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IndiGo to raise up to $534 mn via share sale

Infrastructure

10 August, 2020

IndiGo to raise up to $534 mn via share sale

Interglobe Aviation Ltd, which runs India’s largest airline IndiGo, said on Monday it will raise up to 40 billion rupees ......

IndiGo to cut 10% of workforce due to COVID-19 impact

Infrastructure

21 July, 2020

IndiGo to cut 10% of workforce due to COVID-19 impact

IndiGo, India’s biggest airline, said it will cut 10% of its workforce as it grapples with declining revenues due to ......

Nifty closes above 10,000 as lockdowns ease

Markets

03 June, 2020

Nifty closes above 10,000 as lockdowns ease

India's Nifty index on Wednesday closed above the 10,000 mark for the first time since mid-March as the economy re-emerges ......

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Why Indian aviation faces a long flight to full recovery from virus impact

Infrastructure

21 May, 2020

Why Indian aviation faces a long flight to full recovery from virus impact

The government’s decision to allow domestic carriers to resume partial operations from next week came as a shot of adrenaline ......

Sensex, Nifty rise as travel curbs eased; airlines, ITC surge

Markets

21 May, 2020

Sensex, Nifty rise as travel curbs eased; airlines, ITC surge

Indian shares ended higher on Thursday for the third consecutive session as the country eased curbs on air and rail ......

Govt allows some flights, asks airlines to follow ticket price rules

Infrastructure

21 May, 2020

Govt allows some flights, asks airlines to follow ticket price rules

Airlines should stick to ticket price guidelines issued by India's civil aviation ministry when they restart some domestic flights, two ......

Rahul Bhatia's InterGlobe fails to make the cut for Virgin Australia

Infrastructure

18 May, 2020

Rahul Bhatia's InterGlobe fails to make the cut for Virgin Australia

Virgin Australia Holdings Ltd's administrators have short-listed potential buyers BGH Capital, Bain Capital, Indigo Partners and Cyrus Capital Partners, a ......

Grapevine: PE funds in fray to buy Reliance's power distribution biz; Nippon eyes stake in IndusInd

General

12 May, 2020

Grapevine: PE funds in fray to buy Reliance's power distribution biz; Nippon eyes stake in IndusInd

A group of investors including Caisse de dépôt et placement du Québec (CDPQ), Actis LLP and Brookfield Asset Management have shown ......

Coronavirus chaos: Airlines told to stop bookings; GoAir sends 90% staff on leave

Infrastructure

20 April, 2020

Coronavirus chaos: Airlines told to stop bookings; GoAir sends 90% staff on leave

India's aviation regulator has told airlines not to take bookings as the government has not yet decided when to recommence ......

IndiGo cuts staff pay as coronavirus curbs air travel

Infrastructure

19 March, 2020

IndiGo cuts staff pay as coronavirus curbs air travel

India’s biggest airline IndiGo has cut the salaries of most employees by between 5% and 20% in response to the ......