Aviation IndiGo

The company's consolidated revenue from operations rose 29% to Rs 8,021 crore in Q4FY22

Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS

The airline will deploy 60% more capacity in FY23 than in FY22 when it had to curtail operations in April due to surge of Delta variant and in Dec-Jan due to Omicron

More than three months ago, the country's largest airline IndiGo's successful co-founders Rahul Bhatia and Rakesh Gangwal made headlines. On February 4, the announcement came that Bhatia will take charge as the airline's Managing Director and on February 18, amid the not-so-cosy relations between the two co-founders, it was announced that Gangwal has stepped down from its board. Bhatia took over as the Managing Director on February 4 and since then, there have been quite a few churns in the top deck. IndiGo -- a low-cost carrier which accounts for more than half of the country's domestic traffic -- has announced the appointment of new Chairman, Chief Financial Officer (CFO) and Chief Executive Officer (CEO) since March. In March, IndiGo's market share stood at 54.8 per cent, as per official data. IndiGo, which has nearly 300 planes in its fleet, is also bracing for more competition with Akasa expected to be operational in the coming months while Jet Airways likely to restart ...

Steel stocks are likely to be in limelight following reports of price hike in April.

Shares of ONGC are likely to be in focus as the government will sell 1.5 per cent stake in the oil producer through an offer for sale (OFS) over the next two trading sessions at Rs 159 per share.

Auto shares are likely to be in focus as car makers are looking to ramp up production by an average 18-20 per cent in the March quarter, as the shortage of semiconductor eases.

NAVBLUE is into flight operations and air traffic management solutions

Castrol, Indian Bank, Nalco, PolicyBazaar, Tarsons Products, Tube Investments of India, TVS Motor and Union Bank of India are some of the prominent companies to announce result today.

He previously held the position of senior vice-president of IT and innovation at Emirates, according to a statement

The proceedings were initiated by InterGlobe Enterprises Ltd (IGE) and Bhatia against Gangwal, the Chinkerpoo Family Trust and Shobha Gangwal

The matter pertains to alleged violation of disclosure norms pertaining to related party transactions between the company and IGE Group, controlled by co-founder Rahul Bhatia

Business Standard brings you top news of the evening

IndiGo said it will refund all customer credit shells, which were created when flights were cancelled due to the coronavirus lockdown earlier this year, by January 31, 2021

A massive surge of over 35 per cent in the past three sessions indicates a positive momentum going-forward for SpiceJet

Travel and airline executives say leisure demand is now slowly returning with an increase in bookings to popular getaways this weekend

Here are the top 10 business headlines on Tuesday morning

Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the Covid-19 outbreak.

In the forecast, Icra has included an aggregate of all the five private sector players -- IndiGo, SpiceJet, GoAir, Vistara and AirAsia India -- to make the balance sheet

A third of the respondents say they will not move employees to lower-tier hotels to save expenses, the rest say they might