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“This is a transition phase as the airline industry moves from pre-pandemic level to a post pandemic level now and as these additional airlines come on stream. It will take six months, maybe a year, maybe a year-and-half for the staff churn to settle down. It certainly is a very big issue for IndiGo.”

Marksans Pharma’s filing to the exchanges about the buyback proposal said a meeting of the Board of Directors of the Company is scheduled to be held on Friday, 8th July 2022 to consider the proposal for buyback of fully paid-up equity shares of the company.

United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 58247.36 Crore) operating in Beverages - Alcoholic sector.

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A total of 93 shares changed hands on the counter till 11:11AM (IST).

“It is hard to do anything when crude oil prices are so high or when commodity pack prices are so high. We are net importers. We have to let the rupee depreciate a little bit so that at least the competitiveness of exports is not diluted too much. That is possibly the sort of policy decision that is needed now.”

A board meeting of Sungold Media and Entertainment will take place today to consider the preferential issue of shares and the board of Bengal Steel Industries will meet to consider the voluntary delisting of shares.

Economists polled by Reuters expect the Reserve Bank of Australia on Tuesday will deliver another half-percentage-point rise in interest rates as it fights to tame inflation at two-decade highs, matching the increase it delivered last month in a hawkish surprise.

Stocks that were in focus included names like Jamna Auto Industries which rose over 4 per cent, IDFC First Bank which gained more than 5 per cent, and ITC which hit a fresh 52-week high and closed with gains of nearly 3 per cent.

The index has fallen 16% so far this year, as worries that central banks around the world will push economies into recession to break red-hot inflation have sent investors running for cover.