interglobe aviation

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India's largest airline IndiGo said on Monday that its "systems are down across the network" and the carrier is trying "to solve the issue asap (as soon as possible)". "#6ETravelAdvisory: Our systems are down across the network. We are expecting the counters to be crowded more than usual. Please bear with us as we try to solve the issue asap," IndiGo said on Twitter.

interglobe aviation Ltd, which runs India's largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.

Shares of interglobe aviation, the parent of the country's biggest airline IndiGo, dropped on Monday after one of its co-founders resigned from the board last week and said he will trim his stake in the company over the next five years.

IndiGo hopes to raise $534 million by issuing shares to try and boost liquidity after the coronavirus pandemic sparked record losses and job cuts. Airlines worldwide have reported steep falls in revenue because of a slump in demand as governments impose sweeping travel restrictions to battle COVID-19.

IndiGo Airlines co-promoter Rakesh Gangwal and his wife on Thursday divested 2.74 per cent stake in the parent company interglobe aviation for Rs 2,005 crore through open market transactions.

The S&P BSE Sensex has risen 3% over the last eight sessions, and closed at the highest level in over four months on Tuesday. The Nifty 50 has risen for six consecutive sessions amid corporate earnings for March quarter, and is in overbought territory, with a relative strength index of 73.

INTERGLOBE-AVIATION-Indian airline IndiGo's operator posts Q2 profit

interglobe aviation will seek shareholders' approval for appointment of co-founder Rahul Bhatia as the Managing Director as well as for availing advisory services from non-executive director Gregg Albert Saretsky.

The number of cybercrime complaints has seen a rise by 350% from 2013 and by over 44% from 2016, according to cyber cell statistics. Most crimes are related to online banking, emphasising why policymakers are concerned about digital security as the government pushes for a more cashless economy and card-based or wallet-based transactions.

Shares of interglobe aviation, the parent of IndiGo, climbed nearly 6 per cent on Monday after the firm reported more than doubling of profit after tax to Rs 2,998.1 crore for December 2023 quarter. The stock jumped 5.57 per cent to Rs 3,301.40 -- its 52-week high -- on the BSE. At the NSE, it climbed 5.52 per cent to Rs 3,300 -- its 52-week high.

Rakesh Gangwal, the billionaire co-founder of IndiGo, has offered to sell part of his family’s stake in the airline for around $250 million, according to reports.

Analysts are bullish on Reliance Industries, citing strong refining margins and a recovering chemical cycle. interglobe aviation sees a target upgrade amid peer losses, while AU Small Finance Bank receives a neutral rating due to RBI norm changes. Ambuja Cements is favored for its cost efficiencies and expansion plans.

Shares of interglobe aviation Ltd, the operator of IndiGo, surged more than 4 per cent in the afternoon on Thursday after the airline reported a larger loss for the fourth quarter on Wednesday as higher fuel costs more than offset a rebound in demand for air travel.