National

GoFirst Delhi-bound flight takes off without boarding 50 passengers at Bangalore airport, DGCA seeks report

GoFirst

Bangalore: The Directorate General of Civil Aviation (DGCA) sought a report from GoFirst Airlines on Tuesday after a flight G8 116 scheduled to depart from Bangalore forgot to board around 50 passengers on January 9.
While the airline shifted 53 out of the total 55 passengers to some other flight destined for different locations, the other two passengers were refunded. The passengers were returned their luggage as confirmed by some of the sources.

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A passenger who expressed her inconvenience through a tweet said, โ€œMost horrifying experience with GoFirst airlines. I boarded the bus for the aircraft at 5:30 AM for a flight that was at 6:30 AM. I was still in a bus stuffed with over 50 passengers, the driver stopped the bus after being forced. Flight G8 116 takes off, leaving 50+ passengers. Heights of negligence!โ€
The passenger while expressing her anger clarified that the driver of the bus to the aircraft didnโ€™t stop the bus on time and yet the flight took off without taking more than 50 passengers in.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Business & Finance

HDFC Securities recommends investors to โ€˜addโ€™ TCS with 10% return potential

ANI
HDFC

New Delhi: A day after IT services major Tata Consultancy Services released its October-December quarter earnings, brokerage firm HDFC Securities has recommended potential investors to โ€˜addโ€™ its shares to the investment portfolio.
The TCS shares are currently trading at Rs 3,265, and the brokerage firm pegged a target price of Rs 3,560, which essentially means an upside potential of about 10 per cent. โ€œTCS delivered revenue beat and in-line operating performance in Q3FY23. Revenue growth of 2.9 per cent QoQ (1.2 per cent estimated) was driven by a disproportionate rise in Regional Market and Others segment, based on growth in product and Asia Pacific business,โ€ said the brokerage Institutional Equities โ€“ HDFC Securities in a report on Tuesday.
The IT services firm on Monday reported a 10.98 per cent surge in its consolidated net profit to Rs 10,883 crore for the quarter that ended December 2022 (Q3FY23). The company had posted a profit of Rs 9,806 crore in the year-ago period.

Also Read: โ€˜Thamizhagamโ€™ Row: CPI(M) MP Su Venkatesan Cites Pongal Festival Invitation From Governor

TCS reported a 19.1 per cent year-on-year growth in its revenue for the quarter that ended in December 2022. The software giant said net income grew 11 per cent to Rs 10,846 crore during the December quarter whereas its net margin was at 18.6 per cent.
Also, it announced an interim dividend of Rs 7 and a special dividend of Rs 67 per share for its investors.
A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.
The third interim dividend and the special dividend shall be paid on February 3, 2023, to the companyโ€™s shareholders, whose names appear on the Register of Members of the Company or in the Depositoriesโ€™ records as beneficial owners of the shares.
The record date fixed for the purpose is January 17, 2023. The record date is for the purpose of ascertaining the eligibility of shareholders for payment of the dividend.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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