Mystifying Shoaib

IndiGo, India's largest airline, has made aviation history by signing a groundbreaking agreement with Airbus for the purchase of 500 aircraft. This landmark deal surpasses Air India's recent 470-aircraft order, reflecting the intense competition to tap into India's expanding base of air travelers and vast expatriate population. The signing ceremony took place on June 19 at the Paris Air Show, attended by key executives from IndiGo, Airbus, and other industry leaders. IndiGo's Record-Breaking Order: IndiGo's order for 500 A320 Family aircraft has set a new record for the largest single purchase agreement in the history of commercial aviation, as acknowledged by Airbus. This deal brings IndiGo's total Airbus order count to a staggering 1,330, solidifying its position as the world's leading customer for the A320 Family. The agreement also ensures a continuous stream of deliveries between 2030 and 2035, further strengthening IndiGo's foothold in the Indian m...

Foreign investors have diverted their attention from China to embark on a substantial stock buying spree in India, amounting to a staggering $9 billion. This influx of capital has positioned them as the dominant purchasers in the Indian equity market for the current financial year. According to NSDL records, foreign institutional investors (FIIs) have only been net sellers on 8 out of 51 trading sessions in FY24. In contrast, domestic institutional investors (DIIs) have purchased stocks worth approximately Rs 6,500 crore, significantly lower than the Rs 72,000 crore invested by FIIs in Indian rupee terms. The ongoing rally of the Nifty by 8.5% in the June quarter, nearing all-time peak levels, has solidified India's appeal. This surge in foreign investment comes as China's economic rebound, which was observed earlier this year, lost momentum in the second quarter. Rahul Singh, CIO of Tata Mutual Fund, suggests that the post-lockdown recovery in China proved to be temporary, res...