal-1 resumed today after 18 months of closure.

The airport had announced on October 8 that it would resume flight services at the T1 terminal from October 31.

Delhi: Indira Gandhi International (IGI) Airport’s Terminal 1 resumes flight operations from today after 18 months of closure. pic.twitter.com/3DpQttNT8q

— ANI (@ANI) October 31, 2021

The flight operations were being handled by Terminal-2 and Terminal-3 since the closure of Terminal-1.

The Directorate General of Civil Aviation (DGCA) on Friday said the suspension of the scheduled international passenger flights, imposed on June 26, 2020, has been extended till November 30.

The DGCA had first imposed restrictions on scheduled international passenger services in India on March 23, 2020, due to Covid.

“However, international scheduled flights may be allowed on selected routes by the authority on a case-to-case basis.”

pic.twitter.com/PqBNp330GO

— DGCA (@DGCAIndia) October 29, 2021

However, this restriction will not be applicable on cargo flights and flights approved by the aviation regulator.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Low Covid vaccination coverage: PM to hold review meeting with DMs of over 40 districts

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Prime Minister Narendra Modi will hold a review meeting on November 3 with district magistrates of over 40 districts having low COVID-19 vaccination coverage, the PMO said on Sunday. The meeting, which will be held via video conferencing, will include districts with less than 50 percent coverage of the first dose and low coverage of the second dose of the vaccine, it said.

The 40 districts are spread across Jharkhand, Manipur, Nagaland, Arunachal Pradesh, Maharashtra and Meghalaya among other states, and chief ministers of these states will also attend the meeting.

Modi will be holding the meeting immediately on his return from abroad after attending the G20 and COP26 meetings, the PMO noted. Highlighting the need to accelerate the pace and coverage of vaccination, Union Health Minister Mansukh Mandaviya had recently stated that there are more than 10.34 crore people in the country who have not taken the second dose of the vaccine after the expiry of the prescribed interval..

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Prime Minister Modi’s plane flies over Pakistan airspace en route to Italy

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Prime Minister Narendra Modi’s special VVIP flight, en route to Italy for the G20 Summit, flew over the Pakistani airspace on Friday and the aircraft will use it again on its return journey after getting formal permission from Islamabad, according to a media report here on Sunday. Prime Minister Modi’s plane Boeing 777, 300ER, K7066 entered the Pakistani airspace from Bahawalpur, passed through Turbat and Panjgur and via Iran and Turkey reached Italy, The Express Tribune reported.

According to the Civil Aviation Authority (CAA) sources, Indian authorities had requested Pakistan’s Ministry of Foreign Affairs for permission to use the airspace for Modi’s special flight. Pakistan accepted the request, allowing the Indian prime minister to fly through its airspace.

The relations between India and Pakistan deteriorated after India announced withdrawing special powers of Jammu and Kashmir and bifurcation of the state into two union territories in August, 2019. India has told Pakistan that it desires normal neighbourly relations with Islamabad in an environment free of terror, hostility and violence.

Prime Minister Modi arrived in Italy on Friday to participate in the G20 Summit where he is joined by other world leaders in discussions on global economic and health recovery from COVID-19, sustainable development and climate change. The report quoted the CAA spokesperson saying that on its way back to India after the Climate Summit in Glasgow, Prime Minister Modi’s plane will use Pakistan’s airspace again.

Earlier, an Indian commercial aircraft also used Pakistani airspace after obtaining necessary permission, according to the newspaper. Last month, Prime Minister Modi’s plane en route to the United States flew over the Pakistan airspace after Islamabad gave permission for the aircraft.

In October 2019, Pakistan had denied India’s request to use its airspace for Modi’s flight to Saudi Arabia. The same year in September also, Pakistan had denied overflight clearance for the prime minister’s aircraft.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Trade setup for Nov 1: Where is Nifty50 headed? Key market cues before Monday’s session

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Indian equity benchmarks extended losses to a third straight day on Friday, dragged by selling pressure in financial, IT, and energy shares. The Nifty50 index is now 5 percent off a record high clocked on October 19. The banking index has retreated 4.5 percent from its peak (October 25).

What do the charts suggest for Dalal Street now?

The Nifty50 index has formed a long bearish candle, clearly suggesting continuation of weakness in the near future, according to Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities.

