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Stock update. Read out Today Market Update The Adampur airport in Jalandhar is
all set to go on the country's civil aviation map tomorrow when budget carrier
Spice Jet launches its maiden flight to New Delhi under Udan, the government's
regional connectivity scheme. The airport is manned by the Indian Air Force.
The first Spice Jet flight from Adampur to New Delhi under the Udan scheme is
going to take off tomorrow and it will be operated with a 78-seater Bombardier
Q400 aircraft, the Airports Authority of India said in a release. The services
on the Adampur-New Delhi-Adampur route will be operated daily, the release
said, adding that Adampur airport will be the fourth aerodrome in Punjab to operate
flights under the scheme.
(GSFC) is the largest manufacturer
and one of the only two domestic makers of caprolactam, a chemical used for
making nylon fiber, is benefitting from improving realizations and high
caprolactam and benzene spreads. Benzene is the key raw material and it impacts
the overall profitability of the company. The spreads between benzene and
caprolactum has doubled since the beginning of FY18 to USD 1,340 per tonne.
Capro-benzene spread in February stood at USD 1000/MT and is trading around
above USD 1340/MT on account of lower production in China and domestic market.
HDFC or the Housing Development Finance Corporation reported a
39 percent jump in net profit to Rs 2,846 crore for the fourth quarter ending
March 2018, exceeding expectations despite an increase in the provisions. The
profit grew on the back of lower tax costs and stake sale in two of its
subsidiaries. Profit stood at Rs 2,044 crore in the year-ago period. AReuter’s
poll had estimated profit to rise by 20.5 percent to Rs 2,464 crore. The Keki
Mistry-led mortgage lender's tax cost declined 25 percent year-on-year to Rs
671 crore (including tax write-back of Rs 85 crore) for the quarter. For More
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