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.
Bhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.
The feud between IndiGo founders, Rahul Bhatia and Rakesh Gangwal has now reached US courts where the former is seeking a legal order from a Maryland court to retrieve correspondence from IndiGo independent director Anupam Khanna.
Asa Hutchinson's visit comes in the backdrop of US president Donald Trump’s constant criticism of what he calls high tariff rates on US products
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