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Interglobe Aviation News

17 Aug 2023

Indigo Investors Alert! Stock Price May Be Impacted For THESE 2 Reasons, Check

Indigo continued to gain market share during July 2023 with its share now at 63.4 per cent (63.2 per cent in June 2023).

10 Jun 2023

Who Is Rahul Bhatia, Man Who Earned Rs 8,583 Crore In Just 2 Months?

Rahul Bhatia's net worth has climbed from $4.28 billion to $5.32 billion in just two months.

10 May 2021

IndiGo to raise Rs 3,000 crore amid COVID-19 pandemic

InterGlobe Aviation said its board, during the meeting on Monday, approved "raising of funds for an aggregate amount not exceeding up to Rs 3,000 crore". This will be done through the issuance of equity shares by way of Qualified Institutions Placement (QIP).

Interglobe Aviation

02 Jun 2020

IndiGo posts Rs 871 crore loss in March quarter

The parent of the country's largest airline IndiGo had a profit after tax of Rs 595.8 crore in the year-ago period.

06 Aug 2019

Indigo says promoter Gangwal's website on 'relevant updates' is unauthorised

Rakesh Gangwal stated in his letter of August 5, 2019 that he has set up a website to update “relevant information” as needed.

22 Jul 2019

IndiGo to expand Board to 10 members including 4 independent directors

Currently Indigo board comprises six members – Chairman M. Damodaran, Rahul Bhatia, Rakesh Gangwal, Anupam Khanna, Anil Parashar, and Rohini Bhatia who is an independent woman board member.

16 Jul 2019

No enquiry yet in Indigo promoters feud by MCA

SEBI has sought the response from the company on allegations of Gangwal by July 19 while the board of Inter Globe Aviation, the promoter company of Indigo are also meeting on July 19 to consider the results.

10 Jul 2019

IndiGo stocks crash over promoters dispute, ends 10.73% lower

Rakesh Gangwal, one of the co-founders of the airline, has alleged violation of corporate governance rules at Indigo, seeking regulatory intervention from market regulator Sebi.

10 Jul 2019

As shares nosedive, Indigo CEO says promoters' tussle will sort out eventually

Rakesh Gangwal, one of the co-founders of the airline, has alleged violation of corporate governance rules at Indigo, seeking regulatory intervention from market regulator Sebi.

10 Jul 2019

IndiGo co-founder turns to SEBI over alleged corporate governance violation

The move appears to indicate that a boardroom dispute is escalating after a report in May that the co-founders and two largest shareholders of India`s largest airline were at odds over its expansion.

23 Jan 2019

InterGlobe Aviation third-quarter profit plunges as crude prices weigh

Its net profit was 1.91 billion rupees ($26.79 million) in the three months ended Dec. 31, compared with 7.62 billion rupees a year earlier, the company said.

02 May 2018

IndiGo's Q4 profit slumps 73% to Rs 118 crore

In the fourth quarter of 2017-18 , the firm had a higher total income of Rs 6,056.84 crore compared to Rs 5,141.99 crore in the same period a year ago.

Competition Commission

08 Mar 2018

CCI penalises Jet Airways, InterGlobe Aviation, SpiceJet for unfair biz practi

The watchdog has imposed a fine of Rs 39.81 crore on Jet Airways while the penalties on InterGlobe Aviation and SpiceJet are Rs 9.45 crore and Rs 5.10 crore, respectively.

IndiGo airlines

30 Jun 2017

Will not pursue AI bid if not profitable: IndiGo President

Having joined the race to buy out Air India, IndiGo President Aditya Ghosh has told employees that it will not embark on the journey if it is not profitable and jeopardises interests of the airline.

IndiGo airlines

29 Jun 2017

IndiGo airlines shows interest in buying stake in Air India

IndiGo said in a letter it would be interested in buying out the International operations of Air India and its low-cost wing, Air India Express.

23 Mar 2017

NSE allows 15 companies including Reliance Defence in F&O segment

Top stock exchange NSE has decided to admit 15 companies including Reliance Defence and Engineering, InterGlobe Aviation, Suzlon Energy, Muthoot Finance and Piramal Enterprises, on its futures and options segment, from March 31.

31 Jan 2017

IndiGo Q3 net profit slumps 25% to Rs 487 crore

InterGlobe Aviation, parent of no-frills airline IndiGo, Tuesday posted a 25 percent fall in net profit at Rs 487.26 crore in the three months ended December 2016 primarily impacted by higher fuel expenses and other costs.

18 May 2016

IndiGo appoints Rohit Philip as CFO

IndiGo's parent InterGlobe Aviation on Wednesday announced the appointment of Rohit Philip as its Chief Financial Officer.

17 Mar 2016

Boeing, Airbus eye Indian growth as fears of global slowdown mount

Boeing Co and Airbus Group SE said on Thursday they expect Indian airlines to order up to 1740 jets over the next 20 years, as aircraft manufacturers eye one of the world`s fastest-growing aviation markets to offset any weaker sales elsewhere

Competition Commission

20 Feb 2016

CCI rejects Air India's complaint against IndiGo

Air India and IndiGo are among the key domestic airlines.

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