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India Business News: InterGlobe Enterprises (IGE) group MD Rahul Bhatia sells 2% stake in IndiGo for Rs 3,292.3 crore to fund IGE's businesses. Bhatia remains IndiGo's largest shareholder and promoter-MD, driving strategic direction.
Domestic markets opened lower with focus on various companies' developments including IndiGo, Mphasis, IRB Infra, Cintra, RVNL, Siemens, Raymond Realty, BPCL, JSW Steel, Bharat Petroleum Corporation, Lupin, Global private equity, and Central Railway project.
Accor opened Raffles London at The OWO, Londons most expensive hotel owned by the Hinduja Group, expressing gratitude to the Hindujas for the partnership.
InterGlobe Enterprises, which owns India's largest airline IndiGo, and Archer Aviation in November 2023 announced that they have entered into a memorandum of understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India.
Collaboration between InterGlobe Enterprises and Archer introduces e-VTOL flying taxis in Indian cities. Competitive pricing, FAA and DGCA approvals p