Earlier, the DGCA has raised the minimum and maximum fares that domestic airlines can charge in the seven categories into which domestic routes are divided.
Except bank and IT, all other sectoral indices ended in the red, with metal, pharma, FMCG and energy losing a percent each. BSE midcap and smallcap indices ended flat.
Stocks to watch today on February 10: Berger Paints, Torrent Power, Tata Steel, Interglobe Aviation, Glenmark Pharma among others are the top stocks to watch out for in Wednesday's trading session
Updated Feb 10, 2021 | 07:48 IST
Sebi started a probe against the Gurugram-based airline after it had received several complaints from IndiGo co-founder Rakesh Gangwal alleging several violations. IndiGo pays Rs 2.10 crore to Sebi to settle alleged violation of corporate governance.
New Delhi: InterGlobe Aviation Ltd, which operates budget carrier IndiGo, has settled a case with the Securities and Exchange Board of India (Sebi) involving lapses of alleged corporate governance by paying Rs 2.10 crore as settlement charges. The market regulator initiated a probe against the airline after it had received several complaints from IndiGo co-founder Rakesh Gangwal alleging several violations.
The company has settled the matter without admitting or denying any violation on its part, by paying a settlement charge of Rs 2.10 crore, according to a Sebi notification issued on Tuesday.
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IndiGo parent InterGlobe Aviation pays Rs 2.1 crore to settle case with SEBI
InterGlobe Aviation, the parent of low-cost carrier IndiGo, has paid Rs 2.10 crore to Securities and Exchange Board of India (SEBI) to settle a pending case. The case pertains to alleged corporate governance lapses and listing norms violations that were raised by the company s co-promoter Rakesh Gangwal. The company has settled the matter without admitting or denying any violation on its part.
E-commerce companies under govt scanner on retailers complaints: Piyush Goyal
The government is investigating some e-commerce companies as there have been complaints from consumers and small retailers about certain practices followed by these companies, Commerce and Industry Minister Piyush Goyal said on Tuesday. Saying that India s foreign direct investment (FDI) policy for e-commerce sector is robust, Goyal said the government is considering issuing some clarifications to ensure that fair tr