“The short-term trend remains weak due to the oversold situation in the market. The weekly trading setup suggests 17,800 would be the immediate hurdle for Nifty,” he said.

Brace for some more pain

Nifty50 appears to be in the last stage of the current leg of decline, with its short-term range shifted lower, said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

“The hourly momentum indicator is in an oversold zone and looking for a recovery. The current selling pressure is likely to get absorbed near 17,600,” he said.

Here are key things to know about the market before Monday’s session:

SGX Nifty

At 7:39 am on Monday, Nifty futures trading on Singapore Exchange — an early indicator of the Nifty50 index — were up 33.5 points or 0.2 percent at 17,783.5, suggesting a positive start ahead on Dalal Street.

Global Markets

Equities in other Asian markets began the week on a weak note, with MSCI’s broadest index of Asia Pacific shares outside Japan down half a percent in early deals. S&P 500 futures were up 0.3 percent in early Asian trade, suggesting a positive opening ahead in the US.

On Friday, Wall Street ended a choppy session higher, after Apple and Amazon financial results reignited concerns of labour and supply shortages that have been at the forefront of the earnings season. The three main US indices rose 0.2-0.3 percent each.

FII/DII activity

Foreign institutional investors (FIIs) remain bearish on Indian equities. On Friday, they withdrew a net Rs 5,142.6 crore from Indian shares. Domestic institutional investors (DIIs), however, made net purchases of Rs 4,342.5 crore, exchange data showed.

Call/put open interest

The maximum open interest is accumulated at the strike price of 18,000, and the next highest only at 18,500. The strike prices of 17,500 and 17,000 have the maximum put interest, NSE data shows. This suggests immediate support can be expected at 17,500 and resistance at 18,000.

Long build-up

Here are five stocks that saw an increase in open interest as well as price, suggesting a build-up of long positions:

Long unwinding

(Decrease in open interest and price)

Short-covering

(Decrease in open interest and increase in price)

Short build-up

(Increase in open interest and decrease in price)

52-week highs

TVS Motor, Escorts, Canara Bank, Cholamandalam Investment, ABB, Birla Corporation, Minda and Chalet Hotels were among the 11 BSE 500 stocks that hit 52-week highs.

52-week lows

Six stocks in the 500-strong barometer hit 52-week lows: Strides Pharma Science, Astrazeneca, Aarti Drugs, Johnson Controls-Hitachi Air, Indostar Capital and Bombay Burmah Trading.

Volatility gauge

NSE’s India VIX index — which gauges the expectation of volatility in the near term — eased 2.7 percent to settle at 17.4 on Friday, reversing direction after surging as much as 9.7 percent during the session.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Smaller stocks continue to give higher returns to investors so far this fiscal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Smaller stocks have continued to give higher returns to equity investors so far this fiscal, significantly outperforming bigger peers on indices. The BSE smallcap index has zoomed 7,333.47 points or 35.51 per cent, while midcap index has jumped 5,096.41 points or 25.25 per cent so far this fiscal.

In comparison, the 30-share BSE benchmark Sensex has gained 9,797.78 points or 19.78 per cent. “We are in a structural bull market where midcap and smallcap stocks tend to outperform and we are seeing the same phenomenon is playing out. The other reason for the outperformance of the broader market is strong participation by retail investors and thanks to technology that is helping the penetration of the stock market in India,” said Parth Nyati, Founder, Tradingo. “If we look at the first half of FY’22 then we are seeing continuous selling by FIIs that is another reason for the underperformance of large-cap stocks, however the overall performance of Indian equity markets is much better than global peers,” he noted. The BSE midcap index reached its record high of 27,246.34 on October 19 and the smallcap hit its all-time peak of 30,416.82 the same day. The BSE Sensex rallied to its all-time high of 62,245.43 on October 19.

Nyati said a massive outperformance by the Indian market in FY22 is being seen so far on the back of a strong recovery in the economy and demand, supportive government policies, and most importantly strong retail inflows through both direct equity and mutual funds. “We are in a strong bull run and the Indian market will continue to outperform, however market had moved ahead of expectations in the last few months,” he said.

Domestic equity markets had a record-breaking rally recently where it reached many new lifetime highs. Analysts said the rally in the equity market were driven by many factors including global liquidity, containment of COVID-19 cases and significant pickup in vaccination.

