Page 24 - Indigo

The IndiGo drama

Many theories are doing the rounds about the sudden leadership change at India's largest airline

IndiGo wants to offer Wi-Fi in the sky; DoT to meet telecom operators soon

The DoT will create a separate category of such licences

Avenue Supermarts, IndiGo gain on inclusion in MSCI index

D-Mart has surged 6% to Rs 1,517, while IndiGo rallied 5% to Rs 1,249 on the BSE in intra-day trade.

At just 300 feet away, IndiGo &, IAF jets avert mid-air mishap over Chennai

IndiGo confirmed the incident, which is now being investigated by aviation regulator Directorate General of Civil Aviation (DGCA).

Proxy advisor pulls up IndiGo promoters for poor board meeting attendance

While criticising warring IndiGo promoters Rahul Bhatia and Rakesh Gangwal for not attending board meets frequently, IiAS has also made a case for more independent directors on the board

The golden rules of doubles

How the IndiGo founders deviated from the flight path

IndiGo promoter dispute: 'Paan ki dukaan' has done well, says Bhatia

Bhatia said there was no abuse of rights, and Gangwal's proposal for convening an EGM was rejected on the basis of a legal opinion obtained by the board

IndiGo promoters' war: Can work with Bhatia if system fixed, says Gangwal

Gangwal and Bhatia founded IndiGo in 2005 and together hold 75 per cent in the company

'Paan ki dukaan doing well': Bhatia group responds in IndiGo promoters feud

Asserting that "pan ki dukaan" (betel shop) has apparently done well, InterGlobe Enterprises said there was no abuse of rights

DGCA finds safety lapses by IndiGo, issues show cause notices to executives

DGCA had carried out the audit at the IndiGo office in Gurgaon on July 8 and July 9, sources told PTI

With founders quarreling in board room, IndiGo can't fly high in the sky

This is the time for IndiGo to be rewarding shareholders by consolidating its leadership position and filling the gap left by Jet

Co-promoter Gangwal wants expansion of IndiGo board, asks Sebi to intervene

The move is difficult to implement as it will need Rahul Bhatia's support

IndiGo is functioning, promoter issues not to hit airline ops: CEO to staff

He said the airline's mission, direction and growth strategy remains unchanged, and firmly in place

Sebi starts investigation into governance issues at InterGlobe Aviation

The market regulator has asked the company to give response to the allegations by July 19

SpiceJet stock may rise as IndiGo promoter dispute goes sour: Analysts

The troubles at IndiGo, however, are expected to help SpiceJet, as it remains the only listed stock for investors looking to play the growth of the airline sector, says an analyst

Related party transactions just 0.53% of InterGlobe turnover: Rahul Bhatia

Rahul Bhatia's group Wednesday said that all related party transactions with the company have been executed at arms length basis in ordinary course of business

IndiGo promoters' war reaches Sebi: Rakesh Gangwal raises governance issues

RPTs relate to deals IndiGo has entered into for the hotel accommodation of its crew, simulators for crew training, and the office space the airline uses in the country

IndiGo promoters should have managed disagreements better, say analysts

A proposal by one of the promoters to implement a code of conduct for related party transactions may independently be seen as a step in the right direction towards strengthening corporate governance s

IndiGo promoters' spat out in the open; Gangwal alleges governance lapses

Gangwal and his affiliates have around 37 per cent stake in InterGlobe Aviation while Bhatia and his affiliates (IGE Group) have about 38 per cent

Sebi seeks details from IndiGo on co-promoter complaints about deviations

Sebi has been probing the matter since reports surfaced about differences between the two key promoters