IndiGo tells stock exchanges that Gangwal's August-30 letter seeks directions to IGE Group regarding amendments in Articles of Association, related-party transactions, non-independence of current chairman M Damodaram, among others

Aditya Pande who is a qualified chartered accountant comes with an over 27 years of experience in finance leadership.

IndiGo plane makes emergency landing in Hyderabad after smoke seen in cockpitAn IndiGo flight made an emergency landing on Tuesday evening at Hyderabad airport after smoke was seen in the cockpit due to malfunctioning of an exhaust fan in the plane's air conditioning system, said the airline. The A320neo aircraft, which was coming from Delhi, has been grounded temporarily due to the incident.Allahabad Bank, PNB link loan products to repo rateState-run Allahabad Bank on Tuesday ann...

Company's co-promoters Rakesh Gangwal and Rahul Bhatia have been engaged in a bitter tussle over the issues including corporate governance, questionable related party transactions and composition of the company's board

Gangwal had earlier said he would not support the special resolution at InterGlobe Aviation's AGM until the company board passed resolutions to stop Bhatia-led Interglobe Enterprises from getting more powers and formulate new related-party transactions policy

IndiGo promoters' spat: The board of directors of InterGlobe Aviation Ltd which runs IndiGo has given its approval to a new policy on related-party transaction (RPT) to increase the board size from 6 to 10 members.

Indigo promoters' spat: From the time the fight between promoters came out in the public domain last month, it was clear that the Gangwal camp, which has an almost identical shareholding in IndiGo as Bhatia camp, stands on thin ice.

In a deepening rift between InterGlobe Aviation promoters, Rakesh Gangwal has said there are \"serious unresolved issues\" and opposed expanding the board, just weeks ahead of the company's annual shareholders' meet.

In a strongly-worded letter to IndiGo's board, Rakesh Gangwal alleged that proposed 10-member board structure gives co-promoter Rahul Bhatia's IGE group additional powers that it does not have currently

Is the truce between the warring co-founders of IndiGo for real?

IndiGo Chairman M. Damodaran, played a key role in brokering peace between the co-promoters and several key decisions on board structure and related party transactions have been hashed out at the recent board meeting

As per the new policy, the airline would seek external advice for related party transactions worth over Rs 2 crore and the bidding process would be mandatory for any such contracts

IndiGo row: One of the issues that became a bone of contention between the two promoters was the expansion of the board to include more independent directors.

IndiGo Q1 results: Revenue from operations surged 44.7 per cent year-on-year to Rs 9,420.10 crore, driven by a 30.3 per cent increase in capacity compared with the year-ago period