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Aviation veteran Rakesh Gangwal invests $20 mn in Zetwerk

Manufacturing

07 March, 2024

Aviation veteran Rakesh Gangwal invests $20 mn in Zetwerk

No-frills carrier IndiGo's co-founder Rakesh Gangwal has invested $20 million in business-to-business manufacturing unicorn Zetwerk. Gangwal, who was also former chief ......

IndiGo co-founder Gangwal's family to offload stake

Consumer

12 June, 2023

IndiGo co-founder Gangwal's family to offload stake

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5%-8% stake in the Indian airline's parent InterGlobe ......

Go First, lessors lock horns as bankruptcy hearings begin

Infrastructure

05 May, 2023

Go First, lessors lock horns as bankruptcy hearings begin

Indian airline Go First's effort to start insolvency proceedings has become ensnared in a tussle with aircraft lessors after they ......

Rakesh Gangwal to sell 2.8% stake in IndiGo

Finance

07 September, 2022

Rakesh Gangwal to sell 2.8% stake in IndiGo

Rakesh Gangwal, co-founder and co-promoter, of India’s biggest airline, Interglobe Aviation Ltd owned IndiGo, will sell up to 2.8% stake ......

Markets end with losses for third day as IT stocks drag

Finance

25 May, 2022

Markets end with losses for third day as IT stocks drag

Markets closed lower for a third straight session on Wednesday, pressured by sharp losses in IT stocks, while a risk-off ......

Tepid trade on Dalal Street; financials higher but IT stocks cap gains

Finance

25 May, 2022

Tepid trade on Dalal Street; financials higher but IT stocks cap gains

Markets shed early gains to trade flat on Wednesday, as losses in technology stocks partially offset strength in banks and ......

Ronojoy Dutta quits no-frills carrier IndiGo as chief executive

People

18 May, 2022

Ronojoy Dutta quits no-frills carrier IndiGo as chief executive

InterGlobe Aviation-operated IndiGo on Wednesday said Ronojoy Dutta has stepped down as the airline’s chief executive officer effective September 30, ......

Bulls in driving seat for third session, financials tech stocks lead uptick

Finance

18 May, 2022

Bulls in driving seat for third session, financials tech stocks lead uptick

Markets rose for a third straight session in early trade on Wednesday, outperforming regional peers as investors continued to scoop ......

Indian carrier IndiGo's parent skids over 4% as co-founder quits, plans stake cut

Infrastructure

21 February, 2022

Indian carrier IndiGo's parent skids over 4% as co-founder quits, plans stake cut

Shares of InterGlobe Aviation, the parent of India's biggest airline IndiGo, dropped on Monday after one of its co-founders resigned ......

From burgers to airfare, discount offers stack up for inoculated Indians

Consumer

23 June, 2021

From burgers to airfare, discount offers stack up for inoculated Indians

Discounts on items ranging from fast food to flights are being offered by Indian firms keen to lure people to ......