IndiGo promoter sells about 2% shareAfter the share sale, the Rahul Bhatia owned company will continue to remain IndiGo’s largest shareholder with around 35.7% stake in the co...
11 Jun, 2024, 09.17 PM IST
Accor bullish on India, to open 30 more hotels in five yearsEurope's largest hotel chain, Accor, plans to launch 30 hotels in India totalling about 5500 keys over the next three to five years. In an ...
03 Apr, 2024, 12.09 AM IST
IndiGo renews its partnership with French hospitality group AccorBudget carrier IndiGo has renewed its partnership with French hospitality group Accor. Through this partnership, IndiGo's 6E Rewards member...
29 Nov, 2021, 01.55 PM IST
In Covid times, top hotels booked for big fat Indian weddingHotels are liable to get full due to the new social distancing norms for both residential rooms as also banquet spaces and states relaxing ...
16 Nov, 2020, 12.07 PM IST
Gangwal seeks rejection of Bhatia plea in US court to get documentsBhatia has moved the London Court of International Arbitration (LCIA) in New Delhi on October 1 in his allegations of Gangwal’s breach of t...
11 Nov, 2019, 07.30 AM IST
IndiGo cofounder Rahul Bhatia takes partner Rakesh Gangwal to court in FloridaBhatia has filed the plea seeking information about Gangwal’s alleged breach of shareholders' agreement.
23 Oct, 2019, 09.35 AM IST
IndiGo crisis: Understanding related party transactionsWhile there are a few contentious issues on which Gangwal and Bhatia disagree, one of the main reasons for their public fallout has been ov...
25 Jul, 2019, 08.32 PM IST
Interglobe Enterprises dismisses ‘whistleblower plaints’ as just a smokescreenWas there really any whistleblower plaint or not? Gangwal insists there was one, while Bhatia camp denies it.
25 Jul, 2019, 11.06 AM IST
IndiGo to soon finalise policy for related-party transactionsThe talks between the two feuding camps were brokered by IndiGo chairman M Damodaran.
25 Jul, 2019, 06.44 AM IST
IndiGo shareholders deserve a better reward than infightingPromoter quarrel couldn’t have come at a worse time for minority shareholders of IndiGo.
11 Jul, 2019, 05.28 PM IST
Bhatia’s IGE denies it took any advantageIt said the value of related-party transactions amounted to Rs 150 crore for 2018-19.
11 Jul, 2019, 08.05 AM IST
IndiGo promoters’ feud takes serious turn; Gangwal seeks Sebi’s interventionGangwal in a letter to Sebi has alleged “collapsing corporate governance standards” at IndiGo.
10 Jul, 2019, 08.43 PM IST
InterGlobe's Bhatia refutes charges by Gangwal, says related party transactions just 0.53% of turnoverRakesh Gangwal in a letter to Sebi has raised many governance issues relating to certain RPTs.
10 Jul, 2019, 07.52 PM IST
InterGlobe Hotels plans Rs 700 crore investment to add 6 hotels in India by 2022The company currently has 19 hotels across the country under 'ibis' brand with 3,559 rooms.
28 Apr, 2019, 12.50 PM IST
Elections, rising supply to dampen hotel industry’s performance in 2019: ReportOver the last two years, hotel supply in India grew by 3.7% in 2017, and 3.5% in 2018, while demand grew by 7% and 6.8%, the report said.
04 Apr, 2019, 09.36 AM IST
Accor brings luxury brand Raffles to India; group to add 5K workforce in 3 yearsAccor is looking to add 24 hotels in India in next 3 years and adding around 4,000-5,000 people to its workforce.
03 Apr, 2019, 05.22 PM IST
Bhatias of IndiGo Airline top bidder for GMR's Novotel Hyderabad hotelThe Bhatias of IndiGo Airline have emerged as top bidders for Novotel Hyderabad Airport, a GMR group hotel, in a deal worth Rs 300 crore.
24 Jan, 2014, 11.04 AM IST