The BSE benchmark index had a terrific journey so far this fiscal, where it rallied from 53,000-mark to over 62,000 level during this time. On the recent correction in the equity market, Nyati added that we are seeing a first meaningful correction after a long time and the sell-off can be attributed to relentless selling by FIIs. On the outlook for smallcap and midcap he added that we are seeing the first meaningful correction and that may see a further extension to 10-15 per cent while that will be a good buying opportunity. “It will be interesting to see the behaviour of new investors who debuted the equity market in the last one and a half years because they haven’t seen any meaningful correction yet. We could see more volatility in midcap and smallcap index in the next 1-2 months that may take out weak hands while this correction will be a good buying opportunity to enter into quality names because we are going to see a strong bounce-back again where Sensex may move above 65,000 mark by the end of FY22,” he added.

Last fiscal, the BSE smallcap index zoomed 11,040.41 points or 114.89 per cent, while the midcap jumped 9,611.38 points or 90.93 per cent. In comparison, the BSE benchmark clocked 20,040.66 points or 68 per cent gain last fiscal.

According to market analysts, smaller stocks are generally bought by local investors while overseas investors focus on bluechips or large firms. The midcap index tracks companies with a market value that is, on an average, one-fifth of bluechips or large firms.

Smallcap firms are almost a tenth of that.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Anchoring India’s energy independence vision in mobility transitions

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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In his independence day speech, Prime Minister Narendra Modi announced an aspiration to be ‘energy independent’ by 2047, stressing on India’s massive Rs 12 lakh crore annual energy import expenditure. This amount is 20 times the amount the Australian government spent on fuel, energy and industry (mining, manufacturing and construction) in 2019–20.

To achieve energy independence, the Prime Minister called for greater diversification in the country’s energy mix through increased renewable energy production capacity and appreciated India’s efforts to further advance electric mobility and railway electrification.

Transport has special significance as one of India’s most energy-intensive sectors, accounting for 10.22 percent of the country’s total energy consumption. Road transport alone uses more than 10,000-kilo tonnes of oil equivalent (ktoe) units of natural gas and 35,000 ktoe of oil products. Demand for transport fuels will only grow with economic development. According to the International Energy Agency (IEA), India could see energy demand for road transport more than doubling over the next two decades, with oil demand increasing two-fold from around 1.9 million barrels per day (mb/d) today to 3.8 mb/d by 2040.

This would make India the fastest-growing oil market in the world. Alarm bells should be ringing. Any vision for energy independence requires a bold strategy for mobility.

Projections aside, an emerging industrial revolution suggests that India can mitigate some of these catastrophic developments through a strategic bet on vehicle electrification. Electric Vehicles (EVs) convert almost 80 percent of the energy from the grid to power at the wheels and are thus considerably more energy-efficient than internal combustion engine (ICE) vehicles for which the equivalent figure is just 12-30 percent. India’s first multimodal electric mobility project at Nagpur from 2017-19 witnessed savings of 5.7 lakh litres of import-dependent fossil fuel. If EVs can constitute even 30 percent of India’s new vehicle sales by 2030, the country can save over Rs 1 lakh crore annually in oil imports.

Also read | Mission EV adoption: Catalysing India’s EV moonshot

India’s commitment to renewable energy such as solar and wind stand to create a windfall for EV charging that can temper imports and move India towards a green and self-sufficient future. At present, solar and wind account for about 10 percent of the country’s electricity generation, solar alone is expected to contribute more than 30 percent by 2040. Solar tariffs are expected to stabilise around the Rs 2/unit mark. With both photovoltaic modules and advanced chemistry battery packs expected to continue to drop in price after a nearly 90 percent reduction in the last decade, low-cost renewable energy generation and low-cost storage can completely change the conversation on the cost dynamics of electric mobility.

Mobility transitions are pivotal for India’s energy independence dreams. The potential for interplay between renewable energy and electric mobility unlocks extended possibilities including repurposing second-life EV batteries for energy storage applications. As per a study by the Ola Mobility Institute, vehicle to grid integration can help balance the grid by leveraging EV batteries to manage intermittent production in the wind and solar. Moreover, disruptions in energy storage R&D should help accelerate breakthroughs in fuel cell research, solid-state batteries and new battery chemistries. This has the potential to put India at the forefront of a new energy transition that fulfills an inevitable increase in demand domestically.

