INSUBCONTINENT EXCLUSIVE:
Authors: JordanQ4 profit dropped to Rs 118 crore, from Rs 440 crore a year earlier, InterGlobe said.
he Sensex and Nifty edged lower today
The Sensex wad down 15 points while Nifty hovered around 10,705
Shares of InterGlobe Aviation, owner of India's top carrier IndiGo, fell almost 7 per cent on Q4 earnings
InterGlobe Aviation reported a 73 per cent slump in fourth-quarter profit on Wednesday, dragged down by higher expenses and fuel costs
Profit dropped to Rs 118 crore, from Rs 440 crore a year earlier, InterGlobe said in a statement
The NSE Nifty and BSE Sensex had ended flat yesterday.Asian shares were subdued on Thursday ahead of anxiously-awaited China-U.S
trade talks, while the US dollar consolidated recent bumper gains after the Federal Reserve reaffirmed the outlook for more rate hikes this
The Fed policy meeting ended with no change as expected while the central bank expressed confidence a recent rise in inflation to near
target would be sustained, leaving it on track to raise borrowing costs in June.Reports that the Trump administration is considering
executive action to restrict some Chinese companies' ability to sell telecoms equipment in the United States could unsettle investors
Talks between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He are due to kick off later on Thursday, but a breakthrough
deal is viewed as highly unlikely.MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat, while South Korean stocks
Japan's Nikkei was closed for a holiday, while E-Mini futures for the SP 500 barely budged
Wall Street had wobbled on Wednesday as potential U.S
restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations.The Dow ended down 0.72 per cent,
while the SP 500 also lost 0.72 per cent and the Nasdaq 0.42 per cent
