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Mint

'Aap bhi ab...': Shark Tank's Anupam Mittal reacts to Indigo CEO Pieter Elbers' comment on living in India

Founder and Director of Shaadi.com and Shark Tank India investor Anupam Mittal responds to Indigo's Chief Executive Officer Pieter Elbers' post on LinkedIn about how India feels like a home to the latter.

Mint

Companies News Today Live Updates on September 19, 2024: 'Aap bhi ab...': Shark Tank's Anupam Mittal reacts to Indigo CEO Pieter Elbers' comment on living in India

Companies News Today Live Updates: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.

Hindustan Times

IndiGo CEO Pieter Elbers post on his ‘ghar’ Bharat gets this 1-line reply from Anupam Mittal

IndiGo CEO Pieter Elbers celebrated two years with airline, expressing a deep connection to India. He highlighted airline's growth and shared his experiences.

Mint

Mint Primer | How long before IndiGo can fly its grounded fleet?

IndiGo already has over 70 aircraft grounded due to the unavailability of engines. That number has stabilized for some time now—this indicates that the situation may not worsen.

The Economic Times

Neutral on InterGlobe Aviation, target price Rs 4970: Motilal Oswal

InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 190471.33 Crore) operating in Airlines sector.

Mint

Stocks to Watch: IndiGo, SpiceJet, NTPC, Tata Power, JBM Auto, HCL Tech and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Business Standard

DGCA investigates IndiGo tail strike incident, derosters flight crew

Aviation watchdog DGCA is probing the incident of tail strike involving an IndiGo aircraft on September 9 and the flight crew has been derostered, a senior official said on Tuesday. In a statement, IndiGo said its A321 aircraft was grounded in Bangalore due to a tail strike on September 9. It was operating the flight from Delhi to Bengaluru. "The aircraft is currently under maintenance and will be back in operation post necessary repairs. The incident is under investigation," the airline said. According to the senior official at the Directorate General of Civil Aviation (DGCA), the flight crew has been off rostered and the incident is under investigation.

Mint

IndiGo tail strike: DGCA begins probe in Sept 9 incident, derosters flight crew

IndiGo parent InterGlobe Aviation Limited on Tuesday said it has grounded the Delhi-Bangalore Flight 6E-6054 aircraft A321 involved in a tail strike on September 9

The Economic Times

DGCA probes tail strike incident involving IndiGo plane; derosters flight crew

The Directorate General of Civil Aviation (DGCA) is investigating a tail strike incident involving an IndiGo A321 aircraft on September 9. The aircraft, which was operating a flight from Delhi to Bengaluru, has been grounded in Bangalore for maintenance. The flight crew has been derostered pending the investigation, and the plane will return to service after necessary repairs.

Mint

In-flight fight: Two passengers clash over overhead cabin space on Guwahati-Delhi Indigo flight | Watch video

Two passengers on an Indigo flight from Guwahati to Delhi reportedly fought over shared overhead cabin space for hand baggage

Business Standard

Open for opportunities to source components from India: Aircraft maker ATR

India is the main market that offers a lot of potential and ATR is open for opportunities in terms of sourcing components from the country, according to a senior official of the European aircraft maker. ATR, a joint venture between European aeronautics players Airbus and Leonardo, manufactures turboprops with up to 78 seats as well as freighters. IndiGo and two regional carriers -- Alliance Air and FLY91 -- operate ATR planes that are used for regional flight operations. ATR's Chief Commercial Officer Alexis Vidal told PTI in a recent interview that the company is looking at India as the main market and the country's regional air connectivity is very promising. Currently, nearly 70 ATR planes are in operation in India and worldwide, the company has delivered around 1,700 aircraft. "We believe there is a potential in India for another 200 aircraft in the coming decade... All this, I believe very well supported by policy making... will drive additional aircraft into the country," he

The Economic Times

India sees rise in non-stop international travel, reducing reliance on global hubs

The aviation industry in India is experiencing a shift as more passengers prefer direct flights to global destinations. This trend is driven by increased international flights from carriers like IndiGo and Air India Group, along with new entrants like Akasa. The number of direct travelers has risen, reducing the need for stopovers at hub airports.

The Economic Times

Indian hotel with Rs 6 tariff in 1903 is now Rs 1 lakh crore hospitality company

Tata Group's Taj Hotels has become the first Indian hospitality company to reach a market cap of Rs 1 lakh crore. The post-Covid travel boom is driving growth in the sector, with IndiGo also seeing significant gains. IHCL's CEO highlights the potential for further growth in Indian tourism due to infrastructure development.

The Economic Times

IndiGo partners with Amadeus to make its New Distribution Capability content available to travel sellers

IndiGo has partnered with Amadeus to enhance its distribution strategy by utilizing Amadeus' NDC (New Distribution Capability) technology. This agreement will allow travel sellers globally to access IndiGo’s full range of products through the Amadeus Travel Platform, improving booking efficiency and offering tailored deals to travelers.

The Economic Times

IndiGo's CarGo operations likely to soar 17% this fiscal

IndiGo's cargo division anticipates a 17% growth in operations this fiscal year, driven by increased demand on domestic and international routes. The airline handled 387,047 tonnes of cargo last year and expects this to rise to 453,627 tonnes. The carrier is also optimizing aircraft utilization by focusing on lean sectors outside peak passenger demand.

Business Standard

IndiGo passengers wait inside plane as Mumbai-Doha flight faces tech issue

Passengers of an IndiGo flight from the city to Doha waited inside the aircraft for more than four hours as the flight was delayed due to a technical issue on Sunday. Some passengers took to social media to complain about the long flight delay and that they had to wait for long. The flight was to take off on Sunday early morning. Passengers were inside the aircraft for more than four hours before they deplaned. The flight is now expected to take off later in the day from the Mumbai airport, sources in the know said. IndiGo said its flight 6E 1303, operating from Mumbai to Doha, was delayed due to a technical reason. "The aircraft tried to depart for its destination a couple of times but had to finally be called off due to the extended time lag on account of various procedural delays," the airline said in a statement. While apologising for the inconvenience, IndiGo said its airport team immediately provided assistance to the affected customers and provided refreshments and necessa

The Economic Times

IndiGo Mumbai-Doha flight cancelled; several passengers reportedly faint due to intense heat and suffocation

An IndiGo flight from Mumbai to Doha was cancelled due to technical issues and procedural delays. Passengers were provided with hotel accommodations and rebooked for their final destinations. Previously, a Delhi-Varanasi flight faced air conditioning problems, causing discomfort among passengers. IndiGo has apologized for both incidents.

The Economic Times

SpiceJet's market share continues to drop, while IndiGo's rises, DGCA data shows

SpiceJet's market share in India's domestic aviation sector has dropped to 2.3 percent, according to the DGCA's latest report. The airline had a 5.6 percent share in January. IndiGo leads with 62.4 percent, followed by Air India at 14.7 percent. SpiceJet also recorded the highest passenger complaints in August.

Business Standard

Flight schedules may get impacted due to bad weather in Delhi: Airlines

IndiGo and SpiceJet on Friday evening said that flight schedules may get affected due to bad weather in the national capital while the Delhi airport saw diversion of one flight amid heavy rains. On Friday, heavy rains lashed parts of Delhi on Friday afternoon and the weather department has predicted more showers. An official in the know said one flight of AIX Connect coming from Bagdogra to Delhi was diverted to Lucknow due to bad weather. "It's pouring heavily in #Delhi, affecting flight schedules. If you're planning to jet off, please keep a tab on your flight status... and plan ahead, as roads leading to the airport may be waterlogged," IndiGo said in a post on X at 5.03 pm. In a post on X at 5.12 pm, SpiceJet said that due to bad weather in Delhi, all departures/arrivals and their consequential flights may get affected. "Traffic congestion and slow vehicle movement are expected enroute Delhi Airport due to heavy rains. Passengers travelling to the airport are requested to keep

The Economic Times

IndiGo, SpiceJet say flight schedules may get impacted due to bad weather in Delhi

IndiGo and SpiceJet have warned passengers that flight schedules may be disrupted due to heavy rains in Delhi. The weather department has forecast more showers, and one flight from Bagdogra to Delhi was diverted to Lucknow. Passengers are advised to check their flight status and plan their journey to the airport carefully as roads may be waterlogged.

