On Monday, the shares of Interglobe Aviation Pvt Ltd rebounded after falling 6% on Friday and gained 1% today. At 9:55 am, the scrip was trading at 1,417, up 0.8% as comapred to a 0.5% rise in BSE Sensex. The stock had hit a high and low of Rs 1,438 and Rs 1,361 in the day so far.
On Friday IndiGo announced that Aditya Ghosh has resigned and likely to be by replaced one of its former executives Gregory Taylor and Rahul Bhatia will be the interim CEO. The news comes amid the airline embarking on ambitious expansion plans and its aircraft facing technical issues with engines.
Aditya Ghosh has been working with the company for more than 10 years said it has been most satisfying task building Indigo Airlines. “It is now time for me to step off the treadmill and sometime in the near future embark on my next adventure. I wish all my colleagues at IndiGo the very best as they move on to the next phase of growth”, He added.
In a statement Interglobe Enterprises Pvt Ltd said, “In the coming months, the Board will consider the appointment of Greg as President and CEO of the company, subject to receiving the necessary regulatory approvals and paperwork”.
The Katchatheevu island issue is back in the limelight after PM Modi mentioned it in…
Bengaluru is facing an acute shortage of 500 million litres of water every day, which…
Delhi's Chief Minister, Arvind Kejriwal, has been arrested by the Enforcement Directorate (ED) and will…
The Indian growth story has been famously dubbed the 'Amrit Kaal' by leaders and ministers…
The report highlights a two-step process in conducting nationwide simultaneous elections that needs many constitutional…
India and the four European Free Trade Association (EFTA) countries—Iceland, Norway, Liechtenstein, and Switzerland—have finally…