NSE share market NEWS tomorrow (17 October, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (17 October, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 17 October 2023
Inox Wind was amongst the top gainers, currently trading at 219.45 in NSE with 4.317 times change in volumes and 7.917% change in price. Other gainers included Supreme Industries with 6.606% price change and 0.871 times volumes, Kalyan Jewellers with 3.822% price change and 0.85 times volumes, Bond 8 with 3.735% price change and 6.609 times volumes, and Oil India with 3.674% price change and 1.628 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Mphasis was amongst the top losers, currently trading at 2290.75 in NSE with 2.278 times change in volumes and -2.914% change in price. Other losers included Odisha Cement with -2.851% price change and 0.497 times volumes, Kpit Technologies with -2.477% price change and 0.875 times volumes, Havells India with -2.135% price change and 1.638 times volumes, and Kaynes Technology with -2.124% price change and 0.599 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
L&T Tech trims FY revenue growth guidance; Q2 profit up 4.7% to Rs 315 cr. The unit of engineering conglomerate Larsen and Toubro now expects revenue in dollars for this fiscal year ending March to grow 17.5%-18.5% in constant currency
Govt to sell up to 7% stake in HUDCO through an offer for sale this week. The plan includes selling 3.5% of the company, with an option to sell an additional 3.5% if the offer is oversubscribed
Exploring tie up with Japanese companies for chip plant in Gujarat: Vedanta. Vedanta's Akarsh K Hebbar during Vibrant Gujarat Global Summit roadshow in Japan had said that it is bn opportunity for cos willing to come and invest in electronics manufacturing hub in Guj
IndiGo launches flights to 20 international destinations in last six months. The international flights include new routes and the resumption of flights within the airline's network
KKR-backed Avendus to tap tech investment banking deals in Southeast Asia. Majority owned by KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising
L&T Tech PAT grows 5.1%, FY24 revenue guidance slashed to 17.5-18.5%. The company has slashed its full-year FY24 revenue guidance to 17.5-18.5 per cent year-on-year growth in constant currency (CC) terms
CCI approves merger of IDFC Ltd with its subsidiary IDFC FIRST Bank. Fair trade regulator Competition Commission of India (CCI) on Tuesday approved the merger of IDFC Ltd with IDFC FIRST Bank. IDFC FIRST Bank is in the business of providing banking services, while its parent IDFC Ltd (IDFCL) is an RBI-registered non-banking
Glenmark gets USFDA nod to market generic version of Otezla tablets. Glenmark's current portfolio includes a total of 188 products that have been authorised for distribution in the US marketplace
ICICI Prudential Life Q2 results: Net profit rises 23% despite lower income. ICICI Prudential Life Insurance Company on Tuesday reported a 23 per cent increase in its net profit at Rs 244 crore in the quarter ended in September 2023 despite lower income. The company's net profit in the same quarter a year ago stood at Rs 199 crore.
Bajaj Finance Q2 results: Consolidated net profit up 28% to Rs 3,551 cr. With rising cost of funds BFL expects further compression in NIMs
Titan to raise Rs 2,500 cr via unsecured NCDs on private placement basis. Leading jewellery and watchmaker Titan on Tuesday said it will raise Rs 2,500 crore from the markets through unsecured Non-Convertible Debentures (NCDs) on a private placement basis. The board of the company in a meeting on Tuesday "approved the proposal f
ICICI Prudential Life Insurance Q2 net profit up 22.4% to Rs 244 crore. The net premium income of the company rose to Rs 10,022 crore, nearly 5 per cent higher from Rs 9,582 crore in the year-ago period
Trusts linked to Torrent Power, others from open offer conditions exempted. Regulator Sebi on Tuesday exempted four family trusts linked to promoters from making open offers to the shareholders of three companies -- Torrent Power, Torrent Pharmaceuticals and Gujarat Lease Financing -- following their proposed indirect share acquis
