IndiGo’s parent company, InterGlobe Aviation, saw its shares rise significantly. This surge followed a penalty from the Directorate General of Civil Aviation for flight cancellations. Investors reacted positively as the fine was less than anticipated. The company had faced disruptions in December due to crew time limits and aircraft issues.
SK Hynix makes US debut with $29-billion listing
South Korean chipmaker SK Hynix is making a massive $29 billion US stock market debut, aiming to boost its valuation and compete with rivals like