India Business

Global Vectra to pump $130 million in next two years

Global Vectra HelicoptersGlobal Vectra Helicopters, part of the $800-million Vectra Group, is presently looking at the option to make an investment of $130 million over the next two years to enhance its fleet size as well as consolidate its operations.

Moreover, the company is also looking at the possible option to raise funds, which it will use to increase its fleet strength by 14 helicopters to 45 in two years.

The company intends to focus more on off-shore activities which are basically non-oil and gas.

NSE excludes 50 stocks from F&O

NSE excludes 50 stocks from F&OThe National Stock Exchange, through a circular, has decided to exclude 50 stocks from the Futures & Options segment. Most of the stocks were seen under pressure in today's trading session.

These firms, including Alok Textiles, Arvind, Ballarpur Industries, Bata India, Gateway, GNFC, Jet Airways, MindTree, NDTV, Network 18, Reliance Industrial Infrastructure, S. Kumars, Strides Arcolab, TVS Motor, UTV Software and Wockhardt. Traders will not be able to trade in F&O segment in these stocks after the expiry of contracts for existing months.

Airlines cuts air fares to woo passengers

Airlines cuts air fares to woo passengersSome Private Airlines have decided to make air travel cheaper, cutting air fare to woo more passengers and to increase demand in the aviation sector, facing the heat of global slowdown under the impact of low demand across the segment.

Domestic carriers including SpiceJet Ltd, Jet Airways (India) Ltd, JetLite (India) Ltd, GoAirlines (India) Pvt Ltd and Air India announced various discount schemes and fare cuts to boost sale across the segment.

Rencently, some private airlines increased the price of tickets by Rs 300.

Wireless market’s astounding March figures; 15.87 million subscriber-additions

Telecom Regulatory Authority of IndiaAs per the most recent data from TRAI - Telecom Regulatory Authority of India - mobile operators in India added an all-time high of 15.87 million subscribers in March, largely because of spreading out of mobile networks in smaller towns and rural areas. The record marks a step ahead of the February subscriber-addition figures of 13.82 million, and the January figures of 15.41 million.

Energy Trading Update and Market Outlook: Nirmal Bang

petrolU. S. crude oil futures settled higher on Tuesday lifted by a bounce on Wall Street and amid volatility associated with the expiration of the May crude contract at the close. Crude rose after falling more than $2 earlier as uncertainty about a quick economic recovery and bank stability that pressured global equities pushed oil lower.

Natural Gas fell very sharply due to milder weather and expectation of built in inventory.

South Korea, the world's fifth-largest crude oil buyer, imported 61.82 million barrels of crude or 1.99 million barrels per day (bpd) in March, down from

Base Metals Trading Strategy and Commodity Market Update: Nirmal Bang

copperBase metals witnessed sharp gap down opening on MCX as fall in equities market on Monday triggered selling in non ferrous metals, later during the evening session speech by U. S. Treasury Secretary reduced anxiety amongst traders.

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