The Economic Times

Domestic air traffic rises 5.7% to 1.31 crore in Aug: Official data

Indian airlines carried 1.31 crore passengers in August, marking a 5.7% increase from the previous year. Flight delays affected 1,79,744 passengers, while cancellations impacted 38,599. IndiGo led market share at 62.4%, followed by Air India at 14.7%. Akasa Air topped On Time Performance at 71.2%.

The Economic Times

IndiGo Mumbai-Phuket flight diverted to Penang due to bad weather

An IndiGo flight from Mumbai to Phuket was diverted to Penang, Malaysia due to adverse weather conditions. The airline is working on securing permission to continue to Phuket. Passengers have been informed and provided with refreshments for their comfort during the delay.

The Economic Times

Delhi and Mumbai international airports feature amongst busiest in world

Delhi's Indira Gandhi International Airport and Mumbai's Chhatrapati Shivaji Maharaj International Airport have been recognized among the world's most well-connected hubs by UK-based air consultancy firm OAG. Delhi improved its rank to 24, while Mumbai dropped to 44. IndiGo has become one of the world's largest airlines, with Delhi and Mumbai as its major hubs.

CNBC TV18

Marketbuzz Podcast with Kanishka Sarkar: Market likely headed for gap-up start, Adani Ports, IndiGo in focus

Marketbuzz Podcast: Indian market is likely headed for a gap-up start following a tech led rally overnight in the US. Tune in to the podcast for more

CNBC TV18

Top stock picks from Jefferies model India portfolio — From ITC to a 'sell' on Dixon

From ITC to IndiGo, these are some of the top stock picks from Jefferies' Model India portfolio.

The Economic Times

Stocks in news: HDFC Bank, Vodafone Idea, Dr Reddy's, RIL, IndiGo

Stocks in news: Domestic markets continued their rebound, gaining nearly half a percent on Tuesday, driven by a recovery in global indices. Key stocks like HDFC Bank, Vodafone Idea, Dr Reddy's, Reliance Industries, and IndiGo will be in focus due to various developments including loans, penalties, and regulatory clarifications.

Business Standard

IndiGo pays reduced Rs 70 lakh fine to BCAS over Mumbai airport incident

IndiGo has paid the reduced penalty of Rs 70 lakh imposed by regulator BCAS on the airline in connection with the incident of passengers having food on the Mumbai airport tarmac in January this year. The Bureau of Civil Aviation Security (BCAS) had imposed a fine of Rs 1.2 crore on the airline on January 18 for the incident that happened on January 14. In a filing to the BSE on Tuesday, IndiGo said that pursuant to an appeal, BCAS reduced the penalty to Rs 70 lakh through an order dated August 12. "There is a delay in submission of the disclosure within prescribed timelines since the company was in the process of reviewing the legal remedies available against the order. Post review, the Company has paid the revised/reduced penalty amount to BCAS on September 10, 2024," the filing said. Many passengers rushed out of an IndiGo aircraft at the Mumbai airport, sat on the tarmac, and some were also seen having food there as soon as their diverted Goa-Delhi flight landed after a long del

The Economic Times

IndiGo pays reduced Rs 70 lakh fine to BCAS over Mumbai airport incident in Jan

IndiGo has paid a reduced penalty of Rs 70 lakh to the Bureau of Civil Aviation Security (BCAS) for an incident where passengers were seen having food on the Mumbai airport tarmac in January. Initially fined Rs 1.2 crore, the penalty was reduced after an appeal. The airline completed the payment on September 10, 2024.

The Economic Times

BookMyShow partners with IndiGo to grow footfalls for live events

BookMyShow has partnered with IndiGo to launch the ‘Runway to Party’ campaign, offering exclusive benefits for attendees of major music festivals. Festival-goers booking through BookMyShow will receive discounts on IndiGo flights and additional perks for Sunburn Goa 2024. This initiative aims to boost entertainment tourism and enhance consumer experience.

Business Standard

IndiGo eyes global expansion with new routes, cargo growth by 2030

The budget-carrier is planning to double the airline's international destinations to 40 by March 2025, with a focus on untapped markets for Indian travellers

Mint

Drop in oil price may act as a tailwind for IndiGo

Sustained lower crude price and better ticket prices will mean improved spreads.