I-T moves HC against tribunal for favouring LIC in Rs 5K cr tax cases. The litigation has been filed by the Principal Commissioner of Income Tax, Mumbai, for two claims: Rs 1,838.87 crore and Rs 3,153.97 crore from AY 2014
Syngene International Q2 results: Net profit rises 14.22% to Rs 116.5 crore. Syngene International Ltd on Tuesday reported a 14.22 per cent increase in consolidated net profit at Rs 116.5 crore in the September quarter. The company had posted a consolidated net profit of Rs 102 crore in the year-ago period, Syngene International sa
Global Maritime Summit: VPA inks deals with NHAI, Trion worth Rs 1,400 cr. The Visakhapatnam Port Authority (VPA) on Tuesday entered into agreements with the National Highways Authority of India (NHAI) and Trion Properties to execute projects worth Rs 1,400 crore. The port authority inked these deals at the ongoing Global Maritim
Ericsson India sales jump 3.5 times to about Rs 7,400 cr in Jul-Sept qtr. Swedish telecom gear maker Ericsson's net sales in India grew over 3.5 times to about Rs 7,400 crore (9.6 billion Swedish Krona) in the third quarter ended September 30, as per its financial report released on Tuesday. Ericsson had recorded 4 per cent of t
Adidas lifts revenue guidance, forecasts smaller 2023 operating loss. The German company said it now expects an operating loss for 2023 of around 100 million euros (6 million), from a previously expected 450 million euros
Ambani's youngest son, Anant, faces proxy firms' pushback on board seat. "A vote against this resolution is warranted as Anant Ambani's limited leadership/board experience of around six years, raises concerns on his potential contribution to the board," ISS said
Space-tech startup Agnikul Cosmos raises Rs 200 crore, eyes expansion. Space-tech startup Agnikul Cosmos, incubated by IIT-Madras, on Tuesday said it has raised Rs 200 crore in the Series-B funding round and aims to use that for supporting its expansion plans as the firm looks at putting satellites in orbit. Agnikul has start
Maruti to pay .54 billion in stock to Suzuki Motor for local plant. Maruti will issue 12.3 million preference shares at Rs 10,420.85 each, which is a 2.7 per cent discount to the stock's closing price on Monday. The stock dropped 0.6 per cent on the day
Jio Financial set to launch suite of loan products to expand footprint. JFS plans to launch auto, home loans and other products, as the billionaire Mukesh Ambani-backed company seeks to establish itself as a full-service financial services firm in a rapidly growing market
Government to exit Hindustan Zinc Ltd, but over an extended period. The residual stake is valued at approximately Rs 40,000 crore at current market prices
Ajmera Realty bags housing project in Mumbai; eyes Rs 360 cr sales revenue. Ajmera Realty & Infra India Ltd on Tuesday said it will redevelop a housing society at Versova in Mumbai and is expecting to generate Rs 360 crore revenue from this project. In a regulatory filing, the Mumbai-based company informed that it has undertaken "
Bajaj Finance picks 26% stake in fintech firm Pennant Technologies. Pennant will become a related party of Bajaj Finance after completion of deal
Zomato has nothing to do with helmet-less woman biking viral video: CEO. Zomato Managing Director & CEO Deepinder Goyal on Tuesday clarified that the company has "absolutely nothing to do" with a viral video in which a woman is seen riding a motorcycle without helmet dressed as a delivery partner of the online food delivery fir
MSIL to issue shares worth Rs 12,841 cr to acquire Gujarat plant from SMC. Share issue will raise Suzuki Motor Corporation's ownership in Maruti Suzuki India to 58.19%
CEAT eyes market leadership in EV tyres within the next two years. Banerjee said that Ceat is focusing on specialty tyres, whether for agricultural use or other segments
Coal India, GAIL, RCF to partner to invest 2 mn in fertiliser JV. NEW DELHI (Reuters) - State-run firms, Coal India, GAIL India, and Rashtriya Chemicals & Fertilizers (RCF), will invest 30.95 billion rupees (1.90 million) in their fertiliser joint venture in Odisha, two government officials told Reuters.
