IndiGo co-founder Rakesh Gangwal on Tuesday alleged serious governance lapses by co-founder Rahul Bhatia in a letter to SEBI, causing a dip in the airline's market share.
IndiGo operator InterGlobe's shares tumbled as much as 19% amid concerns that a power struggle between co-founders Rakesh Gangwal and Rahul Bhatia will become prolonged.
Shareholders will vote on banks picking up a majority stake – at a price of Rs 1 for 114 million shares, to avoid putting India’s oldest private airline into court-administered bankruptcy.
Perhaps the present crisis and trauma can force our country into something resembling that special moment we found in the sixties. Perhaps we can radically alter our business environment.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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