InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
While most of these commanders quit the airline for better prospects, some of them also parted ways due to the work culture
Indian companies are now more confident about the execution skills of local banks.
IndiGo promoter Rakesh Gangwal has written a letter to markets regulator Sebi flagging governance issues at the company and has accused fellow co-founder Rahul Bhatia and his firms of indulging in questionable related-party transactions.
There are several examples of one name standing in for many brands.
The airlines were penalised for 'concerted action in fixing and revising Fuel Surcharge (FSC) for transporting cargo.'
There has been a sharp recovery in the headline corporate earnings in the April-June 2023 quarter (Q1FY24), after a dismal showing by early bird companies. The combined net profit of the 983 listed companies that have declared their quarterly results, so far, was up 64.7 per cent year-on-year to record a high of Rs 2.68 trillion in the first quarter, but growth in earnings remained lopsided because most of the incremental gains came from a handful of companies. Moreover, the quarterly numbers showed a continued slowdown in revenue growth.
Priced at $22.2 million, Hawker 4000 has redefined standards for business aviation.
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.5 crore.
IndiGo barred a specially-abled child from boarding a flight as he was in "a state of panic"
The EGM would discuss deleting various Articles pertaining to transfer and acquisition of the company's shares, including 'Right of First Refusal' and ' Tag Along Right', in the company's Articles of Association.
At Rs 919 crore, InterGlobe Aviation, the parent firm of low-cost airline IndiGo, posted its best-ever fourth quarterly net profit in the January-to-March quarter (Q4) of financial year 2022-23 (FY23). The bottom-line, however, was lower than the Street's expectations where estimates ranged from Rs 1,160 crore to Rs 2,180 crore. On the bourses, shares of IndiGo have added just 30 paise (0.01 per cent) since the announcement of the Q4-FY23 results on May 18.
Rahul Bhatia, a promoter of the company, has been appointed as the interim CEO.
From the 30-share pack, Asian Paints, Reliance Industries Limited, Bajaj Finance, Mahindra & Mahindra, Indusind Bank, Bajaj Finserv, Maruti Suzuki, HDFC Bank and UltraTech Cement were the major gainers, jumping up to 5.56 per cent.
This was the biggest IPO in the Indian market since Infratel's.
Aviation companies were in focus with all the three airliners SpiceJet, InterGlobe Aviation and Jet Airways adding in the range of 2% to 3% on the BSE
CCI's ruling came on a complaint filed by Express Industry Council of India.
InterGlobe's IPO is India's biggest since the listing of around $750 million by Bharti Infratel Ltd in December 2012.
The fresh bout of trouble has forced IndiGo to ground aircraft periodically since July, and on August 20, the number of grounded aircraft touched nine
These stocks offer the best combination of maximum 'buy' recommendations from brokerages and share price upside over the next 12 months.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
Nigel loves luxury. A big golf enthusiast he also likes to run, play squash and drive his classic sports cars.
Top gainers from the Sensex pack are Infosys, Cipla, NTPC, ITC and Lupin
Currently, there are related party transactions in four areas -- real estate leased to IGAL, simulator training facilities, General Sales Agreements (GSAs) for limited foreign markets and crew accommodation at Accor Hotels, the IGE statement said. Citing unaudited numbers for 2018-19, the statement said the related party transactions in the four areas accounted for Rs 150.12 crore or 0.53 per cent of IGAL's consolidated turnover.
This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
Bank shares were the top gainers led by ICICI Bank.
According to the annual report, Ronojoy Dutta's remuneration package includes a gross annual salary of $1.27 million, which would be payable in rupees. Also, he is entitled for a commitment bonus payout. In FY20, he received a remuneration of Rs 11.4 crore in his role as CEO and whole-time director.
A negative net worth implies the company's liabilities are more than its assets
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
The company commands a market valuation of Rs 31,702.37 crore (Rs 317.02 billion).
InterGlobe has raised Rs 3,008.5 crore.
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs.
The carrier's total income rose over 28 per cent to Rs 8,229.4 crore in the three months ended December 2018.
Talks gain ground of strategic stake sale to foreign investor.
As corporate India prepares to put its house in order, the transition raises concerns
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The value of the ace investor's personal holdings rose by just 2%.
