IndiGo, SpiceJet nosedive 6%: Will rising crude and Israel-Iran conflict trigger more pressure on aviation stocks?

Israel- Iran Conflict: Shares of aviation companies, especially InterGlobe Aviation (IndiGo) and SpiceJet, nosedived on Friday, June 13, as a perfect storm of negative catalysts triggered a sector-wide sell-off. IndiGo plunged nearly 6 per cent to hit an intraday low of Rs 5,175, while SpiceJet slipped nearly 2 per cent to Rs 42.16. The sharp decline…

8th CPC Salary Calculations: Are you Level 3-10 central government employee? See your estimated revised pay at 2-2.50 fitment factors (detailed tables)

8th Pay Commission Salary Calculations: The fitment factor is set to play a key role in the 8th Pay Commission salary revision. A decimal change in the fitment factor can increase a central government employee’s salary significantly. The difference is their salary can be huge if the fitment factor is decided at 2 or 2.5….

Stock market update: Sensex down 587 points, Nifty drops 177 amid rising Middle East tensions; gold hits new high of Rs. 1 lakh

Indian markets staged a partial recovery by midday Friday after opening sharply lower amid intensifying tensions in the Middle East. However, benchmark indices remained in negative territory as investor sentiment stayed fragile following Israel’s pre-emptive strikes on Iran. As of 1:35 PM, the BSE Sensex was down 587.09 points, or 0.72 per cent, at 81,104.88,…