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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Editor's note: Back in July 2019, newspapers were awash in headlines carrying every juicy titbit of the very public spat between Rakesh Gangwal and Rahul Bhatia, promoters of InterGlobe Aviation Ltd, which operates IndiGo, India’s largest airline. Cut to February 2021 and Gangwal is a man vindicated. Despite taking on the IndiGo management, his allegations of questionable related-party transactions and lapses in governance regulations at the airline have found a ringing endorsement in the settlement order issued by the Securities and Exchange Board of India on Tuesday. While the settlement itself is a measly Rs 2 crore and change, the order is unique in many respects: 1) A promoter shareholder whose grievances could not be redressed by the company board and other shareholders has found a sympathetic ear in the markets regulator; 2) SEBI has pretty much taken Gangwal’s side as the order finds no mention of the defence put up by the IndiGo management; 3) In a first, it details the role played by InterGlobe chairman (and former SEBI chairman SEBI) M. Damodaran in the entire affair; and 4) It is …
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
A drop in employee costs, despite the need to hire pilots under the new DGCA norms, raises fresh concerns about IndiGo’s staffing, and its vulnerability to a December 2025-scale disruption.
