BLOOMBERG Go Airlines India Ltd’s slide into bankruptcy has left travellers frustrated and confused, with many worried about how expensive re-booking tickets may be against the spiralling cost of air fares. The airline, majority owned by billionaire Nusli Wadia’s Wadia Group, is the latest to go under in one of the world’s fastest-growing aviation markets. It blames its fate on …

BLOOMBERG European stocks dropped as investors turned their focus towards a rates decision by the European Central Bank (ECB) after a quarter-point hike by the Federal Reserve. US regional lenders slumped on renewed worries about financial stability. Most industry groups were in the red in Europe, with energy a bright spot after Shell Plc posted strong quarterly profit and maintained …

BLOOMBERG Earnings estimates for Indian firms may be slashed by about 40% this fiscal year and next due to a host of global and domestic risks, according to Bank of America Corp (BofA). Consensus estimates for NSE Nifty 50 companies are lofty and haven’t moderated despite a weak outlook for software firms, analyst Amish Shah wrote in a note. Estimates …