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Middle East Conflict Airline Profits: Middle East conflict to cut airline profits 10-15% this fiscal as ATF costs, rupee pressure bite: Report

Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee depreciation caused by the Middle East conflict weigh on the sector, a Crisil report said on Wednesday.The rating agency estimated that the combined operating profit of domestic airlines could...
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Stocks making the biggest moves premarket: KMX, ASTS, LION

Check out the companies making the biggest moves premarket: Carmax — Shares rose more than 3.5% after the company delivered an earnings and revenue beat in its first-quarter financial report. CarMax reported earnings of $1.31 per share, well above analysts polled by LSEG’s expectations for earnings of 95 cents per share. AST SpaceMobile — The...
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Investing in US stocks gets easier: Several Indian trading apps get Gift City go ahead

GIFT City is also witnessing growing activity as an increasing number of fintech firms seek licences there to broaden their participation in cross-border financial transactions. (AI image) Looking to invest in US stocks? Leading Indian new-age brokerages, including Groww, Zerodha, Angel One and Upstox, are expanding into overseas equity investing after obtaining licences from the...
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