{"id":281544,"date":"2019-07-11T05:51:25","date_gmt":"2019-07-11T05:51:25","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=281544"},"modified":"2019-07-11T05:51:25","modified_gmt":"2019-07-11T05:51:25","slug":"nation-can-ill-afford-indigo-faltering-rakesh-gangwal-indigo-co-founder","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nation-can-ill-afford-indigo-faltering-rakesh-gangwal-indigo-co-founder\/","title":{"rendered":"Nation can ill afford IndiGo faltering: Rakesh Gangwal, IndiGo co-founder"},"content":{"rendered":"<p>MUMBAI: Rakesh Gangwal, the billionaire co-founder of IndiGo and airline industry veteran, is determined to root out what he regards as poor corporate governance at parent InterGlobe AviationNSE -5.20 %, regardless of how much this may cost. He\u2019s doing it for the greater good. \u201cThe nation can ill afford IndiGo faltering. IndiGo is now very much intertwined with the economic well-being of the country,\u201d he told ET in an interview. \u201cLook at the nation \u2014 how many companies have got into trouble because of lax adherence to corporate governance and weak board oversight?&#8221; <\/p>\n<p>Although his differences with co-founder Rahul Bhatia weren\u2019t a secret, Gangwal\u2019s complaint to the Securities and Exchange Board of India (Sebi) still came as a bombshell for investors \u2014 the stock fell as much as <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: Rakesh Gangwal, the billionaire co-founder of IndiGo and airline industry veteran, is determined to root out what he regards as poor corporate governance at parent InterGlobe AviationNSE -5.20 %, regardless of how much this may cost. He\u2019s doing it for the greater good. \u201cThe nation can ill afford IndiGo faltering. IndiGo is now very much intertwined with the economic well-being of the country,\u201d he told ET in an interview. \u201cLook at the nation \u2014 how many companies have got into trouble because of lax adherence to corporate governance and weak board oversight?&#8221; Although his differences with co-founder Rahul Bhatia [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-281544","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281544"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281544\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}