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Raoji's Corner

Engine Fail at Indigo

Today morning, Indigo sent out a remarkable release to the exchanges:

What is interesting is that on 24 Jan, 2018, the management said the following in it’s earnings transcripts call:

Basically, “All is Well”…nothing to worry.

But as this expose by Times Now shows :

At least 23 aircraft of Indigo Airlines had 69 engine failures over a span of 18 months between March 2016 and September 2017. A mega investigation by Times Now has revealed that the airline suffered about four engine failures every month over this period, thus risking lives of passengers on various routes.

Basically, “All was not well” and the management did not communicate the same to various stakeholders.

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Infographics

Peter Lynch: Know Thy Company

Source: Venkatesh Jayaraman

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TopClicks

Top Clicks on Alpha Ideas This Week

Here are the most clicked items on Alpha Ideas this week:

Galaxy Surfactants: A wealth creation story (AI)

BJP is on track to lose 2019 election (AI)

Chidambaram is planning a Oct meltdown in stock prices (Sunday Guardian)

Syschem: We know why our market cap is not improving (AI)

Vakrangee CEO butchers Tagore poem (AI)

Shankar Sharma Ko Gussa Kyon Aaya (AI)

This Kolkata guy knows multibaggers better than coding (AI)

Guess where the FII action is (AI)

Open challenge to Hasmukhbhai (AI)

Vakrangee Vs P C Jewellers (AI)

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Quotes

To be or Not to be….a 26 year old

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Excerpts

Pick your Poison

The S&P 500 fell officially into correction territory on Thursday, down more than 10 percent from its record reached in January.

 Rosenberg noted how the yield on the 10-year Treasury note rose 16 basis points during the drop.

“I cannot tell you how rare a market condition this is – that yields are rising into this risk pullback,” he wrote in a note to clients Friday.

Rosenberg cited how bonds rallied during the financial crisis in 2008 when the market fell and during other big corrections.

“But not this time. This rare occurrence of bond yields rising even as stock markets decline was a feature in 1987 and 1994,” he added. “What these periods had in common was Fed tightening concerns, jitters over economic overheating and an ever-flatter yield curve. One of these years had a huge correction and one had massive volatility and rolling corrections. Pick your poison.”-from CNBC