IndiGo shareholders reject amending Article of Association: Reports
IndiGo held its extraordinary general Meeting (EGM) today to discuss deletion of rules that make it tough for the main shareholders to sell or buy shares in the company. But for the resolution to be approved, Gangwal needed the support of Rahul Bhatia-led group who holds 38.3 per cent along with family in the airline's holding company Inter Globe Aviation.
Coronavirus: IndiGo suspends some flights to China, Hong Kong
Indian passenger carrier IndiGo on Wednesday said that they will suspend some f...
Slowing demand, competition a drag on IndiGo
But, economic slowdown in Indian has reduced the passenger traffic growth to single digits.
IndiGo shareholders reject co-promoter Gangwal's special resolution to amend AoA
Rahul Bhatia and affiliates -- InterGlobe Enterprises (IGE) Group -- has around 38 per cent stake in the company and Rakesh Gangwal and his related entities own around 36.64 per cent stake. As per the AoA, if any member of Rahul Bhatia-led IGE Group wants to transfer shares to a third party, then the non-transferring group will have the 'Right of First Refusal' subject to certain conditions.
IndiGo, Air India cancel some flights to China as Coronavirus cases pile up
"Therefore, we are suspending our flights between Delhi and Chengdu from February 01, 2020 until February 20, 2020. We are also suspending our Bengaluru- Hong Kong flight effective February 01, 2020," it added. IndiGo said it will continue to operate the Kolkata-Guangzhou flight which it is" monitoring on a daily basis.
Coronavirus outbreak: IndiGo suspends flights on Delhi-Chengdu and Bengaluru-Hong Kong routes
"Due to China travel restrictions, we have seen a high number of cancellations from China on our Delhi-Chengdu route and vice versa. Therefore, we are suspending our flights between Delhi and Chengdu from February 01, 2020 until February 20, 2020. We are also suspending our Bengaluru- Hong Kong flight effective February 01, 2020," the airline said in a statement.
Govt investment needed to bring about a multiplier impact: Dilip Bhat, Prabhudas Lilladher
Unless and until that picture is clear, the market will continue to be very tentative and apprehensive and a “sell-on-the-rise” market, says Dilip Bhat, Joint MD, Prabhudas Lilladher.
IndiGo suspends comedian Kunal Kamra on inflight video heckling journalist
“In light of the recent incident on board 6E 5317 from Mumbai to Lucknow, we wish to inform that we are suspending Mr. Kunal Kamra from flying with IndiGo for a period of six months, as his conduct onboard was unacceptable behaviour,” the airline tweeted without specifying details of the incident.
Arnab's heckling: SpiceJet, GoAir ban Kunal Kamra; AirAsia India and Vistara 'reviewing' matter
Minister for aviation Hardeep Singh Puri had taken note of the incident on Tuesday and "advised" other airlines in India to impose similar restrictions on Kamra, stating "offensive behaviour designed to provoke & create disturbance inside an aircraft is absolutely unacceptable & endangers safety of air travellers".
Air India’s network seen as biggest strength in flight to selloff
While the terms of the second divestment attempt have been considerably sweetened by relaxing eligibility norms for bidders, allowing them to take on a much lower debt-cum-liability burden and the government exiting fully, Air India's biggest strength could be its network. Among Indian carriers, AI and AI Express account for 50.6% market share.
InterGlobe Aviation shares gain 2% post Q3 results; should you buy?
HDFC Securities maintained a ‘Buy’ call on InterGlobe Aviation with a target price of Rs 1,750.
Analyst Calls: TCI Express, Torrent Pharma, Indigo, Brigade Enterprises
IIFL Securities has initiated coverage on Brigade Enterprises with a target price of Rs 302.
No obligation on airlines to escort every flyer to boarding gate: SC
A bench comprising Justices A M Khanwilkar and Dinesh Maheshwari said if such request is made, there is no reason to presume that the ground- staff of the concerned airline will not extend logistical assistance to facilitate the passenger for reporting at the boarding gate in time.
IndiGo Q3 results: Profit jumps 2-fold to Rs 496 crore; revenue rises 26%
The company said its passenger ticket revenue rose 24.1 per cent to Rs 8,770 crore.
Market Movers: USL high on Q3 nos, ITI tanks 6%; 30 stocks ‘overbought’
Sensex slipped 188 points for the day to end at 40,966 while Nifty dipped 58.75 points to 12,060.
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