News Burger of the Day – Your Daily Prep Diet – Jan 21st

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If you follow these articles regularly, they will help you build a broader perspective of the current Indian and global business scenario. Also, moving away a bit from regular news, we will try to bring forth informative articles that will guide your preparation for interviews.

IndiGo Q3 profit rises 24% to Rs657 crore

InterGlobe Aviation Ltd, the owner of India’s largest and most profitable airline, said third-quarter profit rose 24% because of cheaper fuel prices and buoyant demand for travel on local routes.InterGlobe Aviation, in its first earning release after its initial share sale, said net profit rose to Rs.657.28 crore for the three months ended 31 December from Rs.531.56 crore in the year earlier, beating analysts estimates. Indigo also reported the highest quarterly profit before tax since its inception.

Axis Bank shares climb over 6% after December quarter results

The stock touched a high of Rs.412.40 in intra-day trade. Gains on the stock were the steepest since 28 February 2015. At 10.24am, Axis Bank was trading at Rs.408 on BSE, up 5% from its previous close, while India’s benchmark index Sensex rose 0.3% to 24,134.30 points.

Foxconn offers $5.3 billion for Sharp, plans to keep management

Taiwan’s Hon Hai Precision Industry Co. Ltd, also known as Foxconn, has offered ¥625 billion ($5.3 billion) to buy Sharp Corp. and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas takeover, the Wall Street Journal reported.

Intruder shot dead by BSF along India-Pakistan border in Pathankot

A suspected intruder was shot dead early on Thursday by the Border Security Force (BSF) along the India-Pakistan border in Pathankot where the force is on high alert following the 2 January terror attack on air force base.