IndiGo’s worst operational meltdown led to thousands of cancellations, rising costs and reputational strain, but HSBC says the airline’s long-term fundamentals remain intact. The brokerage cut its target price but kept a ‘Buy’ rating, arguing that despite new pilot-duty rules and short-term disruptions, IndiGo’s cost advantage and market position are unchanged as operations begin to stabilise.
US stocks: US market ends mixed as investors focus on Big Tech earnings
Wall Street closed mixed as investors awaited tech earnings and feared rate hikes. Oil prices fell after President Trump discussed peace talks with Iran. Major