Gati’s promoters owned 17.78 per cent in the company as of September end.
Flights to US, Europe this holiday season may cost three times more on Jet’s exit. The India-London sector could see new flights, with Vistara and IndiGo possibly starting them next year, but other routes will have to wait. A Delhi-Paris ticket is priced at Rs 1,14,642 against Rs 40,020 in December last year, according to travel aggregator ixigo.
IndiGo on Wednesday announced it has become a member of the global lobbying body the International Air Transport Association, which is a group of more than 290 member airlines.
Airline’s founder Rahul Bhatia and his IGE Group filed a petition in Maryland District Court against IndiGo’s independent director Anupam Khanna, accusing him of acting in concert with co-founder Gangwal, who Bhatia has legally accused of breaching the shareholders' agreement on IndiGo. Bhatia filed the case on the alleged breach of shareholders’ agreement.
India’s second-quarter GDP data is to be released on November 29. In the recent past, auto sales, consumption, real estate sales and bank credit data have pointed to a demand slowdown. India’s industrial production shrank for the second consecutive month in September, its worst performance in the series that began in April 2012.
The European subsidiary of Mumbai-headquartered logistics firm Allcargo Logistics, has acquired majority stakes in Hong Kong-based PAK DA (HK) Logistics and Singaporebased Spechem Supply Chain Management.
Rahul Bhatia makes claim in fresh plea in US court to get documents from partner Gangwal.
Bhatia has moved the London Court of International Arbitration (LCIA) in New Delhi on October 1 in his allegations of Gangwal’s breach of the contract.
Raymond Thursday announced the demerger of its core lifestyle business which will create two separate companies—the new one housing the core branded textile, branded apparel and garmenting businesses and the existing one to have its new real estate project, land bank, engineering businesses of auto components and FMCG businesses among others.
IndiGo posted a 31% increase in its revenue from operations to Rs 8,105 crore.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon