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Tuesday,26-October-2021

Business

SpiceJet monsoon sale offers air tickets at Rs 999

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SpiceJet

It’s raining discounts for air passengers in India this monsoon season. After Vistara, it’s now SpiceJet offering rock bottom fares under its mega monsoon sale.

The low cost carrier is offering one way all-inclusive domestic sale fares starting from as low as Rs 999 for travel to select destinations such as Hyderabad-Belgaum, Belgaum-Hyderabad, Chennai-Hyderabad, Chennai-Bengaluru amongst others.

On Thursday, full service carrier Vistara had announced a 48-hour ‘Monsoon Sale’ across its domestic network that offers a one-way all-in fare starting Rs 1,099.

SpiceJet said it’s customers can enjoy weekend getaways and exciting holidays with the Monsoon sale’s free flight voucher. The free flight voucher is equivalent to the base fare amounting up to Rs 1,000 per PNR and is applicable for bookings with travel period starting from August 1, 2021 to March 31, 2022.

Welcoming monsoon with utmost fervour, the airline has also rolled out special offers from brands like Grofers, Mfine, Medibuddy, MobiKwik and The PARK hotels. These special brand offers are available for customers booking their tickets directly through SpiceJet website.

The airline also said that customers can avail special prices for essential Add Ons like preferred seats and You 1st Priority Services for just Rs 149. They can also chose SpiceMAX and get extra legroom, priority services, meals and beverage for just Rs 799 under this offer.

The sale will be valid for bookings made from 25 June, 2021 till 30 June, 2021 while the travel period validity for these bookings is from 1 August, 2021 to 31st March, 2022.

Shilpa Bhatia, Chief Commercial Officer, SpiceJet said, “With our special Mega Monsoon Sale offer, you won’t find a reason to say no to those much-awaited short breaks. Our new unbelievable fares and offers are carefully curated to give the best value to our passengers and ensure a great travelling experience.”

“We have also partnered with multiple brands to bring special deals to our passengers that will help them save time and money on their daily expenses and healthcare services.”

SpiceJet’s special discounted fare offer is valid for all one-way retail fares on direct domestic bookings. Tickets for the Mega Monsoon Sale can be booked across channels.

Business

Equity indices trade lower; Sensex down by over 300 pts

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India’s key equity indices – S&P BSE Sensex and NSE Nifty50 – traded lower during Monday’s early-morning session.

At 10 a.m., the 30-scrip sensitive index traded at 60,504.75 points, down 316.87 points or 0.52 per cent.

The Sensex opened at 61,398.75 points from its previous close of 60,821.62 points.

Besides, the NSE Nifty50 traded at 17,989.40 points, lower by 125.50 points or 0.69 per cent.

It opened at 18,229.50 points from its previous close of 18,114.90 points.

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Business

Nissan, Porsche face action over false emissions information

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South Korea’s antitrust regulator has decided to order Nissan Motor, Porsche AG and their two Korean units to take corrective steps for falsified information over gas emissions of their diesel cars.

Nissan Motor, Nissan Korea, Porsche and Porsche Korea are alleged to have stated false information about gas emissions of their diesel vehicles imported for sale in South Korea, according to the Korea Fair Trade Commission (KFTC).

The KFTC also decided to impose a fine of 173 million won ($146,700) only on Nissan Korea, reports Yonhap news agency.

Illegal software installed in their cars caused gas emission reduction devices to not fully operate during normal driving conditions.

The practice meant that the cars did not meet permissible emission levels, but the automakers falsified such facts in signs attached to their cars, according to the commission.

In September, the regulator fined Audi-Volkswagen Korea and Stellantis Korea a combined 1.06 billion won for similar allegations over gas emissions.

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Business

Fuel price hike paused after 5 days of increase

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The price hike of petrol and diesel paused on Monday after increasing for the last five days to reach their highest-ever levels across the country.

Accordingly, the pump price of petrol in Delhi remained at Rs 107.59 a litre, while diesel prices also stood at Sunday’s level of Rs 96.32 a litre, according to a price notification of state-owned fuel retailers.

In the financial capital Mumbai, where petrol prices increased to Rs 113.47 per litre and diesel to Rs 104.47 a litre, the highest among all metros, there was no further hike in the retail rates on Monday.

The fuel prices remained static on October 18 and 19, but increased for a fourth straight day by 35 paise per litre previously before again rising for five consecutive days between October 20 to 24. There was no change in rates on October 12 and 13.

Diesel prices have now increased on 24 out of the last 31 days, taking up its retail price by Rs 7.80 per litre in Delhi.

Due to the sharp hike, the fuel is now available at over Rs 100 a litre in several parts of the country.

This dubious distinction was earlier available to petrol that had crossed Rs 100 a litre mark across the country a few months earlier.

Petrol prices had maintained stability since September 5 but oil companies finally raised its pump prices last week.

The rates increased on 21 of the previous 27 days taking up the pump price of petrol by Rs 6.40 per litre.

Crude price has been on a surge rising over a three-year high level of over $86 a barrel as global demand remains firm while OPEC+ continues to move s lowly on increasing production.

Since September 5, wthe price of petrol and diesel in the international market is higher by around $9-10 per barrel as compared to average prices during August.

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