InterGlobe Aviation shares tumble 7% after company posts net loss of Rs 1,062 cr for September quarter
After the market hours on Thursday, InterGlobe Aviation posted a net loss of Rs 1,062 crore for the September quarter, mainly on account of higher costs related to operating lease liabilities.
IndiGo reports biggest quarterly loss of Rs 1,062 cr due to high maintenance costs; cuts expansion targets
IndiGo is the country's largest airline in terms of domestic market share
IndiGo's parent InterGlobe Aviation on Thursday posted a net loss of Rs 1,062 crore for the September quarter as higher costs and mark-to-market losses took a toll on the bottom line
IndiGo-parent InterGlobe Aviations' shares fall over 2% after co-promoter Rahul Bhatia moves for arbitration proceedings
Shares of IndiGo on Thursday slumped over 2 percent after one of the main promoters Rahul Bhatia moved for arbitration proceedings amid differences with co-promoter Rakesh Gangwal
InterGlobe Aviation is the parent of IndiGo, the country's largest airline in terms of domestic market share
Saudi Aramco drone attacks: Oil marketing, aviation stocks tumble amid crude oil prices surge by 20%
Shares of oil marketing firms led by Bharat Petroleum Corporation Ltd (BPCL) on Monday cracked up to 7 percent following huge spike in crude prices
Markets regulator SEBI has sought a response from InterGlobe Aviation on a fresh letter by the company's co-promoter Rakesh Gangwal regarding corporate governance issues
Shares in SpiceJet and InterGlobe Aviation-owned IndiGo have soared 55% and 31% respectively this year, as the companies raced to fill in prime airport slots vacated by Jet Airways.
IndiGo promoters spat: Govt to examine if issues in airline are management dispute or companies law violation
The ministry, which is implementing the companies law, has sought information from InterGlobe Aviation -- the parent of IndiGo — after Gangwal raised red flags in July.
IndiGo corporate governance issue: Independent director Anupam Khanna flags 'tremendous trust deficit'
The email from Anupam Khanna—who is also chairman of the NRC—was disclosed by Rakesh Gangwal on Wednesday
Rakesh Gangwal's fear of Bhatia group pushing questionable decisions does no credit to directors: IndiGo chairman M Damodaran
Amid the ongoing feud between promoters, IndiGo Chairman M Damodaran has said Rakesh Gangwal's apprehension that Rahul Bhatia's group could push through questionable decisions after board expansion does no credit to the fiduciary responsibilities of directors
IndiGo promoters spat: Rakesh Gangwal denies reports of truce with co-founder Rahul Bhatia, says issues remain unsolved
In a letter here dated 5 August, Gangwal told the board of IndiGo's parent InterGlobe Aviation Ltd (IGAL) that issues between him and Bhatia remained unresolved.
IndiGo promoters' feud deepens: Provided information on related party transactions to authorities, says Rakesh Gangwal
IndiGo has been witnessing a divide between the two promoters, Rahul Bhatia and Rakesh Gangwal, since last year
IndiGo parent firm InterGlobe Aviation to put in place new policy on related party transactions amid promoters' feud
RPTs involving Bhatia's InterGlobe Enterprises was one of the issues flagged by Gangwal in his letter.
InterGlobe Aviation, the parent of the country's largest airline IndiGo, has submitted its responses to the watchdog on the issues raised by co-promoter Rakesh Gangwal in his complaint
IndiGo parent InterGlobe Aviation's shares up nearly 4% after company posts highest-ever profit in Q1
Shares of InterGlobe Aviation rose nearly 4 percent on Monday after the company posted its highest-ever quarterly profit of Rs 1,203.14 crore for the three months ended June
SEBI needs more funds, not less; govt move to suck out regulator funds comes amid a corporate governance crisis
The Finance Ministry's Budget proposal to suck out to the Centre's kitty a quarter of SEBI's surplus every year is against the grain because what India needs badly now is a culture of progressive corporate governance, on which SEBI has barely scratched the surface
IndiGo promoters' dispute impact: Board decides to increase strength to 10; to have 4 independent directors
The decision, taken during the company's board meeting on 20 July, comes against the backdrop of feud between co-promoters of IndiGo
The government has sought explanations from InterGlobe Aviation on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal
Under the cloud of sparring promoters, InterGlobe Aviation board is scheduled to meet on Friday to consider quarterly financial results and is also likely to discuss differences between the promoters over corporate governance matters