Jet,Indigo back on Makemytrip.com

The airline had significantly withdrawn its inventory last month protesting the opaque fares or discounted ticket schemes run by the portal.

Under these schemes,the airline name and the exact flight timing were revealed after the customer completed the payment.

Low-cost carrier IndiGo that had withdrawn its capacity from makemytrip.com accusing them of following unfair trade practices also resumed sales through the portal. MakeMyTrip remains committed to providing comprehensive product offerings to our customers and we are pleased to inform that both Jet Airways and Indigo Airlines have resumed sale of tickets on our portal, MakeMyTrip COO and Co-Founder Keyur Joshi said in a statement.

The air safety regulator,Directorate General of Civil Aviation (DGCA) had barred airlines from participating in such schemes run by travel portals.

Samvardhana withdraws Rs 1,665 cr IPO

The stock market turmoil has claimed another victim. Samvardhana Motherson Finance has withdrawn its initial public offering (IPO) of shares to raise about Rs 1,665 crore due to poor demand.

The share offering,which was launched on Wednesday, covered just 0.23 times the total book size by 5 pm on Friday,the last bidding day,stock exchange data showed.

In light of the weak equity market conditions and volatile currency movements,the company on the advice of the book running lead managers has decided to defer its IPO, Samvardhana said in a statement.

The poor response to the offering,which would have been the biggest so far this year,is expected to dim the outlook for upcoming share sales including the governments plans to sell some of its shares in state-run companies, said a banker.