While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board
Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse
Noting that Gangwal has much to answer, the Bhatia group wondered whether there is sanctity in agreements entered into by business people freely and at their own will
Experts put the onus on the InterGlobe board to help resolve the Gangwal-Bhatia dispute over governance, control
The first of a two-part series throws light on the developments that led to the bitter public spat between the two promoters of India's largest airline
The board will also take a decision on whether to call for an external audit of Gangwal's personal expenses
Rahul Bhatia claims he has played more significant role and undertaken financial risks
A dispute between the founders of one of Asia's biggest budget carriers is deepening
While the relationship between the two partners had deteriorated since August 2018, one last attempt at reconciliation was made at a meeting held in the offices of Bhatia's lawyer on May 28 this year
Often perceived by travellers as tired and dated, the world's largest hotel chain operator is getting a fresh and contemporary look
The DoT will create a separate category of such licences
IndiGo, India's largest airline, is facing its worst crisis as co-promoters Rahul Bhatia and Rakesh Gangwal have levelled serious allegations against each other
Gangwal had recently approached Sebi, raising concerns linked to lapses in corporate governance at IndiGo, blaming co-promoter Bhatia for the same
While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board
Rise of the millennial population, increasing disposable income and availability of innovative mobility solutions will drive the market
One97 Communications Founder Vijay Shekhar Sharma says Paytm Mall's focus has been to empower shopkeepers compared to other e-commerce players who are proxy retailers themselves
Last month, Advent closed its largest global fund called "GPE IX" at $17.5 billion
MakeMyTrip has designed 400 packages covering 80-100 destinations, across different price points
Foreign companies and imports from China are increasing footprint in India
SFIO is probing the Jet accounts for allegedly violating the Companies Act, while the ED is looking into the stake sale of the carrier's loyalty programme