Category: Civil Aviation

New Delhi: Fuelled by higher passenger revenues, InterGlobe Aviation on Friday posted its highest ever quarterly profit of Rs 1,203.14 crore for the three months ended June and asserted that co-promoters are on the same page on growth strategy. The announcement of the good quarterly results also came amid ongoing feud between co-promoters Rakesh Gangwal […]

New Delhi: The scrip of InterGlobe Aviation fell nearly 5 per cent Monday amid a slew of negative news surrounding the airline, including allegations of governance lapses. The scrip declined 4.17 per cent to Rs 1,300 on the BSE.

New Delhi: The scrip of InterGlobe Aviation on Monday erased its early losses and ended 2 per cent higher mainly on value buying at lower level. The scrip of the company had fallen 4.17 per cent to Rs 1,300 during the day on the BSE. It later bounced back and closed at Rs 1,381.15, up […]

Kolkata: The Indian market for low cost carriers (LCCs) is expected to double by FY23, riding on rising incomes, tourism, and a shift to air from rail. Interestingly, the high-growth market serviced by the low-cost carriers in India is the third largest globally, so suggested a study by Goldman Sachs. In a separate study, ICRA […]

New Delhi: Paan ki dukaan, elephant in the room and paper formalities — the epithets greeting investors are growing in numbers as many a corporates battle governance trials. Armed with stringent norms and stomach for strict action, authorities have stepped up their vigil in recent months, keeping erring entities on their toes.

New Delhi: With the spat between IndiGo co-promoters Rahul Bhatia and Rakesh Gangwal intensifying, markets watchdog Sebi and the Corporate Affairs Ministry have started digging deep into allegations of governance lapses and rule violations that could force the government to override existing arrangements and pacts at InterGlobe Aviation, officials said. Gangwal has sought Sebi’s intervention […]

Bengaluru: India’s market regulator is probing whether InterGlobe Aviation Ltd Chief Executive Officer Ronojoy Dutta downplayed the tussle between the promoters of the country’s largest carrier IndiGo, ET Now reported on Thursday, citing sources. The spat between co-founders and promoters Rakesh Gangwal and Rahul Bhatia escalated after Gangwal on Tuesday alleged violations of corporate governance […]

Mumbai: Making another attempt to exit from the chopper operations business, the government on Thursday issued a fresh bid document for strategic disinvestment in Pawan Hans, offering the company to bidders having a minimum net worth of Rs 350 crore. The government holds 51 per cent stake in Pawan Hans, which has a fleet of […]

Mysuru: After direct flights to Chennai and Bengaluru, there will now be daily flights to Kochi, Goa and Hyderabad from the Mysuru Airport from July 19. The flights will be operated under the Udan ( Ude Desh Ka Aam Nagrik) regional connectivity scheme, aimed at making air travel affordable and widespread. Alliance Air, which is […]

Chennai: The related party transactions (RPTs) between InterGlobe Aviation (IGAL) and InterGlobe Enterprises (IGE), the main bone of contention between IndiGo’s co-promoters Rakesh Gangwal and Rahul Bhatia, were 0.53 per cent of IGAL’s consolidated turnover for FY19. A release from IGE, the holding company of Rahul Bhatia’s businesses, said the total amount earned through these […]

New Delhi: Issues between promoters have nothing to do with IndiGo and its functioning, the CEO of the airline said in a letter to his employees, a day after a spat between the promoters of the country’s largest carrier became public. “The issues between them will eventually get sorted out but I want to stress […]

New Delhi: Shares of InterGlobe Aviation plummeted over 11 per cent Wednesday wiping out Rs 6,423 crore from its market capitalisation following a spat between co-promoters over governance issues. The scrip tanked 10.73 per cent to close at Rs 1,397.75 on the BSE. During the day, it plunged 17.54 per cent to Rs 1,291.