Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further

Much like other sectors, the airline is also witnessing a slump in demand. CEO Ronojoy Dutta said that the market is softening, and there are apparent signs of it. \"July and August were strong months

In a candid conversation with Business Today, Raj Raghavan, senior vice president of human resources at IndiGo, talks about a host of issues, which are keeping the low-cost carrier in the news

IndiGo CEO Ronojoy Dutta informed employees in an email on Monday that the contentious issues between the co-promoters Rahul Bhatia and Rakesh Gangwal have been settled in last week's board meeting post the AGM

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

The statement has come as a surprise because Gangwal agreeing to a 10-member board (and not seven as he has proposed earlier) still leaves his previous issue unresolved

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

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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?

A new report by Institutional Investor Advisory Firm (IiAS) claims that Rakesh Gangwal and Rahul Bhatia attended less than 40 per cent of the board meetings in FY16 and FY17, before improving their track record to 63 per cent in FY18. The proxy advisory firm has also made a case for expanding IndiGo's board.

IndiGo row: The SEBI is probing if the management purposely misled the shareholders or it itself was ignorant of the exact level of differences between the two co-founders Rakesh Gangwal and Rahul Bhatia of IndiGo.

The bitter fight between the two founders of IndiGo began in last October, when both sides started firing letters addressed to the company board accusing each other of mala fide intentions

InterGlobe Aviation share price fell up to 9% to 1,272 level in trade today. The airline share price closed 3.07% lower at 1,354 level in trade today.

Two US-based buyout firms as well as a local private equity fund who were in talks to buy Burger King India have backed out for their inability to match the expected price.

The share price of InterGlobe Aviation, IndiGo's parent firm, dived over 17 per cent on Wednesday, a day after Gangwal complained about serious corporate governance lapses at the company