Page 7 - Interglobe Aviation

IndiGo Q3FY24 results: Net profit rises 111% to Rs 2,998.10 crore

About 75 planes grounded due to P&W engine issues

Udaan's CFO Aditya Pande quits to join IndiGo parent as group CEO

Pande will report to Rahul Bhatia, CEO, InterGlobe, and all the existing direct reports would, in turn, report to Pande

Bajaj Auto, IndiGo, Zee: Trading strategies for stocks in news on Tuesday

Zee Entertainment is seen trading below its key moving averages on the daily scale following today's sharp intra-day fall of over 13 per cent, shows chart.

Analysts bet on IndiGo, SpiceJet on sustained pax growth, low oil prices

They, however, suggest staying mindful of supply chain issues, and P&W engine snags

IndiGo's parent firm to challenge tax demands worth over Rs 1,666 cr

InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Wednesday said it will challenge tax demands worth over Rs 1,666 crore. The Commissioner of Income Tax-Appeals (CIT-Appeal) has passed orders related to tax demands for the assessment years 2016-17 and 2017-18. In a regulatory filing, the company said a demand of "INR 7,396.76 million (AY 2016-17) and INR 9,270.31 Million (AY 2017-18) was raised by the Assessing officer, against which the Company had preferred appeal before CIT-Appeal". The figures are excluding interest and penalty. The CIT-Appeal has passed the respective orders. As per the filing, the revision to the taxable income on account of tax treatment of certain incentives received by the company from manufacturers with the acquisition of the aircraft and engine and disallowance of certain expenses has been confirmed without granting an opportunity of personal hearing and adjudicating the matter on merits. The company will contest the same and

InterGlobe plans to launch electric air taxi service in India in 2026

InterGlobe Enterprises on Thursday said it along with Archer Aviation plans to launch an all-electric air taxi service across India in 2026. Once launched, the InterGlobe-Archer flight will aim to take passengers from Connaught Place in the national capital to Gurugram in Haryana in approximately 7 minutes whereas by road, the 27-kilometre-long trip will take 60-90 minutes, according to a release. Both companies have entered into a Memorandum of Understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances. InterGlobe Enterprises is an Indian travel conglomerate and the country's largest airline IndiGo is part of it. Archer Aviation is a leading player in electric vertical takeoff and landing (eVTOL) aircraft. The two companies plan to launch an all-electric air taxi service across the country in 2026. "In addition to urban air taxi services, the parties plan to pursue a .

Strong near-term outlook to aid revenues, margins for IndiGo after Q2 show

India's leading airline did well in a seasonally weak quarter for the industry and after paying fees and charges

LIC to Hindustan Unilever: Here're 10 largecaps that may lead bull charge

Largecaps are trading at a valuation discount to mid and smallcap stocks and this has made them attractive

InterGlobe Aviation to set up subsidiary for financing aviation assets

InterGlobe Aviation, the parent of the country's largest airline IndiGo, will set up a subsidiary with an investment of up to Rs 30 crore for financing aviation assets. The wholly-owned subsidiary will be set up in GIFT City. The company's board on Monday approved the proposal to incorporate a wholly-owned subsidiary with an investment of "up to Rs 30 crore in one or more tranches". Besides, it will issue corporate guarantees of up to USD 996 million or an equivalent amount in Indian rupees or any other currency, to secure the payment obligations of the wholly-owned subsidiary, according to a regulatory filing. The company said the subsidiary would be into financing aviation assets and approvals will be sought from the Reserve Bank of India (RBI), among others. The investment of up to Rs 30 crore will be made in "one or more tranches through equity/quasi-equity/ optionally convertible preference shares/ optionally convertible debt instruments or any combination thereof," the filin

Shobha Gangwal sells 3% in InterGlobe Aviation stake, mops up Rs 2,802 cr

Shares of InterGlobe finished at Rs 2,458 on Wednesday, down 3.6 per cent over its previous day's close

Gangwal stake sale buzz: IndiGo dips 5% amid block deal of 18 mn shares

At 09:15 am; around 18.19 million equity shares representing 4.71 per cent of total equity of IndiGo have changed hands on the BSE, the exchange data shows.

Stocks to Watch today, Aug 16: IndiGo, ITC, SBFC, Infy, Voda Idea, M&M, Zee

Stocks to watch on August 16, 2023: Shares of IndiGo are likely to be in focus amid reports of a likely stake sale by the co-founders Gangwal family on Wednesday.

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

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

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 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

GoFirst insolvency, high fares to drive IndiGo's turnaround in Q1: Analysts

IndiGo Q1 preview: Besides these two factors, analysts believe, strong passenger traffic growth, coupled with high airfares, would also support the Q1FY24 earnings

IndiGo first airline stock to cross market capitalisation of Rs 1 trn-mark

The carrier had earlier this month placed an order for 500 A320 family aircraft, which will be delivered between 2030 and 2035. It is the world's largest single-tranche aircraft order

InterGlobe Aviation market-cap nears Rs 1-trn mark; surges 26% in 2 months

IndiGo's market cap hit Rs 97,921 crore in intra-day trade on Tuesday and was less than 2 per cent from hitting the milestone.

IndiGo hits new peak post 500 Airbus aircraft order; experts see 28% upside

Morgan Stanley has maintained its 'Overweight' rating on the stock post the acquisition, with a target of Rs 3,126