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IndiGo earns $87.3 million profit in fourth-quarter

  New Delhi / Bloomberg IndiGo, India’s largest airline, posted fourth-quarter profit exceeding analysts’ estimates as a slump in crude oil cut fuel costs, helping the carrier offer cheaper fares and garner a bigger share of the world’s fastest-growing air travel market. Net income in the three months through March was almost unchanged at 5.79 billion rupees ($87.3 million) compared ...

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Nissan recalls 3.8 million cars over faulty airbags

  Tokyo / AFP Nissan said it will recall more than 3.8 million vehicles, mostly in North America, because the passenger-side airbag may not deploy in a crash due to a defect in the seat sensor. The Japanese automaker said the global recall would cover 2013-2017 including some Nissan Altima, Leaf, Maxima, Murano, Pathfinder, Sentra and Rogue models. “This recall ...

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Sharp to post loss of 250bn yen

  Tokyo / Bloomberg Japan’s Sharp Corp. will post a net income loss of 250 billion yen ($2.3 billion) for the year through March, according to the Mainichi newspaper. The company had previously said it expects a loss of 170 billion yen on an operating level. Sluggish sales at the firm’s display and solar battery units were given as reasons ...

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