Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.
Dutta was president of United Airlines, where he worked for nearly twenty years. He also served as the president of Air Sahara for two years. Moreover, he was an advisor to the restructuring of both Air Canada and US Airways.
'The recent price hike would only be beneficial if the airlines continue to operate at 80 per cent airline capacity. An increase towards 90 or 100 per cent airline capacity would again add pressure to the fares as demand remains muted. Also, we are in the fourth quarter of the fiscal year which is a seasonally weaker quarter,' says an analyst.
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.
Move aimed at giving more headroom to foreign investors.
Among top losers that dragged down key indices were Infosys, TCS, Reliance, SBI, Tata Steel and ITC, falling up to 2.15 per cent.
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
Top losers in the Sensex pack included M&M, SBI, Yes Bank, Asian Paints, HDFC, Tata Steel and L&T, shedding up to 2.55 per cent. The broader NSE Nifty settled 79.80 points, or 0.72 per cent, down at 10,996.10.
Indian companies have raised $1 billion so far this year - almost four times what they raised last year.
Leading low-cost carrier IndiGo has received the government's permission to buy 150 aircraft in the next 2-3 years, a senior company official said.
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.
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
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.
The genesis of the arbitration lies in a bitter public battle that began in July when Rakesh Gangwal wrote to capital market regulator Sebi alleging lack of corporate governance in the company. He alleged that Rahul Bhatia, who holds controlling power of the company, had used it to execute questionable related-party transactions.
The value of the ace investor's personal holdings rose by just 2%.
Focus will, however, shift back to corporate earnings, liquidity situation and global events - specially crude price.
IndiGo Airlines, a new domestic airline and a subsidiary of InterGlobe Entreprises, will start operations from August 4 with a daily flight from Delhi to Guwahati and Imphal.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'When you have surplus cash flow and markets correct sharply, what options do you have other than buying good stocks?'
Australian hotel major Accor, with its joint venture partner Interglobe, has earmarked Rs 600 crore (Rs 6 billion) for constructing mid-scale and economy hotels in Tier I and Tier II cities of the country.
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.
Companies, so far, were constrained by the provisions of Articles 370 and 35A, which restricted the purchase of land and hiring manpower.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
IndiGo Airlines, a new domestic airline, will introduce a daily flight from Nagpur to Mumbai and Kolkata from October 20.
IndiGo is arguably more a financial services company than airline.
It dismissed reports suggesting a stake sale as 'baseless'.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
Sensex, Nifty end lower on global concerns.
There are several examples of one name standing in for many brands.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Government believes privatisation would increase the airline's efficiency and make it profitable, enriching the value of the remaining stake with it.
Index heavyweights continue to be top losers with ICICI bank.
The international operations of Air India seem to be the main attraction for IndiGo, which has also flagged concerns about some foreign overseas airlines being allowed "disproportionate access" to the Indian market.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
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