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IPO-bound profitable IndiGo has negative net worth

No-frills carrier IndiGo’s parent InterGlobe Aviation, which is gearing up for Rs 3,200-crore initial share sale, may be profitable, but its net worth has come down significantly in three months ended this June.Remaining profitable for nearly seven years, InterGlobe, however,…

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GoAir Plans IPO This Fiscal Year: Report

Budget carrier GoAir is planning to go for an initial public offer in the current fiscal year, ahead of the scheduled delivery of 72 new Airbus A-320 aircraft starting April next year.Wadia Group-promoted GoAir would be the second domestic carrier…

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IT second-most favoured sector by fund managers

Software stocks have regained their second-most favoured status with fund managers.This is the first time since March that fund managers have more assets deployed in information technology (IT) than in automobile stocks.In September, Rs 43,053 crore, or 10.65 per cent…

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Greek lawmakers clear way for $2.3 bn in bailout funds

Greek lawmakers, despite heated debate, approved a package of economic changes and austerity measures early Saturday, taking a step toward unlocking the first slice of loan money from the country’s nearly $98 billion international bailout program.The legislation covers some of…

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