Skoda Auto Volkswagen India to commence exports to Vietnam from 2024. koda Auto Volkswagen India Pvt Ltd on Tuesday said it will start exports to Vietnam from 2024 as part of its strategy to accelerate export operations in the ASEAN region. The company, which has inaugurated its parts expedition centre (PEC) at the Volkswage
Tata Harrier, Safari facelifts launched, get five-star safety rating. Harrier and Safari are Tata's first cars to be tested under the new, more stringent norms of Global NCAP testing
Bajaj Finance Q2 results: Consolidated PAT rises 28% to Rs 3,551 crore. Loan losses and provisions grew nearly 47% year-on-year in the quarter to Rs 1,077 crore, up from Rs 734 crore a year ago
Thailand's MQDC to open 42,000 square feet co-working centre in Gurugram. Thailand-based leading realty firm Magnolia Quality Development Corporation (MQDC) will soon open its second co-working centre in India and has taken on lease 42,000 square feet of office space in Gurugram. MQDC already has one co-working facility in South
Dabur receives GST demand notice of Rs 320.60 cr, firm to challenge matter. Homegrown FMCG and Ayurvedic products maker Dabur on Tuesday said it has received a Goods and Service Tax (GST) demand notice of Rs 320.60 crore. The company will challenge the same based on strong merits by filing its reply before the relevant authorities
Tata Elxsi Q2 results: Profit rises 14.8% on uptick in transportation biz. The company's net profit rose 14.8% year-on-year to Rs 200 cr (.03 million), while revenue from operations climbed to Rs 882 cr
Goldman Sachs profit plunges to .06 billion on impact from fintech sale. The Wall Street giant reported net profit of .06 billion, or .47 per share, for the three months ended Sept. 30, it said on Tuesday
Dabur receives Rs 320 crore GST demand; company to challenge notice. The company intends to challenge the notice based on 'strong merits' in front of the relevant authorities and has ensured this does not impact the overall financials or operations going forward
CCI brings draft leniency plus regulations for cartels, invites comments. The Leniency Plus regime was introduced in the new Competition (Amendment) Act, 2023, although several provisions of the Act are yet to be notified
SUV segment to see intense competition among players: Tata Motors. Tata Motors on Tuesday said it plans to keep updating its SUV range as it expects the robustly growing segment to remain highly competitive with presence of all leading players. Sports utility vehicles are driving the overall growth of the domestic passeng
E-commerce firm Meesho's CXO for business Utkrishta Kumar moves on. Megha Agarwal, the current CXO for growth at Meesho, will take the mantle from Kumar and be the new CXO for business and Nilesh Gupta will take on the role of general manager for user growth
Table Space to invest Rs 500 crore in 'TS Suites' over the next 18 months. TS Suites are pre-built offices on short and mid-term contracts, which are made available in under 24 hours
Zensar Technologies Q2 results: Net profit up 206.3% to Rs 173.9 crore. In terms of verticals, Manufacturing & Consumer and Banking & Financial Services led the growth for the second quarter, growing at 6.7 per cent and 3.1 per cent respectively
Muted revenue growth, higher profitability for RIL in quarter ending Sept. RIL's refining segment gains are expected to be partially offset by a slump in petrochemical margins and planned shutdowns at the refining facilities
AI startup Leucine gets mn funding from Ecolab Inc, angel investors. Leucine's platform can be rolled out in as little as eight weeks, thanks to its proprietary AI-enabled digital process builder
Grasim Industries to raise Rs 4,000 crore through rights issue of shares. The fund raise comes a month after of the textile-to-chemicals maker announced plans to enter the paint business under the brand name 'Birla Opus' in the fourth-quarter of fiscal 2024
BimaKavach receives IRDAI's approval for direct insurance broking. In 2022, the company secured million in funding from WaterBridge Ventures, Blume Ventures, Arali Ventures, and Eximius Ventures
NLCIL incorporates wholly-owned arm NIGEL for commissioning green projects. NLC India Ltd on Monday said it has incorporated a wholly owned arm NLC India Green Energy Ltd (NIGEL) for commissioning of green projects. NIGEL will take care of planning, participating in upcoming renewable energy tenders, execution and commissioning of
