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     Fairfax-owned Bangalore International Airport (BIAL) is expected to see a capacity expansion in with an investment of around $2 billion. This will help the airport handle 65 million passengers a year by 2028, against 20 million passengers at present. In a letter to shareholders enclosed with Fairfax India's annual report and shared with shareholders recently, Prem Watsa, chairman and chief executive of Fairfax Financial Holding, said: "This (BIAL) is indeed a very exciting investment for Fairfax India.For Expert Advice Click here: CapitalHeight

    Shares of Interlope Aviation Ltd plunged nearly 20 per cent on Thursday to a seven-month low and wiped out Rs 101.13 billion ($1.52 billion) in market capitalization after the owner of India’s biggest carrier Indigo reported dismal quarterly earnings. InterGlobe reported a 73 per cent slump in its fourth-quarter profit after market hours on Wednesday, hurt by a 33.5 per cent surge in fuel costs, lower yields and foreign exchange losses.
      India’s multiple revisions of gross domestic product growth estimates are “confusing,” much less provide a true state of the economy, according to researchers at the Reserve Bank of India. The first readings of GDP tend to underestimate growth more often than not, officers at the central bank’s Department of Economic and Policy Research wrote in a paper. Investors often question the veracity of official data in a country which has no timely employment report or retail sales numbers. Over the past few years, multiple changes have been made to how India uses and calculates statistics -- from economic growth and inflation to jobs and taxes.

    MRF posted a 20.4 percent year-on-year increase in net profit at Rs 345.32 crore in the fourth quarter of FY18. In Q4FY17, the net profit was Rs 286.77 crore.Net sales for Q4 grew to Rs 3,865.38 crore, up 4 percent from Rs 3,712.84 crore posted in Q4FY17.A Reuters poll had estimated net profit of Rs 405 crore on sales of Rs 3941 crore. For More Market Update Click Here: CapitalHeight

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