Indigo

Top headlines: Govt approves stake sale in HZL; IndiGo Q4 loss widens

Business Standard brings you the top headlines on Wednesday

IndiGo soars 10% as CEO eyes 'profitability' after Rs 1,681 cr loss in Q4

Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition

IndiGo's cargo plans are independent of Interglobe-UPS JV, says airline

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

IndiGo slips into losses due to exchange rate and higher fuel price

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

Top Headlines: Top promoters' dividend income jumps, NRI deposits moderates

India's top promoters and business families' income jumped from equity dividends and share buybacks in FY22 while flow of money into NRI deposits moderated sharply to $3.23 bn in FY22.

Stocks to Watch: ITC, Lupin, Ruchi Soya, Manappuram Finance, JSW, Biocon

Stocks to Watch: The US markets suffered the biggest one-day sell-off in almost two years -Investors worry about inflation and its impact on earnings and prospects for monetary policy tightening

Pieter Elbers: KLM veteran is the new pilot in IndiGo's management cockpit

Elbers' relatively young age and expertise in developing international hubs are some of the reasons why he was selected as CEO

Top headlines: Elbers appointed as IndiGo CEO; GST hike likely on casinos

Business Standard brings you top news of the evening

After a surprise profit in Q3, IndiGo may report net loss in Q4: Analysts

IndiGo Q4 preview: Analysts expect the airline to bleed this quarter yet again amid high fuel costs

Faulty handling of passenger by IndiGo ground staff, says DGCA probe

Tighter norms likely for carriage of persons with disability

DGCA says IndiGo staff handled child boarding incident inappropriately

DGCA said it has issued a showcause notice to IndiGo after a fact-finding committee found the airline staff prima facie violated regulations in denying boarding to a specially-abled child

Flight schools navigate the expansion route on hopes of aviation turnaround

Though Covid has led to concerns about pilots' job prospects, flight schools believe that the situation will change soon and the choice of piloting as a profession will remain as lucrative as ever

IndiGo case raises issue of India's lack of law for cognitive disabilities

Experts say that while regulations are more pronounced on how to handle physical disabilities, they are silent on mental or cognitive ones

IndiGo says specially abled child was 'in panic', didn't board flight

Aviation regulator DGCA starts investigation and asks airline to submit report

IndiGo to make behavioural test must for upgrade and promotion of pilots

Inclusion of BEI as part of upgrade and promotion comes in the backdrop of pilot unrest due to delay in restoration of pay cuts which were induced in phases during two years of the pandemic

IndiGo appoints Venkataramani Sumantran as the chairman of the Board

Sumantran currently serves as the chairman and managing director of Celeris Technologies, a strategic advisory firm

IndiGo becomes 1st airline to land aircraft using navigation system GAGAN

The Directorate General of Civil Aviation (DGCA) has issued a mandate for all aircraft registered in India after July 1, 2021 to be fitted with GAGAN equipment, a statement said

Stocks to Watch: HCL Tech, Nestle, Escorts, IndiGo, MRPL, Tata Steel, Nykaa

Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday

IndiGo ramps up hiring across roles in growth push, starts culture training

Inducts trainee pilots after gap of two years

Qatar Airways, IndiGo reactivate codeshare partnership signed in 2019

In a codeshare partnership, each carrier on its distribution system can sell seats of other's flights