INDIGO FLIGHT CANCELLATIONS: 1.08 LAKH FLYERS HIT IN JANMAY

NEW DELHI: Over 1.08 lakh passengers were affected because of the large-scale flight cancellations by Indigo, government data has revealed. During the first five months of the year, up to May, the no-frills carrier cancelled 1,824 flights, impacting 1,08,549 passengers, the highest among the domestic carriers. The figures were shared by minister of state for civil aviation Jayant Sinha in a written reply in the Lok Sabha. However, the reasons for the flight cancellations were not given in his reply. “A significant reason for flight cancellations from January to May was grounding of neo planes, delivery delays and bad weather conditions in different parts of the country at different times, an Indigo spokesperson said. Most of the cancellations, the spokesperson said, “are planned in advance”.

JK Cement gets investors’ nod to raise ₹500 crore

NEW DELHI: JK Cement on Sunday announced that its shareholders have approved plan to raise up to ₹500 crore through issuance of non-convertible debentures on private placement basis. The special resolution was approved by the shareholders at the company’s annual general meeting held on July 28. The special resolution pertains to “issuance of private placed non-convertible debentures up to ₹500 crores during 2018-19 under Section 42 and 71 of Companies Act 2013,” the firm informed the bourses. In a BSE filing, the firm said the proposal was approved by the shareholders as 99.945% of votes were polled in favour.

Only 66% of registered firms are active: data

NEW DELHI: Nearly 66% of 17.79 lakh companies registered in the country were active at the end of June, official data showed amid the government continuing its clampdown on shell entities. Latest data from the corporate affairs ministry showed that there were more than 11.89 lakh active companies as on June 30. Generally, active companies are those carrying out normal business activities and make their statutory filings on time. Intensifying the crackdown on illicit fund flows, the ministry struck off names of around 2.26 lakh companies last fiscal, from the official records for not carrying out business activities for long. More such entities are under the scanner and are likely to face regulatory action.

FPIS net inflow into equities at ₹1,800 cr in July so far

NEW DELHI: Foreign investors have put in over ₹1,800 crore in the Indian equity markets so far in July after pulling out massive funds in the preceding month.

The latest inflow comes after such investors had taken out more than ₹20,000 crore from the stock market during April-june. According to the latest depository data, foreign portfolio investors (FPIS) pumped in a net sum of ₹1,848 crore in equities during July 2-27. However, they withdrew ₹482 crore from the debt market during the period under review. FPIS have pulled out nearly ₹4,600 crore in equities, while they withdrew close to ₹42,000 crore from the debt markets, so far.

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