 "Top 10 biz headlines: IndiGo crisis, balance sheet of India Inc, and more")
IndiGo promoters' spat: Board to question Rakesh Gangwal on July 19
The board of InterGlobe Aviation, which operates IndiGo, will seek clarification from co-promoter Rakesh Gangwal on his allegations that independent directors failed to take ‘independent’ decisions on corporate governance lapses, at the board meeting on July 19. The IndiGo board is led by Independent Director M Damodaran, who is former Securities and Exchange Board of India (Sebi) chairman. Read here
Balance sheet of India Inc weakens; net debt-equity ratio inches up in FY19
The recent deterioration in corporate earnings has begun to affect India Inc’s balance sheet and leverage
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