Chennai firm Data Patterns inks strategic MoU with Isro, to acquire SAR. SAR technology is capable of generating high-resolution images from space, unaffected by weather conditions, and can collect data during both day and night
HDFC Bank's bad loan jumps, margin narrows post-merger, Q2 profit up 50.6%. Net interest margins, which had been above 4 per cent for many years, dropped to 3.4 per cent in the July-September period, largely owing to the higher cost of funds from the erstwhile HDFC
Bofa Securities, Societe Generale offload Delta Corp shares worth Rs 56 cr. Two entities -- Bofa Securities Europe and Societe Generale -- on Monday offloaded shares of Delta Corp Ltd for Rs 56 crore through open market transactions. Following the sale, shares of Delta Corp tumbled 8.18 per cent to close at Rs 128.55 apiece on the
NCLT has considered SBI petition for withdrawal: Bajaj Hindusthan Sugar. The company owed banks around Rs 4,771 crore and had availed itself of two debt-restructuring schemes, leading to steep haircuts taken by the lenders
Ford executive chair Bill Ford calls on autoworkers to end strike. Ford Motor Co. Executive Chairman Bill Ford called on autoworkers to come together to end a monthlong strike that he says could cost the company the ability to invest in the future. In a rare speech during contract talks in the company's hometown of Dearbo
Jio Financial Services' net profit doubles sequentially in Sept quarter. A R Ganesh appointed group chief technology officer
TPREL & Endurance Tech to set up 12.5 MW captive solar plant in Maharashtra. Tata Power Renewable Energy Ltd (TPREL) on Monday said it has signed an agreement with Endurance Technologies Ltd for setting up a 12.5 MW captive solar plant in Maharashtra. It has already signed a Power Delivery Agreement (PDA) with Endurance Technologie
Bitcoin gives up gains after BlackRock denies ETF approval report. In a post on X, Coin Telegraph apologized for its earlier post, which it said "led to the dissemination of inaccurate information"
Midcap IT services company Mphasis appoints Ayaskant Sarangi as CHRO. Before joining Mphasis, Sarangi served as CHRO at Wipro Enterprises, where he led human resources functions
Ceat Q2 PAT jumped 32-fold, helped by better product mix, price hikes. The company declared results post market hours. The company's stock was down marginally (1.7 per cent) on the BSE to Rs 2,101 apiece
India should look at making niche, medium-sized vessels: Cochin Shipyard MD. India can be in a "positive spot" when it comes to ship building prospects and the country should look at making niche, technologically-advanced vessels rather than large bulk carriers, according to a senior industry official. Cochin Shipyard Ltd's Chairma
Travel platform Yatra Online reports Q1 net profit of Rs 5.99 crore. Platform sees strongest quarter on the air front since Covid
Godrej Interio aims Rs 450 crore revenue from north India by FY26. Godrej Interio, a leading furniture and interior solutions brand, said it aims to generate Rs 450 crore revenue from northern India by FY26. Besides, it also looks to almost double its market share in the organised furniture sector in Delhi-NCR, the bigges
Meesho sees record 16 mn new app installs during Mega Blockbuster sale. With 1.2 billion customer visits, categories such as home and kitchen, fashion as well as beauty and personal care garnered more than 72 orders per second
Zydus Lifesciences appoints Punit Patel as president & CEO of Americas. Punit Patel will oversee the business operations of all Zydus entities in North America, including generics, injectables, specialty business, rare and orphan disease portfolio
OYO launches 60% festive discount for Indian tourists visiting Dubai. OYO has a network of more than 130 properties including OYO Smart and OYO Homes in Dubai
Federal Bank's standalone net profit rises 36% to Rs 954 crore in Q2. Private sector lender Federal Bank on Monday reported a 35.54 per cent jump in standalone net profit for the second quarter of this fiscal at Rs 953.82 crore, helped by rise in net interest income. The south-based lender had posted a net profit of Rs 703.7
Federal Bank Q2 results: Standalone net profits up 35% YoY, NPAs down 2.26%. The bank's Net Interest Income (NII) stood at Rs 2,056.4 crore, up by 16.7 per cent Y-o-Y
Bank of Maharashtra Q2 results: Profits up 71% YoY, NPA down 2.19%. Gross NPA down to 2.19% from 3.40% last year and net NPA down to 0.23% from 0.68% last year
Zydus appoints Punit Patel as President & CEO for North American Operations. Punit Patel brings over 20 years of experience in both generic and branded pharmaceutical sectors
Engine lessor and SpiceJet arrive at million interim settlement: Report. The engine lessor has agreed not to pursue the stay application against SpiceJet for the time being
Skootr gives on lease 21,000 sq ft to US based Pinnacle in Hyderabad. Co-working firm Skootr has provided on lease 21,000 square feet office space to US-based Pinnacle at its new centre in Hyderabad. Real estate consultant Colliers India facilitated the leasing deal. Pinnacle, a leading industrial reliability solutions compa
Infosys opens new development centre in Vizag to upskill employees with AI. Spanning 83,750 square feet, the facility is designed to accommodate approximately 1,000 employees and provide greater flexibility for hybrid working arrangements
OYO platform to get 750 hotels in next 3 months to tap peak travel season. Hospitality technology firm OYO on Monday said it will add 750 hotels on its platform in the next three months in over 35 leisure markets to tap the festive and winter tourism season. Majority of the new hotels will be incorporated under OYO's premium bran
REC to finance 2 green hydrogen, thermal project worth Rs 40,000 crore. State-owned REC Ltd on Monday announced signing of initial pacts to finance two green hydrogen and a thermal power project in Odisha. REC has signed an MoU with Odisha Power Generation Corporation (OPGC) to finance Rs 9,538 crore for development of two uni
Ola, Uber drivers go on strike demanding better remuneration, bike taxi ban. A large section of cab drivers of Ola and Uber went on a strike on Monday demanding fare regulation, a ban on bike taxi services that they say are eating up their revenue, and stringent action on certain toll booths functioning beyond their contract period
Karur Vysya Bank net profit surges 51% to Rs 378 cr in quarter ending Sept. Total advances were Rs 70,448 crore, marking a 15.32 per cent growth from Rs 61,086 crore in the previous year
Proportion of new deal wins into revenues intact, says TCS official. The proportion of new deal wins into revenues is "intact", a senior official at largest IT services company TCS has said, attributing the sluggish revenue growth to the adverse impact on discretionary demand because of economic headwinds. Stating that disc
Hiranandani Group to invest Rs 2,000 cr on new housing project in Mumbai. Realty firm Hiranandani Group will invest Rs 2,000 crore to develop the first phase of its luxury housing project comprising 330 units at Powai in Mumbai and has already sold 150 units for Rs 1,100 crore within the first week of launch. In a statement on M
HDFC Bank Q2 result: Net profit rises 50% to Rs 15,796 crore; NII up 30.3%. Net interest income (NII) for the Q2FY24 grew by 30.3 per cent to Rs 27,385 crore from Rs 21,021 crore for the Q2FY23
Will file much-delayed March 2022 financial results this week, says Byju's. Byju's, which has missed payment on a .2 billion term loan, said it's completed a long-awaited audit of all group units. Parent Think & Learn Pvt Ltd
Signature Global cuts net debt by 66% in last six months to Rs 370 crore. Realty firm Signature Global's net debt declined 66 per cent to Rs 369.96 crore at the end of the September quarter from Rs 1,093.89 crore at the end of last fiscal year. "Our net debt reduced to Rs 369.96 crore at the end of HI, FY24 from Rs 1,093.89 cror
Tata Steel arm TCIL net loss narrows to Rs 2.29 crore in Sept quarter. The Tin Plate Company of India Ltd (TCIL) on Monday said its net loss had narrowed to Rs 2.29 crore in the September quarter. It had clocked a net loss of Rs 35.10 crore during the July-September period of the preceding financial year, TCIL said in a regul
ICICI-Videocon scam: SC issues notice on plea challenging Kochhar's bail. The CBI arrested the Kochhar couple on December 23, 2022, in connection with the Videocon-ICICI Bank loan fraud case
Apollo Health targets high-end customers with new 'boutique' hospitals. According to Apollo's Q1FY2024 results, both Spectre and Cradle Royale showed a combined in-patient Average Revenue Per Patient of Rs 2.12 lakh
Wealthy Indian diaspora wooed by DLF to buy luxury apartment for investment. Earlier this year, DLF had sold 1,137 apartments costing almost a million dollars each in just three days
Groups working overtime to harm our name: Adani Group on Dubey-Moitra spat. In its statement the Adani Group said these charges reveal an arrangement to hurt the groups reputation
Petromin, HPCL partner to launch 1,000 vehicle service centres across India. Hindustan Petroleum Corporation Limited (HPCL India) in partnership with Saudi Arabia-based Petromin Corporation on Monday launched the first set of 16 express vehicle service centres in Bengaluru and Chennai. These are the first of 1,000 'HP Petromin Expr
Cashfree Payments, Global Trade Plaza partners to lift cross-border payment. Exporters will also receive auto-generated foreign inward remittances advice (e-FIRA), the company stated
Spicejet, lessor reach interim settlement, next hearing in February. SpiceJet is supposed to pay over million to the engine lessor by January according to settlement terms
SIDBI & GAME onboards 18 cohorts to NBFC Growth Accelerator Program. The joint initiative by SIDBI and GAME is expected to bolster the lending capacity of MSME focused NBFCs
Jio Financial Services Q2 results: Net profit surges 101% to Rs 668 crore. Total income rose by 46.8% to Rs 608 crore from Rs 414 crore in Q1FY24. Expenses up by 32.7% at Rs 71.43 crore from Rs 53.81 crore quarter on quarter
Jai Balaji Industries profit jumps to Rs 201 crore in Sept quarter. Jai Balaji Industries Ltd, on Monday reported a steep jump in profit to Rs 201 crore for the September quarter. It had reported a profit of Rs 21 crore in the year-ago period. The company attributed the increase to improved sales and a substantial increase
Pfizer cuts full-year outlook due to declining sales of Covid-19 products. Shares of Pfizer are in retreat on the first day of trading after the drug company said sales of its COVID-19 vaccine and its coronavirus treatment are in less than expected and cut revenue expectations for the year by USD 9 billion. Falling sales of both
JK Paper to acquire Manipal Utility Packaging Solutions for Rs 90 crore. JK Paper Ltd on Monday said it will fully acquire Manipal Utility Packaging Solutions Pvt Ltd for nearly Rs 90 crore. The company has entered into a share purchase agreement (SPA) for the acquisition of 100 per cent shares of Manipal Utility Packaging Solu
KEC International bags new domestic, global orders worth Rs 1,315 cr. Infrastructure company KEC International on Monday announced securing new orders totalling Rs 1,315 crore in India and international markets. The orders have been bagged by the company's Transmission & Distribution (T&D) business in the domestic market apa
ICICI Securities reports 41% growth in PAT to Rs 424 cr in Sept quarter. ICICI Securities, a part of the ICICI Group, on Monday reported a 41 per cent year-on-year growth in profit after tax to Rs 424 crore in three months ended September. In comparison, the company had posted a PAT (profit after tax) of Rs 300.4 crore in the y
Tyre maker Ceat reports steep rise in Q2 net profit at Rs 207.72 crore. Tyre maker CEAT Ltd on Monday reported a steep rise in consolidated net profit at Rs 207.72 crore for the September quarter. The company had posted a consolidated net profit of Rs 6.44 crore in the year-ago period, CEAT Ltd said in a regulatory filing. Con
Recruitment scam: IT company TCS fires 16 employees, bars 6 vendors. India's largest IT services company TCS on Sunday said it has fired 16 employees and barred six vendors in connection with a recruitment scam. Our investigation found 19 employees to be involved16 employees have been separated from the company for code of
Akasa cancels flights from Bengaluru, airline says network 'rationalised'. Akasa Air, which is facing headwinds due to pilot issues, has cancelled some flights from Bengaluru, sources said on Thursday, while the airline stated it has rationalised the network to ensure high operational reliability. Bengaluru is the hub for the car
MO Alternates, Temasek, Paragon to invest Rs 800 crore in Niva Bupa. Health insurer Niva Bupa on Thursday said a clutch of private equity funds have committed to invest Rs 800 crore in the company. India Business Excellence Fund IV (MO Alternate Investment Advisors), Temasek and Paragon Partners Growth Fund II will be inves
Delhi HC stays proceedings against Hero MotoCorp, chairman Pawan Munjal. The stay on the operation of the FIR as well as the trial court order will remain in force till December 6, the next date of the hearing
Wadias likely to leave Go First, show no intent to bid for grounded airline. Cash-strapped Go First filed for bankruptcy in May, blaming 'faulty' Pratt & Whitney engines for the grounding of about half its fleet
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