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No Costs Demanded From Company In Promoters' Feud: IndiGo Parent

No Costs Demanded From Company In Promoters' Feud: IndiGo Parent
outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.

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How is US student visa approval hitting a record high in India?

How is US student visa approval hitting a record high in India?
indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.

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IndiGo firms up 250 A320neo aircraft – Airbus' largest order by number

IndiGo firms up 250 A320neo aircraft – Airbus' largest order by number
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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The kerfuffle over stock options for IndiGo's boss

The kerfuffle over stock options for IndiGo’s boss
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Rahul Bhatia and Rakesh Gangwal, joint promoters of the company that runs India’s top airline IndiGo, have been at odds in recent years over various points of business practice. But one thing they evidently agree upon is InterGlobe Aviation Ltd’s compensation package for its chief executive officer (CEO) Ronojoy Dutta, who took charge in January 2019 and led the carrier through a severe bout of post-covid turbulence. Last year’s big disruption left the company with a net loss of over ₹4,659 crore in the first nine months of 2020-21, as reported, far worse than its ₹247 crore loss on revenues of about ₹35,756 crore in 2019-20. In those three quarters, Dutta was paid ₹8.2 crore, including a committed bonus of ₹3.75 crore. This payout, a clear drop from his previous year’s total of ₹17 crore, was widely taken as par for the course, apparently, but what prov ....

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Indigo's Revival Bid- Business News

Indigo s Revival Bid
After a brutal year, India s largest airline looks to bounce back, but there could be surprises ahead
On March 25, 2020, all 259 aircraft of India s largest airline by market share, IndiGo, were grounded as the government suspended commercial flights - domestic and international -indefinitely due to rising Covid cases. While Indian aviation has seen numerous ups and downs, the March-May 2020 period was the worst-ever.
As the market leader and the country s largest low-cost carrier (LCC), the scale of damage for IndiGo was bigger than the rest. While revenues stopped coming, fixed costs started eating into profits, and in turn, cash reserves. In April, agencies such as CAPA India predicted a loss of $1.5 billion for IndiGo and SpiceJet over the next six months. The impact was so brutal that some brokerages stopped tracking the sector, and IndiGo in particular. We believe the impact on aviation sector will be severe and the ability to forecast fina ....

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