Page 44 - Indigo

End of battle? Rakesh Gangwal quits IndiGo board, to reduce stake

Stock analysts said Gangwal's announcement will keep the company's stock price under pressure

IndiGo takes delivery of first Airbus plane operating on sustainable fuel

Any fuel that has lower carbon emissions than conventional kerosene is known as Sustainable Aviation Fuel (SAF)

IndiGo's co-founder Rakesh Gangwal resigns from board with immediate effect

'It is my intention to gradually reduce my stake in InterGlobe over the next 5 plus years,' says Gangwal

IndiGo to seek shareholders' nod for Rahul Bhatia's appointment as MD

InterGlobe Aviation will seek shareholders' approval for appointment of co-founder Rahul Bhatia as the Managing Director

IndiGo soars 10% post Q3 nos; analysts upgrade stock, see up to 38% upside

IndiGo swung back into profit, posting a PAT of Rs 129.79 crore in the December quarter, after registering seven consecutive quarters of loss

Sensex dips 1,024 pts amid rising oil price, FII selling; Nifty holds 17200

FIIs' favorite names and heavyweights like HDFC twins, ICICI Bank, Infosys, Kotak Bank, and Reliance Industries saw sharp cuts

IndiGo appoints Rahul Bhatia as MD; to focus on airline's int'l presence

IndiGo seems to be gearing up for the challenge of greater competition in India's skies by appointing Rahul Bhatia as the Managing Director to focus on expanding the airlines presence

IndiGo swings back to profit after 7 qtrs, appoints co-founder Bhatia as MD

IndiGo swung back into profit after registering seven consecutive quarters of loss thanks to a rebound in travel demand during the holiday season

IndiGo posts profit in Q3, appoints co-founder Rahul Bhatia as MD

The airline expects its available seat kilometers to be 10%-15% lower for the December-quarter compared with the third quarter of the current fiscal year

Top headlines: Fresh blow to Musk's India plans; IndiGo posts profit in Q3

Business Standard brings you the top headlines on Friday

IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel

Budget carrier IndiGo termed the Union Budget 2022-23 as "growth-oriented" while expecting a cut in the excise duty on jet fuel.

Budget FY23: Reduce central excise on ATF to 5%, says airline major IndiGo

Airline major IndiGo on Wednesday urged the Centre to reduce central excise on jet fuel to 5 per cent from 11 per cent in the Union Budget FY23, to be tabled in the Parliament on February 1.

DGCA to probe two IndiGo planes' near collision over Bengaluru airport

DGCA chief Arun Kumar told PTI that the regulator is investigating the incident 'and shall take strictest action against those found delinquent'

Top headlines: Grover takes voluntary leave; ban on int'l flights extended

Business Standard brings you the top headlines on Wednesday

Omicron effect: IndiGo to cancel around 20 pc flights, waives change fees

IndiGo said it will cancel around 20% of its flights because of the surge in Covid cases driven by the Omicron variant and waive change fees till March 31 in response to customer needs

Budget carrier IndiGo warns of higher fares on West Bengal routes

IndiGo limits flights connecting West Bengal to Delhi, Mumbai to only Monday and Friday

At EGM, IndiGo shareholders back resolution to scrap RoFR clause

The removal of clause will now allow the two promoters of the airline to sell or transfer shares to a third party without giving each other notice

Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta

Top headlines: IndiGo CEO says Omicron a threat; gold may hit Rs 55k

Business Standard brings you the top headlines on Thursday

IndiGo announces five-day sale, launches discounted fares starting Rs 1,122

Discounted tickets available across over 150 domestic flights on IndiGo network; sale valid on travel from January 15, 2022, to April 15, 2022