Page 15 - Interglobe Aviation

In fight for IndiGo, Bhatia appears to have pushed out partner Gangwal

Gangwal's decisions are being overturned as partner Rahul Bhatia tries to make IndiGo his own

IndiGo promoters Bhatia, Gangwal reach compromise as Chairman brokers peace

Related-party transaction policy to be amended; promoters agree on new board structure

India Inc sees related-party transactions drying up on increased scrutiny

A look at the numbers show that the value of such transactions grew slower than net sales and total assets

IndiGo to expand board to 10 directors, promoters yet to make peace

IndiGo's promoters, Rahul Bhatia and Rakesh Gangwal, have publicly fallen out after Gangwal wrote to Sebi alleging lack of corporate governance in the company

No differences among Indigo promoters on growth strategy: CEO Ronojoy Dutta

During a conference call to discuss the June quarter financial results, Dutta said the board meeting would continue on Saturday

Airlines stocks trade weak; InterGlobe Aviation down 4%

InterGlobe Aviation, SpiceJet and Jet Airways were trading lower in the range of 1% to 4% on the BSE.

Govt seeks explanation from IndiGo on issues raised by Rakesh Gangwal

The government has sought explanations from InterGlobe Aviation on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal. In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the complaint. The Registrar of Companies (RoC), National Capital Territory of Delhi & Haryana has sought "certain information/explanations" in relation to Gangwal's complaint. "The company will respond to MCA within the prescribed period," the filing said. Explanations have been sought under Section 206(4) of the Companies Act, 2013. Section 26 provides powers for the ministry to call for information, inspect books and conduct inquiries. The ministry's communication comes less than 10 days after Gangwal flagged concerns about corporate governance lapses at InterGlobe Aviation, especially certain related party transactions entered into by co-founder Rahul Bhatia's

Aircraft grounding: No abnormal increase in airfares, clarifies Centre

Minister of State for Civil Aviation Jayant Sinha said his ministry has been monitoring prices on the impacted routes

Another IndiGo Airbus A320 grounded; this time because of fuel leak

On March 13, Directorate General of Civil Aviation (DGCA) grounded 11 Airbus 320 Neo aircraft owned by Indigo Airlines and Go Air following multiple instances of engine-related problems

T2 shift: IndiGo, SpiceJet report smooth transition and no delays

Operations at the terminal kicked off 12 am onwards on Sunday

IndiGo, IndusInd Bank, Bharat Financial, Apollo Tyres hit 52-week highs

Britannia, Dilip Buildcon, Firstsource Solutions, Lakshmi Machine Works, MRF, Nestle India and TV18 Broadcasting were among 11 stocks from the S&P BSE500 index hitting their respective 52-week highs

Pratt and Whitney upset with DGCA's decision of grounding A320neo planes

Grounded Indian planes will be up in air by end of April says company president

Lessons from Neo fiasco: As drama played out, cracks and crevices emerged

Intense rivalry among airlines makes matters worse

One more IndiGo A320neo grounded, P&W engine woes continue

Budget carrier IndiGo today grounded one more A320 Neo fitted with Pratt&Whitney engine due to "oil chip issue" taking the total number of such planes on ground to seven. IndiGo confirmed the grounding of the plane bearing registration no VT-ITK after completing its flight to New Delhi from Kochi today. "VT-ITK (Neo) operating COK-DEL (Cochi-New Delhi) was alerted with an 'oil chip' message on engine no 1 post landing at Delhi. As a part of troubleshooting, aircraft was withdrawn at Delhi," IndiGo said in a statement. Significantly, aviation regulator Directorate General of Civil Aviation (DGCA) had grounded eight of IndiGo A320 Neo planes on March 12 along with three of GoAir due to safety issues. "Including this aircraft, IndiGo now has seven NEOs grounded," the airline said in a statement.

InterGlobe Aviation, Avenue Supermarts, MRF hit new highs

Apollo Tyres, Nestle India, SRF and Steel Strips Wheels too hit their respective record highs in intra-day trade today

Aditya Ghosh decides to move on after almost a decade in IndiGo cockpit

Sector watchers said the development was not a surprise as IndiGo is planning for the takeoff of its next phase of growth

IndiGo share price falls before Aditya Ghosh's resignation under Sebi lens

Stock price fell 6.3% on Friday before the announcement

IndiGo loses 73% net in Q4 on high fuel costs and competitive pressure

The management indicated the falling yields, over the first four months of the current calendar year, have started to reverse over the past week

IndiGo shares plunge to seven month low on dismal earnings

Citi cut its target price to Rs 1,240 from Rs 1,600, while Morgan Stanley trimmed it to Rs 1,205 from Rs 1,213

Bhatia vs Gangwal: IndiGo headed for a stormy board meet on Friday

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