Also Read | Challenges for the EV sector: From charging to distribution to generation

However, we don’t have everything we need to make this transition. EVs come with import requirements of their own, especially with respect to battery raw materials. Addressing these needs should be a strategic priority. Promoting domestic manufacturing of advanced chemistry batteries and creating an ecosystem for urban mining, i.e., retrieval of precious metals from used batteries from cars and electronics, can prime India’s mobility transition for import substitution. This can additionally aid the Prime Minister’s call for entrenching circular economy principles and promote thousands of green jobs.

Efforts towards energy independence will have to be complemented with additional mobility transitions. These should pursue gains in efficiency, prioritise R&D in alternative fuels, and mainstream practices such as ride-sharing and other forms of shared mobility using public and intermediate public transport. Research in utilising green hydrogen for mobility may also be undertaken. Seamless integration of passenger mobility and hyperlocal deliveries, encouragement of non-motorised transport, and increasing the burden of freight onto the soon-to-be electrified railways are supplementary measures that can be undertaken.

Transport has been the fastest-growing end-use sector in terms of energy demand in recent
years and is pivotal to India’s growth story. Purposeful action can help the sector emerge as a bellwether for radical energy and industrial realignments. A clear vision accompanied by a detailed plan will send the right signals to the world that India is a lighthouse for true energy independence.

The Prime Minister has given a clarion call. It is time for us to step on the accelerator to make mobility a catalyst in bringing this vision to life.

The author Anand Shah is Senior Advisor, Ola Mobility Institute, Shilpi Samantray is Electric Mobility Lead, Ola Mobility Institute and Yash Narain is Research Associate, Ola Mobility Institute. The views expressed are personal.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

MP bypolls: 65.32% turnout in 3 Assembly seats, 63.88% in Khandwa LS seat

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A voter turnout of 65.32 per cent was recorded in the bypolls to three Assembly seats and 63.88 per cent in the Khandwa Lok Sabha constituency in Madhya Pradesh, officials said on Sunday. In the by-elections held on Saturday, Jobat (reserved for Scheduled Tribes candidates), Prithvipur and Raigaon (reserved for Scheduled Caste candidates) Assembly constituencies recorded 53.30 per cent, 78.14 per cent and 69.01 per cent polling, respectively, they said quoting late night figures of the Election Commission.

During the Madhya Pradesh Assembly polls in 2018, Jobat, Prithvipur and Raigaon had registered a turnout of 52.84 per cent, 79.61 per cent and 74.53 per cent, respectively, they said. In Jobat, the voter turnout has been low as tribal workers migrate from there to other states in search of jobs, as per locals. Besides, the Khandwa Lok Sabha constituency recorded 63.88 per cent polling on Saturday, as compared to 76.90 per cent in the 2019 general elections.

A total of 48 candidates were in the fray in these four constituencies, the officials said. The by-elections were necessitated due to the death of sitting MLAs and an MP.

The Khandwa Lok Sabha constituency and Raigaon Assembly seat were held by the BJP, while Jobat and Prithvipur Assembly seats were with the Congress. The counting of votes will take place on November 2.

In Khandwa, the BJP fielded former district panchayat president Gyaneshwar Patil, denying the ticket to Harshvardhan Chauhan, the son of sitting MP Nand Kumar Singh Chauhan whose demise necessitated the bypoll. The Congress fielded former MLA Rajnarayan Singh Purni. In Jobat, Sulochana Rawat was the BJP’s nominee against Congress candidate Mahesh Patel. The seat fell vacant due to the death of sitting Congress legislator Kalawati Bhuria.

Rawat, a former MLA, joined the BJP recently after quitting the Congress. She had won from Jobat on Congress’s ticket in 1998 and 2008. In Raigaon seat, the BJP fielded Pratima Bagri, the daughter-in-law of MLA Jugal Kishore Bagri whose death necessitated the bypoll. She faced Congress’ Kalpana Verma.

