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STAKE REDUCTION INDIGO
Air India board meeting on May 7; cost-saving steps, CEO selection likely on agendaAir India's board meets May 7 to discuss cost cuts and a new CEO. The airline faces significant losses and challenges from rising jet fuel ...- How a critical sector was saved from 'Indigo-isation'India's aviation market is heavily concentrated, with IndiGo and Air India dominating. Recent IndiGo cancellations highlight the risks of t...
- SpiceJet shares rise 13%, extending second-day rally amid IndiGo operational disruptionsSpiceJet shares spiked intraday as operational disruptions at rival IndiGo boosted demand for its services. Despite the short-term rally, t...
- Gangwals to sell 3.1% in IndiGo parent via Rs 7,020-crore block dealsRakesh Gangwal's family is set to sell a 3.1% stake in InterGlobe Aviation (IndiGo) through block deals valued at $801 million, priced at ₹...
- IndiGo shares plunge 6% as promoter plans $1 billion stake saleIndiGo shares: Sources told CNBC-TV18 that the promoter group aims to raise approximately $1 billion through the sale. Currently, InterGlob...
- D-Street lures FIIs back with big ticket block tradesForeign investors are returning to Indian stocks, spurred by $5.5 billion in block trades in May, the highest in almost a year. This influx...
- India Inc promoters cash out Rs 1 lakh crore in 2024. Sign of stock market peaking?In 2024, promoter sales exceeded Rs 1 lakh crore. Data from ETMarkets and Prime Database reveal that promoters of over 250 companies have s...
- Rakesh Gangwal to sell 3.3% stake in IndiGo for Rs 3,700 croreIndiGo co-founder Rakesh Gangwal will sell up to a 3.3% stake in Interglobe Aviation, the company that owns and operates the airline IndiGo...
- Stocks that top 5 mutual funds bought and sold in FebruaryEquity MFs have seen the highest inflows in 9 months at Rs 15,685 crore
- Gangwal to sell 2.8 per cent stake in IndiGo for Rs 1,996 croreThe shares will be sold at Rs 1,850 a share — a discount of 6.5 per cent to its closing price on Wednesday
- Buy InterGlobe Aviation, target price Rs 2284: Centrum BrokingInterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 70141.40 Crore) operating in Air...
- Rakesh Gangwal resigns from IndiGo board, to reduce stake in firmIn his resignation letter, he also said he will “slowly” reduce stake in the company for the next five years.
- Airlines risk extinction as India refuses to bail billionaires outModi’s administration hasn’t doled out funds to industries or airlines backed by private businesses.
- This Indian airline rescue is touch-and-goThe world’s fastest-growing aviation market is gripped by a mad expansion it just can’t stop.
- A Tata deal may lift cloud over Jet Air, could bring in pricing power for sectorThe Tata Group has been extremely ambitious and serious about the aviation business.
- Jet Airways vows to cut costs, sell stake in loyalty programBesides cost reductions, Jet Airways has also proposed capital infusion and paring of debt that would result in “significant” decrease in i...
- What Air India’s seller and any future buyer should do to make the deal flySeverance pay and other obligations should be settled. The less govt insists on the buyer to take on the existing staff, the better price i...
- When Jhunjhunwala grilled IndiGo top brass after poor Q4 earningsThe big bull quizzed the company’s CFO on how he plans to address fluctuating fuel cost.
- Jet Airways chairman Naresh Goyal pitches for reducing aviation fuel prices"New aviation policy should work on bringing down (Aviation Turbine Fuel) prices," he said, when asked about the issue.
- SpiceJet issue, safety downgrade marred civil aviation sectorNational carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched op...
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