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INTERGLOBE AVIATION NEWS

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Gangwal to begin sale of 2.8% IndiGo stake for $250 million

September 08, 2022 2:35 am

Gangwal served as a non-executive and non-independent director on the board. The Gangwal family and their trust will sell a 2.8 per cent stake through a block deal for $250 million or Rs 2,000 crore in InterGlobe Aviation on Thursday.

IndiGo's parent InterGlobe Aviation posts smaller June-quarter loss

August 03, 2022 4:53 pm

IndiGo expects a jump of about 70%-80% in capacity in available seat per kilometre in the current quarter from the same period a year earlier.

From HDFC Bank to Infosys: Here are top stocks to watch on April 18

April 18, 2022 10:41 am

Stocks to watch: From ICICI Prudential Life Insurance Company to InterGlobe Aviation, here are the key stocks to look out for on Monday's trade.

InterGlobe Aviation shares fall 4.5% after co-founder Rakesh Gangwal resigns

February 21, 2022 11:11 am

The IndiGo stock fell 4.47 per cent to Rs 2,025.45 apiece on the BSE while on the National Stock Exchange (NSE), it crashed as much as 4.32 per cent to Rs 2,025.20 per share.

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IndiGo co-promoter Rakesh Gangwal resigns from airline's board; will gradually reduce stake over 5 years

February 19, 2022 12:15 am

Gangwal’s resignation comes around two weeks after other promoter Rahul Bhatia took charge as the company’s managing director.

Interglobe Aviation posts bigger quarterly loss as fuel expenses soar

October 28, 2021 6:42 pm

Interglobe's aircraft fuel expenses in the quarter soared 207.8%.to 19.89 billion rupees in the reported quarter, the company said.

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InterGlobe Aviation to raise up to Rs 4,000 crore via share sale

August 11, 2020 12:45 am

The board of directors of InterGlobe Aviation Limited at its meeting on August 10, 2020 has considered and approved the raising of funds for an aggregate amount not exceeding Rs 4,000 crore through an issue of equity shares by way of a qualified institutions placement.

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IndiGo employees to get full salaries as airline decides to rollback paycuts

April 23, 2020 4:06 pm

In an email sent to its employees, IndiGo has said that in deference to the government's wishes of not reducing pay during the lockdown, the management has decided not to cut the salary of the employees for the month of April.

Airline shares tumble as global travel restrictions hit investor sentiment

March 12, 2020 12:43 pm

Shares of IndiGo, SpiceJet and the defunct Jet Airways were deep in the red in the morning trade, with SpiceJet slumping over 18 per cent.

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Crude oil related stocks in focus: RIL slips 8%, ONGC market cap dips below Rs 1 lakh crore

March 09, 2020 11:38 am

The shares of oil marketing companies were trading on a positive note during the morning trade with Hindustan Petroleum (HPCL) surging as much as 12.82 per cent to Rs 226.60, while Bharat Petroleum (BPCL) climbed 12.72 per cent to Rs 454.10 and Indian Oil (IOC) rose 4.41 per cent to Rs 105.25.