Page 31 - Indigo

IndiGo to start flights from Delhi to Uzbekistan, Kazakhstan next month

No-frills airline IndiGo on Wednesday announced the launch of its direct air services to Uzbekistan and Kazakhstan in Central Asia from Delhi next month, subject to regulatory approval. The four times a week air services between Delhi and Tashkent in Uzbekistan will commence from September 22, while Almaty in Kazakhstan will be connected with Delhi from September 23 with three flights per week, IndiGo said. With the launch of flight services to these two new cities, IndiGo will be operating to a total of 111 destinations, including 32 in the international markets, the airline said. The introduction of this new route aims to improve India's connectivity to Kazakhstan, Central Asia's prominent financial centre, the airline said. This direct connectivity will not only promote trade but also foster stronger economic and cultural ties between India and Uzbekistan, IndiGo said, adding, the connectivity to Kazakhstan will further foster trade and commerce, given its status as the wealthi

IndiGo promoter Shobha Gangwal sells shares worth Rs 2,801 cr

InterGlobe Aviation's promoter Shobha Gangwal on Wednesday sold a nearly 2.9 per cent stake in the company for a little over Rs 2,800 crore through open market transactions. Shobha Gangwal is the wife of Rakesh Gangwal, the co-founder of the company, which is the parent of the country's largest airline IndiGo. The shares were sold in three bulk deal transactions. As many as 3,841,121 shares were sold at a price of Rs 2,426.21 apiece, while 3,841,120 shares were offloaded twice at prices of Rs 2,440.92 and Rs 2,427.09, respectively, as per data available on the BSE. Together, the shares are worth Rs 2,801.79 crore. The total number of shares offloaded translates to around 2.9 per cent stake. The shares were sold at a discount compared to Wednesday's closing price of Rs 2,457.60 apiece on the BSE. At the end of the June quarter, Rakesh Gangwal and his wife Shobha Gangwal had 13.23 per cent and 2.99 per cent stakes, respectively, in the company. The Chinkerpoo Family Trust, whose

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Closing Bell on August 16, 2023: The shares of SBFC Finance, which debuted on Wednesday at a premium of 44 per cent, settled at Rs 92.2 per share, up nearly 62 per cent over issue price

Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review

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Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today

Offer floor price of Rs 2,400 per share is 6% discount to last closing price

Gangwal family likely to sell IndiGo stake worth Rs 3,730 cr via block deal

Offer floor price of Rs 2,400 per share is 6% discount to last closing price

IndiGo co-founder's family to sell shares worth up to $450 million

The offer floor price for the sale by Rakesh Gangwal and wife Shobha Gangwal is set at Rs 2,400 per share - nearly a 6% discount on the current market price

Boeing front-runner to secure order for widebody jet from IndiGo: Report

IndiGo is in talks to buy Boeing's 787 family of twin-aisle aircraft which has been pitted against Airbus' A330neo jets, said the sources who are familiar with the matter

P&W engines' issue to have 'minimal' impact on Indigo's fleet: DGCA

IndiGo is the largest customer of the A320 planes and the aircraft are powered by P&W engines

Ranchi-bound Indigo flight develops technical snag, returns to Delhi

A passenger, onboard the flight said that the pilot of Indigo flight number 6E-2172 announced mid-air about the technical glitch in the aircraft, and said that flight is returning to the IGI airport

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After a solid Q1, IndiGo's troubles may mount in Q2FY24, warn analysts

IndiGo's profitability may be affected in the July to September quarter (Q2) of FY24 owing to lower fares in a seasonally weak quarter and higher fuel prices, analysts said

IndiGo flight makes emergency landing in Patna due to engine trouble

A Delhi-bound Indigo flight made an emergency landing at the airport here on Friday after one of its engines became inoperative, an official said. The aircraft made the landing shortly after taking off from the Jay Prakash Narayan International Airport, he said. An Indigo flight on PatnaDelhi route returned to its origin due to a technical issue. Three minutes after its departure, the pilot reported one engine inoperative. The aircraft landed safely at 9.11 am. As per the pilot, no further assistance was required. All operations are normal here," the airport official said.

IndiGo shares decline nearly 5% after record first quarter showing

The stock of the airliner opened at ₹2,630 apiece against the previous close of Rs 2,565.75 but soon fell 5.3 per cent during intraday trade hit Rs 2,430.15

IndiGo announces salary hikes for pilots after record profits in Q1

The airline will be rewarding its flight crews following Q1FY24, where they achieved a record net profit of Rs 3,090 crore

Stocks to Watch on Aug 3: Titan, IndiGo, MMTC, Airtel, Adani Ent, Nykaa

Stocks to Watch today, August 3, 2023: Titan Co reported a lower-than-expected quarterly profit at Rs 770 crore

IndiGo posts highest ever quarterly net profit at Rs 3,090.6 cr in Q1

IndiGo's total revenue increased by 32 per cent year-on-year (y-o-y) but its total cost decreased by 0.1 per cent at the same time

IndiGo to set up LLP for venture capital investments in early stage firms

InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country's largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday. IndiGo's Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments. He said the LLP will be set up with an initial investment of Rs 7 crore. "We are getting into venture capital arm side where we will be making early stage investments in early stage companies...," he said during a call with analysts after announcing the company's June quarter financials. The LLP will focus on "investment in startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality and transportation," a regulatory

IndiGo reports highest-ever profit of Rs 3,091 cr in Q1FY24, revenue up 30%

IndiGo Q1FY24 results: Sequentially, the profit jumped 236 per cent from Rs 919.8 crore profit

IndiGo still battling Pratt & Whitney engine woes, 10% fleet grounded

All 33 grounded planes of IndiGo are powered by Pratt and Whitney engines