GAIL grows over pre-Covid levels, reports hike in net profit in Q2
NEW DELHI: Gas transportation utility GAIL on Tuesday reflected the general positive sentiment in the economy during the unlock phase reporting 16.5 per cent growth in its net profit for the July-September quarter of current financial year to Rs 1,239 crore as compared Rs 1,065 crore profit in the corresponding period of previous fiscal. The […]
Maximum 60% of pre-Covid domestic flights can be operated till February 24
NEW DELHI: Indian airlines can operate maximum 60 per cent of their pre-COVID domestic passenger flights till February 24 next year due to the prevailing coronavirus situation, the Civil Aviation Ministry has said. The ministry had informed the airlines about the 60 per cent limit through an official order on September 2 but it had […]
Hotel industry’s recovery to pre-Covid levels profits 3 years away: ICRA
NEW DELHI: The Indian hotel industry’s recovery to pre-Covid levels profits is at least three years away, ratings agency ICRA has said. The ratings agency said that road ahead for the industry is rough as revenues and margins are expected to post record decline in FY21 with losses mounting over the next two years. The […]