Domestic air traffic nearly doubles

Good morning!

Here are the top stories to start your day.

For more updates on F&O. Click here.

⭐ Domestic air traffic nearly doubles

Domestic passenger traffic grew by 96% YoY to 1.25 crore passengers in January 2023 as against 64 lakh passengers in the same period of last year, according to data released by DGCA. Listed air carriers like Interglobe Aviation and SpiceJet reported 82% and 91% occupancy rates respectively.

⭐ CESL shortlist six companies for e-buses 

Government agency Convergence Energy Services Limited (CESL) has selected six commercial vehicle manufacturers to supply 6,465 electric buses across six states. Listed companies like Ashok Layland’s Switch Mobility and JBM Group are amongst the chosen automakers for the e-bus tender under the National Electric Bus Programme (NEBP). NEBP aims to deploy 50,000 e-buses across the country. 

⭐United Spirits disinvestment 

United Spirits board of directors has approved the sale of its entire stake in its wholly-owned subsidiary, Sovereign Distilleries Limited. The company will divest its stake to Sri Lakshya Traders for a total consideration of ₹32 crore.

Global markets (at 9:15 AM today)

Fact of the day

As per report by Ookla, India climbed ten spots to 69th place in median mobile speed globally in January. 

Source: Economic Times