Q4 net falls 6.9 percent, lags forecast
Larsen and Toubro Ltd (L&T) posted a worse-than-expected 6.9 percent fall in quarterly profit as interest costs jumped for India's biggest engineering and construction company. Article | Full Coverage
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Kingfisher asked to stop ticket sales until concerns resolved - source
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
1 of 2. An airlines staff member sits in front of a closed Kingfisher Airlines ticketing counter at the airport in Kolkata October 3, 2012.
Credit: Reuters/Rupak De Chowdhuri
NEW DELHI |
NEW DELHI (Reuters) - The aviation regulator has asked Kingfisher Airlines Ltd, which faces a possible shutdown by the government after an extended grounding of its fleet, to stop selling tickets until its concerns are resolved, a government source said.
"Earlier they (Kingfisher) said they will start from the 4th, now they are saying 12th. We told them today to get issues sorted out first and then sell tickets," the source said on Tuesday.
Debt-strapped Kingfisher stopped flights on October 1 after a weekend protest by staff turned violent and has extended what it described as a partial lock-out to October 12.
The Directorate General of Civil Aviation told the airline last week to demonstrate why its permit to fly should not be suspended or cancelled, saying the airline had failed to establish a "safe, efficient and reliable service".
(Reporting by Anurag Kotoky; Editing by Anand Basu)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters