
Zomato co-founder Deepinder Goyal-backed LAT Aerospace buys Bombardier jet, says report
As per the report by Moneycontrol quoting multiple sources, Bombardier Global series aircraft is scheduled to start operations from July 16, which is today. The jet has been seen parked in the Delhi airport's VIP bay since June 2025.
The exact model of the aircraft could not be ascertained. The registration of the aircraft, as well as the purpose of its flight today were also not known.
Livemint could not verify the authenticity of the report. This article will be updated once there is an official statement from LAT Aerospace or its officials.
As per the report, Indamer MJets Airport Services and Bird Execujet Airport Services are responsible for the ground handling and engineering of the Bombardier Global jet.
Earlier in June, LAT Aerospace co-founder Surobhi Das confirmed that Deepinder Goyal is eyeing the regional air travel segment with the aircraft startup.
"While building Zomato and flying across India, Deepinder and I kept circling back to the same question: Why is regional air travel still so broken - expensive, infrequent and mostly out of reach unless you live in a metro? India has 450 airstrips - but only 150 see commercial flights. That means nearly two-thirds of our aviation potential is being wasted. Meanwhile, millions in Tier 2 and 3 cities spend hours - sometimes days - traveling by road or rail," Das said in a LinkedIn post.
Goyal's bet on the aviation venture could redefine regional air travel in India which is at a nascent stage, as uncertainty remains over regulatory clearance, technological capability and public adoption.
The reported development on LAT Aerospace comes days after Deepinder Goyal bought a nearly 11,000 sq ft apartment in DLF's ultra luxury project in Gurugram for ₹ 52.3 crore.
According to Zapkey, the Zomato co-founder bought this apartment in 'DLF Camellias' project from DLF Ltd in August 2022. The registration of the house was done in March this year.
According to market experts, the value of this property is now between ₹ 125 crore and ₹ 150 crore.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal
A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more US scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell its port assets to a group that includes US investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Beijing-backed newspaper posted scathing commentaries about the deal, with one describing it as a betrayal of all Chinese. Beijing's offices overseeing Hong Kong affairs have reposted some of these commentaries, widely seen as an indication of Chinese leaders' stance. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions between Washington and Beijing, Hutchison said in a statement that the exclusive negotiations period with the consortium has expired. However, it added the Group remains in discussions with members of the consortium with a view to inviting major strategic investor from the PRC to join as a significant member of the consortium, referring to the People's Republic of China. It said they needed to change the membership of the consortium and the structure of the transaction for the deal to be able to pass reviews by all relevant authorities." The awkward position Hutchison found itself in for months highlights the challenges Hong Kong business elites face in navigating Beijing's expectations of national loyalty, especially when relations between China and the United States are strained. Hong Kong has overhauled its electoral system to ensure the city is run by patriots. CK Hutchison is owned by the family of Hong Kong's richest man, Li Ka-shing. It announced March 4 that it would sell all its shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the consortium that also includes BlackRock subsidiary Global Infrastructure Partners and Terminal Investment Limited, a subsidiary of the Mediterranean Shipping Company. In May, Hutchinson co-managing director, Dominic Lai told shareholders that Terminal Investment was the main investor. Its parent company is led by Italian shipping scion Diego Aponte, whose family reportedly has a longstanding relationship with Li's. The initial deal, valued at nearly $23 billion including $5 billion in debt, would have given the consortium control over 43 ports in 23 countries, including the ports of Balboa and Cristobal, located at either end of the canal. That agreement also required approval from Panama's government. The deadline for their exclusive negotiation period ended on July 27.
&w=3840&q=100)

Business Standard
2 hours ago
- Business Standard
Houthis pledge to step up shipping attacks to pressure Israel on Gaza
The Houthis, who took control of Yemen's capital Sanaa in 2014, have been striking Israel and commercial vessels in the Red Sea after Israel's war with Hamas, which rules Gaza, began in October 2023 Bloomberg Houthi militants pledged to target ships of any company that deals with Israeli ports, escalating their military operations in a bid to increase pressure on Israel to further ease restrictions on the hunger-ravaged Gaza Strip. The targeted ships will be attacked 'in any location within the reach of our armed forces,' a spokesman for the Iranian-backed group, Yahya Saree, said in televised comments. 'All our military operations will be ceased immediately upon the cessation of aggression against Gaza and the lifting of the blockade.' More than $2 trillion of global seaborne trade had passed by the coast of Yemen per year — most of which were ships heading to and from the Suez Canal on journeys between Europe and Asia. Traffic plunged by about 70 per cent after the Houthis began attacking vessels in the area and has remained low despite a lull in attacks in 2025. Israel increased aid distribution to Gaza as it faces a growing international outcry over hunger in the shattered Palestinian enclave. The Israeli army on Sunday suspended some military operations to facilitate the movement of United Nations relief convoys and restored electricity to a desalination plant in Gaza for the first time since March. The Houthis have already been targeting ships that had ties to Israel. Earlier this month, the group carried out attacks that sank two cargo ships, killed three crew members and led to detention of 11 others. These were the first such assaults on merchant vessels since November. Israel has occasionally struck Houthi targets in Yemen in retaliation.


Mint
4 hours ago
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 28 July
On Friday, the Indian stock market closed on a weak note, witnessing broad-based selling across major indices. Investors remained cautious amid weak global cues, valuation concerns, and ongoing foreign institutional outflows. The session extended the recent corrective phase, with all benchmark indices finishing deep in the red. With Nifty breaking below the previous low and all key short-term averages, the outlook has turned bearish. The index now targets 24,500–24,450 on the downside, while any bounce toward 24,900–25,000 is likely to face selling pressure. Resistance is now established at 25,000–25,100, while support lies around 24,500–24,450. Buy: ETERNAL LTD — Current Price: ₹310.55 Also Read: Zomato surges past DMart in market value on Blinkit-fueled share rally Buy: FORTIS HEALTHCARE LTD — Current Price: ₹845.55 Buy: SYNGENE INTERNATIONAL LTD — Current Price: ₹681.10 Also Read: Biocon launches QIP to raise ₹4,500 crore Market Wrap On Friday, 25 July 2025, the Indian stock market closed on a weak note, witnessing broad-based selling across major indices. Investors remained cautious amid weak global cues, valuation concerns, and ongoing foreign institutional outflows. The session extended the recent corrective phase, with all benchmark indices finishing deep in the red. The Nifty 50 declined sharply by 225.10 points or 0.90%, closing at 24,837.00. The BSE Sensex also dropped by 721.08 points or 0.88%, ending at 81,463.09. The Bank Nifty mirrored the broader trend, falling by nearly 0.9% to settle around 56,566 after slipping below key support zones during intraday trade. Sector-wise, the losses were widespread, with oil & gas, metals, PSU banks, and auto sectors leading the fall. The energy and auto indices each lost over 2%, while metals and PSU banks were down by around 1.7%. Other sectors like IT, FMCG, private banks, and realty also closed lower, each shedding between 1% and 1.4%. The only pocket of resilience came from the pharma sector, which gained around 0.5%, supported by defensive buying amid heightened volatility. On the stock front, Cipla stood out as a top gainer, rallying nearly 3% after strong quarterly earnings and positive guidance. Dr. Reddy's, SBI Life Insurance, Apollo Hospitals, and Mphasis also saw notable gains, buoyed by buying interest in defensive and healthcare-related stocks. Conversely, Bajaj Finance led the list of laggards, falling by nearly 6% amid investor concerns over valuations and asset quality pressures, despite reporting solid earnings. Shriram Finance, IndusInd Bank, Tech Mahindra, and Maruti Suzuki also ended the day with losses in the range of 2.4% to 2.8%. Chennai Petroleum was among the worst performers, plunging nearly 9% in a sharp reversal. The broader market sentiment remained fragile, with midcap and smallcap indices also coming under pressure. The Nifty Midcap 100 declined by around 1.6%, while the Smallcap index fell by more than 2%, as profit booking intensified in high-beta names. The rotation away from cyclical and export-oriented stocks toward defensives continued, reflecting a cautious stance among investors. Overall, Friday's session reinforced the short-term corrective phase in the market. With benchmark indices breaking below key support levels, the outlook remains cautious. However, the positive performance in the pharma space suggests selective stock-specific opportunities may still exist even in a weak market environment. Nifty Technical Analysis From a technical standpoint, the index is now trading below both the 40-day EMA (25,041) and the 20-day SMA (25,259), reflecting a shift in the short-term trend toward weakness. On the hourly chart, Nifty is hovering near the 20-hour SMA (25,037) and 40-hour EMA (25,035), but with the price closing well below these levels, short-term momentum appears firmly negative. Momentum indicators have deteriorated considerably. The daily RSI has declined to 40.65, moving closer to the oversold territory, indicating weakening underlying strength. The hourly RSI stands at 27, clearly in the oversold zone, suggesting potential for minor intraday bounces, though the broader trend remains under pressure. The MACD readings have turned negative, with the daily MACD at –19 and the hourly MACD falling to –44, confirming a bearish crossover and signaling continued downside momentum. The broader chart pattern confirms the breakdown of the previous support level at 24,882, invalidating the earlier bullish setup and shifting the short-term structure to bearish. With the index failing to hold above key moving averages and lacking any reversal signal, the near-term downside target is seen around 24,500–24,450. In the derivatives space, the options data reflects a decisively bearish bias. Total Call open interest stands at 2.43 crore, significantly higher than the Put OI of 1.64 crore, with a net difference of –78.55 lakh, clearly indicating call writing dominance. Further, the change in OI reinforces this stance, with Call OI increasing by 38.95 lakh and Put OI decreasing by 6.79 lakh, leading to a net change of –45.74 lakh. This aggressive call buildup and put unwinding suggest a buildup of bearish sentiment. The Put-Call Ratio (PCR) has deteriorated and remains below 1, affirming the negative bias. Strike-wise, maximum Call OI and change are concentrated at 25,700, while aggressive additions are also visible at 26,500, pointing to elevated resistance levels. On the Put side, maximum OI is at 25,600, and the highest additions are at 25,620, but the reduction in overall Put OI reflects diminishing bullish conviction. India VIX remained relatively stable, but the breakdown in price without a corresponding spike in volatility may indicate complacency among participants, keeping the risk of sharp moves alive should selling intensify. With Nifty decisively breaking below the previous swing low and all key short-term averages, the outlook has turned decisively bearish. The index now targets 24,500–24,450 on the downside, while any bounce toward 24,900–25,000 is likely to face selling pressure. Resistance is now firmly established at 25,000–25,100, while support lies around 24,500–24,450. Momentum indicators and derivatives data confirm bearish control. Until the index reclaims 25,100–25,324 decisively, the short-term bias will remain negative. Traders are advised to maintain a bearish stance, use rallies to initiate fresh shorts, and keep tight stop-losses above 25,100 to protect against potential whipsaws. Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.