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IndiGo’s billionaire owners’ feud over governance lapses heads to court

Rakesh Gangwal in July accused co-founder Rahul Bhatia of using his rights to push through party-related transactions in violation of rules.
An Airbus Group SE A320neo passenger jet operated by IndiGo

IndiGo’s future will be weighed down by spat between owners Bhatia and Gangwal

The tussle could result in a drawn out legal battle, allow rivals to take advantage, dilute the IndiGo brand & hurt its expansion plans.
An IndiGo aircraft | Dhiraj Singh/Bloomberg

All about related party transactions that are at the heart of IndiGo promoters’ spat

Rakesh Gangwal has accused Rahul Bhatia of ‘questionable’ related party transactions, which Bhatia says have been conducted on an ‘arm’s-length’ basis.
An IndiGo aircraft | Dhiraj Singh/Bloomberg

IndiGo can’t fly high with fights in the cockpit

With Indians’ trust in business and business tycoons at its lowest, any suggestion of impropriety can spiral out of control.
IndiGo CEO Ronojoy Dutta. | Photographer: Ruhani Kaur | Bloomberg.

IndiGo CEO reassures employees of airline’s functioning after founders’ spat goes public

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.

On Camera

Retiring early can be bad for the brain

Retiring early and working less has many benefits, such as reduced stress, better diets and more sleep. But as we found, it also has adverse effects.
File photo | RIL chairman Mukesh Ambani | Sanjit Das/Bloomberg

Reliance Retail gets $1 billion from Silver Lake for 1.75% stake

Reliance announced on 9 Sept that the California-based private equity firm with stakes in technology-related companies will pay the amount as part of the deal.

Defence

Representational image | Indian soldiers at the Line of Control in Jammu and Kashmir | PTI

No ‘major’ build-up at LoC but Pakistan pushing new Chinese-made assault rifles into Kashmir

Security forces have recovered EMEI Type 97 NSR rifles, manufactured by Chinese firm Norinco, which they believe were dropped into J&K through drones.
Illustration by Soham Sen | ThePrint

If Modi is a true reformer, he’ll bury Vodafone ghost and campaign on reforms in Bihar

No politician sees economic reform as a vote-catcher; it’s the old, povertarian economy that gets votes. Can Modi bring farm and labour reforms centre-stage?