Mint

Latest Market News Today Live Updates September 9, 2024: Drop in oil price may act as a tailwind for IndiGo

Latest Market News Today Live Updates: Follow Mint's market blog for real-time updates on your favourite companies. This blog keeps you informed on all things Dalal Street and global markets.

The Economic Times

IndiGo issues apology after flyers experience discomfort on Delhi-Varanasi flight

IndiGo Airlines apologized after passengers on a Delhi-Varanasi flight experienced discomfort due to a malfunctioning air conditioning system. The cabin temperature rose, causing panic and some passengers to faint. IndiGo attributed the issue to temperature fluctuations and assured that the crew assisted affected passengers. A similar incident occurred in June on a Delhi-Bagdogra flight, where high ground temperatures caused delays.

Mint

AI Express, Akasa Air rip premium seats even as no-frills IndiGo adds business class

Akasa Air and Air India Express are removing premium seats from their fleets to streamline operations, contrasting with IndiGo’s strategy of introducing business class from November, raising questions about consumer willingness to pay more for luxury in no-frills airlines.

The Economic Times

Peak XV Partners sells 22 pc stake in Indigo Paints for Rs 1,557 crore; Morgan Stanley, HDFC MF among buyers

Peak XV Partners, formerly Sequoia Capital India and SEA, sold over 22% stake in Indigo Paints for Rs 1,557 crore to investors including Morgan Stanley, Mercer, and HDFC MF. The shares were sold via open market transactions. Following the sale, Indigo Paints' shares fell by 4.19% on the NSE.

Business Standard

Peak XV Partners sells 22% stake in Indigo Paints for Rs 1,557 crore

Peak XV Partners, formerly Sequoia Capital India and SEA, on Friday, divested a little over 22 per cent stake in Indigo Paints to investors like Morgan Stanley, Mercer and HDFC MF for Rs 1,557 crore via open market transactions. Venture capital firm Peak XV Partners through its two affiliates, Peak XV Partners Investments IV and Peak XV Partners Investments V, offloaded a total of 1.05 crore shares, amounting to a 22.04 per cent stake in Pune-headquartered Indigo Paints, as per the bulk deal data on the NSE. The shares were sold in the price range of Rs 1,475.96-1,489.35 apiece, taking the transaction value to Rs 1,557.05 crore. After the latest transaction, the shareholding of Peak XV Partners Investments IV has declined to 1.54 per cent from 12.14 per cent, while Peak XV Partners Investments V's stake has come down to 1.65 per cent from 13.09 per cent. Meanwhile, HDFC Mutual Fund (MF) acquired 10.04 lakh shares or 2.11 per cent of Indigo Paints, New York-based consulting firm Mer

Business Standard

Volumes jump at Indigo Paints Ltd counter

Indigo Paints Ltd saw volume of 236.18 lakh shares by 14:14 IST on NSE, a 139.79 fold spurt over two-week average daily volume of 1.69 lakh shares

CNBC TV18

Indigo Paints sees 25% equity change hands in likely cleanout trade

Indigo Paints Share Price | On Thursday, September 5, sources told CNBC-TV18 that Peak XV Partners launched a block deal to offload an 11% stake in the Pune-based company. Sources said the offer price for the shares was set at ₹1,470 per share and the total deal size was valued at ₹770 crore.

CNBC TV18

Indigo Paints Block Deal: Peak XV Partners likley to sell 11% stake for ₹770 crore

Shares of Indigo Paints Ltd ended at ₹1,538.30, up by ₹1.90, or 0.12% on the BSE.

The Economic Times

IndiGO begins operations at IGI's new Terminal 1 building

IndiGo has begun operating 35 flights from the newly developed Terminal 1 (T1) at Delhi's Indira Gandhi International Airport. The new T1 building became operational on August 17, with SpiceJet initially shifting 13 flights. Operations were smooth, and officials ensured passengers were well-informed about the changes. Additional amenities include the Queue-Buster Mobile Check-in Service, aerobridges, and self baggage drop kiosks.