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Interglobe Aviation Wednesday

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  News for Interglobe Aviation Wednesday

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IndiGo cancelled 650 flights on Sunday, operated 1,650

The country's largest airline IndiGo on Sunday cancelled over 650 flights while the disrupted operations were slowly stabilising as the number of cancellations reduced and more than Rs 610 crore......

IndiGo ropes in external expert for flight disruption probe

IndiGo's board on Friday announced the appointment of an external aviation expert to carry out a root-cause analysis of recent flight disruptions. IMAGE: Passengers wait at Jai Prakash Narayan......

IndiGo crisis: DGCA grills CEO for 2nd day; sacks 4 flight ops inspectors

IndiGo CEO Pieter Elbers appeared before the Directorate General of Civil Aviation panel probing the operational disruptions for the second straight day on Friday, while the watchdog sacked four......

IndiGo Board Unsure If CEO Must Go

'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.' IMAGE: A passenger asks an IndiGo staffer for......

Govt orders 10% cut in IndiGo flights; airline says....

The civil aviation minister has asked for a 10 percent cut in planned IndiGo flights to help restore order at India's biggest airline, which cancelled thousands of flights nationwide after failing......

Mutual funds' cash holding fell in Sep amid decline in inflows

Cash holdings of equity mutual fund (MF) schemes moderated in September amid a slowdown in fresh inflows. Illustration: Dominic Xavier/Rediff Equity MF schemes held cash worth Rs 1.76 trillion at......

IndiGo moves Delhi HC seeking Rs 900 crore Customs duty refund

InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts......

Factors that will guide the markets this week

Quarterly earnings, macroeconomic data announcements and global trends will drive the Indian stock markets in a holiday-shortened week, analysts said. Illustration: Uttam Ghosh Stock markets would......

Rakesh Gangwal's family trust sells 1.3% stake in IndiGo

IndiGo promoter Rakesh Gangwal's family trust on Thursday sold a 1.3 per cent stake in the country's largest airline for Rs 2,933 crore through open market transactions, cumulatively offloading......

State Bank of India led MF buys in July with Rs 10,000 crore QIP bet

Mutual funds (MFs) — flush with cash amid record inflows in July — invested heavily in the Rs 25,000-crore qualified institutional placement (QIP) of India's largest lender State Bank of India......

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