The Delhi-based airline currently has 13 Airbus A320 aircraft in the fleet and it plans to take another seven (A320 Neo) planes by June 2018.
IndiGo's share sale will raise the company's retained earnings to Rs 2,680 crore.
'Memories of a simple, yet amazing childhood, long lost, but never forgotten.' Vijay Menon takes us back to a time when overnight train journeys were the most exciting events of our lives.
Swiggy is shoring up capital to defend its position as India's largest food-ordering app as rivals Zomato and FoodPanda focus on growth after receiving funds
According to the revised plan, promoter Naresh Goyal, his wife Anita Goyal and the directors nominated by the promoter would be asked to step down from the board, and the lenders, as part of the resolution process, will infuse around Rs 1,200 crore into the airline as emergency funding.
'China has gone too long as a rogue power, trashing international norms, agreements, and treaties as if they were not the paper they were written on.' 'The ill-advised attack on Ladakh may be the beginning of the end of that nonsense,' advocates Rajeev Srinivasan.
Russia -- already India's biggest arms supplier from 2014-18, accounting for 58 per cent of India's defence imports -- eyes more, reports Ajai Shukla.
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
It is imperative that the government first decides who should assume ownership of running Air India.
'It is not clear how the NDA government -- including Defence Minister Nirmala Sitharaman and Finance Minister Arun Jaitley, backed by senior IAF officials -- claimed that the 36 Rafale contract with Dassault in 2016 cost the IAF 20% less than Dassault's 126 Rafale offer,' notes Ajai Shukla in the first of a three-part series.
Maruti being the market leader with a disproportionately high share of the passenger car market helped its component makers grow as an industry all these years and hence, the exit from a segment is a jolt if not a big setback.
The switch to centre-forward has also seen Ronaldo overtake Jimmy Greaves as the top goalscorer in Europe's top five leagues with 368 goals between the Premier League and La Liga, while also passing the milestones of 400 goals for Real and 100 Champions League strikes.
'An ASW corvette without towed array sonar and an ASW helicopter is nothing more than a feeble joke,' says a retired navy commodore.
The fresh funds would be used for expansion of Meru's network.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
The street leading up to his tea stall cum house is dotted with Argentina flags while a giant one flutters high making its presence felt.
This yummy mummy, who is 12 weeks into her pregnancy, will help you kick start your day on a healthy note.
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
Swiss seventh seed Belinda Bencic was stunned by Slovakia's Magdalena Rybarikova while former champion Ana Ivanovic was also sent packing in third-round action at the BNP Paribas Open in California.
The IAF is down to 34 squadrons. This will dip to 30 squadrons by the end of this decade, as nine squadrons of MiG-21 and MiG-27s retire.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
'At 1.58% of GDP, the defence budget is one of the lowest since the Chinese aggression of 1962.' 'The government of the day has lost sight of the fact that defence of the country is as important as its growth,' says Brigadier S K Chatterji (retd).
News of all that's transpired on and off the football field
'While fighter pilots must not be sent into combat in inferior aircraft, an obsessive quest for outright combat superiority will leave an air force short of numbers,' says Ajai Shukla.
'Sehwag, Yuvraj, Zaheer, Harbhajan and Irfan Pathan. The bunch that formed the formidable force of Dada's team. Have we seen the last of them?' wonders Abhijit Masih.
Airlines tell Arindam Majumder and Aneesh Phadnis they are forced to look at expats due to a lack of commanders, a position that requires experience.
'What was previously buried in the sands of time now gets buried by the weight of banality,' notes Sreehari Nair.
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With Civil Aviation Minister Ashok Gajapathi Raju favouring such checks, the Directorate General of Civil Aviation has prepared a monthly programme of surveillance of airports as well as of all schedule, non-schedule and general aviation companies, foreign airlines and the aviation wings of state governments, they said.
England beat Nigeria 2-1 in a friendly on Saturday that provided some clues as to how coach Gareth Southgate will line up his still experimental side when the World Cup gets underway in two weeks' time.
Distress sales, market closures and anchoring of fishing fleets have been reported from West Bengal, Andhra Pradesh, Tamil Nadu and Kerala.
Sreehari Nair lists some movies, documentaries, recorded-performance films, and literature and music suggestions that might help.
'Just a day before the Pulwama attack happened, one of my songs had released. It's called Baarishein, featuring Atif Aslam. However, it was pulled down the very next day. See, when it comes to standing with the nation, I will. Even when the makers decided to take that song down, I supported them. Atif and I are artists but we cannot be bigger than our nations.'
Life of air passengers was different in the 1970s.
Air Vice Marshal Arjun Subramaniam lists the major operational takeaways from the 1971 War in his new book 'India's Wars, A Military History, 1947-1971'.
Lessors of SpiceJet have in panic taken back some aircraft but if they see fresh investors coming in and taking charge, they are likely to relent and return the planes.
Its quiet, whitewashed elegance and colourful vibrancy make the erstwhile colonial town of Puducherry an ambler's delight.
'In Sanju, Rajkumar Hirani has essentially found a Rajkumar Hirani story buried inside Sanjay Dutt's life.' 'Now if you think that's scary, sample the alternative: Perhaps Sanjay Dutt had been living his life to suit the narrative of a Rajkumar Hirani film,' says Sreehari Nair.
Amol Shahane remembers the first time he was introduced to St Valentine.
A tiny village in the Gangotri area and a self-discovery vacation...
'It was almost as though there was widespread relief that the defence bureaucracy, and the minister, could find someone willing to shoulder the blame for everything that had gone wrong with the services under Antony's charge -- the poor preparedness of the forces, slow acquisitions caused by indecision, cancellation of contracts and whimsical blacklisting of defence contractors over the tiniest suspicion that they may have paid speed money or kickbacks.'
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