IndiGo promoters' spat out in open; Gangwal alleges governance lapses : Bulletin: Business Today
Business Today

IndiGo promoters' spat out in open; Gangwal alleges governance lapses

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July 10, 2019

Retail inflation likely reached an 8-month high in June: Report

India's retail inflation likely reached an eight-month high in June on rising food prices, but stayed under the Reserve Bank of India's medium-term target of 4% for an eleventh straight month, a Reuters poll predicted. Another reading below the inflation target will likely support the RBI's decision last month to cut interest rates to boost economic growth that slowed to more than a four-year low in the January-March quarter.

Jaypee homebuyers matter: Supreme Court asks Centre to come out with uniform proposal

The Supreme Court asked the Centre to come out with a "uniform" proposal for all cases to resolve the difficulties being faced by lakhs of homebuyers who have not yet got possession of flats despite paying huge amounts of money to real estate builders. The apex court, which was hearing a homebuyers matter related to Jaypee Infratech Ltd, said the issue concerns lakhs of flat buyers and the Centre should give a proposal to resolve it.

India, China bilateral trade declines by 3.59% in first 5 months of this year

The bilateral trade between India and China has declined by 3.59 per cent year on year, totalling $36.87 billion in the first five months of this year, denting optimism that the total trade volume may cross $100 billion mark in 2019.The India-China bilateral trade last year touched a historic high of $95.54 billion, raising hopes that the trade this year could cross the historic $100 billion mark.

Hyundai Kona 2019 electric SUV launches in India Today

Hyundai has launched its electric car, Kona SUV, in India. The car is being advertised as 'India's first real electric SUV'.  Recently, Hyundai disclosed that the ARAI certified range of Kona is 452 kms on a single full charge and claimed that the car's battery can be charged up to 80% in less than an hour. Globally, Hyundai Kona comes in two battery variants. Hyundai Kona EV, at the moment, has no direct rivals and will be priced at around Rs 25 lakh.

IndiGo promoters' spat out in open; Gangwal alleges governance lapses

Differences between the promoters of the country's largest airline IndiGo came into public on Tuesday with Rakesh Gangwal alleging serious governance lapses by co-founder Rahul Bhatia who had earlier termed his demands as unreasonable. With the issues brewing for nearly a year, Gangwal has sought markets regulator Sebi's intervention to address the problems.

80 city-centric plans coming soon to make earth green, sky blue again: Javadekar

Eighty city-centric action plans will be launched soon in line with the budget's focus on making "the earth green and the sky blue again", Union Minister Prakash Javadekar said Tuesday, highlighting that the Environment Ministry has received an additional Rs 460 crore for anti-pollution measures. Javadekar said the additional amount the ministry received will be used towards state pollution boards, for reducing air pollution and to implement the National Clean Air Programme.

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