Jet Airways, once India’s largest private airline halted its operations indefinitely yesterday. The carrier flew its last scheduled flight from Amritsar to Mumbai yesterday, as the debt-ridden company decided to suspend its operations on a temporary basis with no cash to run operations any further.
Is this the end of the runway for the company?
Tata Motors is seen to be making a comeback. The auto major is planning to expand its electric vehicles (EV) segment in the passenger vehicle space by widening its portfolio. Shares of the company have rallied 62% from their February 8, 2019, low of Rs 142.
What’s triggering this rally?
Specialty chemicals maker Neogen Chemicals is set to raise over Rs 1.3 billion through its initial public offer (IPO) opening on 24 April.
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This article (Sensex at New Highs, Jet Airways Suspends Operations – Your Inside Scoop of the Markets) is authored by Equitymaster.