The Foreign Investment Promotion Board on Friday gave conditional approval to the proposal of InterGlobe Aviation which would pave the way for fresh foreign direct investment in private air carrier IndiGo.
The airline will be inducting large number of A321s this year which will be largely used on international routes and high density domestic routes.
Whatever the final outcome of this unhappy episode, one thing is clear: a glass once cracked cannot be fixed. The trust is gone forever and the relationship between two old friends lies in tatters. For now, IndiGo, the airline, will have to learn to soar with two angry and distracted commanders, says Anjuli Bhargava.
Images from the IPL 2023 match between Punjab Kings and Royal Challengers Bangalore on Thursday.
'If Rahul Gandhi's authority was absolute, he could have picked his man.' 'Compare this with the ease with which outsiders like Adityanath, Khattar and Fadnavis were picked.'
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
Find out which stars Photographer Pradeep Bandekar encountered on Tuesday.
The stars Rediff.com Contributing Photographer Pradeep Bandekar sighted on Monday.
Since the company's senior management was privy to the price-sensitive information of Ghosh's resignation, Sebi wanted to check whether the information was disseminated properly to bourses
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
A 'Go To' man in Kolkata Knight Riders for more than a decade, Sunil Narine will have to play out of his skin to justify his place in the playing eleven when his team takes on Punjab Kings in a must-win Indian Premier League game in Kolkata on Monday.
'There will be an instant and positive change in the way Rahul Gandhi is perceived by millions if he says he is not a candidate for PM,' suggests Aakar Patel.
Scholarships, sports and spirit define Phee Teik Yeoh, the new CEO of Vistara in India
Analysts remain sceptical on the profitability from freighter business, saying that once normal air transport resumes and there's abundant belly capacity, the traditional economics of air cargo may not be that lucrative.
Bollywood stars celebrate the auspicious festival of Ganesh Chaturthi at their homes with their loved ones.
In his short speeches at various places, Gandhi assailed Modi over demonetisation and a host of other issues.
The lower quarterly profit was mainly due to rise in fuel costs, foreign exchange loss and lower yield
Indigo continued its market leadership ferrying 5.77 million passengers in the month, followed by rival Spicejet with 1.86 million, and Air India carrying 1.55 million passengers. Goair, AirAsia India and Vistara transported 1.33 million, 7.72 lakh and 6.48 lakh passengers, respectively.
Move aimed at giving more headroom to foreign investors.
Talks gain ground of strategic stake sale to foreign investor.
Karnataka looked set to secure a big first innings lead against Goa despite fighting half-centuries by three of the home team's batters on day three of their Elite Group C match in Porvorim, on Thursday.
A roundup of the Vijay Hazare Trophy one-day matches played on Tuesday.
Based on the Skytrax ranking for 2018, IndiGo is number two among the best low-cost carriers in Asia, behind rival AirAsia.
IndiGo, which has grown rapidly to become India's biggest airline by market share, has now ordered 530 A320 family planes from Airbus, the planemaker said in a statement.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
In an act of gamesmanship, pacers, right-arm quick Harshit Rana (1/27 in 3 overs) and left-arm seamer Kuldip Yadav (2/27 in 3 overs) also wasted time, either faking cramps or tying shoelaces or not delivering the ball even after completing the action.
A summary of Tuesday's action in the Ranji Trophy.
Much, much, much before Rocky Aur Rani Kii Prem Kahaani fussed over What Jhumka, Asha Bhosle trilled in her alluring voice and teased us with tantalising details about the events leading to her precious Jhumka's loss. Sukanya Verma celebrates the singing legend who turns 90 on September 8.
Dulquer celebrates daughter's birthday... Tamannaah wraps up a film... Preity cooks...
At the heart of the strategy is the basic fundamental of keeping costs for long-haul flights low.
A roundup of the Vijay Hazare Trophy one-day matches played on Wednesday
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
Six young Indian designers showcased their stylish ideas and vision to make India a fashion destination.
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines.
Top no-frills carrier IndiGo on Tuesday approached capital markets regulator Sebi with Initial Public Offer.
IndiGo is arguably more a financial services company than airline.
Rakesh Gangwal's holding is considered FDI even though the majority stake in Caelum is held by NRIs
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Fresh from his exploits in Mumbai's maiden Syed Mushtaq Ali T20 triumph, Kotian got down to business after his pace colleagues Tushar Desphande (2/23) and Mohit Avasthi (1/29) handed Bengal early blows.
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