Interglobe Aviation

IndiGo Operator Interglobe Aviation Posts Profit Of Rs 1,200 Crore In June Quarter

Business | Thomson Reuters | Friday July 19, 2019

IndiGo, now the largest airline in the country by market share, reported a 12.8 per cent rise in its yield during the quarter

Rakesh Gangwal Won't Sell IndiGo Stake In Feud With Rahul Bhatia

Business | Anurag Kotoky, Bloomberg | Tuesday July 16, 2019

"I am here for the long haul," Mr Gangwal, who has accused Mr Bhatia of corporate governance lapses told Bloomberg.

Government's Plan To Ensure Air India Sale By End Of This Year: Report

Business | Siddhartha Singh, Bloomberg | Tuesday July 16, 2019

Air India, which is surviving on Rs 30,000 croretaxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.

"Pan Ki Dukaan Has Done Well": In IndiGo Promoter Feud, A Sharp Rebuttal

Business | NDTV Profit Team | Friday July 12, 2019

InterGlobe Enterprises (IGE), one of the promoters of parent of India's largest airline IndiGo, on Friday termed charges made by InterGlobe Aviation's co-founder Rakesh Gangwal as baseless and fact free insidious allegations on corporate governance at InterGlobe Aviation.

IndiGo Shares Gain Over 2% To Break Three-Day Fall

Business | NDTV Profit Team | Friday July 12, 2019

Shares in InterGlobe Aviation - the parent company of the IndiGo airline - rose 2.5 per cent on Friday, breaking a three-day fall which followed a spat between the promoters of the company becoming public. On the National Stock Exchange (NSE), IndiGo's share price jumped 2.55 per cent to hit Rs 1,389.00 apiece at the day's strongest point. On the B...

IndiGo Shares Fall 9%, Close Lower For Third Straight Day

Business | NDTV Profit Team | Thursday July 11, 2019

The IndiGo shares were set to finish lower for a third session in a row. In the past two sessions, IndiGo shares had declined 10.99 per cent on the Bombay Stock Exchange.

IndiGo Promoters' Feud: Related Party Deals Done At Arm's Length, Says Rahul Bhatia's Firm

Business | Press Trust of India | Wednesday July 10, 2019

Amid the spat between the promoters, shares of InterGlobe Aviation plunged over 11% on Wednesday wiping out Rs 6,423 crore from its market valuation

IndiGo CEO Assures Employees As Promoters Feud In Public: 10 Points

Business | NDTV Profit Team | Wednesday July 10, 2019

India's largest airline IndiGo, a rare success story in the challenging aviation industry, is caught in a messy feud between its founders. Shares in InterGlobe Aviation - the owner of IndiGo - fell as much as 19 per cent on Wednesday after one of its founders, Rakesh Gangwal, sought regulatory intervention in alleged misgovernance, targeting his lo...

Billionaire Founders Of IndiGo Intensify Feud, Stock Drops 19%

Business | Anurag Kotoky, Bloomberg | Wednesday July 10, 2019

The board of InterGlobe Aviation Ltd., which operates IndiGo, has received a letter dated July 8 from Mr Gangwal, informing the company that he has sought help from the Securities and Exchange Board of India, according a stock exchange filing by the carrier on Tuesday. Sebi has asked the company to respond to the letter by July 19, with which IndiG...

IndiGo Shares Fall To Lowest Since March As Co-Founder Alleges Misgovernance

Business | Thomson Reuters | Wednesday July 10, 2019

InterGlobe shares hit their lowest since March and were on course for their worst day since January 2016.

In IndiGo's Promoter Vs Promoter, A Sebi Intervention

Business | Press Trust of India | Tuesday July 9, 2019

One of the promoters Rakesh Gangwal has Sebi's intervention in addressing his grievances, InterGlobe Aviation said in a regulatory filing on Tuesday.

Government To Revive Plan To Sell Air India After Last Attempt Flopped

Business | Anurag Kotoky and Bibhudatta Pradhan, Bloomberg | Friday July 5, 2019

Air India, which is surviving on a Rs 30,000 crore taxpayer-funded bailout, has failed to maintain its market dominance as a slew of carriers including InterGlobe Aviation and SpiceJet started to offer ultra-cheap, on-time flights more than a decade ago.

InterGlobe Aviation Reports Five-Fold Jump In March Quarter Profit

Business | Thomson Reuters | Monday May 27, 2019

Interglobe said it expected a 30% rise in available seat kilometres in the fiscal year 2020, a measure of the airline's passenger carrying capacity

New Government Formation, GDP Data, Derivatives Expiry To Guide Markets: Experts

Business | Indo-Asian News Service | Sunday May 26, 2019

In terms of quarterly results, companies like Abbott India, Bharat Heavy Electricals, Emami, GAIL, Interglobe Aviation, Punjab National Bank, SpiceJet, Sun Pharma, GMR Infra, M&M and Power Finance Corp are expected to announce their fourth quarter (Q4) earnings results in the coming week.

IndiGo Co-Founder Has No Plans Of Taking Control Of Airline: CEO

Business | Thomson Reuters | Monday May 20, 2019

IndiGo, SpiceJet and GoAir have been rushing to fill the vacuum left by the collapse of Jet Airways, once India's largest carrier, and gain control of its valuable slots.