As per the formula worked out, the grounded airline's foreign flying rights would be allotted to airlines ranked in terms of available seat kilometres, after giving Air India first claim. Domestic carriers reportedly allege that this gives market leader IndiGo an unfair edge.

The ongoing trade war could lead to China dumping goods at predatory prices in emerging markets, including India, and potentially disrupting the domestic demand-supply dynamics in the country

Saudi Arabia approached Indian buyers last month offering them additional supplies to compensate for lost Iranian oil after U.S. sanctions kicked in

In January, the Reserve Bank of India had set up the five-member panel on deepening digital payments with a view to encouraging digitisation of payments and enhance financial inclusion through digitisation.

However, the Sebi revoked the directions against three former directors -- Rajeev Kumar Asopa, Lalit Agarwal and Rajendra Prasad Basia -- of the company in the same case.

The KIIFB is the first sub-sovereign entity in India to tap the offshore Rupee international bond market with the USD 312 million equivalent senior secured fixed-rate bond and is aimed at accessing capital from international investors for the southern state's infrastructure development.

Crucial differences include pace of expansion, use of aircraft for overseas operations and recent management changes; it seems Gangwal's signature is written all over IndiGo's current strategy

After Kamark's exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April

Although the co-founders of the airline, Rahul Bhatia and Rakesh Gangwal, have a nearly equal stake in the airline, the shareholders' agreement in slanted in favour of the former. This, along with their divergent views on IndiGo's expansion, has caused the rift between the promoters

IndiGo CEO Ronojoy Dutta assures employees that the growth strategy of the airline is fully in place, and the management is fully charged by the board to implement it

One of the reasons for the sharp increase in prices is the summer holidays along with a crunch in flights, following Jet Airways' grounding.

The email was sent to employees by the CEO as there were various media reports on Thursday morning regarding alleged disagreements between the airline's two promoters - Rahul Bhatia and Rakesh Gangwal

Shares of InterGlobe Aviation Limited dropped nearly 8 per cent Thursday amid reports of an alleged rift between the promoters of IndiGo.