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India Inc's overseas direct investment in June doubles at $2.8 billion SECTIONS Last Updated: Jul 18, 2021, 01:55 PM IST Share Synopsis India Inc had invested USD 1.39 billion in overseas ventures in the year-ago month. However, on a month-on-month basis, the investment was lower by over 58 per cent from USD 6.71 billion in May 2021, as per the RBI data on outward investments by Indian firms. Agencies The RBI said the data is provisional and subject to change on online based reporting by the authorised dealer banks. The overseas direct investment of domestic companies more than doubled to USD...

Indigo Airlines to explore QIP, other options, to raise funds May 07, 2021 The pandemic has affected air travel in a big way   -  V_V_Krishnan× The company has not indicated the amount it will raise Interglobe Enterprises, the company which runs Indigo Airlines, said on Friday that it would explore various mechanism including the Qualified Institutional Placement (QIP) to raise fund. The Board of the company met here and post the meeting, it said in a filing to stock exchanges that the board deliberated the possibility of raising funds for the company through a qualified institutions pla...

Undisclosed related-party transactions: Interglobe settles case with Sebi, pays Rs 2.13 crore Sebi, in its preliminary enquiry, reportedly found several RPTs between InterGlobe Enterprises and IndiGo that were not disclosed as per required procedures. February 09, 2021 / 08:27 PM IST Interglobe Aviation, the parent firm of the country's largest airline IndiGo, reached a settlement with the Securities and Exchange Board of India (Sebi) in a case pertaining to non-disclosure of related-party transactions (RPTs). The company has paid a settlement amount of Rs 2.13 crore, stated the settlemen...

The lifestyle focused mid-segment hotel chain Ibis, a part of the French hospitality major Accor Group, will add over 500 keys across four properties, taking total inventory to over 4,000 by 2022. While Ibis, since its entry in 2008, operates 3,500 rooms across 19 properties (Ibis & Ibis Styles hotels) spanning 13 cities, its parent Accor operates over 9,500 rooms spread across 51 properties under 10 brands across 21 cities in joint venture with Interglobe Hotels, an arm of holding company of budget carrier Indigo since the past 14 years. The expansion is focused on three cities -- Mumbai,...

A black swan arising: Test your knowledge in the 2020 Biz Quiz We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement It was one of the most extraordinary years in living memory. A once-in-one-hundred-years kind of year with the pandemic causing wild market swings, huge gains, and some of the most unexpected business events in the country's history. But how much can you really remember? Relive the trauma of 2020 with our business quiz. What is being stored near Alice Springs because it should be kept in a dry climate and wa...