New Delhi: The impending stake sale by Indigo ex promoter Rakesh Gangwal besides slowing earning trajectory in 2Q is likely to weigh on Indigo’s stock price, JM Financial Institutional Securities said in a report. Indigo’s ex promoter Rakesh Gangwal sold 5 per cent stake in the company via a block deal. This is in…
NEW DELHI: In the vast expanse of India’s aviation landscape, where countless airlines have met their demise, a unique success story emerged from an unlikely partnership. Rakesh Gangwal and Rahul Bhatia, two friends from divergent professional backgrounds, united their vision and expertise to create what would become India’s most triumphant airline – IndiGo. This is…
Stocks to Watch on August 17: Nifty futures traded 18 points, or 0.09 per cent, lower at 19,394, signaling that Dalal Street was headed for a negative start on Thursday. Here’s a slew of stocks that will be in focus today for various reasons. Adani Ports: Two promoter entities have raised shareholding in Adani Ports and…
Stocks to watch on August 16: Nifty futures traded 94 points, or 0.48 per cent, lower at 19,380, signaling that Dalal Street was headed for a negative start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons. SBFC Finance: The grey market premium indicates a likely bullish debut for…
IndiGo is working on the expansion of its international flight network. With this new flight, the airline will improve connectivity with Central Asia. Specifically, the Indian carrier will operate flights four times a week between Azerbaijan’s capital Baku and India’s capital Delhi, starting from August 11. It is worth mentioning that Baku is the 30th international destination…
Aviation regulator DGCA on Thursday said material anomalies detected in certain Pratt & Whitney engines will have a “minimal” impact on IndiGo fleet as only two operational engines of the airline will be required to be removed for inspection. While a total of 15 engines powering IndiGo planes will be impacted, 13 of them are…
Indian Airline has expanded its international operations with the addition of Tbilisi, Georgia to its network. The addition of Tbilisi to its network comes as part of the airline’s expansion plan focusing on increasing its international presence. Furthermore, the airline has been growing its international network by growing its codeshare network with Turkish Airlines. Because…
Shelly Jyoti, a highly respected artist celebrated for her thought-provoking work, is delighted to unveil her latest project, “INDIGO: THE BLUE GOLD,” which will be on display at the South Asia Institute (SAI) in Chicago from July 22 to December 16, 2023. This captivating exhibition delves into the colonial history of indigo and its profound…
In the year 2023 itself, a total of 338 technical snags have been reported until July by domestic air carriers in India. Source link
A passenger, onboard the flight said that the pilot of Indigo flight number 6E-2172 announced mid-air about the technical glitch in the aircraft, and said that the flight is returning to Delhi’s IGI airport. Source link