InterGlobe Enterprises Ltd

Aionos, wherein IGE will hold the majority shareholding, was launched here on Tuesday in presence of Gurnani and Bhatia

Electric air taxi operations in India are subject to regulatory approvals and clearances, the company said in a statement

InterGlobe Hotels will invest around Rs 550 crore to set up two new properties in Mumbai and Bengaluru by 2025, its President and CEO JB Singh said on Thursday. The company -- a 60:40 joint venture between InterGlobe Enterprises Pvt Ltd and Accor Asia Pacific -- opened its new 'ibis Styles' hotel here and plans to open a new property under the 'ibis' brand in Mumbai by the end of next year, followed by the launch of a new hotel under the Novotel brand in Bengaluru early 2025. "This (ibis Styles Vagator) becomes the 23rd ibis (property in India), but as a portfolio, we are at 28 hotels, with this and two to open (which are) under active development. The ibis in Mumbai will open sometime late next year and the Novotel in Bangalore within 2-4 months of that or early 2025," Singh told PTI here. He was responding to a query on the company's expansion plans. When asked about the investments in the two new properties, Singh said, "We will add 207 rooms in Mumbai at an ibis, which will hav

New company called Movin will be headquartered in Gurugram and it will first start services in Mumbai, Delhi NCR and Bengaluru.

Interglobe Enterprise which holds 37.82% in IndiGo, is entering the business of logistics and cargo by forming a 50:50 joint venture with logistics giant UPS

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Analysts tracking the logistics sector said that there are multiple areas where IndiGo's cargo business can benefit from a joint venture between UPS and its parent firm

Stock analysts said Gangwal's announcement will keep the company's stock price under pressure

Sources said order had mandated relief in terms of shareholders' agreement, which gives greater control to co-promoter Rahul Bhatia and puts restrictions on transferring shares

Virgin Australia entered bankruptcy administration two weeks back; May 15 is last date to lodge first offers

Plans to assure investors about governance; Gangwal won't attend

A proposal by InterGlobe Enterprises, the Gurugram-based parent of the IndiGo airline, for travel benefits to the two independent directors (IDs) on its board and their family has caught the eye of a proxy advisory firm.Stakeholders' Empowerment Services (SES) has objected to the plan and asked shareholders to vote against the move in a postal ballot that is currently open and closing this Tuesday. The company is seeking shareholder approval for unlimited free tickets, for leisure purposes, to the two IDs, Devadas Mallya Mangalore and Anupam Khanna, and their family members (spouse and dependent children) in the ballot. SES contends Section 197(7) of the Companies Act does not allow any such payment to IDs. Further, this proposal has been referred by the Nominations and Remuneration Committee (NRC) and the Audit Committee -- both panels comprise three directors, including these two."Did these directors participate in recommending the proposal? If yes, it raises a question over their ..