Gregg Albert Saretsky appointed non-executive director on IndiGo board
NEW DELHI: The InterGlobe Aviation has appointed Gregg Albert Saretsky, who was the former CEO of a Canadian airline, as a non-executive non-independent director on the board of IndiGo, according to a statement. Saretsky is a nominee of Rahul Bhatia’s InterGlobe Enterprises (IGE) group, which holds around 38-per-cent share in the budget carrier. He has […]
Government seeks explanation from IndiGo on issues raised by Rakesh Gangwal
NEW DELHI: The government of India has sought explanations from InterGlobe Aviation (IndiGo’s parent firm), on allegations of corporate governance lapses raised by co-founder and promoter Rakesh Gangwal. In a filing to the stock exchanges, the company on Thursday said it received a communication on Wednesday from the Ministry of Corporate Affairs (MCA) regarding the […]
IndiGo Q4 profit jumps 5-fold to Rs 589.6 crore
NEW DELHI: InterGlobe Aviation, the parent company of IndiGo airline, on May 27 reported a five-fold jump in profit after tax to Rs 589.6 crore for the January-March quarter compared to Rs 117.6 crore in the corresponding period of 2017-18. The carrier’s total income rose by 35.5% to Rs 8,259.8 crore in the quarter ended […]