Verma had been defeated by Jugal Kishore Bagri in 2018. In Prithvipur, the BJP fielded former Samajwadi Party leader Shishupal Singh against Congress’s Nitendra Rathore, the son of former minister Brajendra Singh Rathore whose death caused the bypoll.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Fed rate decision, Q2 earnings, auto sales, IPOs likely to be in spotlight in Diwali week

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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More quarterly report cards from India Inc, auto sales, macroeconomic data, and a key rate decision in the US will be on investors’ radar in Diwali week. Around 350 companies are slated to post their quarterly numbers in the holiday-shortened week beginning November 1.

After a second straight weekly loss, the Nifty50 index is now five percent away from a record high clocked earlier this month. Deep losses in private banks primarily along with energy and IT shares pulled the headline indices lower last week.

ALSO READ: Second straight weekly loss for Sensex as private banking, oil & gas stocks tumble

Dalal Street week ahead

A slew of large companies are scheduled to report their financial results this week. Among them are SBI, HDFC, Tata Motors, Bharti Airtel, Sun Pharma, Hindustan Petroleum and IRCTC.

The market is heading into Diwali with a mood of profit booking at a time when the earnings season has remained mixed so far, said Santosh Meena, Head of Research, Swastika Investmart. Most companies have exceeded earnings expectations in terms of revenue but margin pressure due to rising input costs is one emerging trend, he said.

Technical outlook

The Nifty50 index has slipped below its 20-day moving average and the near-term texture has changed to ‘sell on rise’ from ‘buy on dip’. Immediate support is at the 50-day moving average of 17,565 followed by critical support at 17,450-17,250 where a bounceback can be expected, according to Meena,

The short-term view remains bearish till the Nifty index trades below 18,000-18,200, he said.  

Here are the key factors and events that are likely to influence Dalal Street in Diwali week, starting November 1:

DOMESTIC CUES

Q2 Earnings

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Several schools in Delhi to reopen for all classes from Monday, some will open after Diwali

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Several schools in the national capital are set to reopen for all classes from Monday after remaining closed for 19 months due to the COVID-19 pandemic, while many have chosen defer the reopening to post-festive week. The Delhi Disaster Management Authority (DDMA) had last week announced that schools would reopen for all classes from November 1, even though teaching and learning would continue in blended mode.

The DDMA had also said that schools would have to ensure that there is not more than 50 per cent attendance in a class at one point of time and no student is forced to attend physical classes. While government schools have been reporting over 80 per cent attendance after they reopened in September for classes 9 to 12, private schools are in the process of sending out consent forms to parents and most of them will decide their plan of action post-Diwali.

MRG School, Rohini said it is “waiting for staff readiness” with both doses of vaccination. Modern Public School, Shalimar Bagh said it will reopen after Diwali. Other private schools that will reopen after Diwali are DAV Public School, Pushpanjali Enclave, Indian School and Bal Bharti School, Pitampura, among others.

Allowing only 50 per cent students per classroom, mandatory thermal screening, staggered lunch breaks, alternate seating arrangement and avoiding routine guest visits are among the guidelines announced by the DDMA for the reopening of schools. The DDMA has said students, teachers and non-teaching staff living in Covid containment zones will not be allowed to come to schools and colleges. It has also said the area being used for activities like ration distribution and vaccination should be separated from the area that will be used for academic activities.

Schools in Delhi were ordered to shut last year in March ahead of a nationwide lockdown to contain the spread of the pandemic. While several states started partially reopening schools in October last year, the Delhi government allowed physical classes only for classes 9-12 in January this year, which were again suspended following the exponential rise in COVID-19 cases during the aggressive second wave.

Following a marked improvement in the COVID-19 situation in the national capital, the Delhi government had announced the reopening of schools for classes 9 to 12, colleges and coaching institutions from September 1.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

IndiGo starts six domestic flights from Indore

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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IndiGo started six domestic flights connecting Indore to Allahabad, Jodhpur and Surat on Sunday. The flights, virtually flagged off by Civil Aviation Minister Jyotiraditya Scindia, will operate daily, according to a statement.

Sanjay Kumar, chief strategy and revenue officer of IndiGo, said, “Direct connectivity from Indore, the largest city in Madhya Pradesh, to the political, tourist and business centres of Uttar Pradesh, Rajasthan, and Gujarat, will cater to the regional travel demand while promoting trade, tourism, and mobility.” Overall, IndiGo operates 604 weekly flights from Madhya